An ERP is a business management tool, which integrates and automates a retailer’s core business processes to achieve higher efficiency and productivity. Rise in number of challenges associated with constantly moving stock, different pricing, the high number of employees at multiple retail outlets, and so forth have raised the need of ERP among the retailers to improve and streamline their processes. An ideal retail ERP software enables the store processes to be more organized, improves overall productivity and customer satisfaction. The retailers have been using ERP for several different applications, such as inventory management, store & warehouse operations management, customer management, and so forth. In addition, rise in adoption of smartphones and increase in internet penetration foster several banks in the country to implement immediate payment services.
In addition, rise in retail industry and growth in ICT spending among them has been one of the significant factors that drive the growth of the market. Moreover, rise in demand for role-based security and growth in demand of efficient business processes have been motivating the ERP market for retailers in Vietnam. However, high investment and maintenance cost of the products and availability of open source applications are expected to impede the market growth. Conversely, emergence of cloud-based ERP solutions, increase in adoption of ERP among small and medium retailers, and rise in significance of data driven decision making are anticipated to create significant opportunities for the growth of the Vietnam ERP for retailers market during the forecast period.
The Vietnam ERP for retailers market is categorized based on component, application, deployment model, and retailer size. Depending on component, the market is bifurcated into software and service. The applications covered in the study include customer management, demand forecasting, inventory management, store & warehouse operations management, purchase & vendor management, employee management, and others. According to deployment model, the market is classified into on-premise, and cloud. By retailer size, it comprises large retailers and small & medium retailers.
The key players profiled in the report include Deskera, Epicor Software Corporation, Exact, IBM Corporation, Infor, Microsoft Corporation, Oracle Corporation, Plex Systems, Inc., SAP SE, and The Sage Group plc.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY COMPONENT
BY APPLICATION
BY DEPLOYMENT MODEL
BY RETAILER SIZE
KEY MARKET PLAYERS
In addition, rise in retail industry and growth in ICT spending among them has been one of the significant factors that drive the growth of the market. Moreover, rise in demand for role-based security and growth in demand of efficient business processes have been motivating the ERP market for retailers in Vietnam. However, high investment and maintenance cost of the products and availability of open source applications are expected to impede the market growth. Conversely, emergence of cloud-based ERP solutions, increase in adoption of ERP among small and medium retailers, and rise in significance of data driven decision making are anticipated to create significant opportunities for the growth of the Vietnam ERP for retailers market during the forecast period.
The Vietnam ERP for retailers market is categorized based on component, application, deployment model, and retailer size. Depending on component, the market is bifurcated into software and service. The applications covered in the study include customer management, demand forecasting, inventory management, store & warehouse operations management, purchase & vendor management, employee management, and others. According to deployment model, the market is classified into on-premise, and cloud. By retailer size, it comprises large retailers and small & medium retailers.
The key players profiled in the report include Deskera, Epicor Software Corporation, Exact, IBM Corporation, Infor, Microsoft Corporation, Oracle Corporation, Plex Systems, Inc., SAP SE, and The Sage Group plc.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the Vietnam ERP for retailers market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the market size is provided.
- Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2017 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY COMPONENT
- Software
- Service
BY APPLICATION
- Customer Management
- Demand Forecasting
- Inventory Management
- Store and Warehouse Operations Management
- Purchase and Vendor Management
- Employee Management
- Others
BY DEPLOYMENT MODEL
- On-premise
- Cloud
BY RETAILER SIZE
- Large Retailers
- Small & Medium Retailers
KEY MARKET PLAYERS
- Deskera
- Epicor Software Corporation
- Exact
- IBM Corporation
- Infor
- Microsoft Corporation
- Oracle Corporation
- Plex Systems, Inc.
- SAP SE
- The Sage Group plc.
Note: Product cover images may vary from those shown
Chapter 1: INTRODUCTION
Chapter 2: EXECUTIVE LANDSCAPE
Chapter 3: MARKET OVERVIEW
Chapter 4: VIETNAM ERP FOR RETAILERS MARKET BY COMPONENT
Chapter 5: VIETNAM ERP FOR RETAILERS MARKET BY APPLICATION
Chapter 6: VIETNAM ERP FOR RETAILERS MARKET BY DEPLOYMENT MODEL
Chapter 7: VIETNAM ERP FOR RETAILERS MARKET BY RETAILER SIZE
Chapter 8: COMPANY PROFILE
Note: Product cover images may vary from those shown
According to this report titled, 'Vietnam ERP for Retailers Market by Component, Application, Deployment Model, and Retailer Size: Opportunity Analysis and Industry Forecast, 2018 - 2025,' the Vietnam ERP for retailers market size was valued at $7,271.94 thousands in 2017, and is projected to reach at $26,058.89 thousands by 2025, growing at a CAGR of 17.4% from 2018 to 2025.
With increase in competition and rise in numerous challenges among retailers, ERP has become a crucial requirement for the retail industry to sustain and keep up with changing customer demands. Vietnam has been ranked among the top and most attractive retail markets across the globe. The country accounts for 800 supermarkets, 150 shopping malls, and more than 9,000 traditional markets. Growth in retail industry in Vietnam and rise in need of improved business efficiencies and transparencies among retailers drive the market growth. In addition, rise in demand for role-based security, and growth of the retail industry majorly contribute toward the growth of the Vietnam ERP for retailers market. However, high investment costs and inadequate flexibility are expected to hamper the growth of the Vietnam ERP for retailers industry. Moreover, surge in adoption of ERP among small and medium retailers, and emergence of cloud-based ERP are expected to create significant opportunities for the Vietnam ERP for Retailers market during the forecast period.
Based on component, the software segment dominated the Vietnam ERP for retailers industry in 2017, and is expected to remain dominant during the forecast period, owing to extensive use of ERP software for different applications, such as customer management, inventory management and so forth. Furthermore, the service segment is expected to grow at the highest CAGR during the forecast period, owing to rise in need of consulting and deployment services among small- and medium-sized businesses in Vietnam.
The Vietnam ERP for retailers industry was led by the inventory management segment in 2017, and is projected to maintain its dominance during the forecast period, owing to the growth of the retail industry in Vietnam, supported by rise in spending, which enables the retailers to effectively manage the inventory levels, and improves business process and customer satisfaction. However, the demand forecasting segment is expected to witness the highest growth. The retailers face heavy customer footfall in most of the situations as customers to cater to the requirements of the customers. As a result, it is important to meet the demand with supply and offer them great service, which helps retain customers, and thus, in turn fosters the growth of the market. The retail ERP software enables easy and accurate tracking of past trends and forecasting of future demands. Moreover, it also helps them in maximizing sales and reducing inventory carrying costs, thus maintaining customer satisfaction and considered as a major Vietnam ERP for retailers market opportunity.
Key Findings of the Vietnam Erp For Retailers Market:
Based on component, ERP services are expected to exhibit significant growth in the Vietnam ERP for retailers market during the forecast period.
In 2017, the on-premise accounted for the highest revenue among the deployment model category.
Based on application, the inventory management generated the highest revenue in Vietnam ERP for Retailers market share in 2017.
According to retailer size,the small and medium retailer is anticipated to exhibit substantial growth during the forecast period.
The Vietnam ERP for Retailers market analysis include some of the key market players such as Deskera, Epicor Software Corporation, Exact, IBM Corporation, Infor, Microsoft Corporation, Oracle Corporation, Plex Systems, Inc., SAP SE, and The Sage Group plc.
With increase in competition and rise in numerous challenges among retailers, ERP has become a crucial requirement for the retail industry to sustain and keep up with changing customer demands. Vietnam has been ranked among the top and most attractive retail markets across the globe. The country accounts for 800 supermarkets, 150 shopping malls, and more than 9,000 traditional markets. Growth in retail industry in Vietnam and rise in need of improved business efficiencies and transparencies among retailers drive the market growth. In addition, rise in demand for role-based security, and growth of the retail industry majorly contribute toward the growth of the Vietnam ERP for retailers market. However, high investment costs and inadequate flexibility are expected to hamper the growth of the Vietnam ERP for retailers industry. Moreover, surge in adoption of ERP among small and medium retailers, and emergence of cloud-based ERP are expected to create significant opportunities for the Vietnam ERP for Retailers market during the forecast period.
Based on component, the software segment dominated the Vietnam ERP for retailers industry in 2017, and is expected to remain dominant during the forecast period, owing to extensive use of ERP software for different applications, such as customer management, inventory management and so forth. Furthermore, the service segment is expected to grow at the highest CAGR during the forecast period, owing to rise in need of consulting and deployment services among small- and medium-sized businesses in Vietnam.
The Vietnam ERP for retailers industry was led by the inventory management segment in 2017, and is projected to maintain its dominance during the forecast period, owing to the growth of the retail industry in Vietnam, supported by rise in spending, which enables the retailers to effectively manage the inventory levels, and improves business process and customer satisfaction. However, the demand forecasting segment is expected to witness the highest growth. The retailers face heavy customer footfall in most of the situations as customers to cater to the requirements of the customers. As a result, it is important to meet the demand with supply and offer them great service, which helps retain customers, and thus, in turn fosters the growth of the market. The retail ERP software enables easy and accurate tracking of past trends and forecasting of future demands. Moreover, it also helps them in maximizing sales and reducing inventory carrying costs, thus maintaining customer satisfaction and considered as a major Vietnam ERP for retailers market opportunity.
Key Findings of the Vietnam Erp For Retailers Market:
Based on component, ERP services are expected to exhibit significant growth in the Vietnam ERP for retailers market during the forecast period.
In 2017, the on-premise accounted for the highest revenue among the deployment model category.
Based on application, the inventory management generated the highest revenue in Vietnam ERP for Retailers market share in 2017.
According to retailer size,the small and medium retailer is anticipated to exhibit substantial growth during the forecast period.
The Vietnam ERP for Retailers market analysis include some of the key market players such as Deskera, Epicor Software Corporation, Exact, IBM Corporation, Infor, Microsoft Corporation, Oracle Corporation, Plex Systems, Inc., SAP SE, and The Sage Group plc.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
