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Vietnam ERP for Retailers Market Size to See Record Break Revenue $26,058.89 thousands by 2025, At CAGR Of 17.4%

Sep 15, 2021 7:00 PM ET

Vietnam ERP for Retailers Market Size to See Record Break Revenue $26,058.89 thousands by 2025, At CAGR Of 17.4%

Demand forecasting is expected to grow at the highest CAGR during the forecast period, as the retailers have been focusing and investing in ERP for maximizing sales and reduced inventory carrying costs with the help of effective demand forecasting. 

An increase in the need for operational efficiency & transparency in business processes and a rise in demand for role-based security have spurred the growth of Vietnam ERP for the Retailers Market. On the other hand, high investment costs, maintenance crunches, and inadequate flexibility have happened to restrain the growth to some extent. Nevertheless, the rush in the adoption of ERP among small as well as medium retailers, and the arrival of cloud-based ERP have created lucrative opportunities in the segment throughout the forecast period.

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Based on the deployment model, the large retailer’s segment held the lion share, accounting for nearly two-thirds of the total market. An increase in the adoption of ERP among the retail industry in Vietnam in order to enhance business efficiencies and transparency has driven the market.

The Vietnam ERP for retailers market garnered 7.2 million in 2017 and is expected to $26.0 million in 2025, growing at a CAGR of 17.4% from 2018 to 2025. The report provides an extensive analysis of top impacting factors, market size & estimations, drivers & opportunities, key segments, and competitive intelligence.

By application, the inventory management segment contributed to nearly one-fourth of the total market in 2017and is anticipated to maintain its dominance during the period. The fact that this ERP is highly used among retailers to effectively manage the inventory levels for ensuring the constant flow of units into and out of an existing inventory has fueled the growth.

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Profiling Key Players: Vietnam ERP for Retailers Market include Exact, Deskera, IBM Corporation, Infor, The Sage Group plc, SAP SE, Plex Systems, Inc., Microsoft Corporation, Oracle Corporation, and Epicor Software Corporation

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