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.
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.
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 covered | By Type, By Hardware, By Industry Vertical, By End-User
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| Regions covered | Dong Nai, Hai Phong, Nghe An, Vinh Phuc, Thai Nguyen, Binh Duong, Da Nang, Rest of Vietnam
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| 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.
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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:
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By Type: |
Hardware
Software
IT Services
Telecommunication Services
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By Hardware: |
Network Switches
Routers
WLAN
|
|
By Industry Vertical: |
BFSI
IT and Telecom
E-Commerce
Energy and Utilities
Other Industry Vertical
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By End-Users: |
Enterprise
Government
Consumer
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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