Vietnam Cloud Service Market Share to expand at 25% CAGR through 2028

Vietnam Cloud Service Market Share to expand at 25% CAGR through 2028

by Sachin Pashte

Credible researchers cite that Vietnam Cloud Service Market is anticipated to expand at a CAGR of 25% during the forecast period and is predicted to accrue noteworthy returns by the year 2028.

As per the report findings, quick transition of the country to digital technology, as well as substantial presence of both domestic and international firms providing a wide range of cloud services are supporting the expansion of Vietnam cloud service market.

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Notably, few applications have recently been created and implemented independently in a limited number of firms without mass integration, showcasing immense potential. Also, with education facilities preparing to embrace cloud services, the government and stakeholders are focusing on building the necessary infrastructure for specific areas like education, training, and management. Thus, all these factors are contributing toward the development of the industry.

Based on service type, Vietnam cloud service market is divided into software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. Among these, the infrastructure-as-a-service segment is likely to grow significantly over the forecast period.

In terms of type, the industry is branched into hybrid, private, and public. On the basis of organization type, the market is classified into public administration, large enterprises, SMEs, and enterprises.

Speaking of end-use, the industry is categorized into public & government, media & entertainment, IT & telecom, manufacturing, retail & warehousing, healthcare, BFSI, and others. Out of which, the BFSI segment is expected to gain substantial traction in the coming years. 

Speaking of regional outlook, the latest trends are studied across South Vietnam, Central Vietnam, and North Vietnam.

Moving to competitive arena, P.A Vietnam Co. Ltd., Sapo Technology, BASE Enterprises, Bizfly, VNG Corporation, VCC Vinaphone, Mat Bao Corporation, CMC Corporation, HPT Vietnam Corporation, FPT Corp., Viettel-CHT Company Ltd., NTC Cloud Computing Company Ltd., Microsoft Corporation, Oracle Corporation, IBM Vietnam Co., Ltd., Salesforce Inc., SAP Asia (Vietnam) Co. Ltd., Google LLC, and Amazon Web Services Vietnam Company Ltd. are the leading players in Vietnam cloud service market. These players are implementing strategically-advanced approaches to bolster their foothold in the industry.

Questions and Answers: Vietnam Cloud Service Market

Q1. What are the growth determinants of Vietnam cloud service market?

Answer: Quick transition of Vietnam to digital technology, as well as substantial presence of both domestic and international firms providing a wide range of cloud services is supporting the expansion of Vietnam cloud service market.

Q2. Which end-use segment will contribute to Vietnam cloud service market expansion?

Answer: The BFSI end-use segment is likely to contribute toward Vietnam cloud service market expansion.

Q3. Which are the leading players in Vietnam cloud service market?

Answer: P.A Vietnam Co. Ltd., Sapo Technology, BASE Enterprises, Bizfly, VNG Corporation, VCC Vinaphone, Mat Bao Corporation, CMC Corporation, HPT Vietnam Corporation, FPT Corp., Viettel-CHT Company Ltd., NTC Cloud Computing Company Ltd., Microsoft Corporation, Oracle Corporation, IBM Vietnam Co., Ltd., Salesforce Inc., SAP Asia (Vietnam) Co. Ltd., Google LLC, and Amazon Web Services Vietnam Company Ltd. are the leading players in Vietnam cloud service market.

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Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal Read more...