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US sign a strategic partnership agreement with Vietnam
18/10/2023

Tech leaders meet in Hanoi during Biden's Vietnam visit

The tech landscape in Vietnam is gaining international attention, as leading U.S. semiconductor and digital companies converge in Hanoi for pivotal strategic discussions. This high-level meeting coincides with U.S. President Joe Biden's visit to Vietnam, highlighting efforts to strengthen bilateral relations between the two nations. The gathering is expected to draw senior executives from industry giants such as Intel, GlobalFoundries, and Google, signaling the U.S.'s intent to expand Vietnam's role in the global semiconductor industry. Strengthening Bilateral Ties in Technology As President Biden visits Vietnam, discussions between Vietnamese officials and U.S. companies are expected to focus on strengthening collaboration in the semiconductor sector. Notable companies like Intel, Amkor, Marvell, and Boeing are anticipated to attend the meeting, along with approximately 30 top executives and government officials. While this roundtable event remains unannounced, its strategic importance is evident, particularly as it aligns with U.S. objectives to boost Vietnam’s semiconductor manufacturing capabilities. The semiconductor industry is central to the discussions, with an emphasis on Vietnam’s potential to become a key player in chipmaking. These talks underscore the growing importance of Vietnam in the tech supply chain and are likely to influence future policies aimed at enhancing Vietnam's technological infrastructure. Vietnam’s Semiconductor Ambitions Several U.S. semiconductor companies have already invested in Vietnam, recognizing its potential as a rising hub for tech manufacturing. Intel, for instance, operates its largest global chip assembly and testing facility in southern Vietnam, representing a $1.5 billion investment. Amkor is also contributing to the country's semiconductor industry, with a state-of-the-art mega factory near Hanoi. Vietnam's aspirations in the semiconductor field extend beyond assembly and testing. The country has expressed interest in building its own chip fabrication plants (fabs), with discussions between Vietnamese officials and U.S. semiconductor companies focusing on this ambition. GlobalFoundries, a leader in integrated circuit manufacturing for smartphones, cars, and other applications, has been part of these talks, highlighting Vietnam’s potential to become a regional leader in chip design and manufacturing. However, the road to establishing Vietnam as a key player in semiconductor fabrication is not without challenges. A shortage of skilled engineers may slow the country’s progress, underscoring the need for investment in education and workforce development to support the growing industry. Collaboration on Artificial Intelligence Beyond semiconductors, artificial intelligence (AI) represents another area where U.S.-Vietnam collaboration could flourish. Vietnam has been in discussions with major U.S. tech companies, including Google, to explore opportunities for AI development. As Google is a global leader in AI technology, its involvement in these talks suggests that Vietnam is positioning itself to become a significant player in the AI sector. Vietnam’s growing interest in AI aligns with the U.S. strategy of building stronger ties with the country. Collaboration in AI could unlock new opportunities for Vietnam in sectors such as healthcare, finance, and manufacturing, where AI-driven solutions are becoming increasingly critical. As the Vietnamese government continues to engage with U.S. tech companies, the potential for partnerships in AI is likely to grow, further strengthening the technological relationship between the two nations. TMA Solutions: A Key Contributor to Vietnam’s Tech Ecosystem TMA Solutions, a prominent Vietnamese technology company, is playing a crucial role in advancing the country's tech ecosystem. With a commitment to delivering high-quality services that meet international standards, TMA has established itself as a leader in software development and IT solutions. The company’s certifications, including CMMI Level 5, ISO 27001, and ISO 9001, demonstrate its dedication to maintaining the highest levels of service quality. TMA’s global client network spans North America, Europe, and Asia, allowing the company to cater to a wide range of customer needs across different markets. This international presence has positioned TMA as a trusted partner for businesses seeking tailored software solutions, further enhancing Vietnam’s reputation as a destination for high-quality IT services. Challenges and Opportunities for Vietnam’s Tech Future Vietnam’s semiconductor and AI ambitions are poised for growth, but challenges remain. The country’s shortage of engineers could slow the pace of development in the semiconductor industry, while the establishment of fabs will require significant investment and expertise. However, the involvement of major U.S. companies in Vietnam’s tech ecosystem suggests that the country is on the right path to becoming a key player in both semiconductors and AI. The U.S.-Vietnam relationship is entering a new phase, with technology at the center of bilateral talks. As Vietnam continues to attract investment from global tech giants like Intel, Google, and GlobalFoundries, the future looks bright for the country’s role in the global technology supply chain. With strong collaboration between the two nations, Vietnam is well-positioned to become a leader in semiconductor manufacturing and AI development. In conclusion, the strategic talks during President Biden’s visit to Vietnam mark a significant milestone in U.S.-Vietnam relations, particularly in the technology sector. As Vietnam continues to strengthen its semiconductor and AI capabilities, the country's tech industry is poised for rapid growth, driven by international investment and collaboration. This progress will not only benefit Vietnam but also contribute to the broader global technology landscape.
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Web3 Infographic 2021 - 2023
30/06/2023

Web3 - The Future of the Internet

As the digital landscape continues to evolve, Web3, often hailed as the next generation of the internet, is transforming how businesses operate and engage with users. Web3 represents a decentralized version of the internet, powered by blockchain technology, smart contracts, and peer-to-peer networks. This emerging technology promises to bring about significant advancements in various industries, with finance, social platforms, and gaming leading the charge. Web3 in Numbers: A Growing Ecosystem The adoption of Web3 is on the rise, with finance applications benefiting the most from its decentralized and transparent architecture. In fact, 46% of finance apps are now utilizing Web3 technology. Beyond finance, other sectors such as social applications (8.9%) and gaming (5.7%) are also embracing Web3 to create more interactive and secure user experiences. From a geographical standpoint, North America leads the global Web3 economy, accounting for 34% of the market. Europe holds 24%, and the Asia-Pacific region ranks third with 18%. The remaining market share is distributed among the Middle East and Africa (14%) and South America (10%). Web3 Blockchain Market: Current Trends and Future Growth Web3’s growth is reflected in the rapid expansion of the blockchain market. In 2021, the global Web3 blockchain market was valued at USD 3.8 billion. The market saw a slight dip in 2022, with a valuation of USD 1.73 billion, but it is projected to experience exponential growth. Experts anticipate the Web3 blockchain market to expand at a Compound Annual Growth Rate (CAGR) of 47.1% from 2023 to 2030, driven by growing interest and investments in decentralized technologies. Looking ahead, the market’s revenue is expected to reach USD 23.3 billion by 2028, achieving a CAGR of 41.6% during this period. The North American market, which dominated in 2022 with over 37% of global revenue share, will continue to play a pivotal role in this growth. At the same time, the Asia-Pacific region is projected to become the fastest-growing market, thanks to its technological advancements and adoption of blockchain applications across various sectors. Opportunities and Benefits for Businesses Web3 presents a wealth of opportunities for businesses looking to enhance their digital strategies and improve operational efficiency. Key benefits of Web3 include: Decentralization: Traditional centralized systems are prone to data breaches, monopolies, and censorship. Web3 offers a decentralized alternative, distributing control and enhancing security and privacy for users and businesses alike. Enhanced Transparency: Web3 is built on blockchain technology, which provides an immutable ledger of transactions and data. This transparency builds trust among users and fosters greater accountability for businesses. Improved Security: With data breaches and cyberattacks becoming increasingly common, Web3’s cryptographic security measures provide a robust defense against such threats, ensuring the safety of user data. Cost Efficiency: Web3 reduces the need for intermediaries in transactions, cutting down on costs for businesses. By automating processes through smart contracts, businesses can operate more efficiently and effectively. Regional Insights: A Global Phenomenon The Web3 revolution is not confined to one region. While North America remains the dominant player, Asia-Pacific is expected to outpace other regions in terms of growth. The region’s rapid adoption of blockchain and digital technologies positions it as a key driver in the future of Web3. Businesses in North America have long benefited from a mature market and early access to cutting-edge technologies. However, emerging markets in Asia are quickly catching up, presenting exciting opportunities for global companies to expand their reach and tap into new customer bases. The Middle East, Africa, and South America are also gaining traction, leveraging Web3’s decentralized infrastructure to create more inclusive and accessible economies. TMA Solutions: A Leader in Web3 Innovation As Web3 continues to reshape industries, it’s crucial for businesses to partner with experienced technology providers to stay ahead of the curve. TMA Solutions is a leader in this space, with over 27 years of experience in the software industry. Serving customers in 30 countries, TMA has the expertise and scale to deliver cutting-edge Web3 solutions tailored to the specific needs of businesses. One of TMA’s greatest strengths lies in its technical capability. With a team of over 4,000 software engineers, TMA can handle large and complex projects across a wide range of technologies, including AI, IoT, Big Data, Cloud Computing, and Blockchain. This depth of expertise enables TMA to provide businesses with the tools they need to harness the power of Web3 and thrive in an increasingly digital world. Conclusion: Embracing the Future with Web3 The potential of Web3 is vast, and businesses that leverage this transformative technology stand to gain a competitive edge in the market. From decentralization and transparency to security and cost efficiency, Web3 offers numerous advantages for forward-thinking companies. As the global Web3 blockchain market continues to grow, with North America and Asia-Pacific leading the charge, partnering with experienced technology providers like TMA Solutions will be essential for businesses looking to navigate this new digital frontier. With its extensive experience, technical expertise, and global reach, TMA is well-positioned to help businesses seize the opportunities of Web3 and drive innovation for the future.
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5G Infographic 2021 - 2023
28/06/2023

5G Industry: Trends and Projections for Future Development

The 5G industry is rapidly evolving, with substantial advancements and promising forecasts shaping its future. This article delves into the latest trends, market growth, and future projections of 5G technology, offering valuable insights for business owners and industry professionals. Current State of 5G Technology As of September 2022, the number of global 5G mobile subscribers reached approximately 870 million. This figure underscores the swift adoption of 5G technology across the globe. The momentum is set to continue, with projections indicating that 5G subscriptions will soar to 5 billion by the end of 2028. This remarkable growth highlights the increasing demand and integration of 5G in various sectors. Regional Growth Trends In 2022, North America and Northeast Asia emerged as the fastest-growing regions for 5G deployment. These areas are leading the way in 5G adoption due to their advanced infrastructure and significant investments in technology. This trend is expected to continue as these regions enhance their 5G networks and expand their coverage. Market Size and Projections The financial landscape of the 5G industry is equally promising. In 2022, the market size for 5G was valued at $30.62 billion. The market is anticipated to grow to $44.71 billion by 2023, reflecting a compound annual growth rate (CAGR) of 46%. This rapid growth trajectory is expected to continue, with the market projected to reach $125.27 billion by 2027, exhibiting a CAGR of 29.4%. Increase in 5G Devices The proliferation of 5G devices is another indicator of the technology’s expansion. From February to March 2023, the number of announced 5G devices rose by 3%, reaching a total of 1,896 devices. Of these, 1,513 devices, or 79.8%, are commercially available. This represents a 51.3% increase in the number of commercial 5G devices since the end of March 2022. This growth reflects the increasing accessibility and adoption of 5G-enabled devices among consumers and businesses. Growth in 5G Infrastructure The 5G infrastructure market is also experiencing substantial growth. In 2023, the market is valued at $12.08 billion and is expected to grow at a compound annual growth rate (CAGR) of 33.6% from 2023 to 2030. This growth underscores the significant investments being made in 5G infrastructure, which are essential for supporting the expanding network and technology ecosystem. TMA Solutions: Expertise and Capability TMA Solutions, a leading player in the software industry, stands out for its extensive experience and technical capabilities. With over 27 years in the software sector, TMA has built a solid reputation and serves customers in 30 countries. This experience provides TMA with a competitive edge, especially when compared to newer entrants in the market. Furthermore, TMA boasts a large team of over 4,000 software engineers, enabling the company to manage large and complex projects efficiently. Their expertise spans a wide range of technologies, including AI, IoT, Big Data, Cloud Computing, and Blockchain. This diverse technical capability positions TMA as a key player in supporting and advancing 5G technology and related innovations. Conclusion The 5G industry is poised for significant growth, driven by increasing subscriber numbers, expanding regional adoption, and substantial market investments. The rise in 5G devices and infrastructure further reflects the technology’s rapid integration into various sectors. TMA Solutions, with its extensive experience and technical expertise, is well-positioned to contribute to and benefit from these advancements. As 5G continues to evolve, staying informed and adaptable will be crucial for business owners and industry professionals looking to leverage its potential.
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RPA infographic 2021 - 2023
23/06/2023

RPA Market Overview: 2021-2023 Trends and Future Expectation

The landscape of Robotic Process Automation (RPA) has evolved significantly over the past few years, showing remarkable growth and widespread adoption across various industries. As businesses increasingly recognize the benefits of automation, the RPA market has experienced substantial expansion. This article provides an overview of the key trends and future expectations for the RPA market from 2021 to 2023, drawing insights from industry surveys and research reports. Key Findings on RPA Adoption The implementation of RPA has become a strategic priority for many organizations. According to Deloitte’s Global RPA Survey conducted in 2021, a substantial 78% of organizations had already implemented RPA within their operations. Another 16% were planning to adopt RPA within the next three years, while only 6% of organizations had no plans to integrate RPA into their processes. These statistics underscore the growing recognition of RPA as a critical tool for enhancing operational efficiency and achieving competitive advantage. The Impact of RPA on Business Operations RPA has demonstrated its value across multiple dimensions of business operations, consistently meeting and often exceeding expectations. The following are some of the key benefits that organizations have reported: Improved Compliance: 92% of organizations reported enhanced compliance as a result of implementing RPA. By automating routine tasks, RPA helps ensure that processes are carried out consistently and in accordance with regulatory requirements. Enhanced Quality and Accuracy: 90% of businesses experienced improvements in the quality and accuracy of their operations. Automation reduces the risk of human error, leading to more reliable and precise outcomes. Increased Productivity: 86% of organizations noted a significant boost in productivity. RPA enables businesses to automate repetitive tasks, allowing employees to focus on higher-value activities that require human judgment and creativity. Cost Reduction: 59% of companies reported cost savings through the use of RPA. By streamlining processes and reducing the need for manual intervention, organizations can lower operational costs and improve their bottom line. Market Size and Growth Projections The RPA market has seen impressive growth, with significant increases in market size year over year. In 2022, the RPA market was valued at USD 2,322.9 million. By 2023, this figure had risen to USD 2,942.7 million, reflecting the strong demand for automation solutions. Looking ahead, the market is expected to continue its rapid expansion, with a projected compound annual growth rate (CAGR) of 39.9% from 2023 to 2030. By 2030, the RPA market is forecasted to reach an astounding USD 30,850.0 million. Regional and Industry Insights RPA adoption varies across regions and industries, with some areas leading the charge in embracing automation technologies: North America: This region accounted for the largest share of the RPA market in 2022, representing 37.2% of the global market. North America is expected to maintain steady growth during the forecast period, driven by the continued adoption of RPA across various sectors. Small and Medium Enterprises (SMEs): The SME segment is projected to experience the highest CAGR from 2023 to 2030. As SMEs increasingly recognize the benefits of automation, RPA solutions are becoming more accessible and tailored to the needs of smaller organizations. Banking, Financial Services, and Insurance (BFSI): The BFSI sector holds the largest revenue share of the RPA market, accounting for 28.8% of the overall market. This industry has been a pioneer in adopting RPA to automate routine processes, enhance customer service, and ensure regulatory compliance.Future Expectations for the RPA Market The future of the RPA market is bright, with significant growth expected in both software and related services. By 2025, the RPA software market is anticipated to reach USD 6.5 billion. In addition to software, RPA-related services are projected to grow even more rapidly, potentially reaching USD 16 billion by 2025. These services, which include consulting, implementation, and support, are essential for organizations looking to successfully integrate RPA into their operations. TMA Solutions: A Global Leader in RPA TMA Solutions, with its strong presence in international markets across North America, Europe, and Asia, is well-positioned to capitalize on the growing demand for RPA solutions. With a large team of over 4,000 software engineers, TMA has the scale and technical capability to handle large and complex projects. The company’s expertise spans a wide range of cutting-edge technologies, including Artificial Intelligence (AI), Internet of Things (IoT), Big Data, Cloud Computing, and Blockchain, making them a key player in the global RPA market. Conclusion As organizations continue to seek ways to improve efficiency and reduce costs, the adoption of RPA is expected to accelerate. The market’s rapid growth, coupled with the increasing accessibility of automation solutions, suggests that RPA will become an integral part of business operations across industries. Companies like TMA Solutions, with their global reach and technical expertise, are poised to lead the way in delivering innovative RPA solutions that meet the evolving needs of businesses worldwide.
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Vietnam's FDI Boom: Global Production Center 2023
18/05/2023

Vietnam's rise as global production hub due to investment

Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.Electronics Firms Shifting Investment to VietnamSamsung to Increase Vietnam Investment to $20BStatistics from the Ministry of Planning and Investment (MPI) show that from January 2018 to April 20, 2023, the registered FDI in Vietnam totaled 180 billion USD, equaling 40.3% of the accumulated investment capital over the last 35 years. Vietnam is becoming a new production center.According to Minister of Planning and Investment Nguyen Chi Dung, more and more multinationals and big investors have continuously invested in Vietnam.Dozens of research and development (R&D) centres, innovation hubs, and technology incubators have been established, making it easier for domestic firms, especially small- and medium-sized enterprises, to connect with foreign businesses, they noted.Source: VietnamPlus
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Vietnam's Digital Transformation: Ranks 2nd in DBS Research
17/05/2023

Vietnam Ranks Second among 22 Markets in Digital Transformation

Research from DBS, a leading financial services group in Asia, on digital transformation has found that Vietnam is among the top 10 markets in the region in the endeavor and ranks second after Singapore among the 22 markets surveyed.Vietnam's Digital Economy: ASEAN's Leading Growth | 2025 PredictionsThe top 10 markets are Australia, China, Hong Kong (China), India, Indonesia, Singapore, Taiwan (China), the UK, the US, and Vietnam. Companies in Vietnam (68%) ranked higher than the global average (64%) in taking a strategic, consistent, or radical approach to digitalizing the customer experience and engagement, according to the research.The majority of Vietnamese companies (63%) were satisfied that digital transformation was helping them achieve overall profitability, followed by providing improved customer insight (61 percent) and overall competitiveness in the market (57%), according to the research. More than half (56%) said they have been effectively using digital technology in customer service and engagement.The findings also revealed that many Vietnamese companies (35%) were in the “developing leaders” category in terms of digitalizing their customer engagement, with major potential existing for high transformation performance down the road.Source: VnEconomy
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