The Vietnam Software as a Service
Increased Adoption of Subscription Based Services
The convenience and cost-saving features of digital subscription services have increased demand for a number of software applications. Moreover, with a lack of IT personnel in major international organizations, business apps are increasingly being used for branch offices and other facilities. Large businesses who have the requisite technology or resources and don't have any data security issues host subscription services behind their firewalls. Since SaaS programmes are subscription-based, there is no licence charge, which reduces the upfront investment. Additionally, because the SaaS provider oversees the IT infrastructure, it has far cheaper expenses for hardware, software, and resources. The Vietnam
Increasing Demand for Data Backup and Recovery
Software applications are hosted in the cloud using the SaaS, doing away with the requirement for local storage. To ensure that the service can continue if one data centre fails, data is kept in numerous data centres. Furthermore, SaaS solutions guarantee the integrity of corporate data by starting automated backups without user input, eliminating the time-consuming procedure of doing frequent backups. As a consequence of the model's simultaneous
Bypassing of Internal IT Departments
Software as a Service (SaaS) has assisted in displacing an internal IT strategy whereby employees of a corporation directly adjust the software architecture as necessary. Customers have been able to free up their technical teams thanks to SaaS solutions so they can concentrate on more important infrastructure expenditures.
The Emergence of Vertical SaaS
Customers of vertical SaaS are targeted inside certain supply chains and sectors, and it is completely configurable. Examples include retail analytics, healthcare analytics software, and contemporary logistics analytics. By adjusting features in response to customer demand and industry standards, vertical SaaS providers may successfully meet client demands within their market niche. As a result, there is more flexibility, more room for upselling, and fewer expenses associated with acquiring new customers. In order to gather client-focused insights, it enables businesses to collect industry-specific customer data and knowledge. Organizations may utilize the pre-configured measurements, KPIs, and analytics that come with vertical SaaS to evaluate and improve short- and long-term operations and performance. Companies looking to profit from specialization are finding that Vertical SaaS is a practical, sector-specific solution that enables them to precisely customize certain aspects.
Growing Usage of
SaaS formerly had a strong emphasis on a computer-first strategy, which usually meant that mobile devices might be neglected. However, companies from all sectors have started using tablets or smartphones to operate essential aspects of their operations in recent years. Because they can use dynamic mobile dashboards and other tools, more employees feel empowered to perform better. To make sure that their inventions meet the needs of a rising mobile market and also make their designs more accessible to older populations, the intellectually challenged, or people with visual and hearing problems, forward-thinking businesses have resorted to mobile optimization reporting tools. To accommodate the rising demand for mobile SaaS, several SaaS companies have embraced a mobile-first mindset and created innovative solutions.
Market Segmentation
Vietnam Software as a Service Market is divided into Business Application, Offering, Organization Size, Deployment, and End User. Based on Business Application, the market is divided into Marketing, Customer Relationship Management, Business Operations, Finance, Database Management, Enterprise Resource Planning, and Others. Based on Offering, the market is segmented into Horizontal SaaS, Vertical SaaS. Based on Organization Size, the market is divided into
Market Players
Major market players in the Vietnam Software as a Service Market
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018– 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028 |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Business Application Offering Organization Size Deployment End User |
| Country scope | North Vietnam, Central Vietnam, South Vietnam |
| Key companies profiled | IBM Vietnam Company Ltd, Oracle Vietnam Pte Ltd, SAP Vietnam Co. Ltd, Cisco Systems Vietnam, Amazon Web Services Vietnam, Microsoft Vietnam Company Limited, FPT Software, Adobe Inc, Salesforce Inc and STS Software Technology JSC (Saigon Technology). |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail 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/Word format on special request) |
