Vietnam Data Center Market
stood at USD858.00 million in 2020 and is forecast to grow at a CAGR of over 14.64%
until 2026. Growth in the Vietnam Data Center Market is driven by government projects
& initiatives in the country. Data protection is a matter of global concern
and is becoming an important issue on the agenda of Vietnam government as well.
The data localization requirement under the Cybersecurity Law, plus the need for
better processing speed to assist Vietnamese users are the main drivers, which
are anticipated to significantly enhance the demand for data centers in Vietnam.
Vietnamese government's inclination toward digitalization has further bolstered
the demand for data centers across the country.
Furthermore, Vietnam data
center market is driven by the shifting of enterprises data to cloud platforms.
This has led to an increase in adoption of data storage solutions, which in
turn is expected to positively influence the growth of the market.
Additionally, growing adoption of big data solutions, IoT and cloud based
solutions among others, is expected to propel the market growth through 2026. Increased
investment in building effective data center infrastructure and technological
advancements are expected to create lucrative opportunities for the market
growth until 2026
Vietnam data center market
is segmented based on solution, type, end user industry and region. Based on
solution, the market can be segmented into IT Infrastructure, General
Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Other
Infrastructure. The IT Infrastructure dominated the market in 2020 with a share
of 65.62% on account of increased demand for digital infrastructure projects in
sectors including banking/financial services (fintech), telecommunications,
energy, smart agriculture and government. Following the global trend for cloud
technology there is growing interest and demand from Vietnamese companies for
cloud services. Opportunities for service providers within IT services include
IT technical training and IT consulting, management, software/enterprise
applications (ERP and CRM system, finance and accounting software), data centers
and data storage as well as web services.
Based on type, the market
can be bifurcated into corporate and web hosting. Here, the corporate segment
dominated the market in 2020 with share of 61.56% and is expected to continue
dominance throughout the forecast period owing to the growing demand for data
storage solutions among corporates. Furthermore, increase in the volumes of
data being generated every day across enterprises is further expected to drive
the segmental growth.
On the basis of End User Industry, the market can be
bifurcated into IT & Telecom, Government, BFSI, Healthcare and Others. Vietnam
was rated as one of 10 emerging markets in Global Data Center Market, with
impressive growth, international standard service delivery capacity, and large
capacity of organizations and enterprises.
Some of the major 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., IBM Vietnam Company Ltd., Microsoft
Vietnam Limited Liability Company and Amazon Web Services Vietnam. The
companies are developing advanced technologies and launching new products &
services to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new product & service developments.
Years considered for this report:
Historical Years: 2016-2019
Base
Year: 2020
Estimated
Year: 2021
Forecast
Period: 2022-2026
Objective
of the Study:
- To analyze the
historical growth in the market size of Vietnam Data Center Market from
2016 to 2020.
- To estimate and
forecast the market size of the Vietnam Data Center Market from 2021 to
2026 and growth rate until 2026.
- To classify and
forecast Vietnam Data Center Market based on solution, type and end user industry.
- To identify the
dominant region or segment in the Vietnam Data Center Market.
- To identify drivers
and challenges for Vietnam Data Center Market.
- To identify and
analyze the profile of leading players operating in the Vietnam Data
Center Market.
- To identify key
sustainable strategies adopted by market players in the Vietnam Data
Center Market.
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TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of service providers across the
country. Subsequently, TechSci Research conducted primary research surveys with
the identified companies. While interviewing, the respondents were also
enquired about their competitors. Through this technique, TechSci Research was
able to include the service providers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the service
providers, distribution channels and presence of all major players across the
country.
TechSci
Research calculated the market size of Vietnam Data
Center Market using a bottom-up approach, wherein data for
various end-user segments was recorded and forecast for the future years.
TechSci Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of these service types and applications
for getting an appropriate, overall market size. Various secondary sources such
as company websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Data center service providers and other stakeholders
- Maintenance
and deployment companies
·
Organizations, forums and alliances related to data
centers
·
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 the industry stakeholders such as service providers,
end users, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In
this report, the Vietnam Data Center Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- Vietnam Data Center Market, By Solution:
- IT Infrastructure
- General Infrastructure
- Electrical Infrastructure
- Mechanical Infrastructure
- Other Infrastructure
- Vietnam Data Center Market, By Type:
- Vietnam Data Center Market, By End
User Industry:
- IT &
Telecom
- Government
- BFSI
- Healthcare
- Others
- Vietnam Data Center Market, By Region:
- Northern Vietnam
- Southern Vietnam
- Central Vietnam
Competitive Landscape:
Company
Profiles: Detailed analysis of the major companies
present in the Vietnam Data Center 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).