Vietnam Cloud Computing Market to grow due to the Rising IoT Devices
Increasing digital transformation in industries, rising
penetration of the internet and mobile devices is driving the Vietnam cloud
computing market.
According to
TechSci Research report, “Vietnam Cloud Computing Market – By Region,
Competition Forecast & Opportunities, 2018-2028”, Vietnam Cloud Computing
Market is expected to register robust growth during the forecast period, 2024-2028. The Vietnam Cloud computing
market is driving on account of the increasing technological transformation
across the country with the introduction of distance learning platforms, remote
medical examination and treatment, remote working, video conferencing, remote
accounting services, network safety, and security platform, and cloud computing
infrastructure. Although Vietnam has made remarkable progress in Information
& Communication Technologies (ICT) infrastructure development and ICT
usage, the country still needs to catch up in digital transformation. It faces
many challenges in promoting the adoption of cloud computing across
organizations and sectors. Thus, the government launched the “Make in Vietnam”
program, which is anticipated to act as a catalyst in the growth of the Vietnam
Cloud Computing Market.
With Vietnam carving out a
solid position on the world technology map and with the strong development of
digital infrastructure, the country’s cloud computing market is considered one
of the fastest growing in ASEAN and the world due to accelerated digital
transformation being. The Vietnamese market comprises more than 40 enterprises
providing cloud computing services including global providers such as Amazon
Web Service (AWS). Moreover, the participation of leading Vietnamese technology
corporations, such as FPT, VNPT, Viettel, and CMC, enhances the country’s
vibrancy.
With the use of cloud
computing services continuing to grow and Vietnamese enterprises moving to such
services, the market is expected to proliferate in the upcoming years. Along
with all the technological advancements, internet data in Vietnam has increased
dozens of times over the past decade. The explosion of Industry 4.0 and ongoing
strategies, thegoals from the government regarding digital transformation are
key factors shaping trends and promoting the development of cloud computing in
the country. Vietnam is striving to master technologies for the cloud computing
market and diversifying types of applications.
In the digital economy
development strategy, Vietnam targets 100% of government agencies to use cloud
computing by 2025 and 70% of Vietnam's businesses to use cloud computing
services offered by local Vietnamese providers. Presently, Vietnamese
businesses account for only 20% of the market share for the cloud computing
market, while 80% belong to foreign companies. Viettel Cloud can address the issue
through an exhaustive suite of cloud computing services with improved
cybersecurity.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Vietnam Cloud Computing Market."
Based on Service, the market
is divided into Software as a Service (SaaS), Infrastructure as a Service
(IaaS), and Platform as a Service (PaaS). Based on Deployment, the market is
segmented into Public, Private, and Hybrid. In terms of Organization Type, the
market is segmented into Government, Small, Medium, and Large Enterprises.
Based on End-User, the market is fragmented into IT & Telecom, BFSI, Retail
& Consumer Goods, Healthcare, and Others. Based on the region the market is
fragmented into Northern Vietnam, Southern Vietnam, and Central Vietnam. The
market is also segmented into the top 10 provinces that includes Ho Chi Minh
City, Hanoi, Bac Ninh, Thai Nguyen, Da Nang, Quang Ninh, and among others.
Service providers are
spending a lot of money on evaluation and analysis of the cloud computing
technologies to improve the service offerings and services for the cloud-based
computing services across the country. Operational effectiveness, technological
advancements, and performance optimization are all products of R&D
activities. One of the main factors driving the expansion of the market for Cloud
Computing is the rise in demand for the IoT devices across Vietnam.
Key market players in the Cloud
Computing market include:
- 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.
On March 31, 2021, KT
Corporation, which is originally a Korean telecommunications company, announced
that it would enter Vietnam's B2B cloud computing market. Based on the company's
achievements in the cloud business in South Korea, KT signed an MoU with FPT
Smart Cloud, an affiliate of FPT Group, a leader in Vietnam's ICT scene. KT is
planning to carry out a project on hybrid cloud computing services optimized
for industrial characteristics, such as G-Cloud and F-Cloud can be offered in
Vietnam.
In 2021, Mat Bao Corporation,
a Vietnamese technology company, also launched its new cloud server cluster
located at the Vietnam Posts and Telecommunications Group (VNPT) data center. As planned, the server
cluster is used for storing information with high security and stability to
ensure efficient data security for enterprises.
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“Ongoing advancements in
cloud with multi-cloud approaches that will lead to a breakdown of barriers
between providers are boosting the Vietnam Cloud Computing Market in the
forecast years. The extensive need for the security and storage of the data for
gaming delivered from the cloud, like music and movies is a boosting factor for
the market across Vietnam. Moreover, supportive government policies for cloud
computing services all over the globe with emerging technologies has also been
positively influencing the market with a continuous urge for launching new
service plans in the upcoming years.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Vietnam management consulting firm.
“Vietnam Cloud Computing Market Segmented 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, Opportunity, and Forecast, 2018-2028F”, has
evaluated the future growth potential of Cloud Computing and provides statistics and information on market structure,
size, share, and future growth. The report intends to provide cutting-Cloud
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in the Vietnam Cloud Computing Market.
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