Enterprise Software - South America

  • South America
  • In 2025, the revenue in the Enterprise Software market in South America is projected to reach US$7.05bn.
  • Among the various software categories, Customer Relationship Management Software dominates the market with a projected market volume of US$2.19bn in the same year.
  • It is expected that the revenue will show an annual growth rate of 6.91% (CAGR 2025-2029), resulting in a market volume of US$9.21bn by 2029.
  • Furthermore, the average Spend per Employee in the Enterprise Software market is projected to reach US$33.88 in 2025.
  • In a global comparison, United States is expected to generate the highest revenue, reaching US$159.40bn in 2025.
  • In South America's enterprise software market, Brazil dominates with its robust ecosystem and growing adoption of cloud-based solutions.

Key regions: France, United Kingdom, Australia, Canada, South Korea

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 Software market in South America is a rapidly growing industry that has been gaining traction in recent years.

Customer preferences:
South American customers are increasingly demanding enterprise software solutions that can provide them with greater efficiency, productivity, and cost savings. This has led to a rise in demand for cloud-based software solutions that can be accessed from anywhere, as well as mobile applications that can be used on-the-go. Additionally, customers are seeking software solutions that can be easily integrated with existing systems and that offer customizable features to meet their specific needs.

Trends in the market:
One of the biggest trends in the South American Enterprise Software market is the increasing adoption of cloud-based solutions. This is due to the many benefits that cloud-based software provides, such as scalability, flexibility, and cost-effectiveness. Another trend in the market is the rise of artificial intelligence and machine learning technologies, which are being used to develop more advanced and intelligent software solutions. Additionally, there is a growing demand for software solutions that can help businesses with digital transformation initiatives, such as automation and data analytics.

Local special circumstances:
Each country in South America has its own unique set of circumstances that impact the Enterprise Software market. For example, Brazil has a large and rapidly growing technology industry, which has helped to drive the growth of the Enterprise Software market in the country. Argentina, on the other hand, has a highly skilled workforce and a strong focus on innovation, which has led to the development of many cutting-edge software solutions. In Chile, there is a growing demand for software solutions that can help businesses with sustainability initiatives, such as reducing energy consumption and minimizing waste.

Underlying macroeconomic factors:
There are several macroeconomic factors that are driving the growth of the Enterprise Software market in South America. One of the most important factors is the increasing adoption of technology across all industries, as businesses seek to stay competitive in an increasingly digital world. Additionally, there is a growing middle class in many South American countries, which is driving demand for software solutions that can help businesses to better serve this demographic. Finally, many South American countries are investing heavily in infrastructure development, which is creating new opportunities for software providers to offer solutions that can help businesses to manage these projects more efficiently.

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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