Latin America Erp Software Market Size & Outlook
Latin America erp software market, 2018-2030 (US$M)
Related Markets
Latin America erp software market highlights
- The Latin America erp software market generated a revenue of USD 2,113.8 million in 2023.
- The market is expected to grow at a CAGR of 13.6% from 2024 to 2030.
- In terms of segment, on-premise was the largest revenue generating deployment in 2023.
- Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,113.8 million |
| Market revenue in 2030 | USD 5,145.6 million |
| Growth rate | 13.6% (CAGR from 2023 to 2030) |
| Largest segment | On-premise |
| Fastest growing segment | Cloud |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-premise, Cloud |
| Key market players worldwide | Epicor Software (Formerly Solarsoft Business Systems), Hewlett Packard Enterprise Co, Infor, International Business Machines Corp, Microsoft Corp, Oracle Corp, Sage Group (The) PLC, SAP SE |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.6% of the global erp software market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 35,602.8 million by 2030.
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ERP Software Market Scope
ERP Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America erp software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to erp software market will help companies and investors design strategic landscapes.
On-premise was the largest segment with a revenue share of 72.98% in 2024. Horizon Databook has segmented the Latin America erp software market based on on-premise, cloud covering the revenue growth of each sub-segment from 2018 to 2030.
High penetration on manufacturing industries in South American countries such as Peru and Chile is anticipated to increase the market demand of ERP software.
Enterprise software and workplace automation industry is gaining momentum in South American marketplace .The advent cloud ERP technology coupled with flexible pricing of the connected devices may result in a bigger turnover of the market.
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Our clientele includes a mix of erp software market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America erp software market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America erp software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America erp software market size, by country, 2018-2030 (US$M)
Latin America ERP Software Market Outlook Share, 2024 & 2030 (US$M)
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