ERP (Enterprise Resource Planning) is a powerful tool that helps businesses manage their operations more efficiently. It is used to automate and streamline processes, reduce costs, and improve customer service. As the use of ERP systems continues to grow, so does the need to understand the statistics associated with them.
In this blog post, we will explore the various ERP statistics that can help businesses make better decisions about their ERP systems.
ERP: The Most Important Statistics
ERP implementation led to business process improvement for 95% of businesses.
53% of businesses believe ERP is one of the priority sectors for investments.
ERP Statistics Overview
The global ERP software market is projected to reach 100.7 billion USD by 2025, with SAP and Oracle as two of the leading vendors.
This shows the potential growth of the ERP software market, and the two leading vendors, SAP and Oracle, that are driving the growth. This information is important for businesses looking to invest in ERP software, as they can use this data to determine which vendors are the most successful and which ones are likely to continue to be successful in the future.
53% of businesses believe ERP is one of the priority sectors for investments.
This statistic shows that businesses understand the value of investing in enterprise resource planning (ERP) systems. Investing in ERP software can help companies streamline their processes, reduce costs, and increase efficiency. By investing in ERP, businesses can improve their overall performance and gain a competitive edge in their industry.
Up to 53% of IT executives say ERP is on the list of their investment priorities.
IT executives recognize the value of enterprise resource planning (ERP) as a key technology that can help organizations increase efficiency and productivity. ERP allows organizations to streamline processes, improve performance and increase profitability. Investing in ERP allows organizations to stay competitive in an ever-changing digital environment, making it an important priority for IT executives.
The average budget per user for ERP software is $9000.
This number gives business owners and decision-makers an idea of the cost associated with implementing ERP software. Knowing the average cost of ERP software can help them make informed decisions about their budget, as well as help them plan for the long-term costs associated with the software.
88% of organizations consider their ERP implementation helped them to succeed.
ERP implementation can have a positive impact on organizational success. This statistic demonstrates that investing in ERP implementation can be a beneficial and worthwhile endeavor, as it can help to improve business operations, increase efficiency, reduce costs, and increase profits. In addition, it shows that the implementation of ERP systems can help to create a competitive advantage in the marketplace.
50% of companies are soon acquiring, upgrading, or planning to update ERP systems soon.
This statistic highlights the importance of ERP systems. ERP systems are vital for companies to effectively and efficiently manage their operations. They help in streamlining operations, automating processes, and improving decision-making. Companies that do not have an up-to-date ERP system are likely to experience a decrease in efficiency and productivity, and may even face significant losses due to sub-optimal performance. This statistic is therefore essential in understanding the importance of ERP systems and the need to ensure that they are regularly updated.
Only 5% of organizations use their ERP effectively to create and augment high-quality data, which is key to effective analytics and insights.
This information indicates that the vast majority of organizations are not taking full advantage of their ERP systems and are missing out on the potential benefits of using them to create and augment high-quality data. Having access to high-quality data is essential for organizations to gain valuable insights and make data-driven decisions. Without it, organizations are at a significant disadvantage when making decisions and can miss out on potential opportunities.
29% of companies believe they face budget overrun with ERPs due to organizational issues.
It highlights the importance of proper organizational planning when dealing with ERP implementations. It shows that the budgeting process can easily be derailed if the organization does not have a clear vision and strategy for the project. It also highlights the need for businesses to invest in experienced professionals who can manage the implementation process and ensure that it is completed within budget.
The biggest influencers in purchasing ERP software were employees from finance and accounting (23%) and IT department employees (23%).
This statistic shows which departments within an organization are most influential when it comes to purchasing ERP software. Knowing which departments are most influential can help organizations plan and prioritize their ERP implementations and budget accordingly. Additionally, this statistic can help organizations identify which departments need to receive more support or resources when it comes to ERP implementation.
ERP usage varies across industries and organizations use ERP systems for different reasons, as evidenced by recent ERP usage statistics.
This shows that ERP systems are being used in different ways and for different reasons across different industries. This information can be used to inform decisions about which ERP system to use, as well as how to best implement it. It also provides insight into how ERP systems are being used in different industries, which can be used to inform future ERP strategies.
For 2024, the global ERP software market value is projected to reach 97.15 billion USD.
This statistic indicates the growing popularity of ERP software and its potential for continued success in the future. ERP software is used to integrate different aspects of a business’s operations, from finance to inventory to customer service, and this statistic shows that the demand for ERP software is increasing. This indicates that businesses are recognizing the importance of ERP software in managing their operations and increasing their efficiency.
Common ERP challenges include poor project management, inability to manage costs and duration, internal resistance, software integration issues, and poor data quality.
These common ERP challenges are often caused by unclear implementation goals, choosing the wrong ERP vendor, and purchasing software that is not suitable for the company. This is important to note because it highlights the importance of being thorough and strategic when implementing an ERP system. Poor planning can lead to costly and time-consuming problems that can be avoided by taking the necessary steps to ensure the ERP system is the right fit for the company.
65% of small businesses are taking advantage of ERP consultation services.
This statistic shows that a growing number of small businesses are recognizing the value of ERP consultation services and are taking advantage of the tools and resources that these services can provide. ERP consultation services can help small businesses to streamline their operations, improve efficiency, and increase their profits. With the right consulting services, businesses can better identify areas of opportunity, make strategic decisions, and maximize return on investment.
Cloud technology adoption is rapidly increasing worldwide, with cloud applications in the ERP market growing dramatically.
This matters in the context of ERP statistics because businesses are increasingly relying on cloud technology to achieve business efficiencies, on-demand service, network elasticity and expanded network access. This shift to cloud technology is making it easier for businesses to access and use ERP systems, which can help them become more efficient and competitive.
Only 27% of employees use the implemented ERP system.
This statistic indicates the effectiveness of the implemented ERP system. If only 27% of employees are using the system, then it may not be meeting the needs of the majority of employees. This could be an indication that the system is not user-friendly, or lacks the features that employees need. It could also signal that there is inadequate training in place for employees to make use of the system. Understanding why the system is not being used can help companies make the necessary changes to ensure that the system is being used effectively.
ERP implementation led to business process improvement for 95% of businesses.
This statistic demonstrates the positive impact that ERP implementation can have on businesses. It highlights the potential of ERP systems to streamline and improve processes and to ultimately increase efficiency, productivity, and profitability. It also serves as an encouragement for businesses to consider investing in ERP systems, as the potential for process improvement is high.
Supplementary Statistics
95% of businesses improve their processes after implementing ERP solutions.
It demonstrates that businesses that implement ERP solutions are able to streamline their processes and become more efficient. This is an important point to make in a blog post about ERP Statistics, as it shows that ERP solutions can be a valuable tool for businesses looking to improve their operations.
The global ERP software market is expected to reach $78.40 billion by 2026.
This is a clear indication that ERP software is becoming increasingly popular and is being adopted by more and more businesses. This statistic is an important one to consider when discussing the current and future state of the ERP software market.
75% of ERP implementations fail to achieve their objectives.
It highlights the importance of careful planning and execution when it comes to ERP implementations, as the consequences of failure can be costly. It serves as a warning to those considering ERP implementations, and provides a valuable insight into the potential pitfalls of such a project.
The average number of ERP users per company is 109.
ERP systems are becoming increasingly popular, with an average of 109 users per company. This is a clear sign that ERP systems are becoming an integral part of businesses, and that companies are investing in them to improve their operations.
The median budget for ERP implementation is $1.2 million.
It is an important factor to consider when weighing the potential benefits of ERP against the cost of implementation.
Midsize businesses spend an average of $7,143 per user on ERP implementation.
This provides a tangible figure that can be used to help businesses plan their ERP implementation budget and make informed decisions about the cost of implementing an ERP system.
67% of CIOs report a positive ROI after implementing an ERP system.
The majority of CIOs have seen tangible benefits from implementing an ERP system, such as increased efficiency, cost savings, and improved customer service. This statistic is a great example of the value that ERP systems can bring to businesses, and it can be used to demonstrate the potential benefits of ERP systems to readers of the blog post.
Companies using ERP software report an average 11% reduction in operational costs.
Companies who invest in ERP software can expect to see a significant reduction in operational costs, making it a worthwhile investment. This is an important point to consider when evaluating the potential benefits of ERP software for any business.
More than 50% of ERP implementation failures are due to poor change management.
Without proper change management, the chances of a successful ERP implementation are drastically reduced. It is essential to ensure that all stakeholders are on board with the changes and that the transition is managed in a way that minimizes disruption and maximizes efficiency.
The top three reasons for ERP implementation are to improve business performance (64%), replace outdated ERP systems (57%), and position a company for growth (49%).
Businesses are recognizing the value of ERP systems in improving their performance, replacing outdated systems, and positioning themselves for growth. This data points to the fact that ERP systems are becoming increasingly essential for businesses to remain competitive in today’s market. As such, this statistic is an important piece of information to consider when discussing ERP systems in a blog post.
Conclusion
In conclusion, ERP statistics show that the use of ERP systems is becoming increasingly popular. Companies are increasingly turning to ERP systems to help them manage their operations more efficiently and effectively.
ERP systems can help companies reduce costs, improve customer service, and increase their overall productivity. As the demand for ERP systems continues to grow, it is important for businesses to understand the benefits of using ERP systems and to make sure they are taking advantage of the many features and benefits that ERP systems offer.
References
FinancesOnline: “144 Key ERP Statistics 2021: Analysis of Trends, Data and Market Share”, cited February 2023. (Source)
TrueList: “ERP Statistics – 2023”, cited February 2023. (Source)
Statista: “Enterprise resource planning (ERP) software market revenues worldwide from 2019 to 2025”, cited February 2023. (Source)
G2: “60 Must-Know ERP Statistics Before Making a Buying Decision”, cited February 2023. (Source)
NetSuite: “60 Critical ERP Statistics: 2022 Market Trends, Data and Analysis”, cited February 2023. (Source)
Moovago: “10 ERP Statistics In 2022”, cited February 2023. (Source)
Concentrus: “30 ERP Statistics You Need To Know”, cited February 2023. (Source)
ZipDo, cited June 2023: Erp Statistics
