Education ERP Suites Statistics 2024 – Everything You Need to Know

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Are you looking to add Education ERP Suites to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Education ERP Suites statistics of 2024.

My team and I scanned the entire web and collected all the most useful Education ERP Suites stats on this page. You don’t need to check any other resource on the web for any Education ERP Suites statistics. All are here only 🙂

How much of an impact will Education ERP Suites have on your day-to-day? or the day-to-day of your business? Should you invest in Education ERP Suites? We will answer all your Education ERP Suites related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best Education ERP Suites Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 161 Education ERP Suites Statistics on this page 🙂

Education ERP Suites Benefits Statistics

  • Other benefits of ERP investments also include integration of data (74%), augment datasets to produce highquality data (73%), and delivering multi device, omnichannel customer experience (72%). [0]
  • Additionally, some of the perceived benefits of ERP are report automation (30%), reducing reliance on IT (25%), and higher report accuracy (21%). [0]
  • Among those change management activities, the most popular are communication plan (53.8%), customized training (53.8%), benefits realization plan (46.2%), and change management strategy (30.8%). [0]

Education ERP Suites Market Statistics

  • In 2019, the globalERP software market grew by 9%, resulting in a worldwide value of approximately $39 billion in total software revenue. [1]
  • Asia Pacific is an emerging ERP market expected to achieve acompound annual growth rate of 9.8% through 2027. [1]
  • Asia Pacific is an emerging ERP market expected to achieve a Global market growth is expected to increase at aCAGR of over 8% in the next five years. [1]
  • Another report predicted that the global ERP software market is poised to hit $97.15 billion by 2024. [0]
  • The ERP software market is expected to rebound at a CAGR of 8% from 2021 and earn a value of $181.5 billion in 2024. [0]
  • The North American market is leading the highest market share, but the Asia Pacific region was cited for having the fastest CAGR of 12.3% during the same period. [0]
  • Small and medium enterprises contribute about 8% growth to the worldwide ERP market. [0]
  • Top ERP Solutions on The Market Oracle ERP still leads the industry with a 5.78% market share. [0]
  • Due to the pandemic, the healthcare ERP market experienced a 3.9% growth from 2019 to 2020. [0]
  • The global Education ERP market size is projected to reach USD 15470 Million by 2027, from USD 8397.9 Million in 2020, at a CAGR of 9.0% during 2021. [2]
  • 20212027 K12 Education Technology market size is projected to reach USD 56490 Million by 2026, from USD 11850 Million in 2019, at a CAGR of 25.0% during 2021. [2]
  • elearning market size is projected to grow USD 370 Billion by 2026, from USD 226 Billion in 2020, at a CAGR of 8.56% during 2021. [2]
  • Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021. [2]
  • eLearning VR market size is projected to reach USD 300.3 Million by 2027, from USD 65 Million in 2020, at a CAGR of 23.8% during 2021. [2]
  • interactive whiteboard market size was valued at USD 4.29 Billion in 2020, and is projected to reach USD 7.35 Billion by 2030 to register a CAGR of 6.0% from 2021 to 2030. [2]
  • Corporate elearning market size is projected to reach USD 37160.40 Million by 2026, from USD 17245.65 Million in 2019, at a CAGR of 10.91% during 2020. [2]

Education ERP Suites Software Statistics

  • In 2019, the globalERP software market grew by 9%, resulting in a worldwide value of approximately $39 billion in total software revenue. [1]
  • When asked what went wrong during implementation, only12% of respondents noted poor quality of software. [1]
  • Manufacturing companies are the Manufacturers represented the largest portion at47% of companies looking to purchase ERP software. [1]
  • Following manufacturers, distributors (18%), services (12%) and construction (4%). [1]
  • In a survey ofcompanies looking to purchase ERP software, 89% identified accounting as the most critical ERP function. [1]
  • The biggest influencers in purchasing ERP softwarewere finance and accounting (23%) and IT department employees (23%). [1]
  • On average,26% of workersuse their company’s ERP software. [1]
  • More than half(53%). [1]
  • The downside of postmodern ERP is that it will most likely lead to an increased number of software vendors that companies will have to manage, as well as pose additional [71] List of ERP software packages Business process management ERP modeling. [3]
  • Another report predicted that the global ERP software market is poised to hit $97.15 billion by 2024. [0]
  • The ERP software market is expected to rebound at a CAGR of 8% from 2021 and earn a value of $181.5 billion in 2024. [0]
  • Latest data shows that Oracle ERP is popular among computer software companies (17%) as well as IT and services (11%). [0]
  • According to recent data, SAP Business One is a popular solution among computer software organizations (13%), and IT services companies (11%). [0]
  • Sage 100 is popular among construction firms (8%), computer software companies (8%), and the hospital and healthcare sector (65%). [0]
  • According to industry experts, the adoption of ERP software is popular among manufacturing companies (21%), banking, financial services, and insurance organizations (16%), and telecoms (13%). [0]
  • A large number of companies (44%). [0]
  • During ERP software implementation, the need to purchase additional technology is a major reason (50%). [0]

Education ERP Suites Adoption Statistics

  • According to industry experts, the adoption of ERP software is popular among manufacturing companies (21%), banking, financial services, and insurance organizations (16%), and telecoms (13%). [0]

Education ERP Suites Latest Statistics

  • In a survey of IT decision makers,53% said ERP was an investment priority, in addition to CRM. [1]
  • In a survey of IT decision makers, 50% of companiesare soon acquiring, upgrading or planning to update ERP systems soon. [1]
  • In a 2019 survey,67% of distributors and manufacturersdescribed their implementations as successful or very successful. [1]
  • When asked what went wrong during implementation, only After ERP implementation,49% of companies said they improved all business processes. [1]
  • Only 5% of business said they didn’t see any improvement. [1]
  • After ERP implementation, A 2020 report found that93% of organizationsreport their ERP projects as successful. [1]
  • Regarding implementation,minor customization was needed by 10% of respondents, some customization was needed by 33% and significant customization was needed by 37%. [1]
  • Regarding implementation, For a group of companies that underwent ERP implementation, nearly half(49%). [1]
  • Expansion of the initial project scope was the Nearlyone third of companies communicate about ERP implementationbefore selecting the product, 56% do it during the selection process and 13% share information right before going live. [1]
  • ERP implementation led tobusiness process improvement for 95% of businesses. [1]
  • In a study of companies implementing ERP, 85% had a projected timeline for ROI. [1]
  • Of that group,82% achieved ROI in their expected time. [1]
  • Thetop three business goalscited for implementation are achieving cost savings (46%), better performance metrics (46%) and improved efficiencies in business transactions (40%). [1]
  • When asked to selectareas where ERP produced ROI, the top three answers were reduced IT costs (40%), reduced inventory levels (38%) and reduced cycle time (35%). [1]
  • the cost of owning an ERP system is approximately3 5% of annual revenue. [1]
  • For large companies — revenue over $1 billion — the cost of owning an ERP system is2 3% of annual revenue. [1]
  • Other responses included inventory and distribution (67%), CRM and sales (33%) and technology (21%). [1]
  • In a survey of 84% of ERP users had an expected ERP spend of less than2% of annual income. [1]
  • 84% of ERP users had an expected ERP spend of less than 40% of companiesidentified better functionality as their primary reason for implementing an ERP system. [1]
  • In an IDC survey of small businesses with 50–99 employees, 58% supported investing in cloud and hosted solutions. [1]
  • ERP systems are an important investment and should be a top priority, according to53% of IT decision makersin a recent survey. [1]
  • Forrester Research estimates that 2020 cloud subscriptions for business applications accounted for The same study found that cloud based ERP systems had a 21% enterprise application growth rate in the public cloud in 2018. [1]
  • By 2024, An international survey of ERP users indicated64% of companies use SaaS, 21% use cloud ERP and only 15% using on. [1]
  • An international survey of ERP users indicated Cloud deployments account for 44%of all implementations for survey respondents in manufacturing and distribution. [1]
  • According to a Gartner report, by 2024,65% of CIOspredict that artificial intelligence will be integrated into ERP systems. [1]
  • According to a Gartner report, by 2024, 53% of UK CIO’sare looking for more intelligent ERP systems that include technology like machine learning, AI and automation. [1]
  • CIO’s listed 15% percent of organizationsplan to increase their Internet of Things budget. [1]
  • A broader move to more personalization across ERP systems leads82% of UK CIO’sto choose ERP systems with some customization or use UI overlays. [1]
  • A broader move to more personalization across ERP systems leads About80% of IT developerssay AI and machine learning will replace a considerable amount of ERP processes soon. [1]
  • Yet only10 percent of CIOsreported that AI and machine learning are a core part of their ERP. [1]
  • Yet only A 2018 survey in the UK found that53% of IT. [1]
  • A 2018 survey in the UK found that 75% of CIOssay they are leveraging their ERP to engage customers in real time. [1]
  • found that50% fail the first time around. [1]
  • Implementation can take30% longer than anticipated. [1]
  • 51% of companies experience operational disruptionwhen. [1]
  • ERP Implementation 93% of organizations report their ERP projects as successful Return on Investment 95% of companies saw process improvement from ERPs. [1]
  • 1 Manufacturing companies are the most likely adopters of ERP Cloud Technology. [1]
  • 53% of enterprises with ERP use cloud. [1]
  • 85% of IT developers say AI and machine learning will replace business processes. [1]
  • With AI, up to 96% of transactions can be automated. [4]
  • All workers are classified into one of 867 detailed occupations according to their occupational definition. [5]
  • The projected percent change in employment from 2020 to 2030. [6]
  • The average growth rate for all occupations is 8 percent. [6]
  • The percent change of employment for each occupation from 2020 to 2030. [6]
  • 27% of the companies survey had a fully operational system, 12% were at that time rolling out a system and 26% had an existing ERP system which they were extending or upgrading.[68]. [3]
  • Moreover, experts say that the ERP industry is experiencing a CAGR of 9.8% between 2020 to 2027. [0]
  • While on premise deployment is still popular among companies, cloud ERP is expected to grow at a CAGR of 11.9% between 2020 and 2027. [0]
  • It was valued at around $44.83 billion in 2020 and is poised to grow at a CAGR of 15.6%. [0]
  • It is also popular across companies of various sizes, such as small businesses (24%), medium sized enterprises (40%), and large corporations (36%). [0]
  • In 2021, Oracle reported revenues of $10 billion, which is 3% more than the previous year. [0]
  • SAP clients include around 92% of the Forbes Global 2000. [0]
  • Additionally, 64% of SAP’s large enterprise clients are considered part of the critical infrastructure. [0]
  • For instance, Fusion ERP grew 30% during the first quarter of 2021. [0]
  • NetSuite ERP also recorded a 24% growth during the same period. [0]
  • It is expected to expand at a CAGR of 6.6% from 2021 to 2028. [0]
  • According to independent research, about 58% of healthcare ERP developers were already integrating artificial intelligence in their products. [0]
  • Among the functionalities of healthcare ERP, billing and finance segments accounted for the largest revenue share at 30%. [0]
  • For example, the Indian educational company BYJU’S, saw a 150% increase in new users since the pandemic began. [0]
  • More than 55% of retail companies will implement hybrid deployments of ERP systems. [0]
  • 31.6% of project team members and decision makers are very satisfied with their ERP systems. [0]
  • However, 21.1% also report that they are not happy with their current ERP. [0]
  • Close to 50% of companies were planning to or were already implementing an ERP system or an upgrade to their old one. [0]
  • 69% of private organizations say that the pandemic is accelerating their digital transformation, which includes adopting ERP solutions. [0]
  • Additionally, 43% of private companies are already planning their digital transformation strategy within the next year or so. [0]
  • 25% of finance leaders say that they prioritize capability fit when choosing an ERP solution. [0]
  • Other considerations include extensibility (15%), user experience (15%), and total cost of ownership (15%). [0]
  • With the availability of cloud technology, 53.1% of companies choose cloud ERP solutions, with the rest sticking with on. [0]
  • Additionally, 46% of companies choose private cloud solutions, while 12% consider public cloud technology. [0]
  • Among those using cloud deployment, a large majority (76.5%). [0]
  • Of those with on premise ERP solutions, 80% host them internally while the rest are paying for external infrastructure. [0]
  • More than half of companies (53%). [0]
  • For companies implementing ERP solutions, 32.1% use the big bang approach where they deploy the entire system through on project phase. [0]
  • Companies hire them for their expertise in ERP implementation (81%), business process management (42.9%), organizational change management (33.33%), and project auditing (28.6%). [0]
  • Before the pandemic, around half of private companies say they spend more than 5% of their revenue on technology and similar solutions. [0]
  • In 2020, businesses surpassed their original ERP budgets by 18%. [0]
  • 40% of professionals said that their job entails overseeing the use of ERP systems like NetSuite, Workday, or SAP. [0]
  • Around 95% of emerging businesses and startups were already using some form of ERP or planning to. [0]
  • ERP solutions minimized operational spending by around 11%. [0]
  • It also helps SMEs standardized their back end processes by 77%. [0]
  • Additionally, ERP systems reduced decision making time by more than 35%. [0]
  • Just like their larger counterparts, 50% of SMEs suffer from overbudgeting. [0]
  • As many as 35.5% of companies are looking to upgrade their ERP systems, and another 32.3% are planning to shift away from legacy solutions. [0]
  • 50% of organizations that implemented some form of ERP said that they have improved most of their business processes. [0]
  • Another 43.8% reported that they have improved key business processes as well. [0]
  • Among the enterprises that completed their ERP project, 91.7% say that the overall results are successful. [0]
  • Among the companies that implemented ERP, about 82% said that they achieved ROI in time. [0]
  • For 29% of companies, ERP systems serve as the primary enabler that bridges functional silos and business processes. [0]
  • 80% of companies reported that their ERP solutions allow them to create new applications that take advantage of business logic and data from other departments. [0]
  • Almost the same number (79%). [0]
  • Another 32% are already using advanced technology. [0]
  • Up to 38% of organizations said that ERP solutions enhanced their ability to cater to the ever. [0]
  • Another 34% say that it helps them adapt to digital disruptors. [0]
  • Additionally, 75% of enterprises reported that ERP helps them engage with customers in real. [0]
  • Around 40% of organizations said that their current ERP implementation is inflexible, so they are using another layer of UI to create a better customer experience. [0]
  • After implementing an ERP solution, 45% of companies found it easy to access customer and enterprise data for timely decision. [0]
  • Up to 39% of enterprises said that they develop their custom APIs to extract and transform their data from their ERP. [0]
  • Around 85% of organizations revealed that a new ERP is urgent. [0]
  • However, 40% of companies mistakenly expect that cloud ERP will automatically improve their financial reporting. [0]
  • Up to 53% are preparing for the SAP ECC endof. [0]
  • 82% of companies expect their new ERP strategy to have a positive result when it comes to quality. [0]
  • Almost half (48%). [0]
  • About 33% were still focusing on their shift from on premise to the cloud. [0]
  • Still, 44% of stakeholders were not sure about their companies’ plans to move to cloud ERP. [0]
  • Another 25% said that there’s no plan to move to the cloud. [0]
  • Many companies are still wary of cloud ERP systems due to the risk of data loss (26.7%), risk of a security breach (26.7%), and lack of knowledge about available solutions (20%). [0]
  • That’s why 53.8% of enterprises moderately focus on change management to prepare their members. [0]
  • Surprisingly, according to decision makers, the technical aspect of ERP systems is the easiest, with only 8% of them finding it difficult. [0]
  • On the other hand, 33.3% said that the most difficult part is the organizational change, which deals with people within the company. [0]
  • Similarly, organizational issues (26.7%), expansion of project scope (20%), and data issues (20%). [0]
  • Almost 50% of ERP projects fail on their first try. [0]
  • Around 30% of ERP projects take longer than expected. [0]
  • SMEs invested a huge part of their budget on ERP projects, and many faced risks and challenges such as customization (40%), training (39%), cost of upgrades (33%), and the lack of flexibility (28%). [0]
  • According to experts, the top barriers to implementation were resistance to change (82%), lack of sponsorship (72%), unrealistic expectations (65%), and bad project management (54%). [0]
  • Only 8% of IT directors said that their new ERP system is easy to use. [0]
  • 93% of IT directors and finance managers believe that ERP implementation is critical to their operations. [0]
  • The Cloud ERP Market to Grow at 10 Percent CAGR by 2025, Says Beroe Inc. Cybrosys. [0]
  • 40% of Organizations Mistakenly Believe Cloud ERP will Automatically Result in Faster Financial Reporting. [0]
  • Please view the individual activities to see which continuing education credits are offered.40% Discount on Publications and. [7]
  • The Association’s ERP members enjoy an exclusive 40% savings on all our consumer and professional titles including the Life with Diabetes curriculum. [7]
  • We are happy to announce the “How to Thrive A Guide for Your Journey with Diabetes” booklets are now available for purchase in packets of 25 at the ERP 40% discounted rate of less than $10!. [7]
  • Recognized Education Programs can now order publications online and receive the ERP 40% discount!. [7]
  • Education ERP Market to Reach USD 15470 Million by 2027 at a CAGR of 9% – Valuates Reports. [2]
  • ERP Market size is projected to reach USD 63600 Million by 2027, from USD 42140 Million in 2020, at a CAGR of 5.6% during 2021. [2]
  • Financial accounting functionality is the outlier, with 84% of buyers desiring this particular feature. [8]

I know you want to use Education ERP Suites, thus we made this list of best Education ERP Suites. We also wrote about how to learn Education ERP Suites and how to install Education ERP Suites. Recently we wrote how to uninstall Education ERP Suites for newbie users. Don’t forgot to check latest Education ERP Suitesstatistics of 2024.

Reference

  1. financesonline – https://financesonline.com/erp-software-statistics/.
  2. netsuite – https://www.netsuite.com/portal/resource/articles/erp/erp-statistics.shtml.
  3. prnewswire – https://www.prnewswire.com/in/news-releases/education-erp-market-to-reach-usd-15470-million-by-2027-at-a-cagr-of-9-valuates-reports-888384172.html.
  4. wikipedia – https://en.wikipedia.org/wiki/Enterprise_resource_planning.
  5. oracle – https://www.oracle.com/erp/.
  6. bls – https://www.bls.gov/soc/.
  7. bls – https://www.bls.gov/ooh/computer-and-information-technology/computer-systems-analysts.htm.
  8. diabetes – https://professional.diabetes.org/diabetes-education.
  9. softwareadvice – https://www.softwareadvice.com/erp/.

How Useful is Education Erp Suites

One of the key benefits of Education ERP suites is the streamlining of administrative processes. With features such as student information management, attendance tracking, and academic planning, these suites help in automating tasks that would otherwise be time-consuming and prone to errors. This not only frees up staff time for other important tasks but also ensures a higher level of accuracy and transparency in the school’s operations.

In addition, Education ERP suites also aid in enhancing communication and collaboration within the institution. With features like student and parent portals, messaging systems, and collaborative tools, these suites promote better interaction between students, teachers, and administrators. This leads to improved student engagement, more personalized learning experiences, and ultimately better academic outcomes.

Furthermore, Education ERP suites provide valuable insights through analytics and reporting capabilities. These tools allow administrators to track and analyze various aspects of the school’s performance, identify trends, and make data-driven decisions. This not only facilitates better resource allocation but also helps in assessing the effectiveness of educational programs and interventions.

Another key advantage of Education ERP suites is their ability to promote institutional effectiveness and compliance. By centralizing all data and processes in one system, these suites ensure consistency and standardization across the institution. This, in turn, helps in meeting regulatory requirements, improving accountability, and minimizing risks associated with data breaches and non-compliance.

However, despite these benefits, the usefulness of Education ERP suites may vary depending on the unique needs and capabilities of each educational institution. Implementing and maintaining an ERP system can be a complex and costly endeavor, requiring significant investment in terms of time, resources, and expertise. For smaller institutions with limited budgets and IT infrastructure, the upfront costs and ongoing maintenance may outweigh the potential benefits.

Additionally, the success of an Education ERP implementation often hinges on the willingness and ability of staff to adapt to change and effectively utilize the system. Without proper training and support, the full potential of the suite may not be realized, leading to underutilization and frustration among users.

Furthermore, Education ERP suites are not a one-size-fits-all solution. Each institution has its own unique needs and challenges, and it is important to carefully evaluate whether a particular suite aligns with their goals and objectives. Customization options may be limited, and certain features may not fully address specific requirements, necessitating additional investments in third-party integrations or custom development.

In conclusion, while Education ERP suites offer a wide range of benefits in terms of efficiency, collaboration, insights, and compliance, their usefulness ultimately depends on various factors such as institutional size, resources, readiness for change, and alignment with specific needs. Careful consideration and thorough evaluation are essential before embarking on an ERP implementation journey. Only through a strategic and well-informed approach can educational institutions ensure that their investment in an ERP suite pays off in the long run.

In Conclusion

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