Market Insights Technology Software Productivity Software

Administrative Software - Argentina

Argentina

Revenue in the Administrative Software market is projected to reach US$23.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of -3.66%, resulting in a market volume of US$20.03m by 2028.
In global comparison, most revenue will be generated in the United States (US$7,422.00m in 2024).

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

Market

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Analyst Opinion

Administrative software is a crucial component of any organization's operations. It is used to manage and streamline administrative tasks, such as payroll, accounting, and human resources. In Argentina, the administrative software market is experiencing steady growth due to several factors.

Customer preferences: Argentinian companies are increasingly adopting administrative software to improve their efficiency and productivity. Small and medium-sized enterprises (SMEs) are the main consumers of administrative software, as they seek to automate their administrative tasks and reduce costs. Additionally, the demand for cloud-based administrative software solutions is increasing, as they offer greater flexibility and scalability.

Trends in the market: One of the main trends in the Argentinian administrative software market is the increasing adoption of cloud-based solutions. This trend is driven by the need for greater flexibility and scalability, as well as the lower upfront costs associated with cloud-based solutions. Additionally, there is a growing demand for mobile-friendly administrative software solutions, as employees increasingly work remotely.

Local special circumstances: Argentina has a complex regulatory environment, which has led to the development of specialized administrative software solutions. For example, companies operating in the agricultural sector require software solutions that comply with the country's complex tax regulations. Additionally, the Argentinian government has implemented several initiatives to promote the adoption of administrative software among SMEs.

Underlying macroeconomic factors: Argentina has a large and growing SME sector, which is a key driver of the administrative software market. Additionally, the country's economy is gradually recovering from a period of economic instability, which has led to increased investment in technology and software solutions. However, the country's ongoing economic challenges, such as high inflation and currency fluctuations, may impact the growth of the administrative software market in the future.

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.