Vietnam Cloud Services Market: Accelerating Growth Through Technological Advancements

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According to a report by TechSci Research titled "Vietnam Cloud Services Market - By Region, Competition, Forecast & Opportunities, 2028F," the Vietnam Cloud Services Market is expected to experience strong growth from 2024 to 2028. This growth is attributed to government funding and incentives, which have led to the emergence of Cloud Services and the establishment of legal regulatory frameworks. The market is also benefiting from the development of cloud-based technological consortiums.

Cloud services provide businesses and clients with a variety of on-demand services through an online platform. Cloud computing vendors and service providers are responsible for managing these services, eliminating the need for organizations to host applications on their internal servers. This accessibility to information and programs without relying on personal hardware or infrastructure has led to the widespread adoption of cloud computing across various industries such as private businesses, government, retail, healthcare, and education in Vietnam.

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In this report, Vietnam Cloud Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Vietnam Cloud Services Market, By Service Type:

• Infrastructure as a Service
• Software as a Service
• Platform as a Service

Vietnam Cloud Services Market, By Type:

• Public Cloud
• Private Cloud
• Hybrid Cloud

Vietnam Cloud Services Market, By Organization Type:

• SMEs
• Large Enterprises
• Public Administration

Vietnam Cloud Services Market, By End-Use:

• BFSI
• Healthcare
• Retail & Warehousing
• Manufacturing
• IT & Telecom
• Media & Entertainment
• Public & Government
• Others

Vietnam Cloud Services Market, By Region:

• Northern Vietnam
• Southern Vietnam
• Central Vietnam

The COVID-19 pandemic has compelled large and medium-sized businesses to embrace remote or home-based working, resulting in increased network traffic and the need for cloud services and hybrid cloud solutions. Many IT firms in Vietnam have transitioned into virtual businesses, allowing their employees to work from home entirely. This shift is expected to drive the demand for cloud services in the Vietnamese market.

Hybrid cloud computing, which combines cloud computing with edge computing, is a significant driver of the industry. It extends from the core enterprise computing system to the edge of service provider networks, user sites, and sensor networks. The consistent platforms and management required for edge architectures to operate effectively distinguish it from multi-cloud silos. These factors contribute to the projected growth of the Vietnam cloud service market.

Key market players in the Vietnam Cloud Services Market include:

• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Infor Inc.
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• Salesforce.Com Inc
• SAP SE
• SolutionDots Systems Ltd.
• VMware, Inc.

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The Vietnam Cloud Services market is segmented based on service type (Infrastructure as a Service, Software as a Service, and Platform as a Service), type (public cloud, private cloud, and hybrid cloud), organization type (SMEs, large enterprises, and public administration), end-use (banking, financial services & insurance, healthcare, retail & warehousing, manufacturing, IT & Telecom, media & entertainment, public & government, and others), and region (Northern Vietnam, Southern Vietnam, and Central Vietnam).

In conclusion, the TechSci Research report on the Vietnam Cloud Services Market provides insights into the market's future development potential, including market size, structure, and projected growth. It aims to provide decision-makers with current market knowledge to facilitate informed investment decisions. The report also analyzes emerging trends, key drivers, constraints, and opportunities in the Vietnam Cloud Services market.

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