Vietnam Cybersecurity Market Introduction and Overview
According to SPER Market Research, the Vietnam Cybersecurity Market is estimated to reach USD XX Billion by 2033 with a CAGR of 15.9%.
The report includes an in-depth analysis of the Vietnam Cybersecurity Market, including market size and trends, product mix, applications, and supplier analysis. The process of preventing illegal access, attacks, and damage to computer systems, networks, and data is known as cybersecurity. It entails a collection of policies, procedures, and tools designed to protect private data and stop hackers from taking advantage of openings. Given the quick digitization of Vietnam's banking, healthcare, and government sectors, cybersecurity is essential to maintaining the safety and resilience of the nation's digital infrastructure.
- August 2022: With a push into Vietnam, Kasikornbank (KBank) of Thailand is moving forward in its goal to establish itself as a regional digital bank. In order to provide digital services to clients in various industries, KBank plans to invest more than 2.7 billion baht, or roughly USD 75 million, in bolstering its service network throughout AEC+3, or ASEAN plus China, Japan, and the Republic of Korea.
- July 2022: AWS is growing in Vietnam by enticing more users to store their data on their cloud, which is situated offshore. For security concerns, local businesses are also under pressure from the Vietnamese government to retain their data within the nation. In an effort to attract national data centre clients, Amazon has made an effort to increase its presence in Vietnam. The company unveiled AWS branches in Vietnam in 2021 and started its international IT training initiative.
Market Opportunities and Challenges
Vietnam Cybersecurity Market Opportunities
- Cloud security: There is a big market for cloud security solutions that safeguard data and apps housed in the cloud, given Vietnam's increasing use of cloud services.
- IoT Security: As the nation's IoT ecosystem grows, there is an increasing need for IoT security solutions to protect networks and linked devices.
- Managed Security Services: In order to strengthen their cybersecurity capabilities, organisations are choosing to use managed security services due to the growing complexity of cyber threats.
Vietnam Cybersecurity Market Challenges
- Lack of Awareness: Inadequate cybersecurity measures result from a lack of awareness among many Vietnamese firms and individuals regarding potential cyber dangers.
- Lack of Skilled Workforce: Establishing strong cybersecurity teams is made extremely difficult for organisations by the lack of qualified cybersecurity workers in the nation.
- Budget Restrictions: Small and medium-sized businesses (SMEs) frequently have financial restrictions, which prevents them from investing in all-inclusive cybersecurity solutions.
Market Competitive Landscape
There are not many foreign or regional competitors in Vietnam's somewhat competitive and fragmented cybersecurity sector. These businesses can gain a long-term competitive edge through innovation. Security trends are being reshaped by emerging industries like IoT and Big Data, and during the forecast period, the firm concentration ratio is predicted to expand at a faster rate. The major key players in the Vietnam Cybersecurity Market are: Amazon Web Services Vietnam Company Limited (Amazon Web Services, Inc.), Cisco Systems, Inc., CMC Corporation, Dell Inc., FPT Corporation, HPT Vietnam Corporation, IBM Vietnam Co., Ltd., Microsoft Vietnam, Viettel Cyber Security, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Offering, By Deployment, By End User
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| Regions covered | Central Vietnam, Northern Vietnam, Southern Vietnam
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| Companies Covered | Amazon Web Services Vietnam Company Limited (Amazon Web Services, Inc.), Cisco Systems, Inc., CMC Corporation, Dell Inc., FPT Corporation, HPT Vietnam Corporation, IBM Vietnam Co., Ltd., Microsoft Vietnam, Viettel Cyber Security, Others
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COVID-19 Impact on Vietnam Cybersecurity Market
The COVID-19 pandemic caused more individuals to use the internet for trading, employment, and learning. The pandemic made it easier for hackers to spread fraudulent and false information, as well as dangerous malware and data theft. The most popular ones are impersonating financial organisations and illegally obtaining personal information. Organisations all around the nation are taking aggressive measures to address cyber-attacks that have increased in frequency since the COVID-19 epidemic. As a result, in the current environment, cyber resilience—the capacity of an industry or organisation to react to, anticipate, and recover from cyberattacks—has become a need rather than a choice.
Key Target Audience
- Cloud Service Providers
- Cybersecurity Solution Providers
- Enterprises and Businesses
- Financial Institutions
- Government and Regulatory Bodies
- Healthcare Organizations
- IT and Security Professionals
- Managed Security Service Providers (MSSPs)
- Others
Our in-depth analysis of the Vietnam Cybersecurity Market includes the following segments:
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By Offering:
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Security Type
Services
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By Deployment:
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Cloud
On-premise
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By End User:
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BFSI
Healthcare
Manufacturing
Government & Defense
IT and Telecommunication
Other End Users
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Key Topics Covered in the Report
- Vietnam Cybersecurity Market Size (FY’2023-FY’2033)
- Overview of Vietnam Cybersecurity Market
- Segmentation of Vietnam Cybersecurity Market By Offering (Security Type, Services)
- Segmentation of Vietnam Cybersecurity Market By Deployment (Cloud, On-premise)
- Segmentation of Vietnam Cybersecurity Market By End User (BFSI, Healthcare, Manufacturing, Government & Defense, IT and Telecommunication, Other End Users)
- Statistical Snap of Vietnam Cybersecurity Market
- Expansion Analysis of Vietnam Cybersecurity Market
- Problems and Obstacles in Vietnam Cybersecurity Market
- Competitive Landscape in the Vietnam Cybersecurity Market
- Impact of COVID-19 and Demonetization on Vietnam Cybersecurity Market
- Details on Current Investment in Vietnam Cybersecurity Market
- Competitive Analysis of Vietnam Cybersecurity Market
- Prominent Players in the Vietnam Cybersecurity Market
- SWOT Analysis of Vietnam Cybersecurity Market
- Vietnam Cybersecurity Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Cybersecurity Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Cybersecurity Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Cybersecurity Market
7. Vietnam Cybersecurity Market, By Offering (USD Million)
7.1. Vietnam Cybersecurity Market Value Share and Forecast, By Offering, 2023-2033
7.2. Security Type
7.3. Services
8. Vietnam Cybersecurity Market, By Deployment (USD Million)
8.1. Vietnam Cybersecurity Market Value Share and Forecast, By Deployment, 2023-2033
8.2. Cloud
8.3. On-premise
9. Vietnam Cybersecurity Market, By End User (USD Million)
9.1. Vietnam Cybersecurity Market Value Share and Forecast, By End User, 2023-2033
9.2. BFSI
9.3. Healthcare
9.4. Manufacturing
9.5. Government & Defense
9.6. IT and Telecommunication
9.7. Other End Users
10. Vietnam Cybersecurity Market Forecast, 2019-2033 (USD Million)
10.1. Vietnam Cybersecurity Market Size and Market Share
11. Vietnam Cybersecurity Market, By Offering, 2019-2033 (USD Million)
11.1. Vietnam Cybersecurity Market Size and Market Share By Offering (2019-2026)
11.2. Vietnam Cybersecurity Market Size and Market Share By Offering (2027-2033)
12. Vietnam Cybersecurity Market, By Deployment, 2019-2033 (USD Million)
12.1. Vietnam Cybersecurity Market Size and Market Share By Deployment (2019-2026)
12.2. Vietnam Cybersecurity Market Size and Market Share By Deployment (2027-2033)
13. Vietnam Cybersecurity Market, By End User, 2019-2033 (USD Million)
13.1. Vietnam Cybersecurity Market Size and Market Share By End User (2019-2026)
13.2. Vietnam Cybersecurity Market Size and Market Share By End User (2027-2033)
14. Vietnam Cybersecurity Market, By Region, 2019-2033 (USD Million)
14.1. Vietnam Cybersecurity Market Size and Market Share By Region (2019-2026)
14.2. Vietnam Cybersecurity Market Size and Market Share By Region (2027-2033)
14.3. Central Vietnam
14.4. Northern Vietnam
14.5. Southern Vietnam
15. Company Profile
15.1. Amazon Web Services Vietnam Company Limited
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Cisco Systems, Inc.
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. CMC Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Dell Inc.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. FPT Corporation
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. HPT Vietnam Corporation
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. IBM Vietnam Co., Ltd.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Viettel Cyber Security
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Microsoft Vietnam
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
