Vietnam Cloud Service Market Set to Grow at over 10% CAGR through 2024
Lower cost of ownership, rising need for data
storage, growing small & medium-sized enterprises (SMEs)
and enterprise mobility to boost Vietnam cloud service market through 2024
According to TechSci Research
report, “Vietnam
Cloud Service Market By Service Type, By Type, By End Use Application, Competition,
Forecast & Opportunities, 2014-2024’’, Vietnam
cloud service market is projected to grow at a CAGR of over 10% during 2019-2024
on account of lower cost of ownership and surging adoption of cloud computing
services and rapid development of SMEs across Vietnam. Moreover, rising need
for data storage and instant implementation of cloud service across different
organizations is further strengthening the growth of Vietnam cloud service market. Additionally, enterprise
mobility coupled with network virtualization is anticipated to fuel growth in Vietnam
cloud service market during forecast period. FPT Corporation, Viettel-CHT Limited Company, CMC
Corporation, IBM Vietnam Company, etc., are some of the major companies
operating in Vietnam cloud service market.
Browse 31 market data Figures and Tables spread through 83 Pages
and an in-depth TOC on "
Vietnam Cloud Service Market"
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Northern
Vietnam led cloud service market in the country during 2014-2018 and is likely
to maintain its dominance during forecast period as well owing to the presence
of corporates/private organizations, government & defense base along with
the growing number of SMEs in the region. Among types of cloud service, public cloud is the major
segment in Vietnam cloud service market due to its lower costs. Moreover, the
segment is anticipated to grow at the fastest pace during forecast period, SMEs
are increasing at a significant rate in Vietnam.
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“Infrastructure-as-a-service dominates Vietnam
cloud service market as it reduces the cost associated with hardware like servers,
storage, networking, etc., and it enables multiple users to work a single piece
of hardware anywhere and anytime. However, software-as-a-service is expected to witness
the fastest growth during forecast period as it helps companies in lowering the
up-front cost associated with software. Software-as-a-service is
subscription-based and has no up-front license fees, thereby resulting in lower
initial costs.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Vietnam Cloud
Service Market By Service Type, By Type, By End Use Application, Competition, Forecast
& Opportunities, 2014-2024” has evaluated the future growth
potential of Vietnam cloud service market and provides statistics and information
on market size, structure and future market growth. The report offers decision
makers superior market intelligence, thereby enabling them conduct thorough
investment appraisal. Besides, the report also analyzes the evolving market inclinations along
with indispensable drivers, challenges and opportunities in Vietnam Cloud
Service Market.
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