Healthcare segment to dominate the Vietnam Artificial Intelligence Market through 2026
High proliferation of the
smart devices and the rise in the number of start-ups is expected to drive the demand
for Vietnam artificial intelligence market in the forecast period.
According to TechSci Research report, “Vietnam Artificial Intelligence Market By Component (Hardware, Software, &
Services) By Technology (Deep Learning, Machine Learning, Natural Language
Processing, Image Processing, Others) By Deployment Mode (Cloud-Based &
On-Premises) By End-Verticals (Healthcare, Retail, BSFI, Automotive,
Advertising and Media, Manufacturing, IT & Telecom & Others), Company
Forecast & Opportunities, 2026”, The Vietnam artificial intelligence
market is expected to witness steady growth in the forecast period, 2022-2026.
The rise in the demand for the analysis of historical datasets to predict the
upcoming trends of the market is expected to influence the growth of the
artificial intelligence market. The development of cloud computing technology
and the rise in the demand for analysis and interpret large volumes of data is
expected to influence the artificial intelligence market growth.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Leading authorities in
Vietnam imposed lockdown restrictions and released a set of precautionary
measures to contain the spread of novel coronavirus. Tech companies implemented
the mandated work from home policy to fight against the coronavirus. Companies
are also expanding their portfolio and providing extra support to consumers to
influence the demand of the artificial intelligence market. The rise in the
adoption of artificial intelligence technology in the healthcare sector for the
detection of coronavirus and help in the diagnosis of various diseases is fueling
the demand for the artificial intelligence market in the forecast period.
However, the rise in concerns about data security and
privacy and the unavailability of skilled professionals may hamper the growth
of the artificial intelligence market in the next five years.
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Vietnam
artificial intelligence market is segmented into component, technology,
deployment mode, end-verticals, regional distribution, and company. Based on
the technology, the market can be divided into deep learning, machine learning,
natural language processing, image processing, and others. The deep learning
segment is expected to witness significant growth in the forecast period,
2022-2026. The application of deep learning technology including the
complicated data-driven applications in addition to text or speech recognition
is influencing the demand for this technology. The rise in the deployment of
cloud-based platforms and advanced hardware equipment for efficiently managing
the large volumes of data thereby fostering the demand for artificial
intelligence market growth. Based on the end-verticals, the market can be
divided into healthcare, retail, BFSI, automotive, advertising and media,
manufacturing, IT & telecom & others. The healthcare sector is expected
to account for a major market share in the next five years owing to its growing
use in different applications in the healthcare industry including automated
image diagnosis, hospital workflow management, robot-assisted surgery, virtual
nursing assistants, among others. Based on the deployment mode, the market can
be bifurcated into cloud-based & on-premises. The cloud-based segment is
expected to witness growth in the forecast period owing to the multiple benefits
offered by cloud technology. High scalability, high accessibility, reduced
operational costs, and the easy deployment of cloud-based technology are
further accelerating the demand of the artificial intelligence market.
FPT
Software, TMA Solutions, TPS Software Corporation, Zalo, MTI Technology, Ekoios
Technology, AgileTech Vietnam, Kyanon Digital, Beet Innovators, GRDAI are the
leading players operating in Vietnam artificial intelligence market. Service
providers are increasingly focusing on research and development process to fuel
higher growth in the market. To meet evolving customer demand with respect to
better efficiency and durability, several artificial intelligence service
providers are coming up with their technologically advanced offerings.
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“The
rise in the development of the communication infrastructure and the expected
roll-out of 5G technology is contributing to providing fast internet services
in Vietnam. The growth in the adoption of online gaming by the large youth
population that uses interactive graphics and technology to provide a seamless
real-time gaming experience to the players is expected to create huge growth
potential for the booming gaming industry in Vietnam. The high investments for
the adoption of the latest technologies by the online gaming market players and
the use of artificial intelligence technology in the organizations for efficient
data management are expected to propel the growth of the artificial
intelligence market till 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Vietnam Artificial
Intelligence Market By Component (Hardware, Software, & Services) By
Technology (Deep Learning, Machine Learning, Natural Language Processing, Image
Processing, Others) By Deployment Mode (Cloud-Based & On-Premises) By
End-Verticals (Healthcare, Retail, BSFI, Automotive, Advertising and Media,
Manufacturing, IT & Telecom & Others), Company Forecast &
Opportunities, 2026” has evaluated the future growth potential of Vietnam artificial
intelligence market and provided statistics & information on market size, shares,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of Vietnam artificial
intelligence market.
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