DUBLIN--(BUSINESS WIRE)--The "Vietnam Enterprise Resource Planning (ERP) Market, By Component (Software and Services), By Deployment Type (On-Premises and Cloud), By Function, By End User, By Enterprise, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
Vietnam ERP market is projected to grow at a significant rate during the forecast period, 2023-2027
The market growth can be attributed to the rising demand for managing daily operations and business activities within the organizations. Besides, rising penetration of the global IT companies and rapidly increasing industrial organizations and corporate offices are expected to support the growth of the Vietnam ERP market.
Additionally, rising demand for the affordable and effective multi-level functions of businesses is also anticipated to aid the market growth. Increasing application of internet and internet of things as well as incorporation of the processes with the artificial intelligence are also facilitating the growth of the Vietnam ERP market in the coming years.
ERP is an abbreviation for enterprise resource planning. The process includes specialised software given by many sources and services that aid in the effective use of the software throughout the firm.
The software program aids in the management of a company's finances, supply chain, operations, commerce, reporting, production, and human resources. Accounting, business entities, corporate governance, corporate law, corporate title, economics, finance, consumer management, staff management, and other company verticals may all be run efficiently with ERP.
Rising ERP integration into organizations and businesses will fuel the growth of the Vietnam ERP market during the next five years. Several corporations are aggressively investing in ERP solutions in their businesses, whether single product or multi-disciplinary, hence assisting market growth. The benefits of using ERP in processes, management experience, and best practises in company, as well as its operational capacity, security, and interoperability, all influence ERP system adoption and hence substantiate market growth.
Different industries and enterprises use different ERP models to help with business applications. As in banking and finance, financial management ERP systems are integrated with core business systems such as core banking and core insurance.
ERP can help commercial firms with functions such as financial administration, warehouse management, purchasing, and sales management. Other benefits that promote the demand for ERP include better staff management, clear processes, eliminating duplication of work, quality control, project management, and so on.
Objective of the Study:
- To analyze the historical growth in the market size of the Vietnam ERP market from 2017 to 2021.
- To estimate and forecast the market size of Vietnam ERP market from 2022E to 2027F and growth rate until 2027F.
- To classify and forecast the Vietnam ERP market based on component, deployment type, function, end user, enterprise, region, and company.
- To identify the dominant region or segment in the Vietnam ERP market.
- To identify drivers and challenges for the Vietnam ERP market.
- To examine competitive developments such as expansions, new software launches, mergers & acquisitions, etc., in the Vietnam ERP market.
- To identify and analyze the profiles of leading players operating in the Vietnam ERP market.
- To identify key sustainable strategies adopted by market players in Vietnam ERP market.
Report Scope:
Years considered for this report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022E
- Forecast Period: 2023F-2027F
Vietnam ERP Market, By Component:
- Software
- Services
Vietnam ERP Market, By Deployment Type:
- On-Premises
- Cloud
Vietnam ERP Market, By Function:
- Finance
- Human Resource
- Customer Management
- Inventory Management
- Supply Chain
- Others
Vietnam ERP Market, By End User:
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government & Utilities
- IT & Telecom
- Others
Vietnam ERP Market, By Enterprise:
- Medium
- Large
- Small
Vietnam ERP Market, By Region:
- Northern Region
- Central Region
- Southern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam ERP market.
- 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
For more information about this report visit https://www.researchandmarkets.com/r/x75y2
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