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Trends and Development Solutions: Internet of Things (IOT) Market in Vietnam

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Trends and Development Solutions: Internet of Things (IOT) Market in Vietnam International Journal of Research and Review Vol.8; Issue: 3; March 2021 Website: www.ijrrjournal.com Review Article E-ISSN: 2349-9788; P-ISSN: 2454-2237 Trends and Development Solutions: Internet of Things (IOT) Market in Vietnam Nguyen Xuan Ha1, Dang Minh Tuan2, Tran Duc Can3, Nguyen Thi Lan Huong4, Nguyen Huu Xuyen5 1Hanoi University of Science and Technology, Vietnam 2CMC Institute of Science and Technology, Vietnam 3University of Economics - Technology for Industries, Vietnam 4Hanoi Industrial Textile Garment University, Vietnam 5National Institute of Patent and Technology Exploitation, Vietnam Corresponding Author: Nguyen Xuan Ha ABSTRACT Then there are various interpretations of IoT. According to the International Internet of Things (Internet of Things) market Telecommunication Union (ITU, 2015), the development trends has an important role in the IoT connects objects in both intelligent and process of building a technology roadmap and sensible ways, through the technical technology innovation roadmap. The development of object recognition development of the IoT will impact the consolidation of technologies and blur the lines technologies via RFID radio waves, sensor between the physical, digital and biological technology, smart technology and realms. In Vietnam, the development of the IoT nanotechnology. IoT is a global market has been interested by the Government, infrastructure for information society, but the domestic supply is still limited, mainly providing advanced services by connecting depends on the source of technology imported objects (both real and virtual) based on the from abroad, so the IoT market is still in its existence of information, interoperability of infancy, not really developed. This article will that information and based on identify and analyze the development trend of communication technologies. By exploiting the IoT market, and then propose solutions to the ability to identify, collect data, process develop the IoT market to serve the data and communication technology, IoT development of the roadmap for IoT application technology innovation in accordance with the systems provide services for many different strategy of change number of Vietnam. The types of applications, simultaneously, paper is part of the research results of the topic ensuring security and privacy. From there, "Construction technology map and the IoT can be considered a technology technological innovation roadmap in developing trend and a development trend of society, and applying IoT in Vietnam”, code: especially in the context of the fourth ĐM.40.DA/19. industrial revolution is taking place strongly. Keywords: IoT, IoT market Up to now, in general, there are still many different perspectives about IoT, but 1. INTRODUCTION the concepts are basically about connecting At first, IoT was understood quite objects over the Internet. In studies of IoT, simply, to refer to indoor objects and the concept of IoT of ITU is most cited and devices such as televisions, refrigerators, referenced by researchers. IoT is understood washing machines, gas cookers, ... equipped that when everything is connected to each with technologies such as wifi, bluetooth, other through the Internet, users can control RFID sensors, etc. .. to help them connect. all their objects over the network with just International Journal of Research and Review (ijrrjournal.com) 520 Vol.8; Issue: 3; March 2021 Nguyen Xuan Ha et.al. Trends and development solutions: internet of things (IOT) market in Vietnam. one smart device. IoT has some Internet or internal LAN. Therefore, with characteristics such as: the ability to the development of IoT we can connect with communicate anytime, anywhere, anytime; everything; supervise everything; control the ability to locate devices; the device's everything; find everything when it is ability to exchange information via the needed and manage everything. Figure 1: Location of IoT and related technologies Source: Gartner, 2020 IoT can create a new industrial IoT is considered the most revolution, transforming the world economy breakthrough technology and has many and human life. The IoT will create opportunities in the future. The greatest opportunities for all industries to benefit, power of the IoT is its ability to turn data increasing data transmission and Internet into action without the need for communication. Therefore, all businesses intermediary entities. The fact that the IoT and industries can use those data to analyze stands at its highest point is the result of and decide their strategies in the future. many globally influential activities. In it, Over the years, Gartner has consistently there must be the initiatives and moves of made research and predictions about the the world's largest technology and industry development of a technology known as the firms in North America and Europe. Thus, Hype Cycle (Figure 1). The Hype Cycle according to Gartner predictions, IoT will consists of five phases: start-up of develop strongly in the next 5-10 years, and technology; the climax of the hype about then go into stable development. At that technology's expectations; concave at the time, the application and development of end of the hype; the beginning of the climb IoT will bring many economic benefits to goes up when the problems are clarified; organizations and countries participating in stable development. Gartner recommends investing in IoT development. The growth waiting for the technology's ripe stages to of the IoT is underpinned by a number of put it into practice. related technologies. Some key areas such International Journal of Research and Review (ijrrjournal.com) 521 Vol.8; Issue: 3; March 2021 Nguyen Xuan Ha et.al. Trends and development solutions: internet of things (IOT) market in Vietnam. as: data aggregation / virtualization tools; are mobile phones, laptop PCs, and tablets. IoT network edge architecture; integrated The world will spend about 1,300 billion IoT; IoT services; low-cost, self-developed USD on the IoT (IDC, 2018). The added user electronic circuits; machine learning; value brought about by the IoT will reach product data management. about 1,900 billion USD by 2020 (Gartner, 2018). 2. RESEARCH METHODS According to McKinsey (2018), by The authors have inherited the 2025, IoT will contribute to the global researches published at home and abroad on economy of 11,000 billion US dollars. In the IoT market, developing the IoT market. 2021, it is expected that the number of Especially some announcements: of the subscribers will reach 9.1 billion. This International Telecommunication Union number of subscribers is higher than the (2015), Gartner (2018, 2020), Ericsson population because each person can own Mobility Report (2017), Research Company many devices. In IoT connections, there are Rand Europe (2019), Consulting Firm SIM / eSIM subscriptions embedded in the Accenture (2018); Vietnamese Ministry of device and also devices such as consumer Information and Communications, Vietnam electronics that do not require a SIM (Non- Ministry of Science and Technology, and SIM). The IoT is going strong. 50% of some information from experts and businesses have started implementing IoT consulting companies in Vietnam have been projects with the expectation of providing published at websites such as: revenue opportunities for many industries, https://techinsight.com.vn, and those solutions start to commercialize at https://iotvietnam.com/, a very rapid rate. Utilities, transportation, https://ifactory.com.vn/, smart building, agriculture, and retail are the https://bkaii.com.vn/, leading industries in IoT application https://solutions.viettel.vn, In 2020, IoT can bring huge https://www.cisco.com/. potential revenue to industries around the In addition, to clarify the published world at about 1.4-14.4 trillion USD data on IoT, the IoT market, the authors (equivalent to GDP of the European Union) have collected, selected and analyzed the (Rand Europe, 2016). Not only that, many information obtained through the seminars basic economic industries can increase held in Vietnam. in 2019 and 2020; At the investment in the IoT ecosystem with the same time, using interview results in 2020 total investment in IoT solutions estimated from a number of experts working at at $ 6 trillion (Business Insider Intelligence, German research institutions, businesses, 2018). In particular, manufacturing and universities such as German Aerospace enterprises can increase investment by 35% Center, Ostbayerische Technische in the use of smart sensors. The transport Hochschule Regensburg, Technical industry will have more than 220 million University of Darmstadt. connected cars. The defense industry can spend $ 8.7 billion on unmanned vehicles 3. RESEARCH RESULTS and about 126,000 military robots will be According to Ericsson Mobility shipped. Agricultural production can install Report (EMR, 2017), by 2021, it is expected 75 million IoT devices, mostly sensors that there will be 28 billion connected placed in the soil to monitor acidity, devices, of which 15 billion are connected temperature and other metrics to help to IoT, including M2M (Machine-to- farmers increase crop yields. The Machine) equipment such as smart meters, infrastructure sector can increase investment road sensors, retail locations, and consumer by $ 133 billion for IoT systems. electronic devices such as televisions, Many other areas also increase DVRs, wearables; the remaining 13 billion investment in the IoT and IoT ecosystems International Journal of Research
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