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Enterprise Resource Planning Software - Argentina

Argentina

Revenue in the Enterprise Resource Planning Software market is projected to reach US$69.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -0.57%, resulting in a market volume of US$68.09m by 2028.
The average Spend per Employee in the Enterprise Resource Planning Software market is projected to reach US$3.21 in 2024.
In global comparison, most revenue will be generated in the United States (US$26,440.00m in 2024).

Key regions: Australia, South Korea, China, United States, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The Enterprise Resource Planning Software market has been growing steadily in Argentina over the past few years.

Customer preferences: Argentinian companies have been increasingly adopting Enterprise Resource Planning Software to streamline their business operations and increase efficiency. This has been driven by the need to compete in a global market and to keep up with the latest technological advancements. Companies are looking for software that is easy to use, customizable, and can integrate with other systems.

Trends in the market: One trend that has been observed in the Argentinian ERP market is the growing popularity of cloud-based solutions. This is due to the lower upfront costs and the ability to access the software from anywhere with an internet connection. Another trend is the increasing demand for mobile access to ERP systems, as companies are looking for ways to stay connected while on the go.

Local special circumstances: Argentina has a large number of small and medium-sized enterprises (SMEs), which make up a significant portion of the country's economy. These companies have been increasingly adopting ERP software to help them compete with larger companies and to improve their business operations. However, many SMEs in Argentina still have limited budgets and are looking for affordable solutions that can provide them with the functionality they need.

Underlying macroeconomic factors: Argentina has been experiencing economic instability in recent years, with high inflation rates and currency fluctuations. This has led to a challenging business environment, with many companies struggling to stay afloat. However, the adoption of ERP software has helped companies to improve their operations and become more efficient, which has allowed them to weather the economic storm. As the economy stabilizes, it is expected that more companies will invest in ERP software to help them grow and compete in the global market.

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.