DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Vietnam Data Center Market, By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure and Other Infrastructure), By Type, By End User Industry, By Region, Competition Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Vietnamese Data Center Market stood at USD 858.00 million in 2020 and is forecast to grow at a CAGR of over 14.64% until 2026.
The Growth in the Vietnamese 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, the Vietnamese 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.
The Vietnamese 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 Vietnamese 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
Vietnam Data Center Market, By Solution:
Vietnam Data Center Market, By Type:
Vietnam Data Center Market, By End-User Industry:
IT & Telecom
Vietnam Data Center Market, By Region:
Company Profiles: Detailed analysis of the major companies present in the Vietnamese Data Center Market.
Viettel-CHT Ltd Co
Vietnam Posts and Telecommunications Group
Hitachi Asia (Vietnam) Co Ltd
Hewlett Packard Enterprise
SAP Vietnam Co Ltd
IBM Vietnam Company Ltd
Microsoft Vietnam Limited Liability Company
Amazon Web Services Vietnam
For more information about this report visit https://www.researchandmarkets.com/r/8acgf9
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005684/en/
Laura Wood, Senior Press Manager
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