TechSci Press Release

The rise in the digital transformation initiatives and the growing e-commerce industry is expected to drive the demand for Vietnam data analytics market for the forecast period. According to TechSci Research report,  “ Vietnam Data Analytics Market  By Type (Predictive Analytics, Descriptive Analytics, Prescriptive Analytics, Diagnostic Analytics), By Solutions (Business Intelligence, Database Management, Data Mining, Fraud & Security Intelli-gence, Others), By Function (Marketing Analysis, Operational Analysis, Sales Analysis, Accounting and Finance Analysis, Others), By Deployment (Cloud, On-Premises), By End Use Industry (Government & Defence, BFSI, Retail & Ecommerce, Healthcare, Transport & Logistics, Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam data analytics market is expected to witness a growth of steady CAGR for the forecast period, 2022-2026. The growing use of internet services and other technologies such as se...

Vietnam data analytics market is expected to grow with a steady CAGR for the forecast period, 2023-2027. Data analytics technology is in high demand from various organizations as it helps organizations process, manage, and streamline multiple operations in real-time. It provides the opportunity to make smart choices for industries by providing insights. Data analytics helps organizations to better understand customers by gaining the required insights and narrowing the target audience to create better marketing strategies. The increasing penetration of internet services and the high adoption of cloud technology across prominent industry verticals are expected to create huge potential for growth in the data analytics market. Upgradation of the existing system in the organization and increasing IT expenditure are expected to fuel the growth of the data analytics market. The growing volume of raw data generated from various sources that need to be analyzed to extract useful information is...