Vietnam Data Center Market to Witness Steady Growth until 2025
Increasing adoption of cloud based
technologies is expected to drive the growth of Vietnam data center market
According to
TechSci Research report, “Vietnam
Data Center Market By Solution (IT Infrastructure, Electrical
Infrastructure, Mechanical Infrastructure, Cooling Technique, General
Infrastructure and Others), By Type (Corporate and Web Hosting), By End User Industry
(IT & Telecom, BFSI, Healthcare, Government and Others), By Region,
Forecast & Opportunities, 2025”, the Vietnam data center market
is expected to grow at a steady rate during the forecast period on account of
the growing demand for analytics servers in the country. Additionally, growing
IP traffic on account of the improving internet connectivity in the country is
further expected to propel the market growth through 2025. Furthermore, growing
use of social media has drastically increased the online content and data. This
is expected to positively influence the market growth over the next few years.
Also, growing adoption of smartphones and connected devices has led to digital
transformation in the country. This in turn is expected to fuel the market
growth during the forecast period. However, high cost of installation and
deployment of data centers might hamper the market growth through 2025. Also,
increasing construction and installation costs might further restrict the
market growth over the next few years. Additionally, increasing consumption of
power and energy might further impede the market growth until 2025. Besides,
the maintenance of data centers is quite difficult and cumbersome, thereby
slowing down the market growth during the forecast period.
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The Vietnam
data center market is segmented based on solution, type, end user, company and
region. Based on end user, the market can be fragmented into IT & telecom,
BFSI, healthcare, government and others. Out of these, the BFSI segment is
expected to dominate the market through 2025. This can be ascribed to the
enormous data being generated across this industry. Hence, the industry
requires data centers to regulate the operations and bring down the overall
operational costs. In BFSI sector data centers are usually used for storing
customer information & records, employee management, maintaining
transaction records, electronic banking services, among others, which require
data centers for effective functioning.
IBM
Vietnam Company Ltd., Microsoft Vietnam Limited Liability Company, Oracle
Vietnam Pte Ltd, Cisco Systems Vietnam Limited, SAP Vietnam Co. Ltd., Juniper
Networks Vietnam Limited Liability Company, Dell Technologies Vietnam, Hitachi
Asia (Vietnam) Co., Ltd., Hewlett Packard Enterprise, Amazon Web Services
Vietnam and others are some of the leading players operating in Vietnam data
center market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“The Vietnam data
center market is expected to witness significant growth in the market owing to
the improving IT infrastructure in the country. Additionally, implementation of
green and sustainable data centers is further expected to create lucrative
opportunities for the market growth through 2025. Furthermore, expansion of
major players operating in the market in the country is expected to propel the
market growth until 2025.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Vietnam Data Center Market By Solution (IT
Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Cooling
Technique, General Infrastructure and Others), By Type (Corporate and Web
Hosting), By End User Industry (IT & Telecom, BFSI, Healthcare, Government
and Others), By Region, Forecast & Opportunities, 2025,” has evaluated the future growth potential of Vietnam data
center market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Vietnam data center market.
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