Vietnam Cybersecurity Market, By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others), By Solution Type (Firewall, Antivirus & Anti Malware, Risk & Compliance Management, Identity & Access Management, Unified Threat Management, Data Loss Prevention, Encryption & Decryption, Intrusion Detection/Prevention System, Infrastructure Security & Others), By Deployment Mode (Cloud & On premise), By End-User Industry (BFSI, IT & Telecom, Retail, Government & Defense, Healthcare, Education Technology & Others), By Region, By Top 10 Provinces, Competition, Forecast & Opportunities, 2016-2026
Vietnam Cybersecurity Market stood at USD142.12 million in 2020 and is forecast to grow at a CAGR of 16.52% until 2026. Growth in the Vietnam Cybersecurity Market is driven by the increasing digital economy. Also, the increasing popularity of 5G technology will create extensive development on the scale and speed of information technology. The growing adoption of cloud computing services owing to their cost effectiveness, high performance, and accessibility will also enhance the Vietnam Cybersecurity Market. Moreover, supportive government initiatives such as “Make in Vietnam” is anticipated to act as a catalyst in the growth of the Vietnam Cybersecurity Market. All government organizations in Vietnam have implemented the Security Operation Centre (SOC) that allows agencies to take the initiative in ensuring cybersecurity.
Based on security type, the market can be segmented into Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others. The network security dominated the market in 2020 as these solutions empower enterprises to protect the integrity of the data from external points to manage network traffic more securely and efficiently. Based on solution type, the market can be divided into Firewall, Antivirus & Anti-Malware, Risk & Compliance Management, Identity & Access Management, Unified Threat Management, Data Loss Prevention, Encryption & Decryption, Intrusion Detection/Prevention System, Infrastructure Security & Others.The Firewall segment dominated the market in 2020 as it provides protection from unauthorized access by outside cyberattacks.
It protects the network as well as the device from malicious network traffic.
The market is segmented into BFSI, IT & Telecom, Retail, Government & Defense, Healthcare, Education Technology & Others based on end-user.The BFSI sector dominated the market in 2020 as major players in Vietnam Cybersecurity market are investing in developing technologies to protect the confidential information of consumers.
Moreover, the new technologies in the banking and finance sector have led to increased bank fraud and other criminal behavior.To protect consumers from such frauds, firms are investing more in providing cybersecurity to BFSI sector.
Some of the major players are Viettel Cyber Security Company, FPT Corporation, CMC Corporation, IBM Vietnam Company Ltd., HPT Vietnam Corporation, Microsoft Vietnam Limited Liability Company, Amazon Web Services Vietnam Company Limited, SAP Vietnam Co. Ltd., Vietnam Posts and Telecommunications Group, Salesforce.com, Inc., Cisco Systems, Inc., CrowdStrike Holdings, Inc., FireEye, Inc., McAfee LLC, Accenture, Inc., etc. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and development of new services.
• To analyze the historical growth in the market size of Vietnam Cybersecurity Market from 2016 to 2020. • To estimate and forecast the market size of Vietnam Cybersecurity Market from 2021 to 2026 and growth rate until 2026. • To classify and forecast Vietnam Cybersecurity Market based on security type, solution type, by deployment mode, by end-user industry, by region and by top 10 provinces. • To identify the dominant region or segment in the Vietnam Cybersecurity Market. • To identify drivers and challenges for Vietnam Cybersecurity Market. • To identify and analyze the profile of leading players operating in the Vietnam Cybersecurity Market. • To identify key sustainable strategies adopted by market players in the Vietnam Cybersecurity Market. The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of cybersecurity service providers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst was able to include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, aggregators, channel partners and presence of all major players across the country. The analyst calculated the market size of Vietnam Cybersecurity Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and solutions for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Cybersecurity service providers, aggregators, and other stakeholders • Organizations, forums and alliances related to cybersecurity • Government bodies such as regulating authorities and policy makers • Market research and consulting firms The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as vendors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, the Vietnam Cybersecurity Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Cybersecurity Market, By Security Type: o Network Security o Application Security o Cloud Security o Endpoint Security o Content Security o Others • Vietnam Cybersecurity Market, By Solution Type: o Firewall o Antivirus & Anti-Malware o Risk & Compliance Management o Identity & Access Management o Unified Threat Management o Data Loss Prevention o Encryption & Decryption o Intrusion Detection/Prevention System o Infrastructure Security o Others • Vietnam Cybersecurity Market, By Deployment mode: o Cloud o On-premise • Vietnam Cybersecurity Market, By End-User Industry: o BFSI o IT & Telecom o Retail o Government & Defense o Healthcare o Education Technology o Others • Vietnam Cybersecurity Market, By Region: o Northern o Southern o Central
Competitive Landscape :
Company Profiles: Detailed analysis of the major companies present in the Vietnam Cybersecurity Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
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