Vietnam Cyber Security
market was valued at USD0.142 billion in 2020 and is projected to grow around
USD0.350 billion by 2026 owing to the proliferation of technologies such as cloud-based
systems, rising big data demand
and increasing usage of internet of things and social media. However,
growth in the industry was hampered in the year 2020, owing primarily to
lockdown in the country to prevent COVID-19 spread, that resulted in a halt in
economic activity, but the demand recovered after the second quarter.
Cybersecurity is the practice of protecting
critical systems and sensitive information from digital attacks. Cybersecurity
measures are designed to combat threats against networked systems and
applications, whether those threats originate from inside or outside of an
organization. It is basically the practice of defending computers, servers,
mobile devices, electronic systems, networks, and data from malicious attacks.
It's also known as information technology security or electronic information
security.
Increased
Demand for Bring Your Own Device Policy to Drive the Market Growth
Bring your own device (BYOD) is an IT policy that
allows and encourages employees to use their personal devices, such as
smartphones and tablets, within the workplace. This enables employees to access
privileged company information and applications, necessitating accurate and
real-time data synchronization, driving the need and demand for mobile
middleware deployment in mobile device applications. With the growing adoption
of BYOD by organizations and enterprises for increased productivity and
innovation, cost savings, increased mobility, and employee satisfaction, there
has been an increase in the risk of cybercriminals gaining access to
intellectual property through mobile devices. Furthermore, using personal
devices on an organization's network makes it simple for cybercriminals to gain
access to the company's network and data center, posing high vulnerability
issues to the organization. These cybercriminals include hackers, competitors
attempting to steal proprietary data from companies, disgruntled employees,
international hackers targeting federal and government agencies, etc. With the
growth of the BYOD market, concerns about mobile device security, data breach
security, mobile data security, and mobile application security are expected to
rise, driving investment in the Vietnam Cybersecurity Market in the coming
years.
Increased
Use of Cloud-based Systems to Boost the Growth
The
expansion of the IT sector in Vietnam has enticed many foreign cloud service
giants, including Google, Amazon Web Services (AWS), and Alibaba, to enter and
expand in the market. The public sector is transitioning to cloud-based
business models, and the COVID-19 pandemic has accelerated that transition,
increasing the need for data security. The rising popularity of cloud computing
services, owing to their low cost, high performance, and ease of use is fueling
the growth of the Vietnam Cybersecurity Market.
Use
of Big Data Analytics to Positively Influence the Growth
Over
the last few years, there has been an increase in the number of cyber-attacks
across Vietnam, which has compromised people's personal data and resulted in
the loss of financial and proprietary information. Given the number of
cyber-attacks and data breaches that occur worldwide, there is a significant
demand for Security Information and Event Management (SIEM) technologies and
services. SIEM collects real-time security events from various events and data
sources to detect threats and generate security incident responses. Previously,
large organizations concentrated on threat prevention processes. Based on
previous patterns, the organizations were able to detect a cyber-attack.
However, continuous innovation in cyberspace highlights the importance of
studying and analyzing cyber-attack trends to assist governments and
organizations in developing appropriate cyber defenses. As a result, big data
is expected to play a pivotal role in the cyber security market, with a
significant impact on various cyber security solutions such as network
monitoring, fraud detection, identity, and access management, and so on. With
the increased adoption of big data cyber analytics by enterprises, the Vietnam
Cybersecurity Market is expected to grow in the coming years.

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Market
Segmentation
The
Vietnam Cyber Security market can be segmented based on Security Type, Solution
Type, Deployment Mode, End-User Industry, region, company. Based on Security
Type, the market can be segmented into Network Security, Application Security, Cloud
Security, Endpoint Security, Content Security, Others. In terms of Solution
Type, the market is segmented into Firewall, Antivirus and Anti-Malware, Risk
and Compliance Management, Identity and Access Management, Unified Threat
Management, Data Loss Prevention, Encryption and Decryption, Intrusion
Detection/Prevention System, Infrastructure Security, Others. Based on the
Deployment Mode, the market is segmented into Cloud, On-premise. Based on End-User
Industry, the market is segmented into BFSI, IT & Telecom, Retail,
Government and Defense, Healthcare, Education Technology, Others. The market analysis also studies the regional segmentation to devise
regional market segmentation, divided among Northern Vietnam, Southern Vietnam
and Central Vietnam.
Company Profiles
Viettel Cyber Security
Company, FPT Corporation, CMC Corporation, IBM Vietnam Company Ltd., HPT
Vietnam Corporation, Microsoft Vietnam Limited Liability Company, Amazon Web
Services Vietnam Company Limited, SAP (Asia) Vietnam Co. Ltd., Vietnam Posts
and Telecommunications Group, etc. are the major players operating in the Vietnam
Cyber Security market.
Attribute
|
Details
|
Market Size Value in 2020
|
USD142 Million
|
Revenue Forecast in 2026
|
USD350 Million
|
Growth Rate
|
16.52%
|
Base Year
|
2020
|
Historical Years
|
2016 – 2019
|
Estimated Year
|
2021
|
Forecast Period
|
2022 – 2026
|
Quantitative Units
|
Revenue in USD Million, Volume in Units, and CAGR for
2016-2020 and 2021-2026
|
Report Coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
Segments Covered
|
·
Security Type
·
Solution Type
·
Deployment Mode
·
End-User Industry
|
Regional Scope
|
Northern Vietnam; Southern Vietnam; Central Vietnam
|
Key Companies Profiled
|
Viettel Cyber Security Company, FPT Corporation,
CMC Corporation, IBM Vietnam Company Ltd., HPT Vietnam Corporation, Microsoft
Vietnam Limited Liability Company, Amazon Web Services Vietnam Company
Limited, SAP Asia (Vietnam) Co. Ltd., Vietnam Posts and Telecommunications
Group, Salesforce.com Inc., Cisco Systems Vietnam Ltd, CrowdStrike Holdings,
FireEye, Inc., McAfee LLC, Accenture, Inc.
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request)
|
Report Scope:
In this report, the Vietnam Cyber Security market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Vietnam Cyber Security Market, By Security Type:
- Network Security
- Application Security
- Cloud Security
- Endpoint Security
- Content Security
- Others
·
Vietnam Cyber Security Market, By Solution
Type:
- Firewall
- Antivirus and Anti-Malware
- Risk and Compliance Management
- Identity and Access Management
- Unified Threat Management
- Data Loss Prevention
- Encryption and Decryption
- Intrusion Detection/Prevention System
- Infrastructure Security
- Others
- Vietnam Cyber Security Market, By Deployment Mode:
- Vietnam Cyber Security Market, By End-User
Industry:
- BFSI
- IT
& Telecom
- Retail
- Government
and Defense
- Healthcare
- Education
Technology
- Others
- Vietnam Cyber Security Market, By Region:
- Northern Vietnam
- Southern Vietnam
- Central Vietnam
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in the Vietnam Cyber Security market.
Available
Customizations:
With the given Market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
In case you
do not find what, you are looking for, please get in touch with our custom
research team at sales@techsciresearch.com
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com