Vietnam Cloud Services Market By Service Type (Infrastructure as a Service, Software as a Service, Platform as a Service), By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Type (SMEs, Large Enterprises, Public Administration), By End-Use (Banking, Financial Services & Insurance (BFSI), Healthcare, Retail & Warehousing, Manufacturing, IT & Telecom, Media & Entertainment, Public
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVietnam Cloud Services Market By Service Type (Infrastructure as a Service, Software as a Service, Platform as a Service), By Type (Public Cloud, Private Cloud, Hybrid Cloud), By Organization Type (SMEs, Large Enterprises, Public Administration), By End-Use (Banking, Financial Services & Insurance (BFSI), Healthcare, Retail & Warehousing, Manufacturing, IT & Telecom, Media & Entertainment, Public
| Forecast Period | 2023-2028 |
| Market Size (2022) | USD 445.85 Million |
| CAGR (2023-2028) | 9.36% |
| Market Size (2028) | USD 771.08 Million |
| Fastest Growing Segment | Hybrid Cloud |
| Largest Market | Northern Vietnam |
Vietnam Cloud Services Market was valued at USD 445.85 Million in 2022 and Looking forward, the market to reach USD 771.08 Million by 2028 and is anticipated to grow with a CAGR of 9.36% through 2028.
The term "cloud service" refers to a wide range of services delivered on demand to companies and customers over the internet. These services are designed to provide easy, affordable access to applications and resources, without the need for internal infrastructure or hardware. Cloud computing vendors and service providers fully manage cloud services. They are made found at to customers through the servers, so there is no need for a company to host the applications on its own on-premises servers.
Many global cloud service providers, like Google, Amazon Web Services (AWS), and Alibaba, have entered the market due to the pandemic's expansion in Vietnam's IT sector. Additionally, these main firms are making investments in this unexplored industry to develop innovations that will assist their partners and clients work more efficiently. Additionally, it assists them in developing new revenue sources for long-term, sustainable growth. For instance, Amazon Web Services (AWS) declared in May 2021 that the creator of the alternative food delivery app "Robinhood" had chosen AWS as its cloud provider to boost efficiency, creativity, and agility. The Robinhood app utilized AWS' unrivalled portfolio of cloud services, which includes databases (Amazon Aurora MySQL), computers and machine learning platform (Amazon Sage Maker), and containers (Amazon EKS). As a result, it is the first app in Thailand to not charge application or gross profit fees to small food vendors, a sector that is experiencing economic difficulties due to the pandemic, driving the Vietnam Cloud Services Market.
The Vietnamese government highly values the cloud computing infrastructure. The Ministry of Information and Communications (MIC) in Vietnam released technical criteria to evaluate and select cloud computing solutions for e-government/e-governance in April 2020 to hasten the development of cloud computing platforms, which serve as a crucial foundation for national digital transformation. Five Vietnamese companies who have cloud computing platforms that meet these technical requirements to support e-government and e-governance have received certificates from the MIC. These platforms include the BizFly cloud computing platform, the Viettel cloud platform, the VNPT cloud platform, the VNG cloud platform, and the CMC cloud platform, driving the Vietnam Cloud Services Market.
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The Vietnam Cloud Services market is segmented into service type, type, organization type, end-use, and region. Based on service type, the market is segmented into Infrastructure as a Service, Software as a Service, and Platform as a Service. Based on type, the market is divided into public cloud, private cloud, and hybrid cloud. Based on organization type, the market is separated into SMEs, large enterprises, and public administration. Based on end-use, the market is segmented into banking, financial services & insurance (BFSI), healthcare, retail & warehousing, manufacturing, IT & telecom, media & entertainment, public & government, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern Vietnam, Southern Vietnam, and Central Vietnam.
Major market players of Vietnam Cloud Services Market are FPT Corporation, Viettel-CHT Ltd. Co., CMC Corporation, IBM Vietnam Company Ltd., Microsoft Vietnam Limited Liability Company, Amazon Web Services Vietnam Company Limited, Mat Bao Corporation, NTC Cloud Computing Company Limited, SAP Vietnam Co. Ltd., HPT Vietnam Corporation, Google LLC, Salesforce.com, Inc. To achieve good market growth, businesses are actively employing organic tactics such as product launches, mergers, and partnerships.
- In November 2018, Mat Bao Corporation partnered with Microsoft to provide Microsoft cloud solutions in Vietnam.
- In March 2019, Google announced a program to help Vietnamese start-ups. Under this program, Google aims to help users to develop start-ups with Google’s infrastructure and tools, which would help Vietnam to improve its position on global start-up map.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Service Type By Type By Organization Type By End-Use By Region |
| Regional scope | Western Region, Northern & Central Region, Eastern Region, Southern Region |
| Key companies profiled | FPT Corporation, Viettel-CHT Ltd. Co., CMC Corporation, IBM Vietnam Company Ltd., Microsoft Vietnam Limited Liability Company, Amazon Web Services Vietnam Company Limited, Mat Bao Corporation, NTC Cloud Computing Company Limited, SAP Vietnam Co. Ltd., HPT Vietnam Corporation, Google LLC, Salesforce.com, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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