Vietnam ERP for Retailers Market to Garner $26.0 Million by 2025 at 17.4% CAGR: AMR

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. On the other hand, high investment cost, maintenance crunches and inadequate flexibility have happened to restrain the growth to some extent. Nevertheless, rush in adoption of ERP among small as well as medium retailers, and arrival of cloud-based ERP have created lucrative opportunities in the segment throughout the forecast period.


Portland, April 05, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, 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.

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. On the other hand, high investment cost, maintenance crunches, and inadequate flexibility have happened to restrain the growth to some extent. Nevertheless, 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 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.

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 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.

Leading market players active in the global 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. They have adopted various strategies including partnerships, collaborations, mergers & acquisitions, and others to gain a strong position and sustain in the industry.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


            

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