IMARC Group has published a market research report titled “Vietnam Smart Cities Market Report by Focus Area (Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services), and Region 2024-2032“, Vietnam smart cities market size is projected to exhibit a growth rate (CAGR) of 15.21% during 2024-2032.
The policies made by government authorities to promote urban infrastructure development and modernization with the utilization of information and communication technology (ICT) are the factors responsible for the growth of the Vietnam smart cities market. Additionally, the demand for smart city development is rising owing to the escalating smart city projects across major regions, aiming to enhance public services such as transportation, energy management, water and waste management, public safety, etc., which is fueling the market. This initiative is further supported by burgeoning economic growth and the increasing need to address challenges related to traffic congestion, environmental pollution, and efficient resource management. Moreover, the young tech-savvy population of the country, along with rising internet penetration, creates a conducive environment for adopting smart city solutions, which is contributing to the expansion of the market.
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Vietnam Smart Cities Market Trends and Drivers:
The growing use of IoT technologies and big data analytics, which are pivotal in enabling real-time data collection and analysis to improve city operations and decision-making processes, is further augmenting the Vietnam smart cities market. In addition to this, the market is inclining towards developing sustainable energy solutions, such as smart grids and renewable energy sources, to reduce carbon footprints and ensure efficient energy use, thereby propelling the market. Furthermore, the market is seeing increased collaboration between the public and private sectors, with international tech giants and local start-ups playing key roles in developing innovative solutions tailored to the specific needs of cities, which is projected to bolster the Vietnam smart cities market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Focus Area Insights:
- Smart Transportation
- Smart Ticketing
- Traffic Management System
- Passenger Information Management System
- Freight Information System
- Connected Vehicles
- Others
- Smart Buildings
- Building Energy Optimization
- Emergency Management System
- Parking Management System
- Others
- Smart Utilities
- Advanced Metering Infrastructure
- Distribution Management System
- Substation Automation
- Others
- Smart Citizen Services
- Smart Education
- Smart Healthcare
- Smart Public Safety
- Smart Street Lighting
- Others
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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