LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET 2022-2028

ICT | Enterprise Solution

LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET 2022-2028

Market by Enterprise Size, Deployment, Application, Verticals, and Country | Forecast 2022-2028

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Triton’s research report insinuates that the Latin America enterprise resource planning market is expected to advance at a CAGR of 6.93% during the forecast period 2022-2028.


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The countries evaluated in the given region are:

•         Brazil

•         Mexico

•         Rest of Latin America

In Latin America, Brazil captures the major market share. The region is among the major markets following the Asia-Pacific, owing to the rising adoption of SaaS and cloud solutions among SMEs. Further, there is a rise in legal regulations as the region has become crucial for the US and UK. Other than this, the increasing adoption of electronic invoicing systems has encouraged prominent companies like Oracle to advance their ERP software in accordance with the regulations. Hence, these developments are estimated to widen the scope and growth of the enterprise resource planning market.

In Brazil, the expanding scope of end-user industries is a major factor supporting the growth of the enterprise resource planning market. The country has the highest logistical expenses than other nations, with around 30% of the distribution cost representing logistics costs. In this regard, ERP software is emerging as an ideal solution in managing the logistics process. Besides, the public cloud sector has gained significant momentum in the country. Hence, the cloud and hybrid ERP segment hold the potential to grow in the next few years. These factors contribute heavily to the studied market’s growth across the nation.

Mexico is considered to have a large e-commerce space in the region with high annual spending. This growth can be attributed to the surge in population and high internet penetration. The rising online orders and growing need for advanced customer experience have compelled several companies to deploy ERP solutions. Hence, this growth in e-commerce platforms is anticipated to fuel Mexico’s enterprise resource planning market over the forecast period.

Inventory management systems assist in tracking and monitoring stock and resource supplies to maximize profits. The ERP-integrated inventory systems comprise various features like inventory control order management, demand forecast, and orders audit. With technology advancement in cloud inventory management, it has become risk-free for companies to implement add-on software to their ERP systems. The market report is examined based on application, verticals, enterprise size, and deployment. The application segment is divided into inventory management, supply chain, finance, manufacturing module, human resource, customer management, and other applications.

Epicor Software Corporation offers industry-specific software across manufacturing, distribution, retail, and services companies. The company’s systems and services comprise enterprise resource planning, supply chain management, human capital management, and financial management. Epicor also offers business process consulting, custom solutions, and implementation services. The company has operations across multiple regions, including Latin America.

Epicor stated that Do it Best, a prominent international home improvement cooperative, has established Epicor as its solely endorsed POS vendor for member-owners. Here, the company will help members benefit from various functionality, drive store sales, and support supply chain management.

 

 Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      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, vendor scorecard, 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

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Table of Content

1. LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON ENTERPRISE RESOURCE PLANNING MARKET

2.2. PARENT MARKET ANALYSIS: ENTERPRISE APPLICATION MARKET

2.3. TIMELINE OF ENTERPRISE RESOURCE PLANNING (ERP)

2.4. KEY INSIGHTS

2.4.1. EMERGENCE OF CLOUD ERP

2.4.2. SOCIAL NETWORKING IS GAINING IMPORTANCE AMONG ERP MERCHANTS

2.4.3. INTEGRATED ERP IS ONE OF THE PROMINENT EMERGING TRENDS

2.4.4. ACQUISITION HAS EMERGED AS A PRIMARY GROWTH STRATEGY

2.5. PORTER’S FIVE FORCES ANALYSIS

2.5.1. THREAT OF NEW ENTRANTS

2.5.2. THREAT OF SUBSTITUTES

2.5.3. BARGAINING POWER OF BUYERS

2.5.4. BARGAINING POWER OF SUPPLIERS

2.5.5. THREAT OF COMPETITIVE RIVALRY

2.6. KEY IMPACT ANALYSIS

2.6.1. COMPATIBILITY

2.6.2. COST-EFFECTIVENESS

2.6.3. EASE OF USE

2.6.4. SECURITY

2.7. MARKET ATTRACTIVENESS INDEX

2.8. VENDOR SCORECARD

2.9. INDUSTRY COMPONENTS

2.10. KEY MARKET STRATEGIES

2.10.1. MERGERS & ACQUISITIONS

2.10.2. PRODUCT LAUNCHES & DEVELOPMENTS

2.10.3. PARTNERSHIPS & AGREEMENTS

2.10.4. BUSINESS EXPANSIONS & DIVESTITURES

2.11. MARKET DRIVERS

2.11.1. INCREASING NEED TO DEVELOP COMPETITIVE STRATEGIES AND REAL-TIME DECISION-MAKING

2.11.2. GROWING DEMAND FOR EFFICIENCY

2.12. MARKET CHALLENGES

2.12.1. RISE IN COMMON VULNERABILITIES AND EXPOSURES (CVE)

2.12.2. HIGH COSTS LIMITING ERP SOFTWARE ADOPTION

2.12.3. EASY AVAILABILITY OF OPEN-SOURCE ERP SOFTWARE

2.13. MARKET OPPORTUNITIES

2.13.1. INCREASE IN DEMAND FOR ERP

2.13.2. INTEGRATION OF ERP WITH BIG DATA AND INTERNET OF THINGS (IOT)

3. LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET OUTLOOK - BY ENTERPRISE SIZE

3.1. LARGE ENTERPRISES

3.2. MEDIUM ENTERPRISES

3.3. SMALL ENTERPRISES

4. LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET OUTLOOK - BY DEPLOYMENT

4.1. ON-PREMISE

4.2. CLOUD

4.3. HYBRID

5. LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET OUTLOOK - 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 OUTLOOK - BY VERTICALS

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 – REGIONAL OUTLOOK

7.1. BRAZIL

7.2. MEXICO

7.3. REST OF LATIN AMERICA

8. COMPETITIVE LANDSCAPE

8.1. DESKERA HOLDINGS LTD

8.2. EPICOR SOFTWARE CORPORATION

8.3. IBM CORPORATION

8.4. IFS AB

8.5. INFOR INC

8.6. IQMS

8.7. MICROSOFT CORPORATION

8.8. ORACLE CORPORATION

8.9. PLEX SYSTEMS INC

8.10. QAD INC

8.11. RAMCO SYSTEMS LIMITED

8.12. THE SAGE GROUP PLC

8.13. SAP SE

8.14. SYSPRO LTD

8.15. UNIT4 NV

8.16. WORKDAY INC

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)      

TABLE 2: TIMELINE OF ENTERPRISE RESOURCE PLANNING (ERP)   

TABLE 3: VENDOR SCORECARD        

TABLE 4: LIST OF MERGERS & ACQUISITIONS      

TABLE 5: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS    

TABLE 6: LIST OF PARTNERSHIPS & AGREEMENTS       

TABLE 7: LIST OF BUSINESS EXPANSIONS & DIVESTITURES   

TABLE 8: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY ENTERPRISE SIZE, 2022-2028, (IN $ MILLION)  

TABLE 9: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY DEPLOYMENT, 2022-2028 (IN $ MILLION)

TABLE 10: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)    

TABLE 11: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)        

TABLE 12: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: KEY BUYING IMPACT ANALYSIS 

FIGURE 2: MARKET ATTRACTIVENESS INDEX      

FIGURE 3: INDUSTRY COMPONENTS

FIGURE 4: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY LARGE ENTERPRISES, 2022-2028 (IN $ MILLION) 

FIGURE 5: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MEDIUM ENTERPRISES, 2022-2028 (IN $ MILLION)        

FIGURE 6: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY SMALL ENTERPRISES, 2022-2028 (IN $ MILLION) 

FIGURE 7: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY ON-PREMISE, 2022-2028 (IN $ MILLION)     

FIGURE 8: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY CLOUD, 2022-2028 (IN $ MILLION)     

FIGURE 9: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HYBRID, 2022-2028 (IN $ MILLION)    

FIGURE 10: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY FINANCE, 2022-2028 (IN $ MILLION)  

FIGURE 11: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HUMAN RESOURCE (HR), 2022-2028 (IN $ MILLION)      

FIGURE 12: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY SUPPLY CHAIN, 2022-2028 (IN $ MILLION)

FIGURE 13: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY CUSTOMER MANAGEMENT, 2022-2028 (IN $ MILLION)  

FIGURE 14: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY INVENTORY MANAGEMENT, 2022-2028 (IN $ MILLION)  

FIGURE 15: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING MODULE, 2022-2028 (IN $ MILLION)  

FIGURE 16: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 17: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 18: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY RETAIL, 2022-2028 (IN $ MILLION)     

FIGURE 19: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)       

FIGURE 20: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY BANKING, FINANCIAL SERVICES, & INSURANCE (BFSI), 2022-2028 (IN $ MILLION)

FIGURE 21: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY GOVERNMENT, 2022-2028 (IN $ MILLION)

FIGURE 22: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY IT AND TELECOM, 2022-2028 (IN $ MILLION)        

FIGURE 23: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 24: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY MILITARY AND DEFENSE, 2022-2028 (IN $ MILLION)      

FIGURE 25: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, BY OTHER VERTICALS, 2022-2028 (IN $ MILLION)     

FIGURE 26: LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)        

FIGURE 27: BRAZIL ENTERPRISE RESOURCE PLANNING MARKET 2022-2028 (IN $ MILLION)        

FIGURE 28: MEXICO ENTERPRISE RESOURCE PLANNING MARKET 2022-2028 (IN $ MILLION)        

FIGURE 29: REST OF LATIN AMERICA ENTERPRISE RESOURCE PLANNING MARKET 2022-2028 (IN $ MILLION)        

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