PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Mid-market Segment Holds Huge Potential for Latin American ERP Software Markets - New analysis from Frost & Sullivan Latin America ERP Software Markets, finds that this market earned revenues of $394.2 million in 2005 and is likely to reach $719.6 million in 2011.
Mid-market Segment Holds Huge Potential for Latin American ERP Software Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/08/10 - New analysis from Frost & Sullivan Latin America ERP Software Markets, finds that this market earned revenues of $394.2 million in 2005 and is likely to reach $719.6 million in 2011..

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Enterprise resource planning (ERP) is fast gaining popularity with companies constantly focused on reducing operational costs and maximizing efficiency to earn more revenues. ERP software solutions offer compelling benefits such as complete control and improved management of a company’s processes.

New analysis from Frost & Sullivan Latin America ERP Software Markets, finds that this market earned revenues of $394.2 million in 2005 and is likely to reach $719.6 million in 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the Latin American ERP software markets, then send an e-mail to Mireya Castilla, Corporate Communications, at mireya.castilla[.]frost.com with your full name, company name, title, telephone number, city, state, country and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.

“ERP solutions are becoming a mandatory tool for large corporations as they can help companies become more organized and transparent as well as improve their processes and integrate different areas,” says Frost & Sullivan Research Analyst Marcelo Kawanami. “However, around 80 percent of the large enterprise segment in Latin America has already implemented ERP solutions, leading vendors to target the mid-market segment instead.”

.ERP vendors are increasingly focusing on small- and mid-sized businesses (SMBs) since they offer better opportunities for revenue growth. However, SMBs are still at the beginning stage of adopting professional ERP tools and also lack the capital required to make huge investments in IT.

Obtaining aid from financial institutions is an added challenge for companies in the region, especially SMBs, due to the lack of tax incentives. In addition, the presidential elections taking place in many Latin American countries in 2006 are likely to reduce the pace of IT investment.

The many restrictions faced by SMBs are prompting vendors to adjust their strategies to better meet the unique needs of these companies. For instance, they are working to reduce the implementation period by offering pre-configured solutions focused on specific verticals.

Vendors are also looking to offer less expensive packages with simpler features to reduce the total cost of an ERP project, thereby making these solutions more accessible to the cost-conscious SMB segment. The provision of ERP through the application service provider (ASP) standard could prove to be a good option for SMBs as it is based on the rental payment model and therefore, eliminates the need for investment in hardware and infrastructure.

Thus, with all ERP vendors actively engaged in revising their strategies to increase penetration in the mid-market segment, the levels of competitiveness are extremely high. These markets are also witnessing increasing consolidation, as larger participants increasingly acquire smaller companies that create solutions for specific verticals.

“The sales channel is a critical success element to leverage the opportunities offered by the mid-market segment,” says Kawanami. “All participants are striving to increase their distribution channels and have the right partners that will help them carve a space for themselves in this segment.”

Latin America ERP Software Markets, part of the IT Services & Applications Subscription, provides an overview of these markets in five different sub-regions in Latin America, namely, Brazil, Mexico, Southern Cone, Andean, and Caribbean and Central America (CCA). It provides revenues and forecasts for each sub-region, along with a complete analysis of key market drivers, restraints, and trends that are impacting the markets. In this research service, Frost & Sullivan's expert analysts thoroughly examines the large enterprise and mid-market segments. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

Latin America ERP Software Markets
F835

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Mid-market Segment Holds Huge Potential for Latin American ERP Software Markets

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Mireya Castilla 
210.247.3830 mireya.castilla[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Software Most Recent Related Newswires:

Korean Retailer Homeplus Optimizes Store Planning with JDA Category Management
IBM and Pfizer to Accelerate Immuno-oncology Research with Watson for Drug Discovery
The VELUX Group to Drive Smart Product Innovation with Implementation of PTC Windchill Across the Enterprise
KPIT Takes A Strategic Stake in A Germany Headquartered Automotive Engineering Services Company
Pegasystems Named Silver Winner for Best New Product of the Year in Best in Biz Awards 2016
Kentico Releases its Most Enterprise-Ready Solution Yet
OneLogin Delivers First-Ever Multi-Environment AWS User Resource Provisioning
Mahindra and IBM to Develop Blockchain Solution for Supply Chain Finance
Toyota Motor Corporation Approves Mentor Graphics Volcano™ VSTAR AUTOSAR Stack for Deployment in Toyota Vehicles
Wiley Launches New Spectra Lab Applications to Help Scientists Manage Analytical Data
Earthlite Drastically Simplifies and Expedites Accounts Receivable Analysis with Datawatch Monarch
PTC Achieves AWS IoT Competency Status
Umbra, VM Backup Appliance Based on NAKIVO Backup & Replication, Generates Business for Integrative
SpringCM Chooses Xactly to Increase Data Accuracy and Enhance Sales Compensation Strategy
American Airlines Selects IBM as its Cloud Provide

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)