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Vietnam Enterprise Resource Planning (ERP) Market By Component (Software and Services), By Deployment Type (On-Premises and Cloud), By Function (Finance, Human Resource, Customer Management, Inventory Management, Supply Chain, Others), By End User (Manufacturing, BFSI, Healthcare, Retail, Government & Utilities, It & Telecom, Others), By Enterprise (Medium, Large and Small), By Region, Competition Forecast & Opportunities, 2027
Market Report I 2023-02-01 I 74 Pages I TechSci Research
Vietnam ERP market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to increasing demand for managing the day-to-day business activities within the organizations. The growing penetration of global IT companies and their excellent services further drive the growth of the Vietnam ERP market in the upcoming five years. Rapidly increasing industrial organizations, and corporate offices along with the expansion of the IT industry further support the growth of the Vietnam ERP market in the next five years. The recent market is also experiencing growth in the demand for affordable and effective multi-level functions of businesses and organizations that also aid market growth. With the increased usage of the internet and the internet of things, the incorporation of the processes with artificial intelligence also facilitates the growth of the Vietnam ERP market in the future five years.
ERP widely stands for enterprise resource planning. The process has specific software provided by different sources and services that help in using the software effectively throughout the company. The software helps in managing the company's financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities. Multiple verticals of a business that can be operated feasibly using ERP include accounting, business entities, corporate governance, corporate law, corporate title, economics, finance, consumer management, employee management, etc.
Expanding Applications Of ERP Facilitate Market Growth
Rising adoption of the integrated use of ERP in organizations and businesses drives the growth of the Vietnam ERP market in the upcoming five years. Multiple organizations are actively investing in ERP implementations in their business across a single-product business or multi-disciplinary business thus aiding market growth. The advantages of the use of ERP in process, management experience and best practices in business along with its operational capacity, security, and interoperability also influence the adaptation of the ERP systems and thus substantiate the market growth.
Different industries and businesses have different models of ERP to facilitate business applications. Banking and finance companies use financial management ERP systems that are integrated with the core business systems like core banking, and core insurance. For commercial businesses, functions like financial management, warehouse management, purchasing, and sales management are important sectors that ERP may aid. Other advantages supporting the demand for ERP include managing personnel effectively, clear processes, eliminating duplication of work, quality control, project management, etc.
Market Segmentation
The Vietnam ERP market is segmented by component, deployment type, function, end user, enterprise, competitional landscape, and regional distribution. Based on components, the market is differentiated between software and services. By deployment type, the market is divided between on-premises and cloud. Based on function, the market is further segmented into finance, human resource, customer management, inventory management, supply chain, and others. By end user, the market is fragmented into manufacturing, BFSI, healthcare, retail, government & utilities, it & telecom, and others. Based n enterprise, the market is bifurcated into medium, large, and small enterprises. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern Region, Central Region, and Southern Region.
Company Profile
IBM Vietnam Company, SAP Vietnam, Oracle Vietnam Pte Ltd, Sage Software Asia Pte Ltd, Microsoft Vietnam, Infor Vietnam Inc., Epicor Software Vietnam Company Limited, ESI Services Vietnam Co., Ltd., Workday, Inc., Syspro Software Company, among others, is a partial list of major market players of the companies responsible for the growth of Vietnam ERP market.
Report Scope:
In this report, Vietnam ERP market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Vietnam ERP Market, By Component:
o Software
o Services
- Vietnam ERP Market, By Deployment Type:
o On-Premises
o Cloud
- Vietnam ERP Market, By Function:
o Finance
o Human Resource
o Customer Management
o Inventory Management
o Supply Chain
o Others
- Vietnam ERP Market, By End User:
o Manufacturing
o BFSI
o Healthcare
o Retail
o Government & Utilities
o IT & Telecom
o Others
- Vietnam ERP Market, By Enterprise:
o Medium
o Large
o Small
- Vietnam ERP Market, By Region:
o Northern Region
o Central Region
o Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam ERP market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Service Overview
2. Research Methodology
3. Impact of COVID-19 on Vietnam ERP Market
4. Executive Summary
5. Voice of Customer
6. Vietnam ERP Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component (Software and Services)
6.2.2. By Deployment Type (On-Premises and Cloud)
6.2.3. By Function (Finance, Human Resource, Customer Management, Inventory Management, Supply Chain, Others)
6.2.4. By End User (Manufacturing, BFSI, Healthcare, Retail, Government & Utilities, It & Telecom, Others)
6.2.5. By Enterprise (Medium, Large and Small)
6.2.6. By Region
6.2.7. By Company (2021)
6.3. Market Map
7. Vietnam ERP Finance Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment Type
7.2.3. By End User
7.2.4. By Enterprise
7.2.5. By Region
8. Vietnam ERP Human Resource Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Deployment Type
8.2.3. By End User
8.2.4. By Enterprise
8.2.5. By Region
9. Vietnam ERP Customer Management Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Deployment Type
9.2.3. By End User
9.2.4. By Enterprise
9.2.5. By Region
10. Vietnam ERP Inventory Management Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Deployment Type
10.2.3. By End User
10.2.4. By Enterprise
10.2.5. By Region
11. Vietnam ERP Supply Chain Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Component
11.2.2. By Deployment Type
11.2.3. By End User
11.2.4. By Enterprise
11.2.5. By Region
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. Vietnam Economic Profile
16. Company Profiles
16.1. IBM Vietnam Company
16.2. SAP Vietnam
16.3. Oracle Vietnam Pte Ltd
16.4. Sage Software Asia Pte Ltd
16.5. Microsoft Vietnam
16.6. Infor Vietnam Inc
16.7. Epicor Software Vietnam Company Limited
16.8. ESI Services Vietnam Co., Ltd
16.9. Workday, Inc.
16.10. Syspro Software Company
17. Strategic Recommendations
(Note: The companies list can be customized based on the client requirements.)
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