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. Increase in need for operational efficiency & transparency in business processes and rise in demand for role-based security have spurred the growth of Vietnam ERP for Retailers Market.
Key industry players such as – Exact, Deskera, IBM Corporation, Infor, The Sage Group plc, SAP SE, Plex Systems, Inc., Microsoft Corporation, Oracle Corporation, and Epicor Software Corporation.
The ERP for retailers market in Vietnam 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.
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.
Based on the component, the software segment accounted for nearly three-fourths of the total market in 2017 and is expected to dominate all through 2018-2025. This is due to the rising demand for ERP software among retailers to enhance consumer satisfaction and operational efficiency of their businesses.
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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. Increase in adoption of ERP among the retail industry in Vietnam in order to enhance business efficiencies and transparencies has driven the market.
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