MARKET OUTLOOK
As per an analysis by Triton Market Research, the supply chain management software market in Latin America is estimated to flourish at a CAGR of 9.30% in the forthcoming period 2019-2028.
Brazil, Mexico and Rest of Latin America together form the supply chain management software market in Latin America.
Due to the emergence of large retailers such as Amazon in recent years, countries like Brazil are expected to experience considerable improvement in supply chain operations. Although the countryhas a wide network of all modes of transportation, the transportation matrix is still unbalanced, and requires modernization in several sectors. The Brazilian government has been implementing several initiatives to improve this situation. This is likely to create immense opportunities for investment for the next ten years in the country, ranging from supply chain services to the development of new enterprises. These initiatives are likely to help the supply chain management software market grow in the country.
The logistics industry in Mexico is experiencing significant growth and is expected to proliferate even further in the coming years. It is reported that the number of freight transportation companies in Mexico increased by about 4.7% in the first four months of the year 2019. The booming logistics industry is estimated to fuel the demand for supply chain management software in Mexico.
COMPETITIVE OUTLOOK
Some of the major players in the supply chain management software market are Manhattan Associates, Epicor Software Corporation, Infor, SAP SE and Kinaxis[I11] .