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Key regions: Netherlands, Germany, Australia, Canada, France
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$)
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
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 percent
Most recent update: Mar 2024
Source: Statista Market Insights
The demand for Supply Chain Management Software (SCMS) in South America has been on the rise in recent years.
Customer preferences: Businesses in South America are increasingly relying on SCMS to optimize their supply chain operations. The software allows companies to track inventory, manage logistics, and streamline operations, resulting in improved efficiency and cost savings. Additionally, there is a growing demand for cloud-based SCMS solutions as they offer greater flexibility and scalability.
Trends in the market: Brazil is the largest market for SCMS in South America, followed by Mexico and Argentina. The demand for SCMS in Brazil is being driven by the country's large manufacturing sector, which is expanding rapidly. In Mexico, the growth of the e-commerce industry is fueling demand for SCMS, as businesses seek to improve their logistics operations to meet the needs of online shoppers. In Argentina, the adoption of SCMS is being driven by the country's efforts to modernize its supply chain infrastructure.
Local special circumstances: One of the challenges facing the SCMS market in South America is the relatively low level of technology adoption in some countries. This has led to a shortage of skilled professionals who can implement and maintain SCMS systems. Additionally, there are concerns about the high cost of implementing SCMS solutions, which can be a barrier to adoption for some businesses.
Underlying macroeconomic factors: The growth of the SCMS market in South America is being driven by a range of macroeconomic factors. These include the region's expanding manufacturing sector, the growth of e-commerce, and the increasing focus on supply chain optimization. Additionally, the adoption of cloud-based SCMS solutions is being driven by the region's increasing connectivity and the growing availability of cloud infrastructure. Despite these positive factors, the SCMS market in South America is also subject to a range of risks, including political instability, currency fluctuations, and economic downturns.
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
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.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.
Source:
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