Growing fast internet and the arrival of international market players driving the industry

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Vietnamese Cyber ​​Security Market

Vietnamese Cyber ​​Security Market

Vietnamese Cyber ​​Security Market

Dublin, June 28, 2022 (GLOBE NEWSWIRE) — The “Vietnam Cybersecurity Market, by Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Content Security, Other), by Solution Type, by Deployment Mode, by End-User Industry, by Region, Competitive Prediction and Opportunities, 2026” report has been added to ResearchAndMarkets.com’s offer.

Vietnam’s cybersecurity market reached USD 0.142 billion in 2020 and is expected to grow at a CAGR of 16.52% to reach USD 0.350 billion by 2026.

Increasing expenditure by leading authorities for the development of the country’s IT infrastructure, growing penetration of high-speed internet and increasing entry of international market players are the main factors driving the growth of Vietnam’s cybersecurity market over the forecast period.

The increase in the number of people spending time on social media platforms makes personal information vulnerable to cyber-attacks. The proliferation of smart devices and the availability of connected devices, making information accessible to users through smart devices, generates large amounts of data.

High adoption of cloud computing services by the organizations to reduce the operational and maintenance costs and eliminate the need for investment required for buying capital and setting up infrastructure in office buildings creates growth opportunities for the Vietnamese cybersecurity market.

Favorable government initiatives such as “Make in Vietnam” and cybersecurity laws to support the cybersecurity industry and the implementation of Security Operation Center (SOC) in all government institutions are expected to fuel the growth of Vietnam’s cybersecurity market.

The BFSI industry is expected to hold the largest market share during the forecast period, 2022-2026. The BFSI industry is made up of critical consumer information and the leakage of such information can result in huge economic losses. Digitization of the BFSI industry, the provision of customer-friendly services such as internet banking, payment gateways, mobile applications and the continuous upgrade of the existing infrastructure are bolstering the growth of Vietnam’s cybersecurity market over the forecast period.

Report Range:
In this report, the Vietnam Cyber ​​Security market is divided into the following categories in addition to the industry trends which are also described below:

Vietnam Cyber ​​Security Market, by Security Type

  • Network security

  • Application Security

  • Cloud Security

  • Endpoint Security

  • content protection

  • others

Vietnam Cyber ​​Security Market, by Solution Type

  • firewall

  • Antivirus and Antimalware

  • Risk and Compliance Management

  • Identity & Access Management

  • Unified Threat Management

  • Prevent data loss

  • Encryption and Decryption

  • Intrusion Detection/Prevention System

  • Infrastructure security

  • others

Vietnam Cyber ​​Security Market, by Deployment Mode

Vietnam Cyber ​​Security Market, by End-User Industry

  • BFSIA

  • IT & Telecom

  • Retail

  • Government and Defence

  • healthcare

  • Education technology

  • others

Vietnam Cyber ​​Security Market by Regions

  • North Vietnam

  • South Vietnam

  • Central Vietnam

Main topics covered:

1. Service overview

2. Research methodology

3. Impact of COVID-19 on Vietnam’s Cybersecurity Market

4. Summary

5. Voice of the customer

6. Outlook for the Vietnamese Cybersecurity Market

7. Outlook for the Vietnamese Network Security Market

8. Vietnam Application Security Market Outlook

9. Vietnam Cloud Security Market Outlook

10. Vietnam Endpoint Security Market Outlook

11. Outlook for the content security market in Vietnam

12. Market Dynamics

13. Market trends and developments

14. Policy and regulatory landscape

15. Vietnam Economic Profile

16. Competitive Landscape

17. Strategic Recommendations

18. About the Publisher and Disclaimer

Named companies

  • FPT Corporation

  • Viettel Cyber ​​Security Company

  • Vietnam Posts and Telecommunications Group

  • SAP Asia (Vietnam) Co. Ltd.

  • IBM Vietnam Company Ltd.

  • Microsoft Vietnam Limited Liability Company

  • Amazon Web Services Vietnam Company Limited

  • Cisco Systems Vietnam Ltd.

  • Salesforce.com, Inc.

  • HPT Vietnam Corporation

  • CMC Corporation

  • CrowdStrike Holdings

  • Accenture, Inc.

  • McAfee, LLC

  • FireEye, Inc.

For more information about this report, visit https://www.researchandmarkets.com/r/19f82a

Appendix

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