Vietnam IoT in Manufacturing Market Set to Grow at a CAGR of over 21% until 2024
Rising demand for analytics in manufacturing industry, growing adoption of cloud computing and smart devices, increasing demand for Industrial Internet of Things (IIoT) and supporting government initiatives to drive Vietnam IoT in manufacturing market through 2024 According to TechSci Research report, “ Vietnam IoT In Manufacturing Market By Component, By Application Area, By Vertical, Competition, Forecast & Opportunities, 2024” , Vietnam internet of things (IoT) market is projected to grow at the double-digit CAGR of over 21% during 2019-2024 on account of technological advancements and increasing use of the technology in various applications like energy & utilities, oil & gas, electronics and electricals, automotive, etc. Moreover, increasing adoption of smart sensors and beacons, growing use of new technologies in manufacturing sector, adoption of IoT in supply chain is further expected to positively influence the Vietnam IoT in manufacturing market....