Market Insights Technology Software Enterprise Software

Business Intelligence Software - Argentina

Argentina

Revenue in the Business Intelligence Software market is projected to reach US$36.74m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.72%, resulting in a market volume of US$37.81m by 2028.
The average Spend per Employee in the Business Intelligence Software market is projected to reach US$1.69 in 2024.
In global comparison, most revenue will be generated in the United States (US$13,790.00m in 2024).

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

Market

Region

Region comparison

Currency

Analyst Opinion

The popularity of Business Intelligence Software in Argentina has been on the rise in recent years.

Customer preferences: Argentinian businesses are increasingly looking for ways to streamline their operations and improve decision-making processes. Business Intelligence Software provides a solution to these needs by offering real-time data analysis and reporting tools. Companies are also looking for software that can be customized to their specific needs and can integrate with existing systems.

Trends in the market: One trend in the Argentinian Business Intelligence Software market is the increasing adoption of cloud-based solutions. This allows companies to access data and analytics from anywhere, at any time, and reduces the need for expensive hardware and IT support. Another trend is the use of Artificial Intelligence (AI) and Machine Learning (ML) to automate data analysis and provide more accurate insights.

Local special circumstances: Argentina has a large and diverse economy, with many businesses operating in industries such as manufacturing, agriculture, and finance. This means that Business Intelligence Software providers need to offer solutions that cater to the specific needs of these industries. Additionally, the country has a highly educated workforce, which is driving demand for software that is easy to use and can be quickly integrated into existing workflows.

Underlying macroeconomic factors: Argentina has experienced significant economic challenges in recent years, including high inflation and currency devaluation. This has led to a focus on cost-cutting and efficiency measures, which has increased demand for Business Intelligence Software. Additionally, the COVID-19 pandemic has accelerated the adoption of remote working and digital solutions, which has further boosted demand for cloud-based Business Intelligence Software.

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.