Vietnam Internet of Things Market, By Platform (Network Management, Application Management and Device Management), By Component (Hardware, Services and Software), By Type (B2B, B2C, B2G), By Application, By Region, Competition, Forecast & Opportunities, 2015-2025

The Vietnamese Internet of Things Market stood at USD 2,022.21 Million in 2019 and is projected to grow at a CAGR of around 24.03 % to reach USD 7,321.92 Million by 2025.

Increasing in adoption of IoT solutions across enterprises, growing number of connected devices and increasing proliferation of smartphones to drive the Vietnamese 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 the Vietnamese Internet of Things Market in the coming years.

The Vietnamese 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 the Vietnamese 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 the Vietnamese Internet of Things Market size.
• To categorize the market on the basis of platform, component, type, application, region and company.
• To analyze and forecast the Vietnamese Internet of Things Market with respect to component: network management, application management and device management.
• To analyze and forecast the Vietnamese Internet of Things Market with respect to type: B2B, B2C and B2G.
• To analyze and forecast the Vietnamese 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 the Vietnamese 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 the Vietnamese Internet of Things Market.
• To identify major drivers, challenges and trends in the Vietnamese Internet of Things Market.
• To evaluate pricing analysis in the Vietnamese Internet of Things Market.
• To identify and profile major companies operating in the Vietnamese Internet of Things Market.

The analyst performed both primary as well as exhaustive secondary research for this study. Initially, the analyst sourced a list of service providers across the region. Subsequently, the analyst conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the service providers, distribution channels and presence of all major players across the region.

The analyst calculated the market size of the Vietnamese Internet of Things Market by using a bottom-up approach, wherein data for various End-user segments was recorded and forecast for the future years. The analyst 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 the analyst.

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 the 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, the Vietnamese 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:

• B2B
• B2C
• B2G

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 the Vietnamese Internet of Things Market.

Available Customizations:

With the given market data, the analyst 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

This report will be delivered within 1 business day.

Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.