Summary

Vietnam artificial intelligence market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the growth of data-based AI and advancements in deep learning. Besides, the rising need to achieve robotic autonomy to stay competitive is expected to drive the Vietnam artificial intelligence market. Supportive government policies to promote the digitalization of all prominent industry verticals and the deployment of artificial intelligence services to increase the productivity of the public sector are anticipated to fuel the growth of the Vietnam artificial intelligence market. The growing need to enhance the transparency and efficiency in various organizations by leveraging digital tools and increasing investments by leading market players to improve AI services, reduce waiting time and other related costs are further driving the growth of Vietnam artificial intelligence market. Developments in the robotic industry to minimize the chances of human errors and other continuous technological advancements are further driving the growth of the Vietnam artificial intelligence market. Ongoing research and development activities for the up gradation of existing artificial intelligence technical infrastructure and a rapid surge in demand for AI in prominent industry verticals such as automotive, healthcare, retail, manufacturing, and finance industries are propelling the growth of the Vietnam artificial intelligence market. Government authorities, public organizations, and NGOs are allocating huge sums for AI-based pilot programs for numerous AI applications and research projects, which is expected to boost the growth of the artificial intelligence market in the coming years.

Vietnam artificial intelligence market is segmented into component, technology, deployment mode, end-verticals, regional distribution, and company. Based on the component, the market can be divided into hardware, software, and services. The software segment is expected to dominate the Vietnam artificial intelligence market during the forecast period. The rising need of organizations to gain clarity about the visual content for analysis and monitoring, information storage, among other purposes, is contributing to the dominance of the software segment in the Vietnam artificial intelligence market.
Leading players in the Vietnam artificial intelligence market are FPT Software, TMA Solutions, TPS Software Corporation, Zalo, MTI Technology, Ekoios Technology, AgileTech Vietnam, Kyanon Digital, Beet Innovators, GRDAI, and others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the historical growth in the market size of Vietnam artificial intelligence market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam artificial intelligence market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam artificial intelligence market based on component, technology, deployment mode, end-verticals, regional distribution, and company.
• To identify dominant region or segment in the Vietnam artificial intelligence market.
• To identify drivers and challenges for Vietnam artificial intelligence market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in Vietnam artificial intelligence market.
• To identify and analyze the profile of leading players operating in Vietnam artificial intelligence market.
• To identify key sustainable strategies adopted by market players in Vietnam artificial intelligence market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across Vietnam. 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 Vietnam.
TechSci Research calculated the market size of Vietnam artificial intelligence 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 services 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:
• Artificial intelligence service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to artificial intelligence.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam artificial intelligence market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Artificial Intelligence Market, By Component:
o Hardware
o Software
o Services
• Vietnam Artificial Intelligence Market, By Technology:
o Deep Learning
o Machine Learning
o Natural Language Processing
o Image Processing
o Others
• Vietnam Artificial Intelligence Market, By Deployment Mode:
o Cloud-Based
o On-Premises
• Vietnam Artificial Intelligence Market, By End-Verticals:
o Healthcare
o Retail
o BSFI
o Automotive
o Advertising and Media
o Manufacturing
o IT & Telecom
o Others
• Vietnam Artificial Intelligence Market, By Region:
o North
o South
o Central

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam artificial intelligence 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).

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