Vietnam cloud service market is projected to grow from $ 165 million in 2019 to $ 291 million by 2024, exhibiting a double digit CAGR of over 10% during 2019-2024. Growth in the market is led by surging adoption of cloud services such as Infrastructure-as-a-Service, Software-as-a-Services, etc., and growing number of small & medium-sized enterprises. Moreover, cloud is cost-efficient as users are not required to install any hardware or software. Additionally, enterprise mobility along with rising need for data storage is further anticipated to drive growth in Vietnam cloud service market in the coming years.

By service type, Infrastructure-as a service dominates Vietnam cloud service market as Infrastructure-as-a-service involves various solutions such as servers, storage, networking, virtualization, etc., which saves IT staff time as numerous users can work on a single piece of hardware anywhere and anytime. However, Software-as-a-Service is expected to grow at the fastest CAGR during forecast period as it helps companies in lower up-front cost, as it is subscription-based and has no up-front license fees resulting in lower initial costs. Among end use applications, corporates/private organizations account for the majority share in Vietnam cloud service market owing to the low costs of cloud services, as well as open and transparent costs policy, which is attracting corporates/private organizations towards cloud services.

Northern Vietnam is the leading region in Vietnam cloud service market owing to the presence of large corporate/private organizations, government & defense institutions coupled with the growing number of SMEs in the region.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To define, segment, describe and forecast Vietnam cloud service market on the basis of service type, type, end use application, region and company.
  • To analyze and forecast Vietnam cloud service market size.
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of segmenting Vietnam cloud service market into end use applications, namely, Corporates/Private Organizations, BFSI, Government & Defense, Retail, Healthcare, Academic & Education Institutions, and Others.
  • To identify the drivers and challenges for Vietnam cloud service market.
  • To analyze and forecast the market size for Vietnam cloud service market with respect to service type, type, end use application, region and company.
  • To strategically profile leading players in the market which are driving the innovation and technological advancements in Vietnam cloud service market.


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Key players in Vietnam cloud service market are FPT Corporation, Viettel-CHT Limited Company, CMC Corporation, IBM Vietnam Company, Microsoft Vietnam, Amazon Web Services Vietnam Company Limited, Mat Bao Corporation, NTC Cloud Computing Company Limited, SAP Asia (Vietnam) Co. Ltd., HPT Vietnam Corporation, Google LLC and Salesforce.com, inc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of cloud service providers in Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the cloud service or variants of major cloud service providers.

TechSci Research calculated the market size for Vietnam cloud service market using a bottom-up approach, wherein data for different components for standard application was recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and these were externally validated through analyzing historical data of Vietnam cloud service market to arrive at the overall market size. Various secondary sources such as secondary company websites, company annual reports, press releases, white papers, investor presentations and financial reports were also studied by TechSci Research.

 

Key Target Audience:

  • Vietnam cloud service providers and other stakeholders
  • Associations, organizations and alliances related to cloud service
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as cloud service providers, companies, customers and policy makers, about the targeted market segments in coming years in order to strategize investments and capitalize on the growth of market segment.

Report Scope:

In this report, Vietnam cloud service market has been segmented into the following categories in addition to the industry trends, which have also been detailed below:

  • Market, by Service Type:
    • Infrastructure-as-a-Service
    • Software-as-a-Service
    • Platform-as-a-Service
  • Market, by Type:
    • Public Cloud
    • Private Cloud
    • Hybrid Cloud
  • Market, by End Use Application:
    • Corporates/Private Organizations
    • BFSI
    • Government & Defense
    • Retail
    • Healthcare
    • Retail
    • Academic & Education Institutions
    • Others
  • Market, by Region:
    • Northern Vietnam
    • Southern Vietnam
    • Central Vietnam
  • Market, by Company:
    • FPT Corporation
    • Viettel-CHT Limited Company
    • CMC Corporation
    • IBM Vietnam Company
    • Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies providing cloud service providers.

Available Customizations:

With the given market data, TechSci Research offers customization according to a company’s specific needs. The following customization options are available for the report:

Customer Profiling

  • Detailed analysis and profiling of additional market players (up to five)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product of Interest (POI): Cloud Service – An Introduction & Classification

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer/Customer Insights

4.1.    Awareness of Cloud Services

4.2.    Usage & Applicability Analysis

4.3.    Key Benefits of Cloud Service

4.4.    Factors Influencing Vendor Selection Decision

4.5.    Challenges faced & Unmet needs

5.       Vietnam Cloud Service Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value

5.2.    Market Share & Forecast

5.2.1. By Service Type (Infrastructure as a Service, Software as a Service and Platform as a Service)

5.2.2. By Type (Public Cloud; Private Cloud; and Hybrid Cloud)

5.2.3. By End Use Application (Corporates/Private Organizations, BFSI, Government & Defense, Retail, Healthcare, Academic & Education Institutions and others)

5.2.4. By Region (Northern Vietnam, Southern Vietnam and Central Vietnam)

5.2.5. By Company

5.3.    Market Attractiveness Index (By Service, Type By Type, By End Use Application and Region)

6.       Vietnam Public Cloud Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value

6.2.    Market Share & Forecast

6.2.1. By Service Type (Infrastructure as a Service, Software as a Service and Platform as a Service)

6.2.2. By End Use Application (Corporates/Private Organizations, BFSI, Retail, Government & Defense, Healthcare, Academic & Education Institutions and Others)

7.       Vietnam Private Cloud Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value

7.2.    Market Share & Forecast

7.2.1. By Service, Type (Infrastructure as a Service, Software as a Service and Platform as a Service)

7.2.2. By End Use Application (Government & Defense, BFSI, Corporates/Private Organizations, Retail, Healthcare, Academic & Education Institutions and Others)

8.       Vietnam Hybrid Cloud Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value

8.2.    Market Share & Forecast

8.2.1. By Service Type (Infrastructure as a Service, Software as a Service and Platform as a Service)

9.       Market Dynamics

9.1.    Drivers

9.2.    Challenges

10.   Market Trends & Development

11.   Policy & Regulatory Landscape

12.   Vietnam Economic Profile

13.   Competitive Landscape

13.1.   Competition Outlook

13.2.   Company Profiles

13.2.1.    FPT Corporation

13.2.2.    Viettel-CHT Limited Company

13.2.3.    CMC Corporation

13.2.4.    IBM Vietnam Company

13.2.5.    Microsoft Vietnam

13.2.6.    Amazon Web Services Vietnam Company Limited

13.2.7.    Mat Bao Corporation

13.2.8.    NTC Cloud Computing Company Limited

13.2.9.    SAP Asia (Vietnam) Co. Ltd.

13.2.10.   HPT Vietnam Corporation

13.2.11.   Google LLC

13.2.12.   Salesforce.com, inc.

14. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

    Figure 1: Awareness of Cloud Service, By Service Type, 2018 (n=50)

    Figure 2: Major Applications of Cloud Service, 2018 (n=50) (5=Strongly agree; 4=Agree; 3=Neutral; 2=Disagree; 1= Strongly disagree)

    Figure 3: Key Benefits of Cloud Service, 2018 (n=50)

    Figure 4: Key Vendor Selection Parameter, 2018 (n=50)

    Figure 5: Major Challenges for Cloud Service Adoption, 2018 (n=50) (5=Strongly agree; 4=Agree; 3=Neutral; 2=Disagree; 1= Strongly disagree)

    Figure 6: Key Vendor Challenges, 2018 (n=50)

    Figure 7: Vietnam Cloud Service Market Size, By Value (USD Thousand), 2014-2024F

    Figure 8: Vietnam’s Demand in ICT Sector, By Value (USD Billion), 2017 & 2018F

    Figure 9: Vietnam’s Spending in IT Sector, By Value (USD Billion), 2017 & 2018F

    Figure 10: Vietnam Cloud Service Market Share, By Service Type, By Value, 2014–2024F

    Figure 11: Vietnam Cloud Service Market Share, By Type, By Value, 2014–2024F

    Figure 12: Cloud Infrastructure, By Country, Aggregated Scores Out of 30

    Figure 13: Vietnam Cloud Service Market Share, By End Use Application, By Value, 2014–2024F

    Figure 14: Vietnam Cloud Service Market Share, By Region, By Value, 2018 & 2024F

    Figure 15: Vietnam Cloud Service Market Share, By Region, By Value, 2018–2024F

    Figure 16: Vietnam Retail Sales Of Goods And Services, By Region, By Value (USD Billion), 2016

    Figure 17: Vietnam’s Healthcare Expenditure, By Value (USD Billion), 2017 & 2021F

    Figure 18: Vietnam Cloud Service Market Share, By Company, By Value, 2018

    Figure 19: Service Type Map on the basis of Market Size (USD Thousand) & Growth Rate (%), 2018

    Figure 20: Type Map on the basis of Market Size (USD Thousand) & Growth Rate (%), 2018

    Figure 21: End Use Application Map on the basis of Market Size (USD Thousand) & Growth Rate (%), 2018

    Figure 22: Region Map on the basis of Market Size (USD Thousand) & Growth Rate (%), 2018

    Figure 23: Vietnam Public Cloud Market Size, By Value (USD Thousand), 2014-2024F

    Figure 24: Vietnam Public Cloud Market Share, By Service Type, By Value, 2014–2024F

    Figure 25: Vietnam Public Cloud Market Share, By End Use Application, By Value, 2014–2024F

    Figure 26: Vietnam Private Cloud Market Size, By Value (USD Thousand), 2014-2024F

    Figure 27: Vietnam Private Cloud Market Share, By Service Type, By Value, 2014–2024F

    Figure 28: Vietnam Private Cloud Market Share, By End Use Application, By Value, 2014–2024F

    Figure 29: Vietnam Hybrid Cloud Market Size, By Value (USD Thousand), 2014-2024F

    Figure 30: Vietnam Hybrid Cloud Market Share, By Service Type, By Value, 2014–2024F

     

    List of Table

    Table 1: Cloud Readiness Index, 2018