Summary

Latin America ERP Software Market Growth & Trends

The Latin America ERP software market size is expected to reach USD 5.15 billion by 2030, registering a CAGR of 13.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. ERP applications have helped many large-scale organizations to bring clarity and visibility into their business. With rapidly growing small and medium enterprises (SMEs) and the adoption of evolving technology demand in SMEs is expected to grow over the forecast period. Furthermore, rising awareness among small & medium enterprises (SMEs) and increasing need for business process efficiency and transparency aid the market growth over the forecast period.

SMEs have been facing various barriers to the adoption of this technology because of the expensive and less user-friendly nature of the software. Many SMEs in Brazil, Mexico, Chile, and Peru are still using old IT systems to operate their business. There is a growing need for the adoption of upcoming IT systems to sustain in the competitive market. enterprise resource planning software helps the operation of core business processes including sales & distribution, supply chain management, accounting, financial control, and HR, which is expected to propel demand from various SMEs.

The cloud deployment segment is expected to witness a significant growth rate, due to its growing adoption, although the on-premise deployment segment is anticipated to dominate the market (in terms of size) by 2025. Cloud-based applications reduce IT infrastructure costs leading to the adoption of cloud-based applications among enterprises. The investment in cloud-connected mobile applications has increased as mobile owing to the growing penetration of Bring Your Own Device (BYOD) among the organizations. The vendors are developing cloud-based solutions that can be accessed via mobile platforms such as tablets and smartphones expected to influence the Latin America ERP software market growth further.

Latin America ERP Software Market Report Highlights

• One of the major factors expediting market growth are the evolution of enterprise software and workplace automation industry practices in the Latin America marketplace.

• Increasing investment in manufacturing coupled with rising demand for industry dedicated software is expected to propel growth over the forecast period.

• Brazil region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2022

• In Mexico growth is driven by increasing vehicle and parts production particularly in the states of Aguascalientes, Guanajuato, and San Luis Potosi

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Table of Contents

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Function
1.1.2. Deployment
1.1.3. End user
1.1.4. Vertical
1.1.5. Regional scope
1.1.6. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Function outlook
2.2.2. Deployment outlook
2.2.3. End user outlook
2.2.4. Vertical outlook
2.2.5. Regional outlook
2.3. Competitive Insights
Chapter 3. Latin America ERP Software Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market driver analysis
3.3.2. Market restraint analysis
3.3.3. Market opportunity analysis
3.4. Latin America ERP Software Market Analysis Tools
3.4.1. Industry analysis - Porter’s
3.4.1.1. Supplier power
3.4.1.2. Buyer power
3.4.1.3. Substitution threat
3.4.1.4. Threat of new entrant
3.4.1.5. Competitive rivalry
3.4.2. PESTEL analysis
3.4.2.1. Political landscape
3.4.2.2. Technological landscape
3.4.2.3. Economic landscape
Chapter 4. Latin America ERP Software Market: Function Estimates & Trend Analysis
4.1. Latin America ERP Software Market: Key Takeaways
4.2. Latin America ERP Software Market: Movement & Market Share Analysis, 2022 & 2030
4.3. Finance
4.3.1. Finance market estimates and forecasts, 2017 to 2030 (USD Million)
4.4. Human resource (HR)
4.4.1. Human resource (HR) market estimates and forecasts, 2017 to 2030 (USD Million)
4.5. Supply chain
4.5.1. Supply chain market estimates and forecasts, 2017 to 2030 (USD Million)
4.6. Others
4.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Latin America ERP Software Market: Deployment Estimates & Trend Analysis
5.1. Latin America ERP Software Market: Key Takeaways
5.2. Latin America ERP Software Market: Movement & Market Share Analysis, 2022 & 2030
5.3. On-premise
5.3.1. On-premise market estimates and forecasts, 2017 to 2030 (USD Million)
5.4. Cloud
5.4.1. Cloud market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Latin America ERP Software Market: End User Estimates & Trend Analysis
6.1. Latin America ERP Software Market: Key Takeaways
6.2. Latin America ERP Software Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Large enterprises
6.3.1. Large enterprises market estimates and forecasts, 2017 to 2030 (USD Million)
6.4. Medium enterprises
6.4.1. Medium enterprises market estimates and forecasts, 2017 to 2030 (USD Million)
6.5. Small enterprises
6.5.1. Small enterprises market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Latin America ERP Software Market: Vertical Estimates & Trend Analysis
7.1. Latin America ERP Software Market: Key Takeaways
7.2. Latin America ERP Software Market: Movement & Market Share Analysis, 2022 & 2030
7.3. Manufacturing & services
7.3.1. Manufacturing & services market estimates and forecasts, 2017 to 2030 (USD Million)
7.4. BFSI
7.4.1. BFSI market estimates and forecasts, 2017 to 2030 (USD Million)
7.5. Healthcare
7.5.1. Healthcare market estimates and forecasts, 2017 to 2030 (USD Million)
7.6. Retail
7.6.1. Retail market estimates and forecasts, 2017 to 2030 (USD Million)
7.7. Government utilities
7.7.1. Government utilities market estimates and forecasts, 2017 to 2030 (USD Million)
7.8. Aerospace & defense
7.8.1. Aerospace & defense market estimates and forecasts, 2017 to 2030 (USD Million)
7.9. Telecom
7.9.1. Telecom market estimates and forecasts, 2017 to 2030 (USD Million)
7.10. Others
7.10.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 8. Latin America ERP Software Market: Estimates & Trend Analysis
8.1. Latin America ERP Software Market Estimates & Forecasts By Region, 2017 & 2030 (USD Billion)
8.2. Latin America
8.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
8.2.2. Brazil
8.2.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
8.2.3. Mexico
8.2.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
8.2.4. Chile
8.2.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
8.2.5. Peru
8.2.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 9. Competitive Landscape
9.1. Recent Developments & Impact Analysis, By Key Market Participants
9.2. Market Participant Categorization
9.2.1. Microsoft
9.2.1.1. Company overview
9.2.1.2. Financial performance
9.2.1.3. Product benchmarking
9.2.1.4. Strategic initiatives
9.2.2. IBM Corporation
9.2.2.1. Company overview
9.2.2.2. Financial performance
9.2.2.3. Product benchmarking
9.2.2.4. Strategic initiatives
9.2.3. SAP
9.2.3.1. Company overview
9.2.3.2. Financial performance
9.2.3.3. Product benchmarking
9.2.3.4. Strategic initiatives
9.2.4. Infor
9.2.4.1. Company overview
9.2.4.2. Financial performance
9.2.4.3. Product benchmarking
9.2.4.4. Strategic initiatives
9.2.5. Oracle
9.2.5.1. Company overview
9.2.5.2. Financial performance
9.2.5.3. Product benchmarking
9.2.5.4. Strategic initiatives
9.2.6. Unit4
9.2.6.1. Company overview
9.2.6.2. Financial performance
9.2.6.3. Product benchmarking
9.2.6.4. Strategic initiatives
9.2.7. NetSuite, Inc.
9.2.7.1. Company overview
9.2.7.2. Financial performance
9.2.7.3. Product benchmarking
9.2.7.4. Strategic initiatives
9.2.8. SYSPRO
9.2.8.1. Company overview
9.2.8.2. Financial performance
9.2.8.3. Product benchmarking
9.2.8.4. Strategic initiatives
9.2.9. TOTVS
9.2.9.1. Company overview
9.2.9.2. Financial performance
9.2.9.3. Product benchmarking
9.2.9.4. Strategic initiatives
9.2.10. Sage Group plc
9.2.10.1. Company overview
9.2.10.2. Financial performance
9.2.10.3. Product benchmarking
9.2.10.4. Strategic initiatives