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In the world currently, there are nearly 15 billion IoT connections, which means each person is connecting to nearly 2 smart devices via the internet. But in Vietnam, this number is still very low, only about 1/20 of the world average.
On June 14, in Hanoi, Viettel Telecommunications Corporation (Viettel Telecom) held a conference Viettel M6M IoT. This is an event to discuss the topic of platform, connection infrastructure and experience in business development of internet of things (IoT) devices connecting machine to machine (Machine to Machine, M2M). The event had the participation of IoT business and technical speakers from Deloitte, GSMA, Hanoi University of Science and Technology, Rang Dong, China Mobile and more than 2 domestic and foreign enterprises (USA, Netherlands, France) , Spain, UAE, China…).
Vietnam IoT market can reach 7 billion USD by 2025
Along with the continuous development of technology, IoT has become a new source of inspiration for businesses around the world, an opportunity for the business boom of startups, opening new revenue streams in the future. technology application businesses. Connecting smart devices to the internet has revolutionized the way we live and work. IoT devices when applied to business operations can help increase productivity, improve processes, optimize costs, and especially improve user experience. According to a report by GSMA Intelligence, the number of IoT devices in Vietnam is expected to increase from 21 million in 2018 to 96 million in 2025. According to data from the Ministry of Information and Communications, the IoT market size in Vietnam has grown reached more than 2 billion USD in 2019, is expected to reach 7 billion USD in 2025.
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Nguyen Trong Tinh, Deputy General Director of Viettel Telecom spoke at the event |
Nguyen Trong Tinh, Deputy General Director of Viettel Telecom, said that there are currently nearly 15 billion IoT connections in the world, which means each person is connecting to nearly 2 smart devices via the internet. But in Vietnam, this number is still very low, only about 1/20 of the world average. Related to the story of universal telecommunications in Vietnam, the IoT market also has similarities. 20 years ago when Viettel entered the telecommunications market, the density of mobile connections was only 5% of the population, after 8 years, the density reached 100%.
In the field of IoT, Vietnam is also 20 places behind the world, in order to achieve the same density of connection per population as the world, Vietnam must make more efforts. However, Mr. Tinh believes that the IoT field will also be able to develop so strongly in the coming time, when businesses, telecommunications and IT units together solve infrastructure engineering problems, working together to develop this market.
“This field will be an inspiration for business ideas for start-ups, as well as an opportunity for growth, opening up new revenue streams in the future for all businesses. Viettel is committed to supporting businesses in implementing and operating IoT projects, from solution design to technical support and after-sales service. Viettel understands that the success of businesses is the success of the whole community,” emphasized Mr. Tinh.
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Speakers discuss at the event |
Solve technology and human resource problems
According to Mr. Nguyen Minh Thi, IoT Architect (Viettel Network), the main core problem in IoT development in Vietnam today is the technology barrier. Many businesses and units are aware of the benefits of IoT, and many businesses have solutions and solutions for these requirements. However, when implementing, businesses are facing a lot of difficulties, many Vietnamese enterprises have to handle it and go it alone. “If we can share IoT knowledge in the business community, we will help them save a lot of costs in terms of human, material and time. This can only be solved when Vietnamese digital technology businesses go together, "said Mr. Thi.
Assoc. Prof. Dr. Nguyen Duc Minh (Faculty of Electronics, Hanoi University of Science and Technology) said that Vietnam is lacking in chief engineers who can analyze business aspects for business owners so that they can understand the benefits. benefits of IoT application. Explaining that Vietnam is lagging behind the world in IoT technology, Mr. Minh said that the Vietnamese market is too small, so it is very difficult to offset research and development costs. We are both redundant and lacking in IoT development human resources. The number of students receiving electronic training is about a few hundred per year, which is difficult for businesses to absorb. However, we lack the people who know the system to be able to develop, test the product from start to finish, and bring it to market. In other words, Vietnam lacks senior personnel in IoT development,” said Minh.
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Visiting the exhibition and demonstration of IoT devices at the event |
Within the framework of the conference, Viettel and its partners also organized a display of many new IoT applications and products such as VHealth health monitoring devices, smart home solutions with HomeCamera AI - connected to Viettel applications. Home, wireless sensor IoT devices, smart water metering system, CMP connection management platform...
