Vietnam Cloud Computing Market By Service (Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS)), By Deployment (Public, Private, and Hybrid), By Organization Type (Government, Small and Medium Sized Enterprises, and Large Enterprises), By End-User (IT & Telecom, BFSI, Retail & Consumer Goods, Healthcare, and Others), By Region, Competition, Opportunit
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 Computing Market By Service (Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS)), By Deployment (Public, Private, and Hybrid), By Organization Type (Government, Small and Medium Sized Enterprises, and Large Enterprises), By End-User (IT & Telecom, BFSI, Retail & Consumer Goods, Healthcare, and Others), By Region, Competition, Opportunit
Vietnam Cloud Computing Market is driven by the rising demand for reduced Information Technology (IT) cost by using the resources of cloud computing services. The growth of the market is on account of the increasing adoption of the Internet of Things (IoT), edge computing,
The top service providers are offering enhanced services with technological advancements attributed to the hybrid cloud solutions in running and managing the applications of the system. The companies operating in the market are focusing on higher security data storage, in-house services, and sources expansion to increase their market shares. Technologically advanced organizations are matching workloads to the best working-environment based on a range of criteria that matter to them mostcost, performance, compliance, skill sets, industry-specific needs, etc. Other competitive strategies include mergers & acquisitions and developing new innovative services.
Demand for Digital Transformation is Fueling the Market Growth
National Digital Transformation Program to 2025
Massive Potential of Hybrid Cloud is Driving the Market Growth
The potential of hybrid cloud to manage high network traffic and ensure the safety of sensitive data is expected to drive the Vietnam cloud computing market. The speed and pace with which businesses need to become truly agile and cognitive enterprises are pushing further the adoption of hybrid cloud strategies and boosting the overall cloud computing market across Vietnam.
Launch of 5G is Driving the Market Growth
According to network equipment maker Cisco, the number of 5G subscriptions in Vietnam is forecast to reach 6.3 million in 2025.
Supportive Government Initiatives are Driving the Market Growth
The Vietnamese Government is very much aware of the importance of cloud computing platforms. To accelerate the development of cloud computing platforms that serve as an essential foundation for national digital transformation, in April 2020, the Ministry of Information and Communications (MIC) in Vietnam issued technical criteria to evaluate and select cloud computing solutions for e-government/e-governance. The technical criteria consist of 153 standards, including 84 technical and 69 information security criteria. The MIC has presented certificates to five Vietnamese firms with cloud computing platforms that meet this technical criterion to serve e-government and e-governance. These platforms are Viettel Cloud platform, VNPT Cloud platform, VNG Cloud platform, CMC Cloud platform, and BizFly Cloud computing platform.
Rise in the Adoption of Edge Computing
Edge computing has risen as one of the most important drivers, given that edge is an explicitly hybrid approach to cloud computing. It spans from the enterprise computing core to the edge of telco and other service provider networks and, from there, to user sites and sensor networks. Edge contrasts sharply with multi-cloud silos, given that consistent platforms and management are necessary for edge architectures to function effectively. Such factors are expected to create opportunities for the growth of The Vietnam Cloud Computing Market during the forecast period.
Market Segmentation
Based on Service, the market is divided into
Company Profiles
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. etc.
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | Service Deployment Organisation Type End-User Region |
| Regional Scope | Northern, Southern, Central |
| 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., among others |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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