Wednesday 30 August 2017

Latin America ERP Software Market is expected to reach USD 2.73 billion by 2025: Radiant Insights

The Latin America ERP software Market is expected to reach USD 2.73 billion by 2025, according to a new report conducted by Radiant Insights. ERP applications have helped many large-scale organizations to bring clarity and visibility in their business. With rapidly growing small and medium enterprises (SMEs) and adoption of evolving technology demand in SMEs is expected to grow over the forecast period. Furthermore, rising awareness among small & medium enterprises (SMEs) and increasing need for business process efficiency and transparency aid the market growth over the forecast period.
SMEs have been facing various barriers to the adoption of this technology because of expensive and less user-friendly nature of the software. Many SMEs in Brazil, Mexico, Chile, and Peru are still using old IT systems to operate their business. There is a growing need for adoption of upcoming IT systems to sustain in the competitive market. enterprise resource planning software helps the operation of core business processes including sales & distribution, supply chain management, accounting, financial control, and HR, which is expected to propel demand from various SMEs.
To access full Latin America ERP Software Market Research Report, Click here: https://www.radiantinsights.com/research/latin-america-erp-software-market
The cloud deployment segment is expected to witness a significant growth rate, due to its growing adoption, although the on-premise deployment segment is anticipated to dominate the market (in terms of size) by 2025. Cloud-based applications reduce IT infrastructure cost leading to the adoption of cloud-based application among enterprises. The investment on cloud-connected mobile applications has increased as mobile owing to the growing penetration of Bring Your Own Device (BYOD) among the organizations.The vendors are developing cloud-based solutions that can be accessible via mobile platforms such as tablets and smartphones expected to influence the market growth further.
Further key findings from the report suggest:
• One of the major factors's expediting the market growth are the evolution of enterprise software and workplace automation industry practices in the Latin America marketplace.
• Increasing investment in manufacturing coupled with rising demand for industry dedicated software is expected to propel growth over the forecast period.
• Brazil region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2016
• In Mexico growth is driven by increasing vehicle and parts production particularly in the states of Aguascalientes, Guanajuato, and San Luis Potosi
• The key industry participants include IBM (U.S.A.), Oracle (U.S.A.), Microsoft (U.S.A.), SAP SE (Germany), Infor (U.S.A.), and Sage Group Plc (U.K.)
About Radiant Insight
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects.
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Engineering Services Outsourcing (ESO) Market is expected to reach USD 1.49 trillion by 2025: Radiant Insights

The Global engineering services outsourcing (ESO) market is expected to reach USD 1.49 trillion by 2025, according to a new report by Grand View Research, Inc. ESO providers play a crucial role in providing mechanical, technical, and software support to their clients. Due to the growing complexity of product designing, prototyping, visual designing and engineering, and Product Lifecycle Management (PLM), the role of ESO vendors has become crucial to OEMs.
The engineering services outsourcing business was primarily aggregated under the Information Technology (IT) or the Business Process Outsourcing (BPO) industry. However, due to rapid technological advancement and growing demand, the ESO segment has evolved to expand its operation in the telecom, aerospace, automotive, healthcare, and other major verticals by spending heavily on product development and offering engineering expertise across various industries.
To access full Engineering Services Outsourcing (ESO) Market Research Report,click here: https://www.radiantinsights.com/research/engineering-services-outsourcing-eso-market
Multinationals based in the U.S., UK, Germany, France, and Japan among other developed nations are outsourcing services to countries such as India which provide skillful resources at lower prices.
The threat of Intellectual Property (IP) confidentiality breach is a barrier to the growing ESO demand. Companies have to be very vigilant to avoid IP theft, especially in a few offshore locations where prosecuting firms who allegedly misuse patents and confidential data is perceived as a difficult task due to the prevalent legal enforcements. IP theft results in significant losses for the business. As a result, the companies may not wish to share confidential data with engineering service providers.
Further key findings from the report suggest:
• Growing at a CAGR of around 30% over the forecast period, the offshore ESO segment is expected to account for a greater revenue share of the total market by 2025
• In 2016, the estimated size of the onshore ESO segment was around USD 70 billion
• The aerospace, consumer electronics, and telecom ESO segments are expected to witness a robust growth
• The aerospace ESO segment is expected to account for over 13% of the total revenue share by 2025 and is projected to be the fastest-growing over the forecast period
• Asia Pacific accounted for the largest market share of the global ESO industry in 2016; China, India, Vietnam, and the Philippines were the most sought after global outsourcing destinations
• The key industry participants include EPAM Systems, Inc., GlobalLogic, Infosys Limited, HCL Technologies Limited, Luxoft, QuEST Global Services Pte. Ltd., Tech Mahindra Limited, Wipro Limited, and Tata Consultancy Services Limited
About Radiant Insights
Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience help for delivering excellence in all research projects.
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