There’s no denying that ERP software has become an indispensable business tool. The need to compete in a dynamic and increasingly interconnected world has led to an explosive growth in its use, and no market has been spared, often for the better.
Let’s take a closer look at the ERP market.
ERP statistics
1. 88% of companies consider their ERP implementation a success (Selecthub)
2. 14% of companies switched from a legacy system to an ERP between 2019-2020.(Hubspot)
4. Only 27% of employees use the ERP system implemented.(Softwarepath)
5. The average budget per user for ERP implementation is $8,265, or around €6,926. (Softwarepath)
6. 64% of ERP implementation budgets will be exceeded. (Mentorsunlocked)
7. On average, companies take 17 weeks to choose their ERP system.(Softwarepath)
8. There are over 400 ERP software packages on the G2 comparison platform (G2, ERP software examples).
9. 80% of developers believe that ERP systems will be completely replaced by artificial intelligence or machine learning algorithms(Evansdata).
10. The main reason for adopting an ERP system is to increase efficiency.(Softwarepath, ERP Benefits)