Vietnam Artificial Intelligence (AI) Market is Dominated By Manufacturing Through 2028
Growing
demand for automated vehicles and growing investments in artificial
intelligence systems are expected to increase the demand for Vietnam artificial
intelligence market during the forecast period of 2024-2028.
According
to TechSci Research report, “Vietnam Artificial Intelligence Market - By
Region, Competition, Forecast & Opportunities, 2028”, Vietnam
Manufactured Insights later development of manufactured insights showcase has
been enormously supported by showcase strengths caused by the fast take-up of
advanced and internet-based advances. Much obliged to the enormous ventures in
inquire about and advancement made by the IT behemoths, specialized progression
is continually progressing over a wide range of businesses. The Vietnam AI
sector is expanding quickly as a result of the rising popularity of numerous
life-saving medical products and the self-driving capabilities of new electric
vehicles.
This
is a result of rising demand for automation solutions in a number of SMEs and
major businesses during the course of the term, as well as an increase in the
trends towards digital transformation in corporate organizations. Additionally,
during the post-pandemic phase, businesses are more likely to concentrate on
strategies that can help with boosting productivity and general efficiency.
Because of this, companies are anticipated to invest a lot of money in
artificial intelligence (AI) products in the upcoming years.
Additionally,
workflow management systems, trend projections, and even the way businesses buy
advertising are among the applications of artificial intelligence that are
being used to increase productivity in previously unheard-of ways.
Additionally, it immediately recognizes odd patterns, such as spam and fraud,
to alert businesses of dubious behavior, while simultaneously lowering the risk
of an error and improving organizational effectiveness.
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The
Artificial Intelligence market is segmented into component, technology,
deployment, and industry. Based on component, the market is divided into
hardware, software and services. Based on technology, the market is segmented
into machine learning, natural language processing, and others. Based on
deployment, the market is segmented into cloud, and on-premises. Based on
industry, the market is segmented into IT & telecom, healthcare, retail
& e-commerce, logistics & transportation, manufacturing, consumer
electronics, BFSI, and others.
Manufacturing
segment will the highest contributor to the market, Manufacturing is the
largest industry segment in the Vietnam artificial intelligence market, as
planning and operations on the production floor are where AI can provide the
most value to the manufacturing sector. The advent of intelligent manufacturing
and digital factories will be heralded by the development of 4IR technologies.
In 2020, there were approximately 2.7 million industrial robots used globally,
according to the International Federation of Robotics (IFR), and this trend is
anticipated to continue growing as digitization initiatives increase.
Additionally, manufacturers will continue to invest in technologies like AI and
machine learning to further cut production costs and accelerate time to market.
In the wake of a global pandemic, manufacturers may be able to develop more
resilient businesses with the use of technology like artificial intelligence
that automates tasks, anticipates disruptions, and provides end-to-end control of
all operations.
Key
market players in the Vietnam Artificial Intelligence (AI) Market include:
- FPT Software LLC
- TECHVIFY SOFTWARE., JSC
- KMS Technology Vietnam
- Orient Software Development Corp.
- Rikkeisoft
- Kyanon Digital
- TMA Solutions
- Harvey Nash (Vietnam) Company Ltd.
- TP&P Technology
- Agile Tech Vietnam.
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Modern
AI tools give cloud computing new and improved value. This element is essential
for incorporating new technologies as well as raising overall process
viability. AI software aids in bridging the technological divide between
contemporary technology advancements and cloud computing. Additionally, it aids
in meeting the needs of start-ups and new companies. The AI cloud thus makes it
possible for two technologies—AI hardware and AI software, to converge. Cloud
computing and artificial intelligence are combined in an AI cloud hybrid
system. It contributes to the development of a cloud environment resembling the
human brain.
“Despite
the general public's lack of familiarity with AI, factors such as the rise in
healthcare facilities following the COVID-19 outbreak, rising automation, the
rapid adoption of machine learning, and other factors are contributing to its
rapid spread. On the other hand, artificial intelligence is improving
activities that were previously completed using conventional methods. The
optimization of data and information processing power in the future will
undoubtedly depend more and more on AI scenario planning. AI advancements may
lead to the development of original, clever scenario-related models that can
respond to outside stimuli and many more factors will drive the market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Vietnam
Artificial Intelligence Market By Component (Hardware, Software, Services), By
Technology (Machine Learning, Natural Language Processing, Others), By
Deployment (Cloud, On-premises), By Industry (IT & Telecom, Healthcare,
Retail & E-Commerce, Logistics & Transportation, Manufacturing,
Consumer Electronics, BFSI, Others), By Region, Competition, Forecast and
Opportunities, 2028”,
has evaluated the future growth potential of Vietnam Artificial Intelligence
Market and provides statistics and information on market structure, size,
share, and future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Vietnam
Artificial Intelligence Market.
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