The Vietnam Industrial Internet of Things (IIoT) Platform Market
The primary focus of most Industrial Internet of Things deployments and the majority of organisations remains operational efficiency and cost optimization. As IDC put it, the key drivers are efficiency optimization and linking islands of automation. However, a more comprehensive approach with additional revenue and innovation targets is required. On the other hand, industrial organisations must start somewhere to advance in Industrial Internet of Things (IIoT) maturity and possibility/opportunity reality. Given the market challenges and low-hanging fruit in many industrial markets, it is natural that connectivity in the Industrial Internet of Things (IIoT) space is initially focused on a limited set of goals and benefits.
The Rapid Adoption of Artificial Intelligence (AI) and the Internet of Things (IoT) in the Manufacturing Sector is Driving the Market in the Forecast period
The primary focus of most Industrial Internet of Things deployments and the majority of organisations remains operational efficiency and cost optimization. As IDC put it, the key drivers are efficiency optimization and linking islands of automation. However, a more comprehensive approach with additional revenue and innovation targets is required. On the other hand, industrial organisations must start somewhere to advance in Industrial Internet of Things (IIoT) maturity and possibility/opportunity reality. Given the market challenges and low-hanging fruit in many industrial markets, it is natural that connectivity in the Industrial Internet of Things (IIoT) space is initially focused on a limited set of goals and benefits. Manufacturers can connect their machines to the internet using Industrial IoT. Connected machines provide manufacturers with real-time insight into machine health and key performance indicators (KPIs). Overall equipment effectiveness (OEE) and overall process effectiveness (OPE) are two examples (OPE). This data assists manufacturers in identifying and correcting the causes of unplanned downtime. They can also increase machine utilisation by emphasising the importance of preventive equipment maintenance. Vibrations, temperature, humidity, and other conditions can be monitored by IoT-connected environmental sensors. They are capable of detecting conditions that have a negative impact on operations or cause excessive wear and tear on equipment.
Self-driving Cars are on the Horizon are Fuelling the Market Growth
With the impending introduction of autonomous or self-driven trucks and passenger automobiles, the automotive industry is experiencing a quick upheaval. Trucks and other vehicles that can connect with one another through data collecting and cloud storage will be developed using Internet of Things (IoT) technologies. Global sales of electric vehicles increased by 2.1 million in 2019, bringing the total number of electric vehicles on the road to 7.2 million. According to a recent report from the United Nations Economic Commission for Europe, self-driving cars provide comfort, safety, and effectiveness while minimising their environmental impact (UNESE). This is anticipated to result in the formation of market for autonomous trucks and other different vehicles based on an Industrial Internet of Things (IIoT) platform
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Market Segments
The Vietnam Industrial Internet of Things (IIoT) Platform market is segmented into platform type, application area, end user vertical, and region. Based on platform type, the market is divided into device management platform, application management platform, and connectivity management platform. Based on application area, the market is categorized into predictive maintenance, business process optimization, asset tracking & management, logistics & supply chain management, and others. Based on end user vertical, the market is segregated into manufacturing, energy, healthcare, metals & mining, retail, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern Vietnam, Southern Vietnam and Central Vietnam.
Market Players
Major market players of
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Platform Type By Application Area By End User Vertical By Region |
| Regional scope | Northern Vietnam, Southern Vietnam and Central Vietnam |
| Key companies profiled | IBM Vietnam Company, Microsoft Vietnam Company Limited, Cisco Systems Vietnam Company Limited, Intel Products Vietnam Co., Ltd., SAP Vietnam Company Limited, Siemens Ltd. (Vietnam), Oracle Vietnam Pte., Ltd., Schneider Electric Vietnam Company Limited, Hitachi Systems Vietnam Co., Ltd, HPE Vietnam |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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