Enterprise Resource Planning Software - Argentina

The projected revenue for the Enterprise Resource Planning Software market in Argentina is expected to reach US$69.84m in 2024.
This forecast indicates a potential annual growth rate (CAGR 2024-2029) of 0.52%, leading to a market volume of US$71.67m by 2029.
Additionally, the average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$3.21 in 2024.
When considering the global market, it is worth noting that United States is expected to generate the highest revenue, amounting to US$26.70bn in 2024.
In Argentina, the market for Enterprise Resource Planning Software is experiencing a significant growth due to the increasing demand for efficient and integrated business management systems.

Definition:

The Enterprise Resource Planning (ERP) Software market covers software applications that support organizations in managing, integrating, and optimizing important business activities related to resources such as people, finance, capital, materials, and orders. These software applications help organizations to streamline their internal business processes, increase efficiency, and make more informed decisions.

Products in the Enterprise Resource Planning Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Enterprise Resource Planning Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include SAP, Intuit Inc., Oracle, Infor, and Sage.

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Financial applications, such as QuickBooks, Oracle NetSuite, and Xero
Asset management applications, such as Asset Panda, ManageEngine AssetExplorer, and GoCodes
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Resource planning, such as Smartsheet, Float, and Hub Planner

SCM Software, such as Anvyl, Tada, and Magaya Supply Chain
BI software, such as Microsoft Power BI, SAS Business Intelligence, and MicroStrategy
CRM software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM

The Enterprise Resource Planning Software market has been growing steadily in Argentina over the past few years.

Customer preferences: Argentinian companies have been increasingly adopting Enterprise Resource Planning Software to streamline their business operations and increase efficiency. This has been driven by the need to compete in a global market and to keep up with the latest technological advancements. Companies are looking for software that is easy to use, customizable, and can integrate with other systems.

Trends in the market: One trend that has been observed in the Argentinian ERP market is the growing popularity of cloud-based solutions. This is due to the lower upfront costs and the ability to access the software from anywhere with an internet connection. Another trend is the increasing demand for mobile access to ERP systems, as companies are looking for ways to stay connected while on the go.

Local special circumstances: Argentina has a large number of small and medium-sized enterprises (SMEs), which make up a significant portion of the country's economy. These companies have been increasingly adopting ERP software to help them compete with larger companies and to improve their business operations. However, many SMEs in Argentina still have limited budgets and are looking for affordable solutions that can provide them with the functionality they need.

Underlying macroeconomic factors: Argentina has been experiencing economic instability in recent years, with high inflation rates and currency fluctuations. This has led to a challenging business environment, with many companies struggling to stay afloat. However, the adoption of ERP software has helped companies to improve their operations and become more efficient, which has allowed them to weather the economic storm. As the economy stabilizes, it is expected that more companies will invest in ERP software to help them grow and compete in the global market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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