Enterprise Resource Planning Software - South America

  • South America
  • In 2025, the Enterprise Resource Planning Software market in South America is anticipated to generate a revenue of US$1.24bn.
  • It is expected to exhibit a compound annual growth rate (CAGR 2025-2029) of 4.35%, resulting in a market volume of US$1.47bn by 2029.
  • The average Spend per Employee in this market segment is projected to reach US$5.94 in 2025.
  • In terms of global comparison, United States is forecasted to generate the highest revenue with US$27,820.00m in 2025.
  • In South America, the demand for Enterprise Resource Planning Software has been steadily increasing as businesses seek to streamline their operations and improve efficiency.

Key regions: United Kingdom, China, Australia, Canada, United States

Market
Region
Region comparison
Currency

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

in trillion USD (US$)

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Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

Most recent update: Jul 2024

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Technology

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Key Players

in percent

2022
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Most recent update: Mar 2024

Source: Statista Market Insights

Analyst Opinion

The Enterprise Resource Planning Software market in South America has been experiencing a steady growth in recent years.

Customer preferences:
South American businesses are increasingly realizing the importance of Enterprise Resource Planning (ERP) software in streamlining their operations and increasing efficiency. Many companies are opting for cloud-based ERP solutions that offer flexibility, scalability, and cost-effectiveness. Additionally, there is a growing demand for ERP software that can integrate with other business software applications such as Customer Relationship Management (CRM) and Supply Chain Management (SCM) systems.

Trends in the market:
Brazil, Argentina, and Chile are the largest ERP markets in South America, with Brazil accounting for the majority of the market share. However, other countries such as Colombia and Peru are also experiencing significant growth in their ERP markets. One of the major trends in the South American ERP market is the increasing adoption of mobile ERP solutions. With the growing trend of remote work and the need for real-time data access, mobile ERP solutions are becoming increasingly popular among South American businesses.

Local special circumstances:
One of the unique challenges facing the South American ERP market is the lack of technology infrastructure in some countries. This can make it difficult for businesses to implement ERP solutions that require high-speed internet connectivity and reliable power sources. Additionally, the high cost of ERP software and implementation can be a barrier to adoption for many small and medium-sized businesses.

Underlying macroeconomic factors:
The South American ERP market is being driven by a number of macroeconomic factors, including the growth of the manufacturing and services sectors, increasing foreign investment, and government initiatives to improve business efficiency. However, the market is also being impacted by economic and political instability in some countries, which can lead to fluctuations in demand for ERP software.In conclusion, the South American ERP market is experiencing steady growth, driven by increasing demand for cloud-based and mobile ERP solutions. While there are challenges to adoption, such as infrastructure limitations and high costs, the market is expected to continue to grow as businesses seek to improve their operational efficiency and competitiveness.

Global Comparison

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Sources: Statista Market Insights , Financial Statements of Key Players , National statistical offices

Methodology

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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