In this paper we study a system of delay differential equations from the viewpoint of a finite time blow-up of the solution. We prove that the system admits blow-up solutions, no matter how small the length of the delay is. In the non-delay system every solution approaches to a stable unit circle in the plane, thus time delay induces blow-up of solutions, which we call “delay-induced blow-up” phenomenon. Furthermore, it is shown that the system has a family of infinitely many periodic solutions, while the non-delay system has only one stable limit cycle. The system studied in this paper is an example that arbitrary small delay can be responsible for a drastic change of the dynamics. We show numerical examples to illustrate our theoretical results.