Market by Enterprise Size (Large Enterprises, Medium Enterprises, Small Enterprises) Deployment (On-Premise, Cloud, Hybrid) Application (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, Other Applications) Vertical (Retail, Manufacturing, Banking, Financial Services, & Insurance (BFSI), Government, IT and Telecom, Healthcare, Military and Defense, Other Verticals) and Country Outlook | Forecast 2024-2032
Triton Market Research’s report estimates the enterprise resource planning (ERP) market in Latin America to advance with a CAGR of 9.62% during the forecasting years 2024-2032.
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The enterprise resource planning market in Latin America is witnessing substantial growth, owing to increasing digital transformation initiatives and the need for integrated business processes. According to the World Bank, economic activities in the region are showing positive trends, which is boosting investments in technological infrastructure, including ERP systems. The GDP growth rate in Latin America and the Caribbean is projected to rebound in 2024, reflecting the region’s recovery from previous economic downturns and a growing emphasis on enhancing operational efficiencies across various industries. Moreover, the World Trade Organization highlights the region’s expanding trade activities, which necessitate robust enterprise resource planning solutions to manage complex supply chains and improve business agility.Â
The countries examined in the region include:Â
Mexico is a leader in the region, accounting for $650.59 million in 2023
Mexico’s GDP is projected to grow by 2.1% in 2024, according to Banco de México. This steady economic growth provides a conducive environment for investments in digital transformation, including ERP systems.Â
The government is actively supporting digitization efforts through various initiatives. For example, the Economic Information System (SIE) offers extensive data and resources to support technological advancements in businesses. This encourages companies to invest in modern enterprise resource planning solutions to keep up with digital transformation trends​.Â
Significant sectors such as manufacturing and services are experiencing a robust demand for ERP solutions. The Economic Information System highlights that sectors crucial to Mexico’s economy are progressively adopting advanced ERP solutions to optimize their operations.Â
Market Forecast for Brazil
The enterprise resource planning market’s growth in Brazil is fueled by ongoing digital transformation initiatives and economic policies aimed at enhancing productivity and efficiency. According to the World Bank, Brazil’s GDP was approximately $1.6 trillion in 2022, reflecting a growing economy that supports technological advancements and digital infrastructure improvements. Additionally, investments in the digital economy are helping drive the adoption of ERP solutions across various sectors. The ERP market’s development is further supported by the government’s focus on modernizing business processes and integrating advanced technologies to boost competitiveness.Â
The market is sectioned into application, vertical, deployment, and enterprise size. The application segment is branched into supply chain, finance, inventory management, human resource, customer management, manufacturing module, and other applications.
Supply chain management (SCM) applications encompass a range of functions designed to monitor and coordinate the movement of products from manufacturing to retail. These applications include supply chain planning, demand planning, vendor-managed inventory, supplier management, strategic sourcing, and warehouse management, among others. Enterprises utilize ERP SCM modules to streamline and simplify their supply chain processes.
The major firms listed in the market comprise IBM Corporation, IFS AB, Microsoft Corporation, Infor Inc, and Oracle Corporation.Â
International Business Machines Corporation (IBM) is a comprehensive information technology (IT) firm. IBM provides consulting, implementation, cloud and cognitive services, enterprise software and systems, and financing solutions. Its clientele spans public sectors, financial services, industry, communications, and distribution. IBM operates globally, with a presence in Latin America, and is headquartered in New York, US.
Latest from the Company:Â
In May 2023, IBM and SAP integrated IBM Watson® technology into SAP’s solutions to offer AI-driven insights for effective user experience.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the enterprise resource planning market revenue growth in Latin America and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the LA enterprise resource planning market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
Market by Technology (Data ana ..
VIEW REPORT1. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE ENTERPRISE RESOURCE PLANNING MARKET
2.1.1. COVID-19
IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. KEY
BUYING IMPACT ANALYSIS
2.3.1. COMPATIBILITY
2.3.2. COST-EFFECTIVENESS
2.3.3. EASE
OF USE
2.3.4. SECURITY
2.4.1. CONTRACTS
& AGREEMENTS
2.4.2. PRODUCT
LAUNCHES
2.4.3. ACQUISITIONS
2.4.4. BUSINESS
DIVESTMENTS & EXPANSIONS
2.5. MARKET
DRIVERS
2.5.1. INCREASING
NEED TO DEVELOP COMPETITIVE STRATEGIES AND REAL-TIME DECISION MAKING
2.5.2. GROWING
DEMAND FOR EFFICIENCY
2.5.3. RAPID
ADOPTION OF ERP BY SMALL AND MEDIUM-SIZED ENTERPRISES (SMES)
2.6. MARKET
CHALLENGES
2.6.1. EASY
AVAILABILITY OF OPEN-SOURCE ERP SOFTWARE
2.6.2. RISE
IN COMMON VULNERABILITIES AND EXPOSURES (CVE)
2.6.3. ELEVATED
EXPENSES ASSOCIATED WITH ERP SOLUTIONS
2.7. MARKET
OPPORTUNITIES
2.7.1. INCREASE
IN DEMAND FOR ERP
2.7.2. INTEGRATION
OF ERP WITH BIG DATA AND INTERNET OF THINGS (IOT)
2.8. ANALYST
PERSPECTIVE
3. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY ENTERPRISE SIZE
3.1. LARGE
ENTERPRISES
3.2. MEDIUM
ENTERPRISES
3.3. SMALL
ENTERPRISES
4. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY DEPLOYMENT
4.1. ON-PREMISE
4.2. CLOUD
4.3. HYBRID
5. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY APPLICATION
5.1. FINANCE
5.2. HUMAN
RESOURCE (HR)
5.3. SUPPLY
CHAIN
5.4. CUSTOMER
MANAGEMENT
5.5. INVENTORY
MANAGEMENT
5.6. MANUFACTURING
MODULE
5.7. OTHER
APPLICATIONS
6. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY VERTICAL
6.1. AUTOMOTIVE
6.2. RETAIL
6.3. MANUFACTURING
6.4. BANKING,
FINANCIAL SERVICES, & INSURANCE (BFSI)
6.5. GOVERNMENT
6.6. IT AND
TELECOM
6.7. HEALTHCARE
6.8. MILITARY
AND DEFENSE
6.9. OTHER
VERTICALS
7. LATIN
AMERICA ENTERPRISE RESOURCE PLANNING MARKET – BY COUNTRY OUTLOOK
7.1. BRAZIL
7.1.1. BRAZIL
ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.2. MEXICO
7.2.1. MEXICO
ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
7.3. REST
OF LATIN AMERICA
7.3.1. REST
OF LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. EPICOR
SOFTWARE CORPORATION
8.1.1. OVERVIEW
8.1.2. PRODUCT
PORTFOLIO
8.1.3. KEY
STRENGTHS
8.1.4. KEY
CHALLENGES
8.2. IBM
CORPORATION
8.2.1. OVERVIEW
8.2.2. PRODUCT
PORTFOLIO
8.2.3. KEY
STRENGTHS
8.2.4. KEY
CHALLENGES
8.3. IFS AB
8.3.1. OVERVIEW
8.3.2. PRODUCT
PORTFOLIO
8.3.3. KEY
STRENGTHS
8.3.4. KEY
CHALLENGES
8.4. INFOR
INC
8.4.1. OVERVIEW
8.4.2. PRODUCT
PORTFOLIO
8.4.3. KEY
STRENGTHS
8.4.4. KEY
CHALLENGES
8.5. MICROSOFT
CORPORATION
8.5.1. OVERVIEW
8.5.2. PRODUCT
PORTFOLIO
8.5.3. KEY
STRENGTHS
8.5.4. KEY
CHALLENGES
8.6. ORACLE
CORPORATION
8.6.1. OVERVIEW
8.6.2. PRODUCT
PORTFOLIO
8.6.3. KEY
STRENGTHS
8.6.4. KEY
CHALLENGES
8.7. QAD
INC
8.7.1. OVERVIEW
8.7.2. PRODUCT
PORTFOLIO
8.7.3. KEY
STRENGTHS
8.7.4. KEY
CHALLENGES
8.8. SAP SE
8.8.1. COMPANY
OVERVIEW
8.8.2. PRODUCT
PORTFOLIO
8.8.3. KEY STRENGTHS
8.8.4. KEY
CHALLENGES
8.9. SYSPRO
LTD
8.9.1. COMPANY
OVERVIEW
8.9.2. PRODUCT
PORTFOLIO
8.9.3. KEY
STRENGTHS
8.9.4. KEY
CHALLENGES
8.10. WORKDAY
INC
8.10.1. COMPANY
OVERVIEW
8.10.2. PRODUCT
PORTFOLIO
8.10.3. KEY
STRENGTHS
8.10.4. KEY
CHALLENGES
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
TABLE 2: LIST OF CONTRACTS
& AGREEMENTS
TABLE 3: LIST OF PRODUCT
LAUNCHES
TABLE 4: LIST OF ACQUISITIONS
TABLE 5: LIST OF BUSINESS
DIVESTMENTS & EXPANSIONS
TABLE 6: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2024-2032 (IN $
MILLION)
TABLE 7: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2024-2032 (IN $ MILLION)
TABLE 8: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 9: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2024-2032 (IN $ MILLION)
TABLE 10: LATIN AMERICA
ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $
MILLION)
FIGURE
1: KEY BUYING IMPACT ANALYSIS
FIGURE
2: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2023
& 2032 (IN %)
FIGURE
3: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY LARGE ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
4: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MEDIUM ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
5: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY SMALL ENTERPRISES,
2024-2032 (IN $ MILLION)
FIGURE
6: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2023 &
2032 (IN %)
FIGURE
7: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY ON-PREMISE, 2024-2032
(IN $ MILLION)
FIGURE
8: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY CLOUD, 2024-2032 (IN $
MILLION)
FIGURE
9: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HYBRID, 2024-2032 (IN
$ MILLION)
FIGURE
10: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2023
& 2032 (IN %)
FIGURE
11: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY FINANCE, 2024-2032
(IN $ MILLION)
FIGURE
12: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HUMAN RESOURCE (HR),
2024-2032 (IN $ MILLION)
FIGURE
13: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY SUPPLY CHAIN,
2024-2032 (IN $ MILLION)
FIGURE
14: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY CUSTOMER MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE
15: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY INVENTORY MANAGEMENT,
2024-2032 (IN $ MILLION)
FIGURE
16: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING MODULE,
2024-2032 (IN $ MILLION)
FIGURE
17: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER APPLICATIONS,
2024-2032 (IN $ MILLION)
FIGURE
18: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICAL, 2023 &
2032 (IN %)
FIGURE
19: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY AUTOMOTIVE, 2024-2032
(IN $ MILLION) 2024-2032 (IN $ MILLION)
FIGURE
20: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY RETAIL, 2024-2032 (IN
$ MILLION)
FIGURE
21: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING,
2024-2032 (IN $ MILLION)
FIGURE
22: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY BANKING, FINANCIAL
SERVICES, & INSURANCE (BFSI), 2024-2032 (IN $ MILLION)
FIGURE
23: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY GOVERNMENT, 2024-2032
(IN $ MILLION)
FIGURE
24: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY IT & TELECOM,
2024-2032 (IN $ MILLION)
FIGURE
25: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HEALTHCARE, 2024-2032
(IN $ MILLION)
FIGURE
26: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MILITARY AND DEFENSE,
2024-2032 (IN $ MILLION)
FIGURE
27: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER VERTICALS,
2024-2032 (IN $ MILLION)
FIGURE
28: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY OUTLOOK, 2023
& 2032 (IN %)
FIGURE
29: BRAZIL ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
30: MEXICO ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $ MILLION)
FIGURE
31: REST OF LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET 2024-2032 (IN $
MILLION)