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Key regions: France, South Korea, Germany, United Kingdom, Netherlands
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
Administrative Software market in South America has been experiencing significant growth in recent years. The market has been driven by several factors, including the increasing demand for cloud-based solutions, the need for automation and streamlining of business processes, and the growing adoption of mobile devices.
Customer preferences: South American businesses are increasingly looking for administrative software solutions that can help them automate and streamline their business processes. This is especially true for small and medium-sized businesses that are looking to reduce costs and increase efficiency. Additionally, there is a growing demand for cloud-based solutions, as businesses are looking for more flexible and cost-effective solutions that can be accessed from anywhere.
Trends in the market: One of the major trends in the South American administrative software market is the growing adoption of mobile devices. Many businesses are now using mobile devices to access administrative software solutions, which has led to the development of mobile-first solutions. Additionally, there is a growing trend towards the integration of administrative software with other business applications, such as CRM and ERP systems, to provide a more comprehensive solution.
Local special circumstances: The South American market is highly diverse, with different countries having different levels of economic development and different business cultures. This has led to the development of different types of administrative software solutions, tailored to the specific needs of each country. For example, in Brazil, there is a strong demand for financial management software, while in Argentina, there is a greater focus on inventory management.
Underlying macroeconomic factors: The South American market is characterized by a rapidly growing economy, with many countries experiencing strong GDP growth rates. This has led to a growing demand for administrative software solutions, as businesses look to take advantage of new opportunities and expand their operations. Additionally, there is a growing trend towards the adoption of cloud-based solutions, which is being driven by the need for more flexible and cost-effective solutions. Finally, the increasing adoption of mobile devices is also driving the growth of the market, as businesses look for solutions that can be accessed from anywhere.
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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