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| Source: Commnunity.arm |
Automotive
software industry is the industry in which software is used to control function
and enhance performance of the device. Technology advancement is reported to
help the global automotive market see robust growth from 2020 to 2026. Vietnam’s automotive software industry development will be in
line with the global one.
With
sales of light vehicles growing from about 95 million to over 106 million, Vietnam
Automotive is expected to experience strong growth between 2019 and 2025. Vietnam
automotive market outlook report carried out in 2019 states that the country is
among top 5 Asia nations in terms of fast growing automotive industry.
This is resulted from that up to now, the country has taken good advantages of its
self-resources, coming from abundant labor supply, R&D activities to
geographic benefit and government assistance.
As
for authority support, Vietnam government has made it clear that automotive
sector will be one of the country’s main source of revenue, as well as promotes
the flow of FDIs in the automotive industry. Also, the government has
prioritized to attract more FDIs flow into domestic automotive industry. Foreign
manufacturers plan to expand their production based in Vietnam.
Meanwhile, Vietnam
automotive software companies, as the ones at the national front, plays important
role in making the country become one of the region's most promising and
fast-growing markets for automobiles. As for now, domestic technology companies
has continuously adapted trends to improve their performance and services.
The field’s
trends in this year continue to focus on platform-based services, improved
products for electrification, and introducing automation at almost every level.
Innovative technology is required in this next phase of automotive software
industry development. Vietnam automotive software companies take innovation as
an important key, as they know without enough cutting-edge solutions, this can
restrict automotive market growth in the foreseeable future.
About us:
TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,600 engineers. Our engineering team was selected from a large pool of Vietnam IT resources; they are well-trained and have successfully completed many large and complex projects. Please visit us: https://www.tmasolutions.com/
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