Vietnam is currently in the top 10 outstanding markets for Smarthome. Data from market research companies also show the inevitable growth in the size of the industry, even when the Covid-19 epidemic has great impacts on all aspects of life.
According to a report published by Statista (a German company in market research with a platform containing more than 1,000,000 statistics on more than 80,000 topics from more than 22,500 sources and 170 different industries), Smart Home market predictions in Vietnam will reach revenue of 225.3 million USD in 2021 and 330.4 million USD in 2022. However, due to the impact of the Covid-19 pandemic, Smarthome revenue in the Vietnam market will fall to about 183 $3.9 million in 2021 and $251 million in 2022, this number will continue to grow to $449.1 million in 2025.
Statista's data shows that the scale of the Vietnamese Smarthome market will continue to expand, resonating with the general development trend in the world.
Smarthome, itself is still a term that needs to be explained and explained more to customers. And one of the simplest explanations used by many brands is that "A smart home is a house that allows owners to control all electrical appliances by Smartphone and voice". This explanation refers to the fact that we can individually control electrical appliances, such as turning on the lights with a Smartphone, closing the curtains by voice, etc. However, the automation feature, or creating a live scenario by The way smart devices work together is the most unique and comprehensive feature when it comes to smart homes.
But in fact, in the Vietnamese market, users tend to be interested in individual smart devices rather than a comprehensive smart home system.
According to data from monthly search results on Google, instead of searching for Smarthome or Smart Home, users tend to search for individual smart devices such as smart lights, smart door locks, curtains. In particular, only in 2020, the average search volume for smart lights and smart locks is 3 and 2.5 times higher, respectively, than the search volume for Smarthome in general. This is partly a reflection of the penetration of individual products that are somewhat superior to a comprehensive Smart Home system.
In the first 8 months of 2021, Viettel Construction also provides apartment projects and households with a variety of smart products such as 35,000 security cameras, more than 1,000 sets of smart magnetic locks, and speaker products. use AI,...
Vietnamese smart home devices are increasingly gaining a foothold in the domestic market
Vietnam is in the process of developing and perfecting a full and modern market economy in the direction of international integration. The development of the Internet helps users to have many tools to learn, compare and evaluate the features and origins of smart devices by themselves.
These factors facilitate Smart Home companies to bring "Make in Vietnam" products to more users. Despite being a latecomer, many Vietnamese companies have taken advantage of the latecomers by inheriting and developing based on previous scientific and technological achievements, creating smart products for Vietnamese people...
The image of the central controller and VCC Smarthome identification appears on the voice-controlled smart speaker manufacturer application
In the quarter 3/2021, Viettel Construction will market Smarthome products developed by Viettel Construction. This product has 2 Standard versions and the Premium version (upgrade), designed based on the habit and needs of the indigenous person to bring the most suitable experiences, helping life become Smart, more convenient. Placing the server in Vietnam will also help the processing system and customer support take place as quickly as possible.
Source: Brandsvietnam & Viettel Construction compiled