Vietnam Artificial Intelligence Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 15.75% (2024-2032)
Market Size in 2023: USD 547.1 Million
Market Forecast in 2032: USD 2,064.5 Million
The Vietnam artificial intelligence (AI) market is rapidly expanding, driven by increasing digitalization across various sectors, rising e-commerce activities, favorable governmental policies, and significant investments in AI research and development. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 15.75% from 2024 to 2032.
Vietnam Artificial Intelligence Market Trends and Drivers
Vietnam artificial intelligence (AI) market is predicted to have major growth, which is driven by various industries having rapid digital transformation. Businesses are adopting AI-powered solutions to improve operational efficiency, customer engagement, and decision-making processes. Machine learning and natural language processing technologies are increasingly driving automation in areas across sectors like finance, healthcare, and e-commerce. As AI-powered analytics become more widespread, businesses are utilizing data-driven insights to refine marketing tactics and tailor user experiences. The involvement of government in promoting digital infrastructure and smart city development further accelerates the deployment of AI, providing commercially advantageous opportunities for industry stakeholders. AI-Powered Cybersecurity As businesses increasingly rely on digital systems, the demand for robust digital protection is more important than ever.
The main factors contributing to the growth of the AI industry in the United States are strong investments in AI research and development, which drive innovations across various industries. Various companies are also continually improving AI capabilities, to deliver predictive analytics, automated customer service, and smart process automation, among others. Cloud computing and edge AI is making it easier to deploy AI-powered applications at scale and economically, which will result in improved productivity. Moreover, the healthcare industry is experiencing a rise in AI-powered diagnostic tools and robotic-assisted procedures, enhancing patient outcomes. AI is rapidly pervading autonomous systems and revolutionizing industrial processes, helping to streamline self-driving cars and smart manufacturing. Over the past years, there have been One Alliances our tech enterprise corporations team up with academic institutions to accelerate the development of talent in the space of AI, answering the increasing need for top-tier professionals.
AI and its Growing Role in Vietnam Retail, Logistics and Consumer Electronics SectorAs a gradually emerging image in industries, AI has increasingly played an important role in Vietnam, specifically in retail, logistics, consumer electronics… It uses extensive data sets collected up to October 2023. In the e-commerce sector, AI-powere chatbots and recommendation engines are enhancing user interactions which drive sales and customer satisfaction. AI-fueled automation in manufacturing is increasing productivity and reducing errors, driving economic growth. AI adoption will only accelerate, and businesses want to be at the forefront in developing ethical AI approaches and complying with regulations while deploying responsible and transparent AI." This powerful triad of government facilitation, industry development, and talent mining will enable Vietnam to become a successful centre of the world in the field of AI innovation that creates sustainable economic development and technological development.
Vietnam Artificial Intelligence Market Segmentation
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Vietnam artificial intelligence market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments:
- Component Insights:
- Hardware
- Software
- Services
- Technology Insights:
- Machine Learning
- Natural Language Processing
- Others
- Industry Insights:
- IT and Telecom
- Healthcare
- Retail and E-Commerce
- Logistics and Transportation
- Manufacturing
- Consumer Electronics
- BFSI
- Others
- Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
For an in-depth analysis, you can refer to a sample copy of the report: https://www.imarcgroup.com/vietnam-artificial-intelligence-market/requestsample
Competitive Landscape
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter's Five Forces Analysis
- Strategic Recommendations
- Historical, Current, and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
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Email: sales@imarcgroup.com
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