Vietnam Public Cloud Market

Market Overview:

Vietnam public cloud market size is projected to exhibit a growth rate (CAGR) of 13.77% during 2024-2032. The increasing adoption of cloud-based collaboration tools and virtual desktop infrastructure (VDI) solutions, which enable secure and seamless access to company resources, is driving the market.

Public cloud refers to a type of computing service where resources, such as servers and storage, are made available to the general public over the internet by a third-party provider. It offers a range of services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Public cloud services are typically delivered on a pay-as-you-go basis, allowing organizations to scale resources up or down based on their requirements, thus providing cost-effective and flexible solutions. Users can access these services remotely without the need for on-premises hardware or infrastructure. Public cloud providers manage and maintain the underlying infrastructure, ensuring high levels of security, reliability, and scalability. This model allows businesses to offload the burden of hardware maintenance and focus more on their core competencies, promoting innovation and agility within the organization.

Vietnam Public Cloud Market Trends:

The exponential growth of the public cloud market in Vietnam can be attributed to several key factors. Firstly, the escalating demand for scalable and cost-effective IT solutions has led organizations to opt for the flexibility and affordability offered by public cloud services. Additionally, the increasing adoption of digital transformation initiatives across various industry verticals has fueled the demand for cloud-based infrastructure, applications, and services. Moreover, the rapid proliferation of big data and analytics applications has prompted businesses to leverage the expansive computing power and storage capabilities of public cloud platforms to manage and analyze vast volumes of data efficiently. Furthermore, the rising trend of remote work and the need for seamless access to data and applications from any location have significantly boosted the appeal of public cloud solutions. Notably, the growing emphasis on enhancing cybersecurity measures, which has encouraged enterprises to rely on the advanced security features and protocols provided by reputable public cloud service providers, is expected to drive the regional market in the coming years.

Vietnam Public Cloud Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service, enterprise size, and end use.

Service Insights:

• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
   

The report has provided a detailed breakup and analysis of the market based on the service. This includes infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

Enterprise Size Insights:

• Large Enterprise
• Small and Medium-sized Enterprises
   

A detailed breakup and analysis of the market based on the enterprise size have also been provided in the report. This includes large enterprise and small and medium-sized enterprises.

End Use Insights:

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Manufacturing
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Government and Public Sector
• Others
   

The report has provided a detailed breakup and analysis of the market based on the end use. This includes BFSI, IT and telecom, retail and consumer goods, manufacturing, energy and utilities, healthcare, media and entertainment, government and public sector, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Public Cloud Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam public cloud market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam public cloud market?
• What is the breakup of the Vietnam public cloud market on the basis of service?
• What is the breakup of the Vietnam public cloud market on the basis of enterprise size?
• What is the breakup of the Vietnam public cloud market on the basis of end use?
• What are the various stages in the value chain of the Vietnam public cloud market? 
• What are the key driving factors and challenges in the Vietnam public cloud?
• What is the structure of the Vietnam public cloud market and who are the key players?
• What is the degree of competition in the Vietnam public cloud market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam public cloud market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam public cloud market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam public cloud industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.