Supply Chain Management Software - Vietnam

The revenue in the Supply Chain Management Software market in Vietnam is projected to reach US$15.23m in 2024.
This represents a significant growth opportunity for the country's market.
Experts anticipate an annual growth rate (CAGR 2024-2029) of 7.94%, which will result in a market volume of US$22.32m by 2029.
Furthermore, the average spend per employee in the Supply Chain Management Software market in Vietnam is expected to reach US$0.27 in 2024.
This indicates the level of investment and efficiency that companies in the country are dedicating to their supply chain operations.
In global comparison, it is important to note that United States is currently the leading market in terms of revenue generation.
In 2024, United States is projected to generate a substantial revenue of US$10.90bn.
This highlights the significance of the US market and its dominance in the Supply Chain Management Software market industry.
Vietnam is experiencing a surge in demand for cloud-based supply chain management software to optimize logistics and enhance efficiency.

Definition:

The Supply Chain Management Software market covers software applications that support organizations in managing their supply chain activities by providing them with tools to optimize their inventory, manage their suppliers and vendors, and improve their logistics operations. This can help organizations reduce costs, improve customer service, and increase competitiveness.

Products in the Supply Chain Management Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Supply Chain Management 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 SAP, Oracle, Blue Yonder, and Infor.

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Logistics applications, such as NetSuite, Fishbowl, and Brightpearl
Inventory management, such as Zoho Inventory, InventoryCloud, and Ordoro
Production planning, such as Visual Planning, Odoo, and MRPeasy

Analytics software, such as MicroStrategy, Qlik Sense, and Looker
Procurement software, such as SAP Ariba, Kissflow, and Procurify
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

Supply Chain Management Software market in Vietnam has been experiencing significant growth in recent years. The market is driven by several factors that are unique to the country.

Customer preferences: Vietnamese companies are increasingly adopting Supply Chain Management Software to streamline their operations. The software helps companies to optimize their supply chain processes, reduce costs, and improve customer satisfaction. With the rise of e-commerce in Vietnam, companies are looking for ways to improve their logistics and delivery capabilities. Supply Chain Management Software provides a solution to these challenges by improving the efficiency of the supply chain and reducing delivery times.

Trends in the market: One of the key trends in the Supply Chain Management Software market in Vietnam is the adoption of cloud-based solutions. Cloud-based solutions offer several advantages over on-premise solutions, including lower costs, greater scalability, and improved accessibility. Vietnamese companies are increasingly adopting cloud-based Supply Chain Management Software to improve their operations and reduce costs.Another trend in the market is the integration of artificial intelligence and machine learning into Supply Chain Management Software. These technologies can help companies to optimize their supply chain processes, predict demand, and improve inventory management. Vietnamese companies are starting to adopt these technologies to improve their supply chain operations and gain a competitive advantage.

Local special circumstances: Vietnam is a rapidly developing country with a young and tech-savvy population. The country has a large and growing e-commerce market, which is driving demand for Supply Chain Management Software. Vietnamese companies are also looking to expand their operations overseas, which requires sophisticated supply chain management capabilities.

Underlying macroeconomic factors: Vietnam's economy has been growing rapidly in recent years, driven by strong exports and foreign investment. The country's membership in the ASEAN Economic Community has also helped to boost trade and investment. These factors are driving demand for Supply Chain Management Software as companies look for ways to improve their operations and compete in the global market. Additionally, the Vietnamese government has been actively promoting the adoption of digital technologies, which is helping to drive the adoption of Supply Chain Management Software.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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