The Ultimate List of ERP Statistics, Trends 2023

Today, we’re going to explore some of the most valuable ERP statistics for 2023.

Let’s get started.

ERP Statistics: ERP Market Size 2023

1. Global ERP market was valued at US$ 50.57 billion in 2021 and is forecast to reach US$ 123.41 billion by 2030.

1. 38% of businesses in the European Union used Enterprise resource planning (ERP) software applications in 2021.

1. Manufacturing (26.4%), information technology (17.1%), and healthcare (13.6%) are the top consumers of ERP software.

ERP Statistics 2023: Worldwide ERP Software Market, ERP Buyers Profile

1. Microsoft Dynamics is the leading ERP in 2022, commanding 29% of the ERP market.

1. 86% of organizations required accounting as a core feature in their ERP system.

1. 31% of organizations identified “support growth” as their primary reason for implementing an ERP system.

1. The average budget per user for ERP software is US$ 9,000 in 2022, an increase from last year’s US$ 8,295.

ERP Statistics: Cloud Vs. On-Premise ERP Debate 2023

1. 95% of organizations say they are open to cloud-based ERP systems.

1. No large organizations (500+ employees) are considering on-premise ERP software specifically.

ERP Statistics: The Benefits of ERP Projects 2023

1. 67% of organizations consider ERP implementation as “very successful” or “successful.” In fact, only 2% say ERP ERP projects are “not very successful.”

1. 80% of organizations achieved the projected ROI (sooner, within the timeline, or later) after ERP implementation.

1. Only 9% of organizations say they did not realize any benefit (ROI) after ERP implementations.

1. 80% of organizations say ERP’s centralized data system allowed them to co-create new applications.

1. 38% of organizations say ERP enhances their ability to meet changing customer demands.

ERP Statistics 2023: Small and Medium Businesses

1. 82% of SMBs with less than US$ 50 million annual revenue use ERP systems.

1. Account payable (77%) and account receivable (73%) are the top ERP processes adopted by small businesses.

1. 55% of SMBs use a cloud ERP because of ease of use (29%) and flexibility (27%).

ERP Statistics 2023: Manufacturing Industry

1. ERP implementation reduces the inventory cost by 11% on average. Best-in-class manufacturing companies reduced their inventory costs by 22%.

1. 74% of manufacturing companies employed cross-functional teams to choose and manage the ERP implementation.

1. 71% of manufacturing companies using ERP solutions have standardized cash processes vs. 36% of companies with no ERP.

ERP Statistics 2023: The Challenges to ERP Implementation

1. 72% of organizations say inadequate sponsorship is the biggest barrier to ERP implementation.

1. 69% of organizations say process change is the most difficult aspect of ERP implementation.

1. Only 59% of organizations (up from 40% in 2021) were able to complete ERP projects on budget.

What Do These ERP Statistics Mean for Your Enterprise?

The statistics identified in this report reflect the state of ERP across all organizations. It informs you about the possible business process improvement to expect. Plus, it outlines the most common challenges faced by organizations.

That is to say — retain these insights while writing the project scope and not repeat the mistakes of others. For instance, 78% of organizations took outside consultants’ help to assist with their ERP projects. However, most of these organizations limited the outside’s help with implementation.

Needless to say, most faced difficulties with organizational change management.

It is critical to note that the organizations that took outside help in aspects other than implementation like technology assessment and software selection were able to select systems per budget and need.

Above all, organizations must understand that ERP projects are not just an IT affair. This means that leaders must involve cross-departmental teams and consider ERP projects as a business strategy rather than an IT strategy to understand the impact of change and plan accordingly.

Moreover, many businesses wonder whether they should consider ERP if they already have reliable CRM software. However, CRM vs. ERP debate is an age-old debate. And it is best to view them as stand-alone systems unattached to each other, and one cannot be used as a substitute for the other.