ERP Statistics
- 81% of organizations are either in the process of implementing ERP software or have completed implementation.
- 14% of organizations are in the process of selecting software.
- 5% are in the process of upgrading software.
REASONS FOR IMPLEMENTING ERP:
- 49% Replace out-of-date ERP software.
- 16% Replace homegrown systems.
- 15% Replace accounting software.
- 20% Replace non-ERP systems / had no true system.
The above are statistics number released by Panorma Consulting Solutions. It is very clear that ERP solution is making lot of noise in the corporate doors, the statistics from the vendor point of view is quite different.
The top 5 ERP vendors have more than 70% market share. 74.1% of ERP projects exceed budget.
This makes it quite unique as rest of the ERP vendor compete for 30% of the market share. Even though, these vendors provide within budget solutions to companies, however there is still reluctance from the corporate to accept them. Kindly refer the article name “Global vs Local ERP“ for more information.
BrainSphere IT Solutions is a local software solution provider in Dubai, UAE that offers both global and custom-made ERP solutions.