21 ERP Software Statistics You Need to Know

Over the years, the ERP Software market has grown, almost doubling from $33.6 billion in 2017 to $64.7 billion, and is anticipated to reach $130.0 billion by 2027.

The ERP Software:

ERP (Enterprise resource planning) System is a cloud solution, serving as your integrated management of business processes and applications to gain resilience and real-time agility to position yourself for growth.

ERP Software Objectives and Selection:

Businesses with fewer than 50 employees valued supporting growth as the most critical aspect of ERP implementation. Supporting growth (26%) and efficiency (27%) is paramount for SMEs, while large-scale companies look for greater functionality (22%).

25% of organizations implement ERP to increase efficiency, 20% to support growth, and 10% to consolidate disparate systems - according to the American Society of Procurement and Supply Chain (ASPR).

ERP Software Market Statistics

• The ERP Software market is forecasted to grow 15%, from USD 64.7 billion in 2022 to $130.0 billion by 2027.
• Asia Pacific.is an emerging ERP market expected to achieve Global market growth that is likely to increase by over 8% in the next five years. The region is expected to grow at a compound annual growth rate (CAGR) of 9.8% through 2027.
• Market leaders (40%) are looking for ERP system innovations.
• Reportlinker predicted ERP software growth of 8% CAGR in 2021 and $181.5 billion by 2023.
• The manufacturing industry share is 34%, distributors 18%, services 12%, and construction 4% of the ERP market.
• Microsofthad the largest share in the ERP market, commanding 49%, and Oracle Cloud at 18%
• Accounting (89%) is considered the most critical department for which companies look for ERP implementation.
• Almost 77% of organizations choose on-premises Software due to a lack of knowledge about cloud offerings. In comparison, 58% of developers have already integrated or plan to integrate AIinto their ERP software.
• 53% of CIOs in the UK want to use cutting-edge, intelligent technology to expand the capabilities of their ERP software. The secret to managing all your company operations and assisting your team in reaching a consensus is using ERP software solutions.
• 86% of organizations consider ERP implementation a success for their business.
• By 2022, 2023, and 2024, worldwide ERP software market values are predicted to reach $96.04 billion, $96.71 billion, and $97.15 billion, respectively.
• 23% of organizations use a hosting system to implement the ERP system through the software service model.
• 64% integrate ERP software on the Cloud; 14%on-premises via one-time payment, 77% hosted internally

• ERP software increase efficiency, supports growth, and consolidate disparate systems
• Accommodation (27%), transport and storage (27%), and construction (22%) had the lowest rates of ERP software usage.
• In Romania, Bulgaria, and Hungary, less than a quarter of companies use ERP Software.
• Regarding implementation, 10% of respondents said they needed very modest customization, 33% said they needed some customization, and 37% said they required extensive customization.
• ERP implementation has projected 85% of the ROI timeline, of which the companies achieved 82% ROI in the expected time.
• The top three corporate objectives listed for deployment are to save costs (46%), enhance performance indicators (46%), and increase transactional efficiency (40%).
• ERP software help achieve reduced IT costs (40%), decreased inventory levels (38%), and reduced cycle time (35%).
• An international poll of ERP users in 2022 revealed that 64% of businesses would utilize SaaS, and 21% would adopt cloud ERP software.

Deciding on the Best ERP Consultants:

ERP consultants can help you negotiate the complexities of setup and customization since they are familiar with the most frequent problems. The ideal partner will not only be knowledgeable about the Software you have selected but will also pay attention to your existing issues, assist you in identifying their causes, and collaborate with you to find a viable, long-term solution.
You want a partner who is an essential member of your team and knowledgeable about the various ERPs available on the market. They can assist you in making the most fantastic decision to advance your business.

Partner with ERP Buddies, a NetSuite Solution Provider:

ERP Buddies is a North American Official Oracle NetSuite Solution Provider with diverse experience in implementing and supporting NetSuite ERP for many industries.

With operations in the U.S., Canada, Europe, India, and the Philippines, our Expert Team is accessible globally. It is their priority to create a smooth and positive experience for clients. Our experts assist clients throughout the entire NetSuite ERP implementation process with NetSuite pricing, on-site support and consultation, and additional assistance in customizing your system to guarantee it meets your business needs.