|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
|
USD 0.78 Billion
|
|
Largest Market
|
Central Vietnam
|
|
CAGR (2023-2028)
|
17.29%
|
|
Fastest Growing Segment
|
Healthcare
|
Vietnam
Cloud Based Infrastructure as a Service Market was valued at USD 0.78 Billion
in 2022 and is anticipated to grow with a CAGR of 17.29% through 2028. Vietnam cloud based infrastructure as a service market is anticipated to grow at a high CAGR
during the forecast period. Cloud-based infrastructure as a service is a cloud
computing model that allows organizations to outsource resources, including
hardware, software, and computing power, via the internet instead of investing
in their own physical infrastructure. With cloud-based IaaS, organizations can
access the underlying infrastructure needed to power their applications without
owning and managing them directly. This provides businesses of all sizes with
access to powerful technology by taking advantage of the economies of scale
enabled by IaaS. Additionally, IaaS eliminates the cost and complexity of
managing their own infrastructure, allowing organizations to focus on their
core business operations.
Vietnam is witnessing a rapid adoption of cloud technology, and the cloud
based infrastructure as a service market in Vietnam is one of the world's fastest
growing markets. With IaaS, companies can outsource the physical storage and
computing power for their applications, access standardized technology
components, and benefit from advanced scalability and automation capabilities.
This allows companies to quickly deploy new applications and services without
the cost of hardware and software, thereby increasing their operational
efficiency and accelerating innovation without capital expenditure.
In addition to reducing latency and increasing performance, IaaS offers
business cost savings advances, making it a popular choice for companies
looking to adopt cloud technology. Currently, most of Vietnamese companies
adopt IaaS, the market is expected to grow exponentially. With cloud,
technology provides more efficient and cost-effective solutions.
Increasing Demand for Cost-Effective Solutions
The Vietnam cloud based infrastructure as a service market is driven by
the rising demand for cost-effective solutions. This demand is shaped by
several factors that are significant to the market landscape in Vietnam. For
businesses in Vietnam, cost-effectiveness is a crucial consideration. Budget
constraints and limited resources make it challenging for organizations,
particularly startups, small and medium-sized enterprises (SMEs), and even
larger enterprises, to invest in traditional on-premises infrastructure.
However, the pay-as-you-go model of IaaS allows businesses to pay only for the
resources they consume, reducing upfront capital expenditure and enabling
organizations to allocate their funds more efficiently.
Moreover, the scalability and flexibility of IaaS contribute to its
cost-effectiveness. The ability to scale infrastructure up or down based on
current needs reduces wastage and leads to optimal resource utilization and
cost savings. With on-demand availability of computer, storage, and networking
resources, businesses can respond quickly to fluctuating workloads and seasonal
demands without incurring unnecessary costs.
IaaS also eliminates the need for businesses to manage and maintain
their own hardware and software infrastructure, which significantly reduces
operational costs associated with infrastructure maintenance, system
administration, and IT staff requirements. This allows businesses to focus on their
resources and expertise on core competencies, innovation, and value-added
activities.
Rising Adoption of Cloud Computing
Cloud computing has become increasingly popular in Vietnam, with the
country following the trend of rising cloud usage globally. The benefits of
cloud computing, such as cost reduction, scalability, flexibility, and improved
collaboration, have contributed to the growth of the Vietnam cloud based
infrastructure as a service market, and this trend is expected to continue in
the coming years.
For starters, increasing efforts to digitize various sectors are one of
the major drivers promoting cloud computing utilization in Vietnam. Companies
and organizations in Vietnam are utilizing cloud-based solutions to modernize
their business practices by streamlining processes, increasing efficiency, and
lowering infrastructure costs. Government programs such as Digital Vietnam and
Smart Cities support the use of cloud-based infrastructure in industries such
as e-governance, healthcare, education, and finance.
The increased demand for data processing and storage capacity is a
crucial factor. To store, handle, and analyze the enormous volume of digital
data produced by organizations, consumers, and the Internet of Things (IoT), a
strong and scalable infrastructure is necessary. Businesses can offload their
data management requirements to cloud IaaS providers, who provide the necessary
infrastructure, such as servers, storage, and networking resources, allowing
them to focus on their core competencies.
Furthermore, cloud computing has gain popularity in Vietnam as the
country's smartphone and internet penetration rates have increased. The
availability of low-cost smartphones and data plans has resulted in a huge
growth in the number of internet users and users of digital services. Cloud computing
allows these users to access programs, data, and services from anywhere, at any
time, without the need for a major local infrastructure.
In addition, the COVID-19 outbreak has accelerated Vietnam's utilization
of cloud services. When businesses transitioned to remote work and online
operations, the cloud emerged as a major facilitator, providing the necessary
infrastructure and technologies for collaboration, communication, and remote
access to resources. This experience has proved cloud computing's adaptability
and endurance, which will increase its use in the post-pandemic period.
In conclusion, factors such as digitalization aspirations, data storage
requirements, smartphone penetration, and the repercussions of the COVID-19
pandemic are driving the use of cloud computing in Vietnam. These factors have
contributed to the growth of the Vietnam cloud based infrastructure as a
service market, which is expected to continue during the forecast period. As
businesses and organizations in Vietnam learn about the benefits of cloud
computing, the need for cloud infrastructure services is expected to increase, which,
in turn, will boost the country's creativity and economic growth during the
forecast period.
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Government Initiatives and Digital Transformation
The Vietnam cloud based infrastructure as a service market is being
driven by an increasing demand for cost-effective solutions. There are several
factors that contribute to this demand and shape the market landscape in
Vietnam.
To begin with, cost-effectiveness is a crucial consideration for
businesses in Vietnam, especially for startups, small and medium-sized
enterprises (SMBs), and even larger enterprises who are facing budget
constraints and limited resources. Traditional on-premises infrastructure
requires substantial upfront investments in hardware, software licenses,
maintenance, and skilled personnel. In contrast, IaaS offers a pay-as-you-go
model, allowing businesses to pay only for the resources they consume. This eliminates
the need for upfront capital expenditure, reducing financial barriers and
enabling organizations to allocate their funds more efficiently. The
scalability and flexibility of IaaS contribute to its cost-effectiveness.
Businesses can easily scale their infrastructure up or down based on their
current needs, paying only for the resources they require at any given time.
This eliminates the need to overprovision infrastructure and reduces wastage,
leading to optimal resource utilization and cost savings. IaaS providers offer
on-demand availability of computer, storage, and networking resources, enabling
businesses to respond quickly to fluctuating workloads and seasonal demands
without incurring unnecessary costs. Moreover, IaaS eliminates the need for
upfront capital expenditure, reducing financial barriers and enabling
organizations to allocate their funds more efficiently. The responsibility for
infrastructure management, including hardware provisioning, software updates,
security patches, and backups, is shifted to the IaaS provider. This
significantly reduces operational costs associated with infrastructure
maintenance, system administration, and IT staff requirements. Businesses can
focus their resources and expertise on core competencies, innovation, and
value-added activities rather than infrastructure management.
Moreover, IaaS empowers businesses to utilize advanced technologies and
services without incurring additional expenses. IaaS vendors typically offer a
diverse range of value-added services, such as database management systems,
artificial intelligence/machine learning tools, analytics platforms, and
security services. By accessing these services through the IaaS platform,
businesses can leverage cutting-edge technologies without investing in
specialized hardware or software licenses, thereby making it a highly
cost-effective option. In summary, the escalating demand for cost-effective
solutions is a significant driving factor for the Vietnam cloud based
infrastructure as a service market. The pay-as-you-go model, scalability,
flexibility, reduced infrastructure management overheads, and access to
advanced services contribute to the cost-effectiveness of IaaS. As companies in
Vietnam strive to optimize their IT infrastructure expenses and achieve better
cost-efficiency, the adoption of IaaS is expected to continue its upward trend
in the coming years.
Recent Developments
· In May 2023, Amazon Web Services (AWS) announced its
plans to invest a whopping sum of 1,05,600 crores (USD 12.7 billion) in cloud-based
infrastructure in Vietnam by 2030. This investment is aimed at meeting the
ever-growing customer needs in the country. The investment will be used to
build data center infrastructure and is expected to create around 130,000
full-time job opportunities for Vietnam businesses in diverse roles such as
construction and engineering, and telecom. Apart from contributing toward
building the much-needed infrastructure, AWS would also focus on providing
cloud skills training to citizens as well as contributing toward renewable
energy projects. After assessing a report from 451 Research in 2021, Amazon
concluded that organizations in the Asia-Pacific region have the potential to
reduce their carbon footprint by more than 78% if they shifted from on-premises
data centers to the cloud.
Market Segmentation
The Vietnam cloud based infrastructure as a service
market is segmented into type, solution, organization type, end user industry,
and region. Based on type, the market is segmented into public and private.
Based on solution, the market is divided into network as a service, disaster
recovery as a service and managed hosting services, distributed control system
(DCS), and human machine interface (HMI). Based on organization type, the
market is segmented into small & medium business and large enterprises. Based
on end-user industry, the market is segmented into IT & telecom, BFSI, healthcare,
government, education, defense, and others. The market analysis also studies
the regional segmentation to devise regional market segmentation, divided among
Central Vietnam, North Vietnam, and South Vietnam.
Market Players
Major market players in the Vietnam cloud based infrastructure as a service market
are Amazon Data Services Vietnam Pvt Ltd, Apollo
Global Management Vietnam Pvt Ltd, MTS SYSTEMS CORPORATION, Netmagic Solutions
Pvt Ltd, Hewlett Packard Enterprise Pvt Ltd, Cisco Systems Vietnam Pvt Ltd,
Dell Vietnam Pvt Ltd, IBM Vietnam Pvt Ltd, Microsoft Vietnam Corporation Pvt
Ltd, NTT Communications Pvt Ltd, and VMWare Software Pvt Ltd. To achieve good
market growth, businesses that are active in the market employ organic tactics
such as product launches, mergers, and partnerships.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated
Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD
Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue forecast, company share, growth factors, and trends
|
|
Segments
covered
|
By Type
By Solution
By Organization
Type
By End-User
Industry
By Region
|
|
Regional scope
|
Central Vietnam, North Vietnam, South Vietnam
|
|
Key
companies profiled
|
Amazon Data Services Vietnam Pvt Ltd, Apollo Global
Management Vietnam Pvt Ltd, Netmagic Solutions Pvt Ltd, Hewlett Packard
Enterprise Pvt Ltd, Cisco Systems Vietnam Pvt Ltd, Dell Vietnam Pvt Ltd, IBM Vietnam
Pvt Ltd, Microsoft Vietnam Corporation Pvt Ltd, NTT Communications Pvt Ltd,
VMWare Software Pvt Ltd.
|
|
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/Word format on special request)
|
Report Scope:
In this report, Vietnam Cloud Based Infrastructure as a Service Market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
·
Vietnam Cloud Based Infrastructure as
a Service Market, By Type
o
Public
o
Private
·
Vietnam Cloud Based Infrastructure as
a Service Market, By Solution
o
Network as a Service
o
Disaster Recovery as a Service
o
Managed Hosting Services
·
Vietnam Cloud Based Infrastructure as
a Service Market, By Organization Type
o
Small & Medium Business
o
Large Enterprises
·
Vietnam Cloud Based Infrastructure as
a Service Market, By End-User Industry
o
IT & Telecom
o
BFSI
o
Healthcare
o
Government
o
Education
o
Defense
o
Others
·
Vietnam Cloud Based Infrastructure as
a Service Market, By Region:
o
Central Vietnam
o
North Vietnam
o
South Vietnam
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in the Vietnam cloud based infrastructure as a service market
Available Customizations:
Vietnam cloud based infrastructure as a service market with the given market data, Tech Sci
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).
Vietnam cloud based infrastructure as a service market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]