Other Enterprise Software - Argentina

The Other Enterprise Software market in Argentina is expected to achieve a revenue of US$45.37m by the year 2024.
It is projected to display an annual growth rate (CAGR 2024-2029) of -7.75%, resulting in a market volume of US$30.32m by 2029.
Furthermore, the average Spend per Employee in the Other Enterprise Software market is estimated to reach US$2.08 in 2024.
In a global context, United States is anticipated to generate the highest revenue, amounting to US$32.46bn in the year 2024.
Argentina has seen a surge in demand for other enterprise software, with companies increasingly adopting innovative solutions to enhance their operational efficiency.

Definition:

The Other Enterprise Software market covers aggregated revenues for the types of enterprise software that are not specifically mentioned in the other subsegments Enterprise software segment. These include, for example, Project Management Software, Product Life Cycle Management Software, and Production and Operation Software.

Products in the Other Enterprise 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 Other Enterprise 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, Oracle, Atlassian, and ServiceNow.

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Content applications, such as Adobe Experience Manager, Semrush, and HubSpot
Performance management applications, such as PerformYard, Workday, and Monday
Workforce management software, such as ADP Workforce Now, BambooHR, and Zoho People

Enterprise resource planning software, such as Odoo, SAP Business One, NetSuite, and Microsoft Dynamics 365
Customer relationship management software, such as Salesforce Sales Cloud, Monday sales CRM, and HubSpot CRM
Business intelligence software, such as Toast, Heap, and insightsoftware
Supply chain management software, such as Anvyl, Tada, and Magaya Supply Chain
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Other Enterprise Software market in Argentina has been experiencing significant growth in recent years.

Customer preferences: Argentinian businesses are increasingly recognizing the benefits of utilizing Other Enterprise Software to streamline their operations and improve efficiency. This trend is driven by the need to keep up with global competition and the desire to reduce costs.

Trends in the market: One of the key trends in the Other Enterprise Software market in Argentina is the increasing adoption of cloud-based solutions. This is due to the many benefits that cloud-based software provides, including lower upfront costs, greater scalability, and easier access to data. Additionally, there has been a rise in the use of mobile devices in the workplace, which has led to an increased demand for mobile-friendly software solutions.

Local special circumstances: Argentina has a large number of small and medium-sized businesses, which make up the majority of the country's economy. These businesses often have limited resources and are therefore looking for cost-effective solutions to help them improve their operations. This has led to a growing demand for affordable Other Enterprise Software solutions that can help these businesses compete with larger companies.

Underlying macroeconomic factors: Argentina has experienced significant economic challenges in recent years, including high inflation and a volatile currency. These challenges have made it difficult for businesses to invest in expensive software solutions, which has led to an increased demand for cost-effective alternatives. Additionally, the country's government has implemented policies to promote the adoption of technology, which has helped to drive growth in the Other Enterprise Software market.In conclusion, the Other Enterprise Software market in Argentina is experiencing significant growth due to the increasing adoption of cloud-based solutions, the rise of mobile devices in the workplace, and the growing demand for cost-effective solutions among small and medium-sized businesses. These trends are being driven by the need to keep up with global competition and the challenges of operating in a volatile economic environment.

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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