Vietnam Blockchain
market is anticipated to grow at a double-digit CAGR for the forecast period, 2023-2027.
The rise in awareness towards the benefits of buying cryptocurrency remains
unaffected by currency devaluation, sending and receiving remittances, and
smoothly carrying out business transactions.
Blockchain technology helps improve transparency in financial
transaction management. The growing digitalization in all the prominent
industry verticals is fostering the demand for the Vietnam Blockchain market in
the next five years.
The rise in venture capital funding and
the growing use of Blockchain technology for advanced cybersecurity solutions
and the banking sector are the factors influencing the Vietnam Blockchain
market. The extensive use of Blockchain solutions for making online
transactions and smart contracts is projected to create lucrative opportunities
for the Vietnam Blockchain market growth. The launch of bitcoin accelerated the
use of Blockchain technology for different purposes. Blockchain is in high
demand for business applications comprising digital identity, smart contracts,
documentation, exchanges, and the national economy. The government is promoting
the adoption of advanced technologies. The high deployment rate of Blockchain
technology across prominent industry verticals such as e-commerce, banking,
retail is boosting the demand for Blockchain technology in Vietnam.
In Vietnam, initiatives are taken by
leading authorities to develop smart cities such as Hanoi, Ho Chi Minh City,
Danang, Binh Duong, and Nha Trang, fueling the inculcation of Blockchain
technology of the major technologies in smart city construction. The government
promotes smart cities to the citizens as they boast of modern and sustainable
infrastructure and socio-economic development. The use of combined technologies
including Blockchain, 5G, and facial recognition and sensors is propeling the
growth of the Vietnam Blockchain market. The proliferation of the 5G technology
in Vietnam is expected to create huge growth potential for market growth. The
growing demand for the 5G networks from the country’s major industries,
including healthcare, energy, transportation, and manufacturing, is also
required to develop smart cities, is expected to accelerate the Vietnam Blockchain
market growth in the coming five years.
The Vietnamese government has signed a
policy aimed at lowering the volume of cash transactions in the country. The
government is promoting cashless technology to increase the transparency and
efficient management of secure transaction records for different purposes. The State Bank of Vietnam and South Korean
payment service provider Alliex have developed a network supporting cashless
transactions. Local leading authorities are trying to develop the fintech
technology in Vietnam, which is expected to use Blockchain technology for
technological upgrades. The state agencies working in Vietnam are formulating a
road map to guide and create awareness about the use and applications of Blockchain
technology.
Click here to download the sample
The Vietnam Blockchain market is
segmented on the basis of component, provider, type,
organization size, application area, regional distribution, and company. Based
on the component, the market is divided into platforms and services. Based on
the provider, the market is divided into application, middleware, and
infrastructure. Based on the type, the market is divided into private, public,
and hybrid. Based on the organization size, the market is divided into small
and medium sized enterprises, large enterprises.
Based on the application area,
the market is divided into transportation and logistics, food &
agriculture, manufacturing, energy & utilities, healthcare, media and
entertainment, banking and financial services, IT & telecom, and others. To
analyze the market based on the region, the Vietnam Blockchain market is
studied in major regions namely Northern region, Southern region, and Central
region.
Ekoios Technology, SOTATEK JSC, InApps
Technology, Amaris, Hekate, QSoft Vietnam, Dwarves Foundation, Pearl Data
Solutions, Chainos Solution, Techchain Software, are among the major market
players in the Vietnam that lead the market growth of the Vietnam Blockchain
market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 –
2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023
– 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered
|
·
Component
·
Provider
·
Type
·
Organization Size
·
Application Area
|
|
Regional scope
|
North,
South, Central
|
|
Key companies profiled
|
Ekoios Technology, SOTATEK JSC, InApps Technology, Amaris, Hekate,
QSoft Vietnam, Dwarves Foundation, Pearl Data Solutions, Chainos Solution, Techchain
Software
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
|
Report Scope:
In this report, Vietnam Blockchain
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Vietnam Blockchain Market, By Component:
- Vietnam Blockchain Market, By Provider:
- Application
- Middleware
- Infrastructure
- Vietnam Blockchain Market, By Type:
- Vietnam Blockchain Market, By Organization Size:
- Small and Medium Sized Enterprises
- Large Enterprises
- Vietnam Blockchain Market, By Application Area:
- Transportation and Logistics
- Food & Agriculture
- Manufacturing
- Energy & Utilities
- Healthcare
- Media and Entertainment
- Banking and Financial Services
- IT & Telecom
- Others
- Vietnam Blockchain Market, By Region:
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Vietnam Blockchain market.
Available Customizations:
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:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Vietnam Blockchain 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]