Summary

Vietnam cloud storage market is projected to grow at a significant rate during the forecast period. The market growth can be attributed to the increased volumes of data generated across enterprises and the rising penetration of autonomous systems and machine learning. Advantages offered by the cloud, such as scalability, 24/7 availability, flexibility, and enhanced storage, are contributing to their increased adoption. Besides, the emergence of unique video systems, the internet of things (IoT), remote sensing technologies, and the rising popularity of cloud storage solutions at workplaces are propelling the growth of the Vietnam cloud storage market. A growing number of small and mid-sized enterprises and large enterprises owing to the growth of economic activities and increased adoption of cloud storage across the verticals such as BFIS, healthcare, and media and entertainment are also fueling the growth of Vietnam cloud storage market. Furthermore, increasing automation in aerospace and defense, coupled with the rising need to improve storage and sharing of data, are driving the growth of the Vietnam cloud storage market in the forecast period. The growing presence of major technology vendors in the cloud storage market for expansion of cloud storage portfolios and expansion of data centers by major tech giants are also fueling the growth of Vietnam cloud storage market. The rising need for providing the remote workforce with ubiquitous access to data and files and the advent of distributed storage arrays are anticipated to increase the growth of Vietnam cloud storage market. The emergence of analytics, mobility, and social media has influenced end-users to adopt automated storage services to offer real-time enhanced customer experience, which is anticipated to drive Vietnam cloud storage market in the coming years.

The Vietnam cloud storage market is segmented based on component, deployment mode, organization size, end user industry, company, and region. Based on the end user industry, the market can be fragmented into IT & telecommunications, BFSI, healthcare, retail & e-commerce, manufacturing & engineering, and others. The BFSI segment is expected to hold the largest share in the Vietnam cloud storage market due to the growing need to secure voluminous data generated and enhance accessibility and flexibility.
IBM Vietnam Co. Ltd., Công Ty Tnhh Microsoft Việt Nam (Microsoft), Oracle Vietnam Pte Ltd, VMware Vietnam, Hewlett Packard Enterprise, Amazon Web Services Vietnam, Dell Technologies Vietnam, Salesforce, Dropbox Vietnam, Rackspace, etc. are the major players operating in the Vietnam cloud storage market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the market size of Vietnam cloud storage market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam cloud storage market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam cloud storage market based on component, deployment mode, organization size, end user industry, company, and regional distribution.
• To identify dominant region or segment in the Vietnam cloud storage market.
• To identify drivers and challenges for Vietnam cloud storage market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in Vietnam cloud storage market.
• To identify and analyze the profile of leading players operating in Vietnam cloud storage market.
• To identify key sustainable strategies adopted by market players in Vietnam cloud storage market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across Vietnam. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Vietnam cloud storage market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services 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 TechSci Research.
Key Target Audience:
• Cloud storage service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to cloud storage
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Vietnam cloud storage market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Cloud Storage Market, By Component:
o Solution
o Service
• Vietnam Cloud Storage Market, By Deployment Mode:
o Public
o Private
o Hybrid
• Vietnam Cloud Storage Market, By Organization Size:
o Large Enterprises
o SMEs
• Vietnam Cloud Storage Market, By End User Industry:
o IT & Telecommunications
o BFSI
o Healthcare
o Retail & E-Commerce
o Manufacturing & Engineering
o Others
• Vietnam Cloud Storage Market, By Region:
o South
o North
o Central

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam cloud storage market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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