Vietnam IoT In Manufacturing market stood at $ 1 billion in 2018 and is projected to grow at a CAGR of over 21% to cross $ 3 billion by 2024 on account of rising demand for industrial internet of things (IIoT), increasing adoption of smart sensors and beacons, growing adoption of IoT in supply chain, favorable government initiatives and rise in demand for analytics. Moreover, increasing penetration of IoT in various applications like energy & utilities, oil & gas, electronics and electricals etc., is further pushing its demand in the country. Additionally, surge in cloud platform adoption, advent of advanced data analytics and development of wireless networking technologies is likely to propel Vietnam IoT in manufacturing market during forecast period.

Vietnam IoT in manufacturing market can be broadly segmented into component, application area, vertical and region. In terms of application area, the market can be categorized into Asset Tracking & Management, Predictive Maintenance, Business Process Optimization, Logistics & Supply Chain Management and Real-Time Workforce Tracking & Management, Automation Control & Management and Emergency & Incident Management & Business Communication. Among all, Business Process Optimization is expected to grow at the highest CAGR as it improves product utilization and enable value-added services in manufacturing sector. Based on components, the market can be segmented into solutions, services and platforms. Solutions hold the highest market share and the segment is expected to maintain its dominance during the forecast period, on account of increasing equipment failure issues in the manufacturing sector. Moreover, companies are investing heavily and adopting IoT solutions for increasing operational efficiency and control.

The market of IoT in manufacturing in the country is gaining traction and is expanding to various regions such as Northern Vietnam, Southern Vietnam and Central Vietnam. Southern Vietnam is expected to witness growth during forecast period owing to rising penetration of the technology in this region.  

Major companies operating in Vietnam IoT in manufacturing market recorded high sale volume in 2018 and the trend is likely to continue during forecast period as well. List of major players operating in Vietnam IoT in manufacturing market include FPT Corporation, Viettel-CHT Limited (Viettel IDC), CMC Corporation, Vietnam Posts and Telecommunications Group, KDDI Vietnam Corporation, Dai Viet Controls & Instrumentation Company Ltd, IBM Vietnam Co Ltd., SAP Asia (Vietnam) Co. Ltd, Fujitsu Vietnam Ltd., Hitachi Asia (Vietnam) Co., Ltd., Amazon Web Services Vietnam Company Limited, Robert Bosch (Vietnam) Co. Ltd., Cisco Systems Vietnam Ltd, Oracle Vietnam Pte Ltd. etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. For instance, in May 2019, Samsung SDS announced an investment partnership agreement with CMC Corporation for smart factory and cyber security sectors in Vietnam. Under the agreement, Samsung SDS will utilize CMC’s strong sales channel to target market for their latest technologies, such as artificial intelligence, big data analytics, Internet of Things (IoT), etc. The partnership will help CMC to strengthen its position and expand its business in Vietnam.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of Vietnam IoT in manufacturing market.
  • To classify and forecast Vietnam IoT in manufacturing market based on component, application area, vertical and regional distribution.
  • To identify drivers and challenges for Vietnam IoT in manufacturing market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam IoT in manufacturing market.
  • To identify and analyze the profile of leading players involved in Vietnam IoT in manufacturing market.


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Some of the leading players in Vietnam IoT In Manufacturing market are: FPT Corporation, Viettel-CHT Limited (Viettel IDC), CMC Corporation, Vietnam Posts and Telecommunications Group, KDDI Vietnam Corporation, Dai Viet Controls & Instrumentation Company Ltd, IBM Vietnam Co Ltd., SAP Asia (Vietnam) Co. Ltd, Fujitsu Vietnam Ltd., Hitachi Asia (Vietnam) Co., Ltd., Amazon Web Services Vietnam Company Limited, Robert Bosch (Vietnam) Co. Ltd., Cisco Systems Vietnam Ltd, Oracle Vietnam Pte Ltd., etc.

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 country. 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 product offerings, distribution channels and presence of all major service providers across the country.

TechSci Research calculated the market size of Vietnam IoT in manufacturing market by 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 solution, service & platform providers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to IoT market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them to strategize investments and capitalize on market opportunities.

Report Scope:

In this report, Vietnam IoT in manufacturing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Component:
    • Solutions
    • Services
    • Platforms
  • Market, By Application Area:
    • Asset Tracking & Management
    • Predictive Maintenance
    • Logistics & Supply Chain Management
    • Business Process Optimization
    • Real-Time Workforce Tracking & Management
    • Others
  • Market, By Vertical:
    • Energy & Utilities, Oil & Gas
    • Electronics and Electricals
    • Automotive
    • Healthcare, Pharma & Medical Devices
    • Food & Beverages
    • Chemicals & Petrochemicals
    • Metal Processing
    • Cement
    • Semiconductor
    • Others
  • Market, By Region:
    • Northern Vietnam
    • Southern Vietnam
    • Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam IoT in manufacturing market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customers

4.1.    By IoT Adoption Readiness

4.2.    By Vendor Satisfaction

4.3.    By Reasons Why Manufacturing Industries are Adopting IoT

4.4.    By Key IoT Related Challenges Faced

4.5.    By Overall Satisfaction

4.6.    By Benefits of IoT in Manufacturing

5.       Vietnam IoT in Manufacturing Market Landscape

6.       Vietnam IoT in Manufacturing Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value

6.2.    Market Share & Forecast

6.2.1.By Component (Solutions, Services and Platforms)

6.2.1.1.  By Solutions (Network Management, Data Management, Application Management, Device Management, and Smart Surveillance)

6.2.1.1.1.  Network Management (Network Security, Network Performance Monitoring and Management, Network Configuration Management, and Network Bandwidth Management)

6.2.1.1.2.  Data Management (Data Security, Data Integration, Data Analytics and Visualization, Data Migration, Metadata Management, Data Orchestration, and Data Governance)

6.2.1.1.3.  Application Management

6.2.1.1.4.  Device Management (Monitoring and Troubleshooting, Device Configuration Management and Device Provisioning & Authentication)

6.2.1.1.5.  Smart Surveillance (Central Monitoring System, and Video Analytics & Events)

6.2.1.2.  By Services (Professional Services, Managed Services, IoT Infrastructure Services, System Designing and Integration Services, Support and Maintenance Services and Education & Training Services)

6.2.1.2.1.  Professional Services (IoT Consulting Services, Technology Consulting Services, Business Consulting Services and Operational Consulting Services)

6.2.1.2.2.  Managed Services (Infrastructure Management Services, Network Management Services, Device Management Services, Security Management Services and Data Management Services)

6.2.1.2.3.  IoT Infrastructure Services (Cloud Services, Network Services and Deployment Services)

6.2.1.2.4.  System Designing and Integration Services (Platform Development and Integration Services and Mobile and Web Application Development Services)

6.2.1.3.  By Platforms (Connectivity Management Platform, Application Management Platform and Device Management Platform)

6.2.2.By Application Area (Asset Tracking & Management, Predictive Maintenance, Business Process Optimization, Logistics & Supply Chain Management and Real-Time Workforce Tracking & Management, Automation Control & Management and Emergency & Incident Management & Business Communication)  

6.2.3.By Vertical (Energy & Utilities, Oil & Gas, Electronics and Electricals, Automotive, Healthcare, Pharma & Medical Devices, Food & Beverages, Chemicals & Petrochemicals, Metal Processing, Cement, Semiconductor and Others)            

6.2.3.1.  By Vertical, By Electronics and Electricals (Smartphones, TVs, Other Electronics and Electricals Appliances) 

6.2.4.By Company          

6.2.5.By Region

6.2.6.Marketing Mapping            

6.2.6.1.  By Component         

6.2.6.2.  By Application Area

6.2.6.3.  By Vertical  

6.2.6.4.  By Region   

7.       Vietnam IoT in Manufacturing Solutions Market Outlook    

7.1.    Market Size & Forecast

7.1.1.By Value  

7.2.    Market Share & Forecast           

7.2.1.By Application Area (Asset Tracking & Management, Predictive Maintenance, Business Process Optimization, Logistics & Supply Chain Management and Real-Time Workforce Tracking & Management, Automation Control & Management and Emergency & Incident Management & Business Communication)  

7.2.2.By Vertical (Energy & Utilities, Oil & Gas, Electronics and Electricals, Automotive, Healthcare, Pharma & Medical Devices, Food & Beverages, Chemicals & Petrochemicals, Metal Processing, Cement, Semiconductor and Others)

7.2.2.1.  By Vertical, By Electronics and Electricals (Smartphones, TVs, Other Electronics and Electricals Appliances)

8.       Vietnam IoT in Manufacturing Services Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Size & Forecast

8.2.1.By Application Area (Asset Tracking & Management, Predictive Maintenance, Business Process Optimization, Logistics & Supply Chain Management and Real-Time Workforce Tracking & Management, Automation Control & Management and Emergency & Incident Management & Business Communication)

8.2.2.By Vertical (Energy & Utilities, Oil & Gas, Electronics and Electricals, Automotive, Healthcare, Pharma & Medical Devices, Food & Beverages, Chemicals & Petrochemicals, Metal Processing, Cement, Semiconductor and Others)

8.2.2.1.  By Vertical, By Electronics and Electricals (Smartphones, TVs, Other Electronics and Electricals Appliances)

9.       Vietnam IoT in Manufacturing Platforms Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Application Area (Asset Tracking & Management, Predictive Maintenance, Business Process Optimization, Logistics & Supply Chain Management and Real-Time Workforce Tracking & Management, Automation Control & Management and Emergency & Incident Management & Business Communication)

9.2.2.By Vertical (Energy & Utilities, Oil & Gas, Electronics and Electricals, Automotive, Healthcare, Pharma & Medical Devices, Food & Beverages, Chemicals & Petrochemicals, Metal Processing, Cement, Semiconductor and Others)

9.2.2.1.  By Vertical, By Electronics and Electricals (Smartphones, TVs, Other Electronics and Electricals Appliances)

10.   Market Dynamics

10.1.   Market Drivers

10.2.   Market Challenges

11.   Market Trends & Developments

12.   Supply Chain Analysis

13.   Policy and Regulatory Landscape

14.   Vietnam Economic Profile

15.   Competitive Landscape

15.1.   Company Profiles

15.1.1.    FPT Corporation

15.1.2.    Viettel-CHT Limited (Viettel IDC)

15.1.3.    CMC Corporation

15.1.4.    Vietnam Posts and Telecommunications Group

15.1.5.    KDDI Vietnam Corporation

15.1.6.    Dai Viet Controls & Instrumentation Company Ltd.

15.1.7.    Fujitsu Vietnam Ltd.

15.1.8.    Microsoft Services Asia

15.1.9.    IBM Vietnam Co Ltd.

15.1.10.   Amazon Web Services Vietnam Company Limited

15.1.11.   Robert Bosch (Vietnam) Co. Ltd.

15.1.12.   Cisco Systems Vietnam Ltd

15.1.13.   Oracle Vietnam Pte Ltd

15.1.14.   Hitachi Asia (Vietnam) Co., Ltd.

15.1.15.   SAP Asia (Vietnam) Co. Ltd.

15.1.16.   Siemens Limited Vietnam

15.1.17.   ABB Limited (Vietnam)

15.1.18.   Schneider Electric Vietnam Co. Ltd.

15.1.19.   Rockwell Automation Vietnam Limited

16.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures:


    Figure 1: By IoT Adoption Readiness (N=50), 2018

    Figure 2: By Vendor Satisfaction (N=50), 2018

    Figure 3: By Reasons Why Manufacturing Industries are Adopting IoT (N=50), 2018

    Figure 4: By Key IoT Related Challenges Faced (N=50), 2018

    Figure 5: By Overall Satisfaction (N=50), 2018

    Figure 6: By Benefits of IoT in Manufacturing (N=50), 2018

    Figure 7: Vietnam IoT in Manufacturing Market Size, By Value, 2014-2024F (USD Million)

    Figure 8: Vietnam IoT in Manufacturing Market Share, By Component, By Value, 2014-2024F

    Figure 9: Vietnam IoT Solutions in Manufacturing Market Share, By Type, By Value, 2014-2024F

    Figure 10: Vietnam Fixed broadband subscriptions (per 100 people), 2014-2018

    Figure 11: Vietnam IoT Solutions in Manufacturing Market Share, By Network Management, By Value, 2014-2024F

    Figure 12: Vietnam IoT Solutions in Manufacturing Market Share, By Data Management, By Value, 2014-2024F

    Figure 13: Vietnam IoT Solutions in Manufacturing Market Share, By Application Management, By Value, 2014-2024F

    Figure 14: Foreign Direct Investment in Vietnam, Share by Industry, 2018

    Figure 15: Vietnam IoT Solutions in Manufacturing Market Share, By Device Management, By Value, 2014-2024F

    Figure 16: Vietnam IoT Solutions in Manufacturing Market Share, By Smart Surveillance, By Value, 2014-2024F

    Figure 17: Vietnam IoT Services in Manufacturing Market Share, By Type, By Value, 2014-2024F

    Figure 18: Vietnam IoT Services in Manufacturing Market Share, By Professional Services, By Value, 2014-2024F

    Figure 19: Vietnam IoT Services in Manufacturing Market Share, By Managed Services, By Value, 2014-2024F

    Figure 20: Vietnam IoT Services in Manufacturing Market Share, By IoT Infrastructure Services, By Value, 2014-2024F

    Figure 21: Vietnam IoT Services in Manufacturing Market Share, By System Designing and Integration, By Value, 2014-2024F

    Figure 22: Vietnam IoT Platforms in Manufacturing Market Share, By Type, By Value, 2014-

    Figure 23: Vietnam ICT Market, 2017-2018 (USD Billion)

    Figure 24: Vietnam IoT in Manufacturing Market Share, By Application Area, By Value, 2014-2024F

    Figure 25: Revenue of Top 100 Logistics Companies in Vietnam, 2018

    Figure 26: Vietnam IoT in Manufacturing Market Share, By Vertical, By Value, 2014-2024F

    Figure 27: Vietnam IoT in Electronics and Electricals Manufacturing Market Share, By Appliance, By Value, 2014-2024F

    Figure 28: Number of Mobile Cellular Subscriptions in Vietnam (Per 100 People), 2014-2018

    Figure 29: Vietnam IoT in Manufacturing Market Share, By Company, By Value, 2018

    Figure 30: Vietnam IoT in Manufacturing Market Share, By Region, By Value, 2018 & 2024F

    Figure 31: Vietnam IoT in Manufacturing Market Share, By Region, By Value, 2014-2024F

    Figure 32: Vietnam IoT in Manufacturing Market Map, By Component - Market Size (USD Million) & Growth Rate (%)

    Figure 33: Vietnam IoT in Manufacturing Market Map, By Application Area - Market Size (USD Million) & Growth Rate (%)

    Figure 34: Vietnam IoT in Manufacturing Market Map, By Vertical - Market Size (USD Million) & Growth Rate (%)

    Figure 35: Vietnam IoT in Manufacturing Market Map, By Region - Market Size (USD Million) & Growth Rate (%)

    Figure 36: Vietnam IoT Solutions in Manufacturing Market Size, By Value, 2014-2024F (USD Million)

    Figure 37: Cloud Infrastructure, By Country, Aggregated Scores Out of 30

    Figure 38: Vietnam IoT Solutions in Manufacturing Market Share, By Application Area, By Value, 2014-2024F

    Figure 39: Vietnam IoT Solutions in Manufacturing Market Share, By Vertical, By Value, 2014-2024F

    Figure 40: Vietnam IoT Solutions in Electronics and Electricals Manufacturing Market Share, By Appliance, By Value, 2014-2024F

    Figure 41: Vietnam Consumer Electronics Market Size 2017-2018

    Figure 42: Vietnam IoT Services in Manufacturing Market Size, By Value, 2014-2024F (USD Million)

    Figure 43: Smart Phone Users in Vietnam 2014-2018(Million)

    Figure 44: Vietnam IoT Services in Manufacturing Market Share, By Application Area, By Value, 2014-2024F

    Figure 45: Vietnam IoT Services in Manufacturing Market Share, By Vertical, By Value, 2014-2024F

    Figure 46: Vietnam IoT Services in Electronics and Electricals Manufacturing Market Share, By Appliance, By Value, 2014-2024F

    Figure 47: Vietnam IoT Platforms in Manufacturing Market Size, By Value, 2014-2024F (USD Million)

    Figure 48: Number of Internet Users in Vietnam (Million), 2014-2018

    Figure 49: Vietnam IoT Platforms in Manufacturing Market Share, By Application Area, By Value, 2014-2024F

    Figure 50: Vietnam IoT Platforms in Manufacturing Market Share, By Vertical, By Value, 2014-2024F

    Figure 51: Vietnam IoT Platforms in Electronics and Electricals Manufacturing Market Share, By Appliance, By Value, 2014-2024F

    Figure 52: Vietnam FDI Investment, By Countries, 2018