According to TechSci Research report, “Vietnam Artificial Intelligence Market – By Region, Competition, Forecast & Opportunities, 2028”, Vietnam Manufactured Insights later development of manufactured insights showcase has been enormously supported by showcase strengths caused by the fast take-up of advanced and internet-based advances. Much obliged to the enormous ventures in inquire about and advancement made by the IT behemoths, specialized progression is continually progressing over a wide range of businesses. The Vietnam AI sector is expanding quickly as a result of the rising popularity of numerous life-saving medical products and the self-driving capabilities of new electric vehicles.
This is a result of rising demand for automation solutions in a number of SMEs and major businesses during the course of the term, as well as an increase in the trends towards digital transformation in corporate organizations. Additionally, during the post-pandemic phase, businesses are more likely to concentrate on strategies that can help with boosting productivity and general efficiency. Because of this, companies are anticipated to invest a lot of money in artificial intelligence (AI) products in the upcoming years.
Additionally, workflow management systems, trend projections, and even the way businesses buy advertising are among the applications of artificial intelligence that are being used to increase productivity in previously unheard-of ways. Additionally, it immediately recognizes odd patterns, such as spam and fraud, to alert businesses of dubious behavior, while simultaneously lowering the risk of an error and improving organizational effectiveness.
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The Artificial Intelligence market is segmented into component, technology, deployment, and industry. Based on component, the market is divided into hardware, software and services. Based on technology, the market is segmented into machine learning, natural language processing, and others. Based on deployment, the market is segmented into cloud, and on-premises. Based on industry, the market is segmented into IT & telecom, healthcare, retail & e-commerce, logistics & transportation, manufacturing, consumer electronics, BFSI, and others.
Manufacturing segment will the highest contributor to the market, Manufacturing is the largest industry segment in the Vietnam artificial intelligence market, as planning and operations on the production floor are where AI can provide the most value to the manufacturing sector. The advent of intelligent manufacturing and digital factories will be heralded by the development of 4IR technologies. In 2020, there were approximately 2.7 million industrial robots used globally, according to the International Federation of Robotics (IFR), and this trend is anticipated to continue growing as digitization initiatives increase. Additionally, manufacturers will continue to invest in technologies like AI and machine learning to further cut production costs and accelerate time to market. In the wake of a global pandemic, manufacturers may be able to develop more resilient businesses with the use of technology like artificial intelligence that automates tasks, anticipates disruptions, and provides end-to-end control of all operations.
Key market players in the Vietnam Artificial Intelligence (AI) Market include:
- FPT Software LLC
- TECHVIFY SOFTWARE., JSC
- KMS Technology Vietnam
- Orient Software Development Corp.
- Rikkeisoft
- Kyanon Digital
- TMA Solutions
- Harvey Nash (Vietnam) Company Ltd.
- TP&P Technology
- Agile Tech Vietnam.
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Modern AI tools give cloud computing new and improved value. This element is essential for incorporating new technologies as well as raising overall process viability. AI software aids in bridging the technological divide between contemporary technology advancements and cloud computing. Additionally, it aids in meeting the needs of start-ups and new companies. The AI cloud thus makes it possible for two technologies—AI hardware and AI software, to converge. Cloud computing and artificial intelligence are combined in an AI cloud hybrid system. It contributes to the development of a cloud environment resembling the human brain.
“Despite the general public’s lack of familiarity with AI, factors such as the rise in healthcare facilities following the COVID-19 outbreak, rising automation, the rapid adoption of machine learning, and other factors are contributing to its rapid spread. On the other hand, artificial intelligence is improving activities that were previously completed using conventional methods. The optimization of data and information processing power in the future will undoubtedly depend more and more on AI scenario planning. AI advancements may lead to the development of original, clever scenario-related models that can respond to outside stimuli and many more factors will drive the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Vietnam Artificial Intelligence Market Size By Component (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing, Others), By Deployment (Cloud, On-premises), By Industry (IT & Telecom, Healthcare, Retail & E-Commerce, Logistics & Transportation, Manufacturing, Consumer Electronics, BFSI, Others), By Region, Competition, Forecast and Opportunities, 2028”, has evaluated the future growth potential of Vietnam Artificial Intelligence Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Vietnam Artificial Intelligence Market.
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