Vietnam IoT Connectivity Market Size, Share, Trends and Forecast by Component, Application, Enterprise Size, End Use Industry, and Region, 2026-2034

Report Format: PDF+Excel | Report ID: SR112025A44213

Vietnam IoT Connectivity Market Overview:

The Vietnam IoT connectivity market size reached USD 48.76 Million in 2025. The market is projected to reach USD ‎236.55 ‎Million by 2034, exhibiting a growth rate (CAGR) of 19.18% during 2026-2034. The IoT connectivity market is advancing through strong government policies, expanding telecom infrastructure with nationwide 5G deployment, and rising enterprise-led digital transformation. These factors collectively enhance adoption, attract investment, and establish a secure technological base, contributing to the expansion of the Vietnam IoT connectivity market share.

Report Attribute	Key Statistics
Base Year	2025
Forecast Years	2026-2034
Historical Years	2020-2025
Market Size in 2025	USD 48.76 Million
Market Forecast in 2034	USD ‎236.55 ‎Million
Market Growth Rate 2026-2034	19.18%

Vietnam IoT Connectivity Market Trends:

Government Support and Strategic Policies

Digital transformation initiatives are being initiated with a strong focus on speeding up IoT implementation in key areas like manufacturing, agriculture, and smart cities. These efforts are supported by beneficial licensing structures, monetary incentives for tech companies, and spectrum distributions that promote 5G implementation. The active involvement of the governing body includes encouraging foreign and private investment, which improves infrastructure development and aids in knowledge transfer. A significant advancement in this area took place in 2025, as Infineon collaborated with Vietnam’s Startup & Innovation Hub (Sihub) via a memorandum of understanding (MoU) focused on fostering IoT innovation. This partnership emphasizes assisting start-ups in sectors like mobility, energy, and IoT solutions, closely aligning with the state’s goal to promote entrepreneurship and enhance Vietnam’s position as a regional center for innovation. Through the proactive establishment of partnerships and the creation of a stable policy framework, the governing authority minimizes investor risk and fosters confidence in businesses.

Telecommunications Infrastructure and 5G Deployment

Significant investments from both public and private entities are accelerating the upgrading of mobile and broadband infrastructures, establishing a robust base for connected technologies. The gradual implementation of 5G networks is especially important, providing low-latency, high-capacity features that enhance sophisticated IoT applications in industrial automation, smart grids, and supply chain management. In 2024, a significant milestone was reached when Viettel launched its initial commercial 5G services, offering speeds of up to 1 Gbit/s and establishing a standard for connectivity performance nationwide. In addition to 5G, providers are delivering tailored IoT solutions, such as NB-IoT and LTE-M, to address diverse business needs in various industries. This network preparedness is creating assurance among companies to embrace IoT solutions without worries about reliability or scalability. Extending coverage to rural regions also enhances prospects, especially in agriculture and retail. Through the integration of infrastructure funding, advanced services, and cooperative solutions, Vietnam's telecommunications sector is establishing a technological foundation that supports the ongoing growth of the market.

Enterprise Demand and Digital Transformation Initiatives

A rise in enterprise-driven digital transformation initiatives is bolstering the Vietnam IoT connectivity market growth by driving widespread adoption of connected solutions that enhance efficiency, reduce costs, and strengthen competitiveness across industries. Companies in various sectors face pressure to boost efficiency, lower operational expenses, and improve user interaction. IoT solutions offer real-time surveillance, predictive upkeep, and analytics-driven insights that effectively meet these requirements. Local producers, in particular, are embracing IoT to stay competitive in international supply chains, aligning with trends of Industry 4.0. Furthermore, the retail and logistics industries are progressively employing connected devices to enhance distribution and boost transparency. Corporate strategies are increasingly influenced by the growing user demands for interconnected services and smooth experiences. This enterprise uptake is backed by an expanding network of IoT solution vendors, system integrators, and start-ups that address industry-specific needs. International companies are collaborating with Vietnamese businesses, introducing sophisticated platforms and solutions to the domestic market. The result is a strong demand push that drives continuous investment in connectivity solutions.

Vietnam IoT Connectivity Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2026-2034. Our report has categorized the market based on component, application, enterprise size, and end use industry.

Component Insights:

Platform
Services

The report has provided a detailed breakup and analysis of the market based on component. This includes platform and services.

Application Insights:

Buildings and Home Automation
Smart Energy and Utility
Smart Manufacturing
Smart Retail
Smart Transportation
Others

A detailed breakup and analysis of the market based on application have also been provided in the report. This includes buildings and home automation, smart energy and utility, smart manufacturing, smart retail, smart transportation, and others.

Enterprise Size Insights:

Small and Medium-sized Enterprises
Large Enterprises

The report has provided a detailed breakup and analysis of the market based on enterprise size. This includes small and medium-sized enterprises and large enterprises.

End Use Industry Insights:

Transportation
Manufacturing
Energy and Utilities
Healthcare
Retail
Residential
Government
Insurance
Others

A detailed breakup and analysis of the market based on end use industry have also been provided in the report. This includes transportation, manufacturing, energy and utilities, healthcare, retail, residential, government, insurance, and others.

Regional Insights:

Northern Vietnam
Central Vietnam
Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam IoT Connectivity Market News:

June 2025: Vietnam's CT Group launched the country's first domestically designed IoT chip, developed for UAVs, smart devices, telecom, and defense. The group aims to create a full semiconductor ecosystem by 2030, focusing on AI, IoT, and custom SoCs. Despite challenges, CT Group plans to strengthen Vietnam’s chip industry with new R&D centers and a national talent development initiative.
May 2024: VIoT and Actility signed a strategic agreement to deploy a nationwide LoRaWAN® IoT network in Vietnam. This collaboration aimed to enhance IoT applications in sectors like smart cities, industrial zones, and agriculture.

Vietnam IoT Connectivity Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2025
Historical Period	2020-2025
Forecast Period	2026-2034
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Application Enterprise Size End Use Industry Region
Components Covered	Platform, Services
Applications Covered	Buildings and Home Automation, Smart Energy and Utility, Smart Manufacturing, Smart Retail, Smart Transportation, Others
Enterprise Sizes Covered	Small and Medium-sized Enterprises, Large Enterprises
End Use Industries Covered	Transportation, Manufacturing, Energy and Utilities, Healthcare, Retail, Residential, Government, Insurance, Others
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Vietnam IoT connectivity market performed so far and how will it perform in the coming years?
What is the breakup of the Vietnam IoT connectivity market on the basis of component?
What is the breakup of the Vietnam IoT connectivity market on the basis of application?
What is the breakup of the Vietnam IoT connectivity market on the basis of enterprise size?
What is the breakup of the Vietnam IoT connectivity market on the basis of end use industry?
What is the breakup of the Vietnam IoT connectivity market on the basis of region?
What are the various stages in the value chain of the Vietnam IoT connectivity market?
What are the key driving factors and challenges in the Vietnam IoT connectivity market?
What is the structure of the Vietnam IoT connectivity market and who are the key players?
What is the degree of competition in the Vietnam IoT connectivity market?

Key Benefits for Stakeholders:

IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam IoT connectivity market from 2020-2034.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam IoT connectivity market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam IoT connectivity industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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