LATAM Software-as-a-Service (SaaS) Market Segmentation By Type (ERP, CRM, HRM, SCM and Others) and By Application (BFSI, IT & Telecommunication, Manufacturing, Retail, Healthcare and Others) - Industry Demand Analysis and Opportunity Assessment 2018-2026
Buy Now Report ID: 2430 | Published Date: Feb 08, 2023LATAM Software-as-a-Service (SaaS) Market
1 Market Overview
1.1 Software-as-a-Service (SaaS) Introduction
1.2 Market Analysis by Type
BFSI
IT and Telecommunication
Manufacturing
Retail
Healthcare
Education
1.3 Market Analysis by Applications
ERP
CRM
HRM
SCM
Others
1.4 Market Analysis by Countries
Mexico Status and Prospect (2015-2026)
Argentina Status and Prospect (2015-2026)
Chile Status and Prospect (2015-2026)
Rest of LATAM Status and Prospect (2015-2026)
2 Key Player Profiles
2.1 IBM
Business Overview
Products/Services/Solutions Landscape
IBM Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.2 Microsoft
Business Overview
Products/Services/Solutions Landscape
Microsoft Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.3 Oracle
Business Overview
Products/Services/Solutions Landscape
Oracle Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.4 NortonLifeLock
Business Overview
Products/Services/Solutions Landscape
NortonLifeLock Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.5 Google 18
Business Overview
Products/Services/Solutions Landscape
Google Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.6 Fujitsu
Business Overview
Products/Services/Solutions Landscape
Fujitsu Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.7 Amazon
Business Overview
Products/Services/Solutions Landscape
Amazon Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.8 HP
Business Overview
Products/Services/Solutions Landscape
HP Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.9 SAP
Business Overview
Products/Services/Solutions Landscape
SAP Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
2.10 Salesforce
Business Overview
Products/Services/Solutions Landscape
Salesforce Software-as-a-Service (SaaS) Revenue, Gross Margin and Market Share (2015-2020)
3 LATAM Software-as-a-Service (SaaS) Market Competition, by Company
3.1 LATAM Software-as-a-Service (SaaS) Revenue and Market Share by Company (2015-2020)
3.2 LATAM Software-as-a-Service (SaaS) Gross Margin by Company (2015-2020)
LATAM Software-as-a-Service (SaaS) Gross Margin by Company (2015-2020)
3.3 Market Concentration Rate
Top 5 Software-as-a-Service (SaaS) Company Market Share
Top 10 Software-as-a-Service (SaaS) Company Market Share
4 4 LATAM Software-as-a-Service (SaaS) Market Analysis by Countries/Regions
4.1 LATAM Software-as-a-Service (SaaS) Revenue and Growth Rate in (2015-2020)
4.2 LATAM Software-as-a-Service (SaaS) Revenue by Countries/Regions (2015-2020)
LATAM Software-as-a-Service (SaaS) Revenue by Countries/Regions (2015-2020)
LATAM Software-as-a-Service (SaaS) Revenue Market Share by Countries (2015-2020)
5 LATAM Software-as-a-Service (SaaS) Market Segmentation by Type
5.1 LATAM Software-as-a-Service (SaaS) Revenue and Market Share by Type (2015-2020)
6 LATAM Software-as-a-Service (SaaS) Market Segmentation by Application
6.1 LATAM Software-as-a-Service (SaaS) Revenue Market Share by Application (2015-2020)
6.2 ERP -Revenue and Growth Rate (2015-2020)
6.3 CRM -Revenue and Growth Rate (2015-2020)
6.4 HRM -Revenue Growth Rate (2015-2020)
6.5 SCM -Revenue Growth Rate (2015-2020)
6.6 Others -Revenue Growth Rate (2015-2020)
7 Mexico Software-as-a-Service (SaaS) Development Status and Outlook
7.1 Mexico Software-as-a-Service (SaaS) Revenue and Growth Rate (2015-2020)
7.2 Mexico Software-as-a-Service (SaaS) Revenue and Market Share by Type (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue by Type (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue Market Share by Type (2015-2020)
7.3 Mexico Software-as-a-Service (SaaS) Revenue and Market Share by Application (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue by Application (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue Market Share by Application (2015-2020)
7.4 Mexico Software-as-a-Service (SaaS) Revenue and Market Share by Application (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue by Deployment (2015-2020)
Mexico Software-as-a-Service (SaaS) Revenue Market Share by Deployment (2015-2020)
8 Argentina Software-as-a-Service (SaaS) Development Status and Outlook
8.1 Argentina Software-as-a-Service (SaaS) Revenue and Growth Rate (2015-2020)
8.2 Argentina Software-as-a-Service (SaaS) Revenue and Market Share by Type (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue by Type (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue Market Share by Type (2015-2020)
8.3 Argentina Software-as-a-Service (SaaS) Revenue and Market Share by Application (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue by Application (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue Market Share by Application (2015-2020)
8.4 Argentina Software-as-a-Service (SaaS) Revenue and Market Share by Deployment (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue by Deployment (2015-2020)
Argentina Software-as-a-Service (SaaS) Revenue Market Share by Deployment (2015-2020)
9 Chile Software-as-a-Service (SaaS) Development Status and Outlook
9.1 Chile Software-as-a-Service (SaaS) Revenue and Growth Rate (2015-2020)
9.2 Chile Software-as-a-Service (SaaS) Revenue and Market Share by Type (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue by Type (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue Market Share by Type (2015-2020)
9.3 Chile Software-as-a-Service (SaaS) Revenue and Market Share by Application (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue by Application (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue Market Share by Application (2015-2020)
9.4 Chile Software-as-a-Service (SaaS) Revenue and Market Share by Deployment (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue by Deployment (2015-2020)
Chile Software-as-a-Service (SaaS) Revenue Market Share by Deployment (2015-2020)
10 Rest of LATAM Software-as-a-Service (SaaS) Development Status and Outlook
10.1 Rest of LATAM Software-as-a-Service (SaaS)Revenue and Growth Rate (2015-2020)
10.2 Rest of LATAM Software-as-a-Service (SaaS) Revenue and Market Share by Type (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue by Type (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue Market Share by Type (2015-2020)
10.3 Rest of LATAM Software-as-a-Service (SaaS) Revenue by Application (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue by Application (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue Market Share by Application (2015-2020)
10.4 Rest of LATAM Software-as-a-Service (SaaS) Revenue by Deployment (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue by Deployment (2015-2020)
Rest of LATAM Software-as-a-Service (SaaS) Revenue Market Share by Deployment (2015-2020)
11 LATAM Software-as-a-Service (SaaS) Market Forecast (2021-2026)
11.1 LATAM Software-as-a-Service (SaaS) Revenue and Growth Rate (2021-2026)
11.2 13.2 Software-as-a-Service (SaaS) Market Forecast by Countries/Regions (2021-2026)
Mexico Software-as-a-Service (SaaS) Revenue and Growth Rate Forecast (2021-2026)
Argentina Software-as-a-Service (SaaS) Revenue and Growth Rate Forecast (2021-2026)
Chile Software-as-a-Service (SaaS) Revenue and Growth Rate Forecast (2021-2026)
Rest of LATAM Software-as-a-Service (SaaS) Revenue and Growth Rate Forecast (2021-2026)
11.3 Software-as-a-Service (SaaS) Market Forecast by Type (2021-2026)
LATAM Software-as-a-Service (SaaS) Revenue Forecast by Type (2021-2026)
LATAM Software-as-a-Service (SaaS) Market Share Forecast by Type (2021-2026) 64
11.4 Software-as-a-Service (SaaS) Market Forecast by Application (2021-2026)
LATAM Software-as-a-Service (SaaS) Revenue Forecast by Application (2021-2026)
LATAM Software-as-a-Service (SaaS) Revenue Market Share Forecast by Application (2021-2026)
12 Software-as-a-Service (SaaS) Market Dynamics
Government Policy
Technology Risks
Threats
Challenges
Growth Indicators
The LATAM software-as-a-service (SaaS) market is thriving on the back of increasing adoption of cloud services observed in the region, especially by small and medium enterprises (SMEs), emerging markets in the region, along with favorable government policies that is helping several organizations to place their business in the region. Increasing local initiatives concentrating in the field is helping businesses from around the world to place their businesses in the region owing to low operational costs and greater work ambition amongst the people. Backed by the developing IT infrastructure in the region numerous startup ventures have boomed in the recent years and unlike developed nations, people here are able to work at a lower cost. Owing to such a factor, the startup ecosystem in the region is thriving significantly which is generating the need for SaaS platforms for utilization by these organizations. Additionally, greater adoption rate for SaaS applications is also contributing towards the rising demand of SaaS providers. Such factors are anticipated to drive the growth of the LATAM software-as-a-service (SaaS) market.
Barriers
Concern for data theft, cybercrimes, and other cyber thefts, coupled with the difficulties observed in integration and migration between the SaaS providers due to service quality issues are some of the factors anticipated to impact negatively towards the growth of the LATAM software-as-a-service (SaaS) market.
By Type
The LATAM software-as-a-service (SaaS) market is segmented on the basis of type into enterprise resource planning or ERP, customer relationship management or CRM, human resource management or HRM, supply chain management or SCM and others. The enterprise resource planning or ERP segment is anticipated to showcase great potential in the future. The segment occupied a market share of around 30% in the year 2018 and is further anticipated to attain an absolute $ opportunity of around USD 3900 million during the forecast period. SaaS ERP or SaaS enterprise resource planning is a cloud business process management software which allows organization to manage the business and automate back office functions. The software package usually includes all facets of an operation such as product planning and development, manufacturing, sales & marketing and others, all clubbed in a single database application backed by a user interface. ERP helps optimize business processes by providing accurate and timely access to reliable information. Further, the online software also helps to eliminate unnecessary operations and data, helping to reduce time and cost of operations.
Some of the affluent industry leaders in the LATAM software-as-a-service (SaaS) market are Fujitsu Limited, Oracle Corporation, IBM, Microsoft Corporation, Broadcom Inc., Alphabet, Inc., Amazon.com, Inc., HP Development Company, L.P., SAP SE and Salesfore.com, Inc.
October 2019: Fujitsu Laboratories, Ltd. announced the development of a new “Content-Aware Computing” technology which aims to control accuracy while increasing computing speeds.
December 2017: Oracle have announced that it entered into an agreement with Aconex Limited to buy its shares for a transaction value worth around USD 1.2 billion net of Aconex cash.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Growing need of businesses to adopt SaaS applications owing to the favorable government policies is one of the factors that is driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of around 28% over the forecast period, i.e. 2019-2026.
Ans: The major players in the LATAM software-as-a-service (SaaS) market are Fujitsu Limited, Oracle Corporation, IBM, Microsoft Corporation, Broadcom Inc., Alphabet, Inc., Amazon.com, Inc., HP Development Company, L.P., SAP SE and Salesfore.com, Inc.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is majorly segmented by type and by application.
Ans: The enterprise resource planning or ERP segment, which is a sub-segment of the type segment, is anticipated to grow significantly and attain an absolute $ opportunity of around USD 3900 million over the forecast period.
Ans: Growing concerns for the difficulties observed in integration and migration and the service quality issues faced by organizations is one of the major factors anticipated to act as a barrier towards the growth of the market.
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