22 ERP Statistics Every Organization Should Know Heading into 2024

“It is undeniable that ERP has become an indispensable tool for companies,” says Moovago “ERP statistics are important because they provide valuable insights into the implementation and usage of ERP systems in organizations. By analyzing these statistics, businesses can better understand the benefits and challenges of implementing an ERP solution, as well as identify trends and best practices in ERP adoption.”

Here are 22 ERP Statistics we found in 2023 that every organization should know going forward into 2024:

1. 1. 1. 1.           1. ERP revenue is expected to show an annual growth rate (CAGR 2023-2028) of 4.78 percent, resulting in a market volume of $62.36 billion by 2028. (Source: Statista)

2.           2. The average spend per employee in the ERP Software market is projected to reach $14.19 in 2023. (Source: Statista)
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4.           3. The U.S. market will account for more than half of the global ERP software market with $25.3 billion in 2023. (Source: Statista)
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6.           4. 45 Percent of ERP projects go over budget. (Source: SelectHub)
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8.           5. The average return on investment (ROI) for an ERP project is 52 percent – which means that for every $1 invested in an ERP system, there is an average return of $1.52. (Source: Parsimony)
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10.           6. The total cost of ownership (TCO) for an ERP system is $15,000 to $20,000 per user. Generally, the TCO includes hardware, software, licensing, implementation, and support costs. (Source: Parsimony)
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12.           7. The typical payback period for an ERP investment is 2 to 3 years. The amount of time may vary depending on your organization’s size and complexity, but on average, most businesses report a payback period of around two or three years. (Source: Parsimony)
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14.           8. 66 percent of organizations report that their ERP systems have helped increase efficiency. With an ERP system, companies can streamline processes, automate data entry and reporting, and utilize resources better. (Source: Parsimony)
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16.           9. According to a survey of 1,500 organizations by Techaisle, 62 percent of respondents reported that their ERP systems had reduced costs. (Source: Techaisle)
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18.           10. That same survey by Techaisle found that ERP systems were most effective in purchasing and inventory control areas, where cost savings of up to 30 percent were reported. (Source: Techaisle)
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20.           11. In that same survey, nearly all (96 percent) of respondents indicated that their ERP system was either “very successful” or “somewhat successful” in reducing costs in purchasing and inventory control areas. (Source: Techaisle)
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22.           12. A recent survey has revealed that 60 percent of organizations report that their ERP systems have improved decision-making processes within their organizations. This is mainly because ERP systems provide access to real-time data and insights that enable users to make more informed decisions. (Source: Parsimony)
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24.           13. A recent survey of companies using ERP systems shows that 47 percent of organizations report that their ERP systems have improved customer satisfaction. (Source: Parsimony)
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26.           14. Recent statistics show that 46 percent of organizations report that their ERP systems have positively impacted revenues. (Source: SoftwarePath)
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28.           15. 41 percent of organizations report that their ERP systems have improved employee satisfaction. (Source: FounderJar)
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30.           16. For organizations that had implemented ERP systems for three or more years, that satisfaction percentage skyrocketed to 73 percent. (Source: FounderJar)
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32.           17. At least 95 percent of organizations say they realized some improvements in other processes because of ERP. (Source: FounderJar)
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34.           18. 80 percent of organizations say ERP’s centralized data system allowed them to co-create new applications. (Source: FounderJar)
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36.           19. ERP reduces inventory costs by 11 percent on average with best-in-class manufacturing companies reducing their inventory costs by 22 percent using ERP. (Source: FounderJar)
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38.           20. Of organizations that implemented an ERP system successfully, 62 percent cited top management support and commitment as the No. 1 reason followed by change in organizational processes. (Source: FounderJar)
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40.           21. 38 percent of organizations say ERP enhances their ability to meet changing customer demands (Source: Accenture).
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42.           22. 82 percent of SMBs with less than $50 million annual revenue use ERP systems and 66 percent of those say they are looking for an updated system that delivers visibility of business processes across all departments. (Source: Aberdeen)

Want help in connecting the dots on how all these ERP statistics relate to your business, reach out to ERP Technology Partners today about how we help clients actualize the benefits available through an ERP transformation.