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
| 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.
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 |
| Regions covered | Dong Nai, Hai Phong, Nghe An, Vinh Phuc, Thai Nguyen, Binh Duong, Da Nang, Rest of Vietnam |
| 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. |
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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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Vietnam ICT Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam ICT Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Vietnam ICT Market Size, Share and Forecast, By Type, 2027-20337.3. Hardware7.4. Software7.5. IT Services7.6. Telecommunication Services
8. Vietnam ICT Market, By Hardware (USD Million) 2020-2033
8.1. Vietnam ICT Market Size, Share and Forecast, By Hardware, 2020-20268.2. Vietnam ICT Market Size, Share and Forecast, By Hardware, 2027-20338.3. Network Switches8.4. Routers8.5. WLAN
9. Vietnam ICT Market, By Industry Vertical (USD Million) 2020-2033
9.1. Vietnam ICT Market Size, Share and Forecast, By Industry Vertical, 2020-20269.2. Global Vietnam ICT Market Size, Share and Forecast, By Industry Vertical, 2027-20339.3. BFSI9.4. IT and Telecom9.5. E-Commerce9.6. 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, 2020-202610.2. Vietnam ICT Market Size, Share and Forecast, By End-Users, 2027-203310.3. Enterprise10.4. Government10.5. 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 Nai12.4. Hai Phong12.5. Nghe An12.6. Vinh Phuc12.7. Thai Nguyen12.8. Binh Duong12.9. Da Nang
12.10. Rest of Vietnam
13. Company Profile
13.1. CMC CORPORATION13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. CISCO SYSTEMS CO. LTD13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. DELL TECHNOLOGIES VIETNAM13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. FPT CORPORATION13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. IBM VIETNAM13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. LG ELECTRONICS VIETNAM COMPANY13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. MICROSOFT VIETNAM13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. SAMSUNG ELECTRONICS VIETNAM CO LTD13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. VIETTEL GROUP13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. 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.
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.
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"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.
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