IMARC Group has published a market research report titled “Vietnam Smart Building Market Report by Component (Hardware, Software, Service), Technology (Building Infrastructure Management (BIM), Security and Emergency Management, Energy Management, Network and Communication Management, Workforce Management, and Others), End User (Commercial, Residential, Government and Public Infrastructure, Healthcare, Education, Transport, Manufacturing and Industrial, and Others), and Region 2024-2032“, Vietnam smart building market size is projected to exhibit a growth rate (CAGR) of 12.70% during 2024-2032.
The rising urbanization along with the support of the government authorities towards the development of smart cities are the factors responsible for the growth of the Vietnam smart building market. Additionally, the demand for smart buildings is growing owing to the high need for energy-efficient buildings, capable of incorporating advanced technologies for improved functionality and occupant comfort, which is fueling the market. This has led to a surge in investment in smart buildings, which integrate Internet of Things technologies to automate processes such as heating, ventilation, air conditioning, lighting, and security. Moreover, these technologies not only enhance the environmental sustainability of buildings but also significantly reduce operational costs, thereby attracting commercial and residential developers, which is further bolstering the market.
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Vietnam Smart Building Market Trends and Drivers:
Emerging trends in the Vietnam smart building market include the increasing use of artificial intelligence and machine learning to optimize building operations and maintenance. These technologies are being used to analyze data collected from various sensors within buildings to predict maintenance needs and optimize energy usage, creating more efficient and cost-effective management systems. In addition to this, there is a growing emphasis on security and safety technologies within smart buildings, with advanced surveillance and monitoring systems being implemented to ensure the safety of occupants, which is acting as another growth-inducing factor. Furthermore, the integration of these cutting-edge technologies into building infrastructure is not only enhancing the quality of life for residents but also positioning Vietnam at the forefront of the ASEAN smart building industry, which is expected to drive the Vietnam smart building market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Component Insights:
- Hardware
- Software
- Service
- Professional Service
- Managed Service
Technology Insights:
- Building Infrastructure Management (BIM)
- Parking Management System
- Smart Water Management System
- Elevators and Escalators Management System
- Security and Emergency Management
- Access Control System
- Video Surveillance System
- Safety System
- Energy Management
- HVAC Control System
- Lighting System
- Network and Communication Management
- Workforce Management
- Others
End User Insights:
- Commercial
- Residential
- Government and Public Infrastructure
- Healthcare
- Education
- Transport
- Manufacturing and Industrial
- 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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