Vietnam Data Center Storage Market Trends, Forecasts and Opportunities, 2019-2023 & 2024-2029, Profiles of HPE, IBM, Microsoft, Intel, Oracle, Cisco, SAP, and Toshiba

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Vietnamese Data Center Storage Market

Vietnamese Data Center Storage Market

Dublin , Nov. 21 , 2024 ( GLOBE NEWSWIRE ) — The ” Vietnam Data Center Storage Market by Region , Competition , Forecast and opportunity , 2019 – 2029F ” report has been add to researchandmarkets.com ‘s offering .

The Vietnam Data Center Storage Market was valued at USD 0.75 Billion in 2023, and is expected to reach USD 1.54 Billion by 2029, rising at a CAGR of 12.60%

One is is of the dominant trend in Vietnam ‘s datum center storage market is the grow adoption of cloud computing , particularly hybrid cloud solution . cloud services is becoming are becoming increasingly popular as business in Vietnam recognize the benefit of flexibility , scalability , and cost – efficiency . hybrid cloud models is gaining , which combine private and public cloud environment , are gain traction as they offer the good of both world : the security and control of on – premise data storage and the flexibility and scalability of cloud storage .

Many Vietnamese enterprises, especially in sectors like banking, e-commerce, and telecommunications, are opting for hybrid cloud solutions to meet their growing data storage needs. These industries handle sensitive data, such as customer financial information and transaction records, which require strict compliance with data protection regulations. A hybrid cloud model allows companies to store critical, sensitive data on private servers while leveraging public clouds for less sensitive or non-critical operations, like content delivery or analytics.

furthermore , cloud adoption in Vietnam is being drive by the rapid growth of small and medium – sized enterprise ( sme ) seek affordable and scalable storage solution . cloud services is enable enable these business to reduce upfront capital expenditure on physical infrastructure and shift to a more flexible , pay – as – you – go model . global cloud providers is expanded like Amazon Web Services ( AWS ) , Microsoft Azure , and Google Cloud is expanded have expand their presence in the vietnamese market , offer localize solution and foster cloud adoption .

As more organization embrace digital transformation , hybrid cloud solution are expect to play a critical role in shape the datum center storage market . Businesses is recognizing are increasingly recognize the need for multi – cloud strategy that combine the strength of multiple provider , enhance redundancy , disaster recovery , and security . The rise of hybrid and multi – cloud solution is expect to continue drive demand for datum center storage as business look for way to manage complex storage requirement while balance cost , security , and performance .

This trend is also supported by the Vietnamese government’s push for digitalization, encouraging the adoption of cloud technologies to support e-government initiatives, smart cities, and digital public services. As cloud technology continues to evolve, hybrid cloud solutions will remain a cornerstone of the data center storage market in Vietnam.

Increased Focus on Data Security and Compliance

As data generation and storage grow exponentially , another key trend is is in the Vietnam datum center storage market is the increase focus on datum security and regulatory compliance . With the rise of cyberattack , include ransomware and datum breach , organizations is are are more conscious of the need to secure their datum and ensure that storage infrastructure meet stringent regulatory requirement . This focus is is on security is critical for sector like banking , healthcare , and government , where sensitive datum is store and process .

Vietnam is implemented has implement a range of cybersecurity law and regulation , include the Law on Cybersecurity ( 2019 ) , which mandate that certain type of datum , such as personal and financial information , must be store within the country ‘s border . This trend is led has lead to increase demand for localize datum center , as business and foreign company with operation in Vietnam seek to comply with these regulation . ensure that data is store locally is crucial for regulatory compliance and help to mitigate risk associate with cross – border datum transfer .

To address these challenge , datum center operators is investing in Vietnam are invest in advanced security technology , such as encryption , multi – factor authentication , and real – time threat detection system . additionally , companies is adopting are increasingly adopt zero – trust security model , which assume that all user , device , and application , both inside and outside the network , are potential threat and require continuous verification . This proactive approach is ensures to security ensure that datum remains protect , even as cyber threat evolve .

regulatory compliance is not only a domestic issue ; vietnamese businesses is are are also concerned with international standard like the General Data Protection Regulation ( GDPR ) of the European Union . Companies is ensure that handle datum from international client must ensure compliance with these global standard to avoid legal penalty and maintain their reputation .

As data security and compliance continue to gain importance , datum center providers is have that prioritize these factor will have a competitive edge in the market . This trend is expect to shape the future of Vietnam ‘s datum center storage market , with security and compliance becoming key differentiator for provider cater to both domestic and international business .

Segmental Insights

Storage System Insights

The Cloud storage held the largest market share in 2023. Cloud storage is dominating the Vietnam Data Center Storage market due to several key factors. First and foremost, the increasing adoption of digital transformation across industries, including finance, e-commerce, and telecommunications, has accelerated the demand for scalable and flexible data storage solutions. Cloud storage offers a cost-effective alternative to traditional on-premise storage systems, allowing businesses to scale their storage needs up or down as required without the need for large capital investments in physical infrastructure.

Cloud storage provides enhanced flexibility, enabling businesses to access their data from anywhere with an internet connection, which is particularly important in today’s increasingly remote and distributed work environments. This has been especially relevant during and after the COVID-19 pandemic, where remote working and online collaboration became critical. Moreover, global cloud providers such as Amazon Web Services (AWS), Google Cloud, and Microsoft Azure have expanded their presence in Vietnam, offering localized cloud storage solutions tailored to the needs of Vietnamese enterprises. This localized approach, combined with the availability of hybrid cloud solutions, allows businesses to store sensitive data on private servers while using the cloud for less critical applications, balancing security and efficiency.

Cloud storage also provides advanced security features, such as data encryption, multi-factor authentication, and automated backups, which help businesses mitigate the risks of data breaches and ensure regulatory compliance. With Vietnam implementing data protection laws such as the Law on Cybersecurity, companies are increasingly turning to cloud providers that can ensure data sovereignty and compliance with these regulations.

regional insight

southern Vietnam is held hold the large market share in 2023 . southern Vietnam is dominates , particularly Ho Chi Minh City and its surround area , dominate the Vietnam Data Center Storage market . Ho Chi Minh City is is is the economic and financial hub of Vietnam , attract numerous domestic and international business . This concentration is drives of business activity drive a high demand for datum center storage solution to support the burgeon need of industry such as finance , e – commerce , telecommunication , and manufacturing . The city ‘s status is ensures as the primary economic center ensure that it remain the focal point for datum center investment and operation .

The southern region benefits from advanced infrastructure development, including improved connectivity and telecommunications networks. The rollout of 5G technology and high-speed internet in Ho Chi Minh City enhances data transmission capabilities, making it an ideal location for data centers that require robust and reliable network connections. This infrastructure supports the high bandwidth and low latency demands of modern applications and services.

southern Vietnam’s strategic geographic location contributes to its dominance. The region’s proximity to international shipping routes and its status as a major logistics hub facilitate efficient connectivity and data transfer with global markets. This is particularly important for multinational companies operating in Vietnam, which require reliable data center services for seamless integration with their international operations. The government’s supportive policies and incentives for technology and infrastructure development further bolster southern Vietnam’s position in the data center market. Investment in smart city initiatives and digital transformation projects also drives demand for data center storage solutions in the region.

The presence of leading global and local data center providers in southern Vietnam amplifies the market’s growth. These providers offer a range of advanced storage solutions, catering to the diverse needs of businesses in the region.

Key Attributes:

Report scope :

Vietnam Data Center Storage Key Players

Vietnam Data Center Storage Market, By Storage System:

• Direct-Attached Storage

• Network-Attached Storage

• Storage Area Network

• Cloud Storage

• Software Defined Storage

Vietnam Data Center Storage Market , By Storage architecture :

Vietnam Data Center Storage Market , By End User :

• Media & Entertainment

• Education

• IT & Telecommunications

• Defense & Aerospace

• BFSI

• consumer

• Others

Vietnam Data Center Storage Market, By Region:

• southern Vietnam

• Northern Vietnam

• Central Vietnam

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