Vietnam
internet of things market stood at USD 2022.21 Million
in 2019 and is projected to grow at a CAGR of around 24.03 % to reach USD 7321.92
Million by 2025. Increasing in adoption of IoT solutions
across enterprises, growing number of connected devices and increasing
proliferation of smartphones to drive Vietnam internet of things market through
2025.
Significant
increase in data generation and rising demand for analytics, owing to the
surging deployment of IoT devices and increasing demand for analytics in
manufacturing is supplementing the growth of internet of things market in
Vietnam.
Cloud
platform makes it convenient to access data from anywhere while ensuring
security as well as providing huge storage capacities. Such factors help in
harnessing the potential of connected devices, which is expected to propel the
growth of Vietnam IoT market in the coming years.
Vietnam
internet of things market can be segregated based on platform, component, type,
application and region. Based on component,
hardware accounted for 42.42% share in 2019 and the trend is anticipated to
continue until 2025 due to increasing adoption of IoT
in various end user industries for improving operational efficiency. In terms
of regional analysis, Northern Vietnam led the market in 2019 and the trend is
likely to continue through 2025 due to government initiatives in the region
such as smart grid and smart city. In addition, majority of companies have
their headquarters in the region; thereby, positively influencing the growth of
the market.
Some of the
major players operating in Vietnam internet of things market are FPT
Corporation, Viettel-CHT Limited (Viettel IDC), CMC Corporation, Vietnam Posts
and Telecommunications Group, KDDI Vietnam Corporation, Microsoft Services Asia,
IBM Vietnam Co Ltd., Amazon Web Services Vietnam Company Limited, Cisco Systems
Vietnam Ltd, and Oracle Vietnam Pte Ltd. Companies
operating in the market are using growth strategies such as investment in
research & development in order to register growth in the market.
Years Considered
for this Report:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2025
Objective
of the Study:
·
To analyze
and forecast Vietnam Internet of Things market size.
·
To
categorize the market on the basis of platform, component, type, application,
region and company.
·
To
analyze and forecast Vietnam Internet of Things market with respect to component:
network management, application management and device management.
·
To
analyze and forecast Vietnam Internet of Things market with respect to type: B2B, B2C and B2G.
·
To
analyze and forecast Vietnam Internet of Things market with respect to application: Consumer
Electronics, Smart Mobility & Transportation, Building & Home
Automation, Connected Logistics, Smart Retail, and Others.
·
To
analyze and forecast Vietnam Internet of Things market with respect to Region: North Vietnam,
Central Vietnam and South Vietnam.
·
To
understand major policies and regulations which can positively or negatively
impact Vietnam Internet of Things market.
·
To
identify major drivers, challenges and trends in Vietnam Internet of Things market.
·
To
evaluate pricing analysis in Vietnam Internet of Things market.
·
To
identify and profile major companies operating in Vietnam Internet of Things
market.
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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 region. 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 region.
TechSci Research calculated the market size of Vietnam internet of
things 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:
·
IoT
software, services & hardware providers
- Organizations, forums
and alliances related to Internet of Things market
- Government bodies such
as regulating authorities and policymakers
- Market research and
consulting firms
The study is useful in providing answers to several critical questions
that are important for industry stakeholders, such as Internet of Things manufacturers,
distributors and policymakers. The report also provides useful insights about
which market segments should be targeted over the coming years in order to
strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, Vietnam Internet of Things market has been segmented
into following categories, in addition to the industry trends which have also
been detailed below:
- Market, by Platform:
- Network Management
- Application
Management
- Device Management
·
Market, by Component:
- Hardware
- Services
- Software
- Market, by Type:
·
Market, by Application:
- Consumer Electronics
- Smart Mobility &
Transportation
- Building & Home
Automation
- Connected Logistics
- Smart Retail
- Others
·
Market, by Region:
- Southern
- Northern
- Central
Competitive Landscape
Competitive Benchmarking: Benchmarking
of leading players on the basis of product type provided by them.
Company Profiles: Detailed analysis of major companies operating in Vietnam
Internet of Things market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. Following customization options are
available for the report:
Channel Partner Analysis
- Detailed list of
distributors and dealers across all the regions.
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Customer Profiling
List of major customers
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]