Vietnam Data Center Market is Expected to Register a Steady CAGR During the Forecast Period, 2024-2028
Artificial intelligence (AI), the Internet of Things
(IoT), big data, and digital transformation, as well as rising internet
penetration, are expected to propel the Vietnam Data Center Market in the
forecast period 2024-2028.
According to
TechSci Research report,” Vietnam Data Center Market By Solution, By Type By
Region, Competition, Forecast & Opportunities, 2028F. Data protection is a worldwide concern,
and it is quickly becoming a priority for the Vietnamese government. The
necessity for data localization under the Cybersecurity Law, as well as the
need for faster processing speed to help Vietnamese consumers, are the primary
reasons that are expected to dramatically increase demand for data centers in
Vietnam. The Vietnamese government's preference for digitalization has
increased demand for data centers around the country, which is projected to act
as a driver for the expansion of the Vietnam Data Center market during the
forecast period.
Furthermore, the migration of
company data to cloud platforms is driving the Vietnam data Center Market. This
has resulted in a rise in the usage of data storage solutions, which is
projected to favorably affect market development. Furthermore, rising usage of
big data solutions, IoT, and cloud-based solutions, among other things, is
predicted to drive market expansion through 2028. Increased investment in data
center infrastructure and technological improvements are likely to generate
attractive prospects for market growth through 2028.
The Vietnam data center
market is divided into solution, type, end user industry, region and
competitive landscape. The market is divided into IT Infrastructure, General
Infrastructure, Mechanical
Infrastructure, and Other Infrastructure based on the solution. The IT
Infrastructure segment held the highest market share in 2022 due to rising
demand for digital infrastructure projects in industries such as
banking/fintech, telecommunications, energy, smart agriculture, and government.
Following the worldwide trend for cloud technology, there is increased interest
and demand for cloud services among Vietnamese businesses. IT technical
training and IT consulting, management, software/enterprise applications (ERP
and CRM systems, finance and accounting software), data centers and data
storage, and online services are all opportunities for service providers.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Vietnam Data Center Market”
Due to their close proximity
to end customers, Hanoi and Ho Chi Minh City in Vietnam are the chosen places
for data center development. The Data Localization Requirement under Vietnam's
Law on Cybersecurity, which requires both local and foreign companies
collecting, exploiting, analyzing, and processing personal data, data about
users, or data generated by users in Vietnam, is important to note for foreign
businesses conducting business in Vietnam. The key justifications for having a
data center in Vietnam are the demand for data localization as well as the need
for faster processing speed to help Vietnamese users. Government efforts and
projects were the primary drivers of the expansion in the Vietnamese data
center industry. To catch up with other nations in the data center business,
Vietnam must, however, undertake a number of reforms, most notably by creating
clear rules to oversee and advance this industry. to enhance the Vietnam Data
Center market.
Vietnam Data Center Market is divided on the basis of solution, type, end
user industry, region and competitive landscape. Based on Solution, the market
is further divided into IT infrastructure, general infrastructure, mechanical
infrastructure and other infrastructure. Based on type, the market is segmented
into corporate and web hosting. Based on end user industry, the market is
further segmented into IT & Telecom, BFSI, government, and healthcare.
Key market
players in the Vietnam Data Center Market include:
- FPT Corporation
- Viettel-CHT Ltd. Co
- Vietnam Posts and Telecommunications Group
- KDDI Corporation
- Hitachi Asia (Vietnam) Co. Ltd
- Hewlett Packard Enterprise
- SAP Vietnam Co. Ltd
- Microsoft Vietnam Limited Liability Company
- IBM Vietnam Company Ltd
- Universal Smart Data Center Technology
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“The introduction of 5G networks will strengthen the country’s 's
digital economy and increase demand for high-bandwidth networking infrastructure.
For instance, in November 2022, Amazon Web Services (AWS) announced the opening
of AWS outposts in Vietnam. Due to investments from colocation providers such
CMC Telecom, NTT Global Data Centers, HTC Telecom International, Edge Centers,
and Data Center First, among others, Vietnam has seen more than a 25% rise in
investments in 2022 compared to 2021. The
implementation of the cybersecurity-related data localization law, which
requires operators to build local data centers in Vietnam, has been a key
element in the growth of the Vietnamese data center market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Vietnam Data Center Market By Solution (IT Infrastructure, General
Infrastructure, Mechanical Infrastructure and Other Infrastructure), By Type (Corporate
and Web Hosting), By End User Industry (IT & Telecom, BFSI, Government and
Healthcare), By Region, Competition Forecast & Opportunities, 2028F,” has evaluated the
future growth potential of Vietnam Data Center Market and provides statistics
& information on market size, structure, and future market growth..
Furthermore, the study identifies and analyzes emerging trends, as well as key
drivers, challenges, and opportunities in the Vietnam Data Center Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com