Vietnam Data Center Market to grow at a CAGR of 14.64 % until 2026.
Increasing
demand for cloud computing services, commercialization of 5G and increasing investment
in the data center solutions are expected to drive the growth of Vietnam Data
Center Market.
According to
TechSci Research report, “Vietnam Data Center Market, By Solution (IT Infrastructure, General Infrastructure,
Electrical Infrastructure, Mechanical Infrastructure and Other Infrastructure),
By Type (Corporate and Web Hosting), By End User Industry (IT & Telecom, Government,
BFSI, Healthcare and Others), By Region, Competition Forecast &
Opportunities, 2016-2026”,
the Vietnam Data Center Market is forecast to grow at a rate of 14.64%
to reach USD2020.98 million by 2026. Growth in the market can be attributed to
the consistently increasing data storage needs in Vietnamese organizations. To
meet the endless demand for digital content, companies need to expand their
data centers’ infrastructure. Additionally, the cloud industry is witnessing
growth in Vietnam, due to large investments from global cloud computing service
providers such as Google, AWS, and Alibaba. The development of a large number
of data centers in the country aims to meet the inevitable rise of Artificial
Intelligence (AI), big data, IoT related technologies in Industry 4.0.
Moreover, the commercialization of 5G will further improve the development of
such technologies and therefore increase the demand for data centers in Vietnam.
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Data Center Market "
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The Vietnam Data Center Market is
segmented based on solution, type, end user industry, company and
region. Based on type, the market can be
segregated into Corporate and Web Hosting. Out of these, corporate segment
registered a dominant market share in 2020 owing to the growing demand for data
storage solutions among corporates.
Based on Solution offered, the market is
segmented into IT Infrastructure, General Infrastructure, Electrical
Infrastructure, Mechanical Infrastructure and Other Infrastructure. IT
Infrastructure dominated the Vietnam Data Center Market in 2020 due to the
increasing inclination for Information and Communications Technology (ICT)
development and application across the country. IT infrastructure provides
smart connections for air control, water, garbage, meteorology and energy
agencies. It also offers earthquake and tsunami warnings along with the data on
flooding, erosion, sewage management and food safety. IT Infrastructure manages
better performance as it assesses unique changing needs and makes strategic
changes as a response. IT infrastructure can ensure a positive experience for
employees in an organization. Experiencing consistent up time and
high-performing technology translates directly into an increase in productivity
and positive user-experience. Furthermore, active IT infrastructure management
guarantees that the systems are running at maximum performance levels for
longer than a system without proper management.
Based on End
User Industry, the market is segmented into IT
& Telecom, Government, BFSI, Healthcare and Others. IT & Telecom
dominates the end user segment due to the growing urban population with
escalating adoption of mobile phones that supports 3G, 4G and 5G services
across the country. Furthermore, Ho Chi Minh City is set to become the first
smart city in Vietnam that mainly focuses on cloud computing infrastructure,
big data, data warehouses & data centers & security-monitoring centers
and development of an open data ecosystem which is driving the Vietnam Data
Center Market.
Northern Vietnam region dominates the
Vietnam Data Center Market with a share of 46.15% in 2020 and is expected to
dominate the market in the forecast period. The largest Data Center market in
Vietnam is in Hanoi that has a connectivity ecosystem made up of 10 colocation
data centers, 52 cloud service providers and 10 network fabrics.
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 etc. are among the leading
players operating in the Vietnam Data Center Market. Companies operating in the
market are using organic strategies, partnerships and collaborations to boost
their shares in the Vietnam Data Center Market. Significant players in the market
are concentrating on accomplishing ideal operational expenses, upgrading the
system efficiency, enhancing precision in responses, boosting productivity with
high funding in R&D, and merging with small players to support the
competitive Vietnam Data Center Market.
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“Increasing demand
for data storage & management, adoption of cloud services by the government
and the commercialization of 5G services in the country are anticipated to
drive the Vietnam Data Center Market through 2026. Moreover, development of
technologies such as cloud computing, Internet of Things (IoT) and data
analytics services in the country are propelling the growth of the market in
the country. Furthermore, different policies like bring your own device, law on
cybersecurity and data localization will positively influence the Vietnam Data
Center Market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Vietnam
Data Center Market, By Solution (IT Infrastructure, General Infrastructure, Electrical
Infrastructure, Mechanical Infrastructure and Other Infrastructure), By Type
(Corporate and Web Hosting), By End User Industry (IT & Telecom, Government,
BFSI, Healthcare and Others), By Region, Competition Forecast &
Opportunities, 2016-2026” has evaluated the future
growth potential of Data Centers in the Vietnam Market and provides statistics
and information on market structure, size, share and future growth. The report
is intended 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 present in Vietnam Data Center Market.”
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