Vietnam ICT Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook

Vietnam ICT Market Size- By Type, By Hardware, By Industry Vertical, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Vietnam ICT Market Size- By Type, By Hardware, By Industry Vertical, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: May 2024 Report ID: IACT24104 Pages: 1 - 103 Formats*:     
Category : Information & Communications Technology
Vietnam ICT Market Introduction and Overview 

According to SPER Market Research, the Vietnam ICT Market is estimated to reach USD 18.47 billion by 2033 with a CAGR of 8.52%.

The report includes an in-depth analysis of the Vietnam ICT Market, including market size and trends, product mix, applications, and supplier analysis. The phrase "information and communication technology" (ICT) refers to a broad range of systems, applications, and technologies that are used in the collection, processing, storing, transmission, and exchange of data and information electronically. With its influence on almost every facet of our personal and professional life, it is an essential tool in the modern world. ICT primarily refers to the networks, software, and hardware that drive our digital world. This covers the many hardware devices—computers, servers, tablets, cellphones, routers, and software programs—that facilitate productivity, data analysis, and communication. It also includes the huge and complex network of networks, such as the Internet, that enables international connectivity and information sharing. The capacity of ICT to connect people, things, and systems across geographic borders is among its most revolutionary features.

  • March 2024; As part of its strategy to implement EdgeX in Asia to support the emerging economies, HGC Global Communications Limited (HGC), an ICT service provider and network operator, and Telehouse Vietnam, a leading provider of ICT solutions, signed a Joint Marketing agreement to provide EdgeX by HGC Global Communications Limited in the Vietnam market.
  • October 2022; After introducing The Viettel Cloud Ecosystem, the Viettel Group solidified its leadership as the biggest provider of cloud computing services in Vietnam. With this launch, enterprise clients throughout the globe will be able to use customized and specialized solutions to speed cloud enabled changes.
Vietnam ICT Market
Market Opportunities and Challenges

Opportunities: In order to improve urban efficiency and livability, Internet of Things (IoT) technologies are integrated into the construction of smart cities. Smart meters and other Internet of Things (IoT) devices are placed across Vietnamese cities to gather data in real time on a variety of topics, including trash management, energy usage, traffic flow, and air quality. After that, this data is examined and used to help guide decisions that will enhance infrastructure and services provided by the city. By facilitating better mobility and energy efficiency, smart cities seek to maximize resource allocation, lessen their negative effects on the environment, and improve the quality of life for their citizens.

Challenges: One major factor limiting the Vietnam ICT market is the deficient ICT infrastructure in several areas of the country. Even while major cities have experienced tremendous progress, connectivity problems, such as inadequate broadband coverage and unstable network infrastructure, persist in rural areas. Furthermore, the lack of qualified workers in the ICT sector is seriously impeding the expansion of the ICT market in Vietnam. The workforce needs to be well-trained in order to design, implement, and support ICT solutions due to the rapid speed of technological innovations. The discrepancy between the supply and demand of qualified personnel in Vietnam's ICT sector may pose a threat to the country's ability to innovate and thrive. 

Vietnam ICT Market


Market Competitive Landscape
The ICT market in Vietnam is fragmented, with key companies such as CMC Corporation, Cisco Systems (Vietnam) Co., Ltd., Dell Technologies Vietnam, FPT Corporation, HP Vietnam (HP Inc.), IBM Vietnam, LG Electronics Vietnam Company Limited, Microsoft Vietnam, Samsung.

Scope of the Report:
 Report Metric Details
 Market size available for years 2020-2033
 Base year considered 2023
 Forecast period 2024-2033
 Segments coveredBy Type, By Hardware, By Industry Vertical, By End-User
 Regions covered
Dong Nai, Hai Phong, Nghe An, Vinh Phuc, Thai Nguyen, Binh Duong, Da Nang, Rest of Vietnam
 Companies CoveredCMC Corporation, Cisco Systems (Vietnam) Co., Ltd., Dell Technologies Vietnam, FPT Corporation, HP Vietnam (HP Inc.), IBM Vietnam, LG Electronics Vietnam Company Limited, Microsoft Vietnam, Samsung Electronics Vietnam Co., Ltd., and Viettel Group.
COVID-19 Impact on Vietnam ICT Market
The Covid-19 pandemic has accelerated the adoption of digital technologies and ICT solutions in Vietnam. It has highlighted the importance of connectivity, remote working, e-commerce, and digital services. The epidemic has also brought attention to the necessity of strong ICT infrastructure, cybersecurity safeguards, and the advancement of digital skills. With the growing significance of ICT during the COVID epidemic, new data center construction got underway.

Key Target Audience:
  • Businesses and Enterprises
  • Government and Public Sector 
  • Education Sector
  • Healthcare Sector
  • Consumers
  • Tech Startups and Developers
  • Telecommunications Companies
Our in-depth analysis of the Vietnam ICT Market includes the following segments:
By Type:
  • Hardware
  • Software
  • IT Services
  • Telecommunication Services
  • By Hardware:
  • Network Switches
  • Routers
  • WLAN
  • By Industry Vertical:
  • BFSI
  • IT and Telecom
  • E-Commerce
  • Energy and Utilities
  • Other Industry Vertical
  • By End-Users:
  • Enterprise
  • Government
  • Consumer
  • Key Topics Covered in the Report:
    • Vietnam ICT Market Size (FY’2024-FY’2033)
    • Overview of Vietnam ICT Market
    • Segmentation of Vietnam ICT Market by Type (Hardware, Software, IT Services, Telecommunication Services)
    • Segmentation of Vietnam ICT Market by Hardware (Network Switches, Routers, WLAN)
    • Segmentation of Vietnam ICT Market by Industry Vertical (BFSI, IT and Telecom, E-Commerce, Energy and Utilities, Other Industry Vertical)
    • Segmentation of Vietnam ICT Market by End-User (Enterprise, Government, Consumer)
    • Statistical Snap of Vietnam ICT Market
    • Expansion Analysis of Vietnam ICT Market
    • Problems and Obstacles in Vietnam ICT Market
    • Competitive Landscape in the Vietnam ICT Market
    • Impact of COVID-19 and Demonetization on Vietnam ICT Market
    • Details on Current Investment in Vietnam ICT Market
    • Competitive Analysis of Vietnam ICT Market
    • Prominent Players in the Vietnam ICT Market
    • SWOT Analysis of Vietnam ICT Market
    • Vietnam ICT Market Future Outlook and Projections (FY’2024-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 ICT 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 ICT Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam ICT Market

    7. Vietnam ICT Market, By Type (USD Million) 2020-2033
    7.1. Vietnam ICT Market Size, Share and Forecast, By Type, 2020-2026
    7.2. Vietnam ICT Market Size, Share and Forecast, By Type, 2027-2033
    7.3. Hardware
    7.4. Software
    7.5. IT Services
    7.6. Telecommunication Services

    8. Vietnam ICT Market, By Hardware (USD Million) 2020-2033
    8.1. Vietnam ICT Market Size, Share and Forecast, By Hardware, 2020-2026
    8.2. Vietnam ICT Market Size, Share and Forecast, By Hardware, 2027-2033
    8.3. Network Switches
    8.4. Routers
    8.5. WLAN 

    9. Vietnam ICT Market, By Industry Vertical (USD Million) 2020-2033
    9.1. Vietnam ICT Market Size, Share and Forecast, By Industry Vertical, 2020-2026
    9.2. Global Vietnam ICT Market Size, Share and Forecast, By Industry Vertical, 2027-2033
    9.3. BFSI
    9.4. IT and Telecom
    9.5. E-Commerce
    9.6. Energy and Utilities
    9.7. Other Industry Vertical

    10. Vietnam ICT Market, By End-Users (USD Million) 2020-2033
    10.1. Vietnam ICT Market Size, Share and Forecast, By End-Users, 2020-2026
    10.2. Vietnam ICT Market Size, Share and Forecast, By End-Users, 2027-2033
    10.3. Enterprise
    10.4. Government
    10.5. Consumer  

    11. Vietnam ICT Market Forecast, 2020-2033 (USD Million)
    11.1. Vietnam ICT Market Size and Market Share

    12. Vietnam ICT Market, By Region, 2020-2033 (USD Million)
    12.1. Vietnam ICT Market Size and Market Share By Region (2020-2026)
    12.2. Vietnam ICT Market Size and Market Share By Region (2027-2033) 
    12.3. Dong Nai
    12.4. Hai Phong
    12.5. Nghe An
    12.6. Vinh Phuc
    12.7. Thai Nguyen
    12.8. Binh Duong
    12.9. Da Nang
    12.10. Rest of Vietnam

    13. Company Profile
    13.1. CMC CORPORATION
    13.1.1. Company details
    13.1.2. Financial outlook
    13.1.3. Product summary 
    13.1.4. Recent developments
    13.2. CISCO SYSTEMS CO. LTD
    13.2.1. Company details
    13.2.2. Financial outlook
    13.2.3. Product summary 
    13.2.4. Recent developments
    13.3. DELL TECHNOLOGIES VIETNAM
    13.3.1. Company details
    13.3.2. Financial outlook
    13.3.3. Product summary 
    13.3.4. Recent developments
    13.4. FPT CORPORATION
    13.4.1. Company details
    13.4.2. Financial outlook
    13.4.3. Product summary 
    13.4.4. Recent developments
    13.5. IBM VIETNAM
    13.5.1. Company details
    13.5.2. Financial outlook
    13.5.3. Product summary 
    13.5.4. Recent developments
    13.6. LG ELECTRONICS VIETNAM COMPANY 
    13.6.1. Company details
    13.6.2. Financial outlook
    13.6.3. Product summary 
    13.6.4. Recent developments
    13.7. MICROSOFT VIETNAM
    13.7.1. Company details
    13.7.2. Financial outlook
    13.7.3. Product summary 
    13.7.4. Recent developments
    13.8.  SAMSUNG ELECTRONICS VIETNAM CO LTD
    13.8.1. Company details
    13.8.2. Financial outlook
    13.8.3. Product summary 
    13.8.4. Recent developments
    13.9. VIETTEL GROUP
    13.9.1. Company details
    13.9.2. Financial outlook
    13.9.3. Product summary 
    13.9.4. Recent developments
    13.10. Others 
     
    14. Conclusion

    15. List of Abbreviations

    16. Reference Links

    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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Vietnam ICT Market size is 18.47 billion from 2024 to 2033.
    Vietnam ICT Market is projected to reach USD18.47 billion by 2033, growing at a CAGR of 8.52% during the forecast period.
    Vietnam ICT Market size from 2022. The Market is expected to reach USD18.47 billion by 2033, at a CAGR of 8.52% during the forecast period.
    Vietnam ICT Market CAGR of 8.52% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    "Vietnam ICT Market Segment is covered By Type, By Hardware, By Industry Vertical, By End-User."
    The Asia-Pacific anticipated to have the highest market share in the Vietnam ICT Market.
    The key players in the market include Companies Covered CMC Corporation, Cisco Systems (Vietnam) Co., Ltd., Dell Technologies Vietnam, FPT Corporation, HP Vietnam (HP Inc.), IBM Vietnam, LG Electronics Vietnam Company Limited, Microsoft Vietnam, Samsung Electronics Vietnam Co., Ltd., and Viettel Group..
    The capacity of ICT to connect people, things, and systems across geographic borders is among its most revolutionary features.
    Not able to find what you are looking for? Need customization in the existing report?
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