Vietnam ERP for Retailers Market Report Explores Quantitative Market Analysis
Posted by Jason Lee on September 25th, 2019
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.
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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.
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About the AuthorJason Lee
Joined: September 20th, 2019
Articles Posted: 305
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