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eCommerce Software - Vietnam

Vietnam
  • In Vietnam, the eCommerce Software market is expected to experience significant growth in the coming years.
  • According to projections, the market's revenue is set to reach US$6.69m by 2025.
  • Furthermore, it is anticipated that this growth will continue at a compound annual growth rate (CAGR) of 7.05% between 2025 and 2029, resulting in a market volume of US$8.79m by the end of the forecast period.
  • When it comes to the average Spend per Employee in the eCommerce Software market, it is estimated to reach US$0.12 in 2025.
  • This metric serves as an indication of the financial investment made per employee in the sector.
  • In a global context, United States is projected to generate the highest revenue in the eCommerce Software market, with an estimated figure of US$4.54bn in 2025.
  • This highlights the dominance of the United States in the market segment.
  • These numbers demonstrate the potential for growth and development in the eCommerce Software market in Vietnam, as well as the significant revenue generation United States.
  • Vietnam is experiencing a surge in the adoption of eCommerce software, as businesses embrace digital transformation to tap into the country's growing online consumer base.

Definition:

The eCommerce Software market covers a wide range of software applications that support organizations in managing their online sales channels. These solutions typically include features for managing product catalogs, automation of shopping carts, order management, inventory management, and handling order fulfillment.

Products in the eCommerce Software market are most commonly available in the forms of cloud-based software and subscription services.

Additional Information:

The eCommerce Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by enterprises (B2B) and governments (B2G).

Key players in this market include Shopify, Salesforce, SAP, and Adobe.

For more information on the displayed data, use the info button right next to the boxes.

In-Scope
  • eCommerce software, such as BigCommerce, Shopify, WooCommerce, Salesforce Commerce Cloud, and Volusion
  • Product management, such as Jira Software (Atlassian) and CollabNet VersionOne
  • User accounts management, such as Microsoft, Okta, and OneLogin
  • Order management, such as SAP Order Management, Microsoft Dynamics 365 Commerce, and NetSuite Order Management
Out-Of-Scope
  • Administrative Software, such as ADP, Gusto, Workday, and SAP
  • Office Software, such as Microsoft, Google, and Zoho
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Study Details
    methodology
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    Revenue

    Created with Highcharts 11.4.8ValuesTotal2016201720182019202020212022202320242025202620272028202951015202530354045505560

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Market Insights

    2016
    2017
    2018
    2019
    2020
    2021
    2022
    2023
    2024
    2025
    2026
    2027
    2028
    Gartner3,664.454,056.554,573.455,210.85
    IDC2,388.12,734.33,007.92,951.13,234.453,551.43,853.254,223.2
    Statista2,109.152,269.052,458.352,591.42,658.352,873.653,050.653,295.053,476.153,654.253,826.453,997.154,203.7

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Jul 2024

    Created with Highcharts 11.4.8ValuesTotal201620172018201920202021202220232024202520262027202820290.050.10.150.20.250.30.350.40.450.50.550.60.65

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Analyst Opinion

    Vietnam's eCommerce Software market has been experiencing significant growth in recent years, driven by the country's increasing internet penetration and the growing popularity of online shopping.

    Customer preferences:     Vietnamese consumers are increasingly turning to online shopping due to the convenience and accessibility it offers. The rise of mobile devices has also contributed to the growth of eCommerce, with many consumers using their smartphones to browse and purchase products online. In addition, there is a growing demand for cross-border eCommerce, as Vietnamese consumers seek access to a wider range of products from international retailers.

    Trends in the market:     One of the key trends in Vietnam's eCommerce Software market is the increasing adoption of cloud-based solutions, which offer greater scalability and flexibility compared to traditional on-premise software. Another trend is the growing importance of data analytics and artificial intelligence in eCommerce, as retailers seek to gain insights into consumer behavior and personalize the shopping experience.

    Local special circumstances:     Vietnam's eCommerce Software market is characterized by a high degree of competition, with both domestic and international players vying for market share. However, domestic players have an advantage in terms of their understanding of the local market and consumer preferences. In addition, Vietnam's complex regulatory environment can present challenges for foreign companies looking to enter the market.

    Underlying macroeconomic factors:     Vietnam's eCommerce Software market is being driven by a combination of factors, including the country's young and tech-savvy population, rising disposable incomes, and improving logistics infrastructure. In addition, the government has been actively promoting the development of eCommerce as part of its broader efforts to modernize the economy and reduce reliance on traditional industries. As a result, Vietnam's eCommerce Software market is expected to continue growing in the coming years, presenting opportunities for both domestic and international players.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Sources: Statista Market Insights, Financial Statements of Key Players, National statistical offices

    Methodology

    Data coverage:

    The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

    Modeling approach / Market size:

    The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

    Forecasts:

    We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

    Additional notes:

    The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Jan 2025

    Source: Statista Market Insights

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    These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.

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