Summary

Vietnam Software as a Service market is anticipated to grow at a significant rate during the forecast period. The market growth can be attributed to the country's ICT infrastructure development and the rising demand for SaaS from various prominent verticals such as healthcare, telecommunication, retail, telecommunication, and other sectors. Besides, the growing adoption of cloud-based services by multiple organizations due to their advantages such as affordability, improved accessibility, scalability, etc., and high internet penetration are aiding the growth of the Vietnam Software as a Service market. The expected 5G technology rollout and the rising proliferation of smart devices in the country are also contributing to the Vietnam Software as a Service market growth. Integration of artificial intelligence across industries such as healthcare, BFSI, and others and the high presence of major players offering services across the software as a service market is anticipated to boost the growth of Vietnam Software as a Service market during the forecast period. Increasing investments by end-use enterprises in the cloud-based solution and growing advancements in AI, big data, and others are projected to boost the Vietnam Software as a Service market during the forecast period. Additionally, organizations are actively looking for software with remote access options at a lower price, which is expected to fuel the growth of the Vietnam Software as a Service market. However, the rise in the trend of business outsourcing and rapid globalization are some of the factors encouraging the growth of the Vietnam Software as a Service market.

Vietnam Software as a Service market is segmented into business application, offering, organization size, deployment, end user, regional distribution, and company. Based on the deployment, the market is divided into the cloud and on-premises. The cloud segment is expected to hold the largest share in the Vietnam software as a service market, owing to the growing digitization across the country and improved access to resources and solutions.
Microsoft Vietnam LLC, Oracle Vietnam Pte Ltd, SAP Vietnam Co. Ltd., Adobe, Inc, Salesforce.com Inc, Saigon Technology, FPT Software, IBM Vietnam Co., Ltd., Cisco Systems Vietnam, Amazon Web Services, etc., are the leading players in Vietnam as a software service 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 historical growth in the market size of Vietnam Software as a Service market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam Software as a Service market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Vietnam Software as a Service market based on business application, offering, organization size, deployment, end user, regional distribution, and company.
• To identify dominant region or segment in the Vietnam Software as a Service Market.
• To identify drivers and challenges for Vietnam Software as a Service Market.
• To examine competitive developments such as expansions, new services, mergers & acquisitions, etc., in Vietnam Software as a Service Market.
• To identify and analyze the profile of leading players operating in Vietnam Software as a Service Market.
• To identify key sustainable strategies adopted by market players in Vietnam Software as a Service 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 the country. 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 Software as a Service 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 and applications 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:
• Software as a Service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to Software as a Service market
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 Software as a Service market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Vietnam Software as a Service Market, By Business Application:
o Marketing
o Customer Relationship Management
o Business Operations
o Finance
o Database Management
o Enterprise Resource Planning
o Others
• Vietnam Software as a Service Market, By Offering:
o Horizontal SaaS
o Vertical SaaS
• Vietnam Software as a Service Market, By Organization Size:
o Large Enterprises
o SMEs
• Vietnam Software as a Service Market, By Deployment:
o Cloud
o On-Premises
• Vietnam Software as a Service Market, By End User:
o Manufacturing
o Healthcare
o IT & Telecom
o Retail
o Education
o BFSI
o Others
• Vietnam Software as a Service Market, By Region:
o North Vietnam
o South Vietnam
o Central Vietnam

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Vietnam Software as a Service 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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