Vietnam Discrete Manufacturing Erp Market
Vietnam Discrete Manufacturing ERP Market - By Deployment Mode (Cloud, On-premises); By Function (Finance, Human Resource, Supply Chain, Production, Others); Industry Vertical (Aerospace & Defense, Automotive, Electronics & Semiconductor, Industrial Machinery, Medical Devices, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: May 2023
- Report ID: BWC23396
- Available Format: PDF
- Page: 200
Report Overview
Increasing adoption of cloud-based solutions, a spurring demand for automation and digitization, government initiatives to promote Industry 4.0, and the increasing need for enhanced operational efficiency are propelling the growth of Vietnam Discrete Manufacturing ERP Market during the forecast period between 2023 and 2029.Vietnam Discrete Manufacturing ERP Market – Trends & Forecast Report, 2029
Vietnam discrete manufacturing ERP market size was estimated at USD 133.8 million in 2022. During the forecast period between 2023 and 2029, Vietnam discrete manufacturing ERP market size to grow at a CAGR of 14.50% reaching a value of USD 342.79 million by 2029. Vietnam discrete manufacturing ERP market is driven by several factors, such as increasing demand for automation, the need for real-time visibility across operations, and the adoption of Industry 4.0 technologies. Major players in the market include SAP, Oracle, and Microsoft, among others. The market is expected to grow during the forecast period due to increasing digitalization efforts in the country.
Vietnam Discrete Manufacturing ERP Market - Overview
Vietnam discrete manufacturing ERP (Enterprise Resource Planning) market refers to the sector in Vietnam's economy that produces separate and distinct products, such as electronics, automobiles, machinery, and software solutions that assist in managing their operations. ERP software is designed to help manufacturers with various functions, including inventory management, supply chain management, production planning, and scheduling, among others. This market includes both local and international vendors that offer ERP solutions tailored to the specific needs of discrete manufacturers operating in Vietnam. The Vietnam discrete manufacturing ERP market is expected to grow in the coming years, driven by the country's rapidly developing manufacturing industry.
Growth Drivers
Strong Economic Growth and Increasing Demand for Efficient Operations
Vietnam's economy has been experiencing robust growth in recent years, with an average growth rate of 6–7% annually. This growth has been fueled by the country's strong manufacturing industry, which accounts for a sizable portion of the country's GDP. To stay competitive and meet the increasing demand for quality products, discrete manufacturers in Vietnam are turning to Enterprise Resource Planning (ERP) software solutions to streamline their operations and increase efficiency. The Vietnam discrete manufacturing ERP market is expected to see significant growth as a result, with more companies are increasingly adopting these solutions to gain a competitive edge in the market.
Restraints
Limited Adoption of Technology
The growth of Vietnam discrete manufacturing ERP market may be affected, due to the limited adoption of technology by manufacturers in the country. Despite the benefits that enterprise resource planning (ERP) systems can bring to businesses, such as increased efficiency and cost savings, many manufacturers in Vietnam are still using manual processes or legacy systems. The high cost of implementing ERP solutions, along with the lack of skilled professionals to operate and maintain them, also poses a challenge for smaller manufacturers. Thus, the growth of the Vietnam discrete manufacturing ERP market is being hindered by the slow adoption of technology by manufacturers.
Impact of COVID-19 on the Vietnam Discrete Manufacturing ERP Market
The COVID-19 pandemic adversely affected the Vietnam discrete manufacturing ERP market. The country's strict lockdown measures and supply chain disruptions have forced many manufacturers to delay or cancel their ERP implementation plans. However, as the economy recovers and businesses adapt to the new normal, the demand for ERP solutions is expected to increase. This is driven by the need for improved operational efficiency and cost savings. Cloud-based ERP solutions are likely to be in high demand, as they offer flexibility and scalability, allowing businesses to adapt to changing market conditions. Overall, the Vietnam discrete manufacturing ERP market is expected to rebound in the post-pandemic era.
Vietnam Discrete Manufacturing ERP Market
Segmental Coverage
Vietnam Discrete Manufacturing ERP Market - By Deployment Mode
On the basis of deployment mode, Vietnam discrete manufacturing ERP market is divided into Cloud and On-premises segments. The Cloud segment refers to ERP software solutions that are hosted and managed in a remote server or data center and accessed through the Internet. On-premises, on the other hand, refers to ERP software solutions that are installed and run on a local server or computer network within the company's premises.
The Cloud segment is growing in popularity due to its cost-effectiveness, flexibility, and scalability, while the On-premises segment is still preferred by companies with specific security and customization requirements. Both segments offer different advantages and disadvantages, and the choice between them ultimately depends on the company's needs and preferences.
Vietnam Discrete Manufacturing ERP Market – By Function
On the basis of function, Vietnam discrete manufacturing ERP market is divided into Finance, Human Resource, Supply Chain, and Production segments. The supply chain segment dominates the market, as it enables businesses to optimize their supply chain operations and reduce costs. This is especially crucial for Vietnam's manufacturing industry, which heavily relies on imported raw materials and components. The production segment also plays a significant role, as it allows businesses to streamline their manufacturing processes and improve efficiency. However, finance and human resource segments are equally important, as they help businesses manage their finances and human resources effectively. Overall, a well-integrated ERP solution can help Vietnamese manufacturers stay competitive in the global market.
Vietnam Discrete Manufacturing ERP Market – By Industry Vertical
By industry vertical, Vietnam discrete manufacturing ERP market is divided into Aerospace & Defense, Automotive, Electronics & Semiconductor, Industrial Machinery, and Medical Devices segments. The electronics & semiconductor is currently the leading segment in the Vietnam discrete manufacturing ERP market by industry vertical. This is due to the country's fast-expanding electronics industry, which is fueled by factors such as low labor costs, favorable government regulations, and an increasingly competitive workforce. The electronics & semiconductor sector is expected to grow at a steady rate, fueled by rising demand for electronic devices and components. Other industries, such as automotive and medical devices, are exhibiting great growth potential and will increase demand for ERP solutions during the forecast period.
Competitive Landscape
Major players in Vietnam discrete manufacturing ERP market include SAP Vietnam, Infor Vietnam, Oracle Vietnam, Epicor Software Corporation, Sage Software Asia Pte Ltd, QAD Inc., IFS AB, Aptean, Exact Software, and Plex Systems, Inc. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Recent Developments
-
In August 2021 - SAP Vietnam formed a partnership with FPT Information System (FPT IS), a leading provider of digital transformation and IT services in Vietnam, to provide SAP's cloud-based ERP solutions to Vietnamese enterprises, particularly those in the manufacturing and retail sectors.
-
In March 2021 - CIO Advisor APAC recognized IFS, a global enterprise software provider, as one of the top 10 ERP solution providers in the APAC region, including Vietnam. IFS has been expanding its presence in Vietnam, particularly in the manufacturing and industrial sectors.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Market Coverage |
Vietnam |
Product/Service Segmentation |
Deployment Mode, Function, Industry Vertical |
Key Players |
SAP Vietnam, Infor Vietnam, Oracle Vietnam, Epicor Software Corporation, Sage Software Asia Pte Ltd, QAD Inc., IFS AB, Aptean, Exact Software, Plex Systems, Inc. |
By Deployment Mode
-
Cloud
-
On-premises
By Function
-
Finance
-
Human Resource
-
Supply Chain
-
Production
-
Others
Industry Vertical
-
Aerospace & Defense
-
Automotive
-
Electronics & Semiconductor
-
Industrial Machinery
-
Medical Devices
-
Others
- Research Framework
- Research Objective
- Technology Overview
- Market Segmentation
- Executive Summary
- Vietnam Discrete Manufacturing ERP Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing demand for automation and digitization in the manufacturing industry
- Increasing need for real-time tracking and monitoring of manufacturing operations
- Rising adoption of cloud-based ERP solutions
- Restraints
- Data security and privacy concerns related to cloud-based ERP solutions
- Availability of alternative software solutions for manufacturing operations
- Opportunities
- Growing demand for ERP solutions in emerging industries
- Growing trend towards outsourcing of manufacturing operations in Vietnam
- Challenges
- Complexity of ERP solutions leads to potential resistance from end-users
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Vietnam Discrete Manufacturing ERP Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share and Forecast
- By Deployment Mode
- Cloud
- On-premises
- By Function
- Finance
- Human Resource
- Supply Chain
- Production
- Others
- Industry Vertical
- Aerospace & Defense
- Automotive
- Electronics & Semiconductor
- Industrial Machinery
- Medical Devices
- Others
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Vietnam Discrete Manufacturing ERP Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Vietnam Discrete Manufacturing ERP Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- SAP Vietnam
- Infor Vietnam
- Oracle Vietnam
- Epicor Software Corporation
- Sage Software Asia Pte Ltd
- QAD Inc.
- IFS AB
- Aptean
- Exact Software
- Plex Systems, Inc.
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Vietnam Discrete Manufacturing ERP market Segmentation
Figure 2 Vietnam Discrete Manufacturing ERP Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Discrete Manufacturing ERP Market Size, By Value (USD Million), 2019–2029
Figure 5 Vietnam Discrete Manufacturing ERP Market Share, By Deployment Type, By Value, 2019–2029
Figure 6 Vietnam Discrete Manufacturing ERP Market Share, By Function, By Value, 2019–2029
Figure 7 Vietnam Discrete Manufacturing ERP Market Share, Industry Vertical, By Value, 2019–2029
List of Tables
Table 1 Vietnam Discrete Manufacturing ERP Market Size, By Value (USD Million), 2019–2029
Table 2 Vietnam Discrete Manufacturing ERP Market Size, By Deployment Type, By Value, 2019–2029
Table 3 Vietnam Discrete Manufacturing ERP Market Size, By Function, By Value, 2019–2029
Table 4 Vietnam Discrete Manufacturing ERP Market Size, Industry Vertical, By Value, 2019–2029
Table 5 SAP Vietnam Company Overview
Table 6 SAP Vietnam Financial Overview
Table 7 Infor Vietnam Company Overview
Table 8 Infor Vietnam Financial Overview
Table 9 Oracle Vietnam Company Overview
Table 10 Oracle Vietnam Financial Overview
Table 11 Epicor Software Corporation Company Overview
Table 12 Epicor Software Corporation Financial Overview
Table 13 Sage Software Asia Pte Ltd Company Overview
Table 14 Sage Software Asia Pte Ltd Financial Overview
Table 15 QAD Inc. Company Overview
Table 16 QAD Inc. Financial Overview
Table 17 IFS AB Company Overview
Table 18 IFS AB Financial Overview
Table 19 Aptean Company Overview
Table 20 Aptean Financial Overview
Table 21 Exact Software Company Overview
Table 22 Exact Software Financial Overview
Table 23 Plex Systems, Inc. Company Overview
Table 24 Plex Systems, Inc. Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.