Vietnam artificial intelligence
market is expected to grow at a significant CAGR in the forecast period. The
presence of low-cost labor is attracting technical organizations to invest and
set up plants in Vietnam which is expected to influence the artificial
intelligence market growth. Supportive government policies promoting the
digitization of all prominent industry verticals to increase transparency and
improve the efficiency of organizations are expected to fuel the growth of the
artificial intelligence market in the next five years. The leading authorities
are actively trying to deploy artificial intelligence services to increase the
productivity of the public sector and improve the public services to reduce the
processing and waiting time and other related costs. The growth of the robotic
industry minimizes the chances of human errors and improves the overall
performance of the system. Continuous technological advancements and the
high-end investments for the ongoing research and development activities for
the up-gradation of the existing artificial intelligence technology
infrastructure are creating lucrative opportunities for the artificial
intelligence market growth. The surge in the demand from the prominent industry
verticals such as automotive, healthcare, retail, manufacturing, and finance
industry, among others for the integration of artificial intelligence
technology in their existing systems is expected to fuel the growth of the
artificial intelligence market in the next five years.
Vietnam artificial intelligence
market is segmented into component, technology, deployment mode, end-verticals,
regional distribution, and company. Based on the component, the market can be
divided into hardware, software, and services. The software segment is expected
to hold the largest share of the artificial intelligence market in the forecast
period, 2022-2026. The rise in the need of organizations to gain clarity about
the visual content by the organizations for analysis and monitoring purposes is
expected to fuel the artificial intelligence market growth. Upgradation of the
computing power, processing capacity, and information storage capacity, among
others, are further contributing to the market growth.
The major players operating in the
Vietnam artificial intelligence market are FPT Software,
TMA Solutions, TPS Software Corporation, Zalo, MTI Technology, Ekoios
Technology, AgileTech Vietnam, Kyanon Digital, Beet Innovators, GRDAI, and others.
Major companies are developing advanced technologies and launching new services
to stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the
- To analyze the historical growth of the market
size of Vietnam artificial intelligence market from 2016 to 2019.
- To estimate and forecast the market size of Vietnam
artificial intelligence market from 2020 to 2026 and growth rate until 2026.
- To classify and forecast Vietnam artificial
intelligence market based on component, technology, deployment mode,
end-verticals, regional distribution, and company.
- To identify dominant region or segment in the Vietnam
- To identify drivers and challenges for Vietnam
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Vietnam
- To identify and analyze the profile of leading
players operating in Vietnam artificial intelligence.
- To identify key sustainable strategies adopted
by market players in Vietnam artificial intelligence market.
Click here to download the sample
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Vietnam artificial intelligence market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Artificial intelligence service
- Market research and
- Government bodies such as
regulating authorities and policy makers
Organizations, forums, and alliances related to artificial
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
In this report, Vietnam artificial
intelligence market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
Vietnam Artificial Intelligence Market,
- Vietnam Artificial Intelligence Market, By Technology:
- Deep Learning
- Machine Learning
- Natural Language Processing
- Image Processing
- Vietnam Artificial Intelligence Market, By Deployment
- Vietnam Artificial Intelligence Market, By End-Verticals:
- IT &
- Vietnam Artificial Intelligence Market, By Region:
Company Profiles: Detailed analysis of the major
companies present in Vietnam artificial intelligence market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
intelligence market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]
- Detailed analysis and profiling
of additional market players (up to five).