Other Enterprise Software - South America

  • South America
  • In 2025, it is projected that the revenue in the Other Enterprise Software market in South America will reach a staggering amount of US$1.24bn.
  • This market is expected to show an annual growth rate (CAGR 2025-2029) of 2.90%, resulting in a market volume of US$1.39bn by 2029.
  • Looking specifically at the average Spend per Employee in the Other Enterprise Software market in South America, it is projected to reach US$5.97 in 2025.
  • When compared globally, it is expected that United States will generate the highest revenue in this market segment.
  • In 2025, United States is projected to generate an impressive US$33,510.00m in revenue.
  • The demand for Other Enterprise Software in South America is rapidly increasing as businesses seek to optimize their operations and enhance efficiency.

Key regions: South Korea, China, Canada, United States, United Kingdom

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 Other Enterprise Software market in South America has been experiencing steady growth in recent years.

Customer preferences:
South American customers have been increasingly interested in Other Enterprise Software solutions due to their ability to streamline business operations and increase efficiency. Additionally, the growing trend of remote work has led to a greater demand for software that can facilitate communication and collaboration among team members.

Trends in the market:
Brazil, the largest economy in South America, has been the primary driver of growth in the Other Enterprise Software market. The country has seen a rise in the adoption of cloud-based software solutions, which offer greater flexibility and scalability for businesses of all sizes. Argentina and Colombia have also seen significant growth in the market, with a particular focus on software solutions for the healthcare and finance industries.

Local special circumstances:
One unique aspect of the South American market is the prevalence of small and medium-sized businesses. These companies often have limited budgets and require cost-effective software solutions that can still meet their needs. As a result, there has been a rise in the popularity of open-source software in the region.

Underlying macroeconomic factors:
The growth of the Other Enterprise Software market in South America can be attributed to several macroeconomic factors. The region has seen an increase in foreign investment, particularly in the technology sector, which has led to greater innovation and competition in the market. Additionally, the rise of e-commerce and digitalization of business operations has created a greater demand for software solutions that can support these trends. Finally, the COVID-19 pandemic has accelerated the adoption of remote work and digital communication, further driving the growth of the Other Enterprise Software market in South America.

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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