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Vietnam ERP for Retailers Market to Witness Huge Growth Of USD 26,058.89 billion by 2025 | PLEX SYSTEMS, DESKERA, EXACT

02-08-2023 05:38 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Vietnam ERP for Retailers Market

Vietnam ERP for Retailers Market

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.

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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.

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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.

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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Key Benefits for Vietnam ERP For Retailers Market:

• This study includes the analytical depiction of the Vietnam ERP for retailers market trends along with future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities.

• The current Vietnam ERP for retailers market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.

• Porters Five Forces analysis illustrates the potency of buyers & suppliers in the Vietnam ERP for retailers market.

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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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