Vietnam Cloud Service Market Size Set to Record 25% CAGR by 2028

By Ashwin Naphade  | Date: November 01, 2022

Vietnam Cloud Service Market Size Set to Record 25% CAGR by 2028

Report on Vietnam Cloud Service Market explores the essential factors of industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

Vietnam cloud service market is estimated to record a decent growth rate of 25% during 2022-2028, and eventually amass a sizable valuation by the end of the analysis timeframe.

Burgeoning penetration of digitalization across the country and growing prevalence of domestic & international enterprises offering a broad range of services are the crucial factors fueling the augmentation of Vietnam cloud service market remuneration during 2022-2028.

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Further, significant efforts undertaken by the government and public organizations in building a robust IT infrastructure within the country and in encouraging masses across sectors to integrate cloud service platforms in their routine tasks have improved the scope of revenue generation for the market in recent times.

Moving on to segmentation, the business sphere is fragmented in terms of service, type, organization, and end-use sector.

Based on service type, the industry is further divided in terms of software-as-a-service (SaaS), platform-as-a-service (PaaS), and infrastructure-as-a-service (IaaS). Speaking of type, the marketplace is bifurcated into hybrid cloud, private cloud, and public cloud. Considering organization type, the business sphere is segmented into public administration, large enterprises, enterprises, and SMEs. On the basis of end-user, Vietnam cloud service industry is segmented into public & government, media & entertainment, IT & Telecom, manufacturing, healthcare, retail & warehousing, and others (agriculture).

Geographically, the market is objectively analyzed on the basis of revenue garnered by countries n Northern Vietnam, Central Vietnam, and Southern Vietnam regions.

NTC Cloud Computing Company Ltd., Microsoft Vietnam (Microsoft Corp.), Oracle Corporation, Salesforce, Inc., IBM Vietnam Co., Ltd. (IBM Corp.), SAP Asia (Vietnam) Co. Ltd. (SAP SE), Google LLC, and Amazon Web Services Vietnam Company Ltd. (Amazon.com Inc.) are of the prominent players that are majorly influencing industry dynamics.

These companies are directing resources towards deliberate endeavors such as mergers, acquisitions, and partnership deals to maintain a dominant stance in Vietnam cloud service market.

For example, in October 2021, VIB Bank and Microsoft Vietnam confirmed that they would be collaborating for a period of 3 years in order to set up multi-cloud function of Microsoft Azure Premises within the country.

Questions and Answers: -

Question 1. What are the primary factors fueling the growth of Vietnam cloud service market?

Answer 1. Burgeoning penetration of digitalization across the country and growing prevalence of domestic and international enterprises offering a range of services are the primary factors fueling the growth of Vietnam cloud service market.

Question 2. How is Microsoft Corporation establishing its presence in Vietnam cloud service market?

Answer 2. In October 2021, VIB Bank and Microsoft Vietnam confirmed that they would be collaborating for a period of 3 years in order to set up multi-cloud function of Microsoft Azure Premises within the country, thus contributing extensively to overall market revenues.

Question 3. Which companies are the key players in Vietnam cloud service market?

Answer 3. Companies such as NTC Cloud Computing Company Ltd., Microsoft Vietnam (Microsoft Corp.), Oracle Corporation, Salesforce, Inc., IBM Vietnam Co., Ltd. (IBM Corp.), SAP Asia (Vietnam) Co. Ltd. (SAP SE), Google LLC and Amazon Web Services Vietnam Company Ltd. (Amazon.com Inc.) are the key players in Vietnam cloud service market.

For more details on this report:

https://www.marketstudyreport.com/reports/vietnam-cloud-service-market-investment-growth-opportunity-analysis-2019-2028/   

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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