Press Release

Vietnam Cloud Services Market to be Driven by the Growing Adoption of Vertical Cloud Services by 2028

Accelerating digital transformation across the country is driving the Vietnam Cloud Services market in the forecast period 2024- 2028.

According to TechSci Research report,
“Vietnam Cloud Services Market - By Region, Competition, Forecast & Opportunities, 2028F”, the Vietnam Cloud Services Market is expected to register robust growth during the forecast period 2024-2028. The Vietnam Cloud Services Market is rising through the forecast period, owing to numerous government funding and incentives for the emergence of Cloud Services by constructing legal regulatory frameworks. It is due to the emergence of cloud-based technological consortiums.

The cloud service is an online platform that offers a variety of services that are made available to businesses and clients on demand. Cloud computing vendors and service providers are totally in charge of managing cloud services. The need for an organization to host the applications on its own internal servers has been eliminated because customers can access them from the providers' servers. These services were developed to provide easy access to information and programs without requiring a user's own hardware or infrastructure.  It is projected that widespread adoption of cloud computing in industries such as private businesses, government, retail, healthcare, and education will fuel the expansion of the Vietnam Cloud Service Market.

Large and medium-sized businesses have been forced to embrace a culture of remote or home-based working because of the pandemic. As a result, there are now more devices connected to the organization's internal network, increasing the volume of traffic that the software network of the business can handle. To serve the increased number of employees working remotely with multiple devices, businesses are gradually implementing cloud services and hybrid cloud services. Additionally, a lot of IT firms in the nation are transforming into virtual businesses so that their employees can work entirely from home. This is expected to increase demand for cloud services in Vietnam Market.

Given that edge, computing is a hybrid approach to cloud computing, it has become one of the most significant drivers in the industry. It extends from the center of the enterprise computing system to the edge of telco and other service provider networks, and from there to user sites and sensor networks. Given that consistent platforms and management are required for edge architectures to operate effectively, edge contrasts dramatically with multi-cloud silos. During the projected period, chances for the growth of the Vietnam cloud service market are anticipated because of these factors.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "
Vietnam Cloud Services Market

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. Also, the markets analysis studies the regional segmentation to devise market segmentation, divided amongst Northern Vietnam, Southern Vietnam, and Central Vietnam.

By type, hybrid cloud has the fastest rate of growth in the Vietnam cloud service market by 2022. This is due to medium and large businesses' growing propensity to use hybrid clouds to store data throughout the country.
The cloud is a more effective storage option, offering a special platform for data generation and cutting-edge ways to utilize the data of every user or company. Organizations can adapt their business models and processes in pursuit of their core strengths and business objectives without sacrificing agility because of the deployment of hybrid clouds.

Key market players in the Vietnam Cloud Services Market

  • Amazon Web Services, Inc.
  • Cisco Systems, Inc.
  • Infor Inc.
  • International Business Machines Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Salesforce.Com Inc
  • SAP SE
  • SolutionDots Systems Ltd.
  • VMware, Inc.

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As the market is yet to mature, there is ample opportunities for investors in the Vietnam Cloud Services Market. The region's rapid urbanization and digital transformation are expected to make Northern Vietnam the largest region in the Vietnam Cloud Service Market in 2022. There are many corporates/private organizations, government and defense institutions in the region. Moreover, the growing number of SMEs in the region is anticipated to support the growth of Cloud Service Market in the region. The proportion of FDI (Foreign Direct Investment) pouring into the region has increased over the last decade. Apart from Hanoi, cities like Hai Phong, Bac Ninh, Hung Yen and Quang Ninh have become focal point of investment for the government and enterprises.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Vietnam Cloud Services Market By Service Type (Infrastructure as a Service, Software as a Service and Platform as a Service), By Type (Public Cloud, Private Cloud, and 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 & Government, Others), By Region, Competition Forecast & Opportunities, 2028
F has assessed the Vietnam Cloud Services market's future development potential and provides data and information on market size, structure, and projected market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the Vietnam Cloud Services market.


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