TechSci Press Release

Growing digital transformation and increasing adoption of industry 4.0 is expected to drive the demand for Vietnam Augmented Reality & Virtual Reality market in the forecast period. According to TechSci Research report,  “ Vietnam Augmented Reality & Virtual Reality Market  By Product Type (Head-Mounted Display, Head-Up Display, Smart Glass, Handheld Device Applications) By Organization Size (Large Enterprises, Small- & Medium-sized Enterprises) By Offering (Hardware & Software) By Application (Consumer, Enterprise) By End User (Entertainment, Manufacturing, Healthcare, Defense, Consumer Electronics, Automotive, & Others), By Region, Company Forecast & Opportunities, 2026” , The Vietnam Augmented Reality & Virtual Reality market is expected to witness significant growth in the forecast period. The easy availability of virtual reality devices and the launch of the different types of virtual devices is contributing to the market growth. The increasi...

Shift in focus of companies to improve efficiency and lowering costs and growing demand for cryptocurrencies are driving the growth of Vietnam Fintech Market in the forecast period, 2022-2026. According to TechSci Research report,  “ Vietnam Fintech Market  By Technology (API, AI, Blockchain, Distributed Computing, Others), By Service (Payment, Fund Transfer, Personal Finance, Loans, Insurance, Others), By Application (Banking, Insurance, Securities & Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam Fintech market is expected to witness steady growth in the forecast period, 2022-2026. The rise in the number of cyber-attacks that are impacting the organization adversely into financial losses is making the organizations invest significantly in the adoption and development of Fintech technology. Fintech provides magnified security for the protection of financial data, which helps make smooth transactions and operations and maintains the perf...

Rising demand from small and medium-sized enterprises and the growing electrical and electronics industry are driving the growth of the Vietnam Robotics Market in the forecast period, 2022-2026. According to TechSci Research report,  “ Vietnam Robotics Market  By Component (Hardware and Software), By Type (Articulated, Cartesian, SCARA, Cylindrical and Others), By End User (Healthcare, Media & Entertainment, Aerospace & Defence, Logistics, Automotive and Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam Robotics market is expected to witness steady growth in the forecast period, 2022-2026. The adoption of robots over a number of industries including healthcare, defense, security, logistics, electronics, food and beverage, automotive, inspection and maintenance are driving the demand of the Vietnam Robotics market. The advantages associated with using robotic technology are improved quality and increased production. It also reduces the ...

High-end foreign investments and the growing middle-class population are driving the growth of Vietnam Blockchain Market in the forecast period, 2022-2026. According to TechSci Research report,  “ Vietnam Blockchain Market  By Component (Platforms and Services), By Provider (Application, Middleware, and Infrastructure), By Type (Private, Public, and Hybrid), By Organization Size (Small and Medium Sized Enterprises, Large Enterprises), By Application Area (Transportation and Logistics, Food & Agriculture, Manufacturing, Energy & Utilities, Healthcare, Media and Entertainment, Banking and Financial Services, IT & Telecom, Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam Blockchain market is expected to witness steady growth in the forecast period, 2022-2026. Vietnam's flourishing national economy and favorable government policies creating an ideal start-up environment are driving the formation and development of many fintech start-u...

Growing adoption of IoT technology and the high-end investments for Infrastructure development is expected to drive the demand for Vietnam 5G Infrastructure market in the forecast period. According to TechSci Research report,  “ Vietnam 5G Infrastructure Market  By Communication Infrastructure (Small Cell, Macro Cell, Radio Access Network (RAN) and Distributed Antenna System (DAS)), By Core Network Technology (Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)), By Application (Automotive, Healthcare, Energy & Utilities, Retail, Others), By Region, Competition Forecast & Opportunities, 2026” , the Vietnam 5G Infrastructure market is expected to grow at a rate of steady CAGR for the forecast period, 2022-2026. The growing adoption of the latest technologies such as automation technology, the internet of things, wearable technology, connected cars by the prominent industry players to make quality pr...

Increasing instances of cyber-attacks and increasing demand for cloud based systems to drive the growth of Vietnam Cyber Security market in the forecast period, 2022-2026. According to TechSci Research report,  “ Vietnam Cyber Security Market , By Region, Competition, Opportunity and Forecast, 2016-2026”,  Vietnam Cyber Security market stood at USD142.12 million in 2020 and is expected to grow at a double-digit CAGR of 16.52% during the forecast period on account of surge in the adoption of cloud computing services and increased cyber-attacks on government infrastructure. The expansion of the IT sector in Vietnam has enticed many foreign cloud service giants, including Google, Amazon Web Services (AWS), and Alibaba, to enter and expand in the market. The public sector is transitioning to cloud-based business models, and the COVID-19 pandemic has accelerated that transition, increasing the need for data security. The rising popularity of cloud computing services, owing to t...

Increasing focus towards cloud computing with the industrial shift to remote work is a key driver expected to drive the growth of the Vietnam Cloud Service Market. According to TechSci Research report,  “ Vietnam Cloud Service Market  By Service Type (Infrastructure as a Service, Platform as a Service and Software as a Service), By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By End Use Application (Corporates/Private Organizations, BFSI, Government & Defense, Retail, Healthcare, Academic & Education Institutions and others), By Region (Northern Vietnam, Southern Vietnam and Central Vietnam), Competition, Forecast & Opportunities, 2016-2026” , the Vietnam Cloud Service Market is forecast to grow at a CAGR of 18.88% to reach USD603.34 million by 2026. Growth in the market can be attributed to the increasing adoption of cloud services in small & medium-sized enterprises along with the rising need for data security & storage. The overall demand of e...

Increasing demand for cloud computing services, commercialization of 5G and increasing investment in the data center solutions are expected to drive the growth of Vietnam Data Center Market. According to TechSci Research report, “ Vietnam Data Center Market , By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Other Infrastructure), By Type (Corporate and Web Hosting), By End User Industry (IT & Telecom, Government, BFSI, Healthcare and Others), By Region, Competition Forecast & Opportunities, 2016-2026” , the Vietnam Data Center Market is forecast to grow at a rate of 14.64% to reach USD2020.98 million by 2026. Growth in the market can be attributed to the consistently increasing data storage needs in Vietnamese organizations. To meet the endless demand for digital content, companies need to expand their data centers’ infrastructure. Additionally, the cloud industry is witnessing growth in Vietnam, due to large inv...

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....

Growing adoption of cloud computing & smart devices and rising inclination towards artificial intelligence to drive Vietnam Internet of Things (IoT) market through 2025. According to TechSci Research report,  “ Vietnam Internet of Things Market  By Platform (Network Management, Application Management and Device Management), By Component (Hardware, Services and Software), By Type (B2B, B2C, B2G), By Application (Consumer Electronics, Smart Mobility & Transportation, Building & Home Automation, Connected Logistics, Smart Retail, and Others), By Region (North Vietnam, Central Vietnam and South Vietnam), Competition, Forecast & Opportunities, 2015 – 2025” , Vietnam internet of things market stood at USD 2022.21 Million in 2019 and is projected to grow at a CAGR of around 24.03 % to reach USD 7321.92 Million by 2025. Increasing demand for technological advancements coupled with rising internet penetration is boosting demand for connected devices across Vietnam. Th...

  Rising demand for connected devices and electric vehicles is driving the growth of Global Metal Oxide Varistor Market   in the forecast period, 2023-2027. According to TechSci Research report,  “Metal Oxide Varistor Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027” , the global metal oxide varistor market stood at USD8,693.25 million in 2021 and is projected to grow at a CAGR of 4.17% in the forecast period, 2023-2027. The surge in the adoption of electric vehicles and the growing popularity of smart building concepts are the key factors driving the demand for global metal oxide varistor in the next five years. An increase in the environmental concerns and stringent emission norms implemented by the government of various countries are accelerating the demand for alternate fuel automobiles. The fluctuations in crude oil prices and limited availability on earth are fueling the adoption of electric vehicles acros...

  The need to build communication skills among consumers and growing importance of sign language are driving the growth of global sign language apps market in the forecast period, 2023-2027. According to TechSci Research report,  “Sign Language Apps Market – Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027” , the global sign language apps market is anticipated to witness a growth of steady CAGR in the forecast period, 2023-2027. Growing awareness among consumers about the importance of sign language and interactive and affordable applications are driving the demand of the global sign language apps market. The continuous evolution in technology is helping consumers to improve their quality of life. Sign language apps are a step ahead to learning the language of specially-abled people or children, even animals, making the communication process easier. However, lack of proper guidance and training and sign language apps are not easily accessible,...