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Vietnam Cyber Security Market Size, Share, Growth, Analysis: By Offering: Solutions, Services; By Deployment Mode: On-Premises, Cloud; By Organisation Size: Large Enterprises, Small and Medium Enterprise (SMEs); By Security: Network Security, Cloud Security, Others; By Industry Vertical; Regional Analysis; Competitive Landscape; 2024-2032
Vietnam Cyber Security Market Size
The Vietnam cyber security market is projected to grow at a CAGR of 12.50% between 2024 and 2032.
Vietnam Cyber Security Market Outlook
- As per the Viet Nam’s National Cyber Security Center report, there were around 14,000 cyberattacks in all the organisations in Vietnam, which boosts the demand for robust cybersecurity measures.
- As per the industry reports, around 83,000 computers and servers suffered cyberattacks between 2022 and 2023, creating an urgent demand for strengthening national security measures.
- The National Data Protection law was passed in Vietnam in 2023, under which it is prohibited to purchase and sell personal data in the country.
Vietnam Cyber Security Market Growth
The rising threats of ransomware and phishing attacks, increased adoption of cloud services, and the expansion of the IT infrastructure are some of the prominent market drivers. Vietnam's rapidly growing IT infrastructure, which includes the increase in data centres and the implementation of 5G networks, requires strong cybersecurity protocols to ensure the reliability of essential services.
The burgeoning popularity of the zero-trust security models is growing in the country due to its recognition that threats can originate from both internal and external sources. This model has emphasised the importance of verifying users and devices thoroughly to reduce the risk of unauthorised access and data breaches.
Moreover, as several organizations look to outsource their security demands to expert providers, the demand for managed security services is increasing. Managed security service providers (MSSPs) offer a comprehensive suite of services, such as threat monitoring, incident response, and compliance management.
Vietnam Cyber Security Industry Segmentation
“Vietnam Cyber Security Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Offering
- Solutions
- Identity and Access Management
- Antivirus/Antimalware
- Encryption and Tokenisation
- Compliance and Policy Management
- Firewall
- Others
- Services
Market Breakup by Deployment Mode
- On-Premises
- Cloud
Market Breakup by Organisation Size
- Large Enterprises
- Small and Medium Enterprise (SMEs)
Market Breakup by Security
- Network Security
- Cloud Security
- End Point and IOT Security
- Application Security
Market Breakup by Industry Vertical
- BFSI
- Government
- Healthcare and Life Sciences
- Aerospace and Defence
- Manufacturing
- Others
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Cyber Security Market Share
Based on industry vertical, the market is divided into BFSI, government, healthcare and life sciences, aerospace and defence, and manufacturing, among others. The BFSI sector holds a prominent market share due to the sensitive financial data as well as the large number of transactions it handles on a regular basis, which makes it sensitive to cyber-attacks. To deal with this, there is a high demand for continuous monitoring and security protocols that can maintain a robust security infrastructure in banks and other financial institutes.
Leading Companies in the Vietnam Cyber Security Market
The market players are forming partnerships with local as well as international firms to meet the evolving regulatory landscape.
- IBM Corporation
- Microsoft Corp.
- Cisco Systems Inc.
- Amazon Web Services, Inc.
- Oracle Corporation
- CMC Corp.
- Dell Inc.
- FPT Corp.
- Fortinet Inc.
- HPT Vietnam Corporation
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by Deployment Mode |
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| Breakup by Organisation Size |
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| Breakup by Security |
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| Breakup by Industry Vertical |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Cyber Security Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Cyber Security Historical Market (2018-2023)
8.3 Asia Pacific Cyber Security Market Forecast (2024-2032)
9 Vietnam Cyber Security Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Cyber Security Historical Market (2018-2023)
9.3 Vietnam Cyber Security Market Forecast (2024-2032)
10 Vietnam Cyber Security Market by Offering
10.1 Solutions
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Identity and Access Management
10.1.3.2 Antivirus/Antimalware
10.1.3.3 Encryption and Tokenisation
10.1.3.4 Compliance and Policy Management
10.1.3.5 Firewall
10.1.3.6 Others
10.2 Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Cyber Security Market by Deployment Mode
11.1 On-Premises
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cloud
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Vietnam Cyber Security Market by Organisation Size
12.1 Large Enterprises
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Small and Medium Enterprise (SMEs)
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Vietnam Cyber Security Market by Security
13.1 Network Security
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Cloud Security
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 End Point and IOT Security
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Application Security
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Vietnam Cyber Security Market by Industry Vertical
14.1 BFSI
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Government
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Healthcare and Life Sciences
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Aerospace and Defence
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Manufacturing
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Vietnam Cyber Security Market by Region
15.1 Southeast
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 Red River Delta
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 Mekong River Delta
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 South Central Coast
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
15.5 Others
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 IBM Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Microsoft Corp.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Cisco Systems Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Amazon Web Services, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Oracle Corporation
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 CMC Corp.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Dell Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 FPT Corp.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Fortinet Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 HPT Vietnam Corporation
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Cyber Security Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Cyber Security Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Cyber Security Historical Market: Breakup by Offering (USD Million), 2018-2023
4. Vietnam Cyber Security Market Forecast: Breakup by Offering (USD Million), 2024-2032
5. Vietnam Cyber Security Historical Market: Breakup by Deployment Mode (USD Million), 2018-2023
6. Vietnam Cyber Security Market Forecast: Breakup by Deployment Mode (USD Million), 2024-2032
7. Vietnam Cyber Security Historical Market: Breakup by Organisation Size (USD Million), 2018-2023
8. Vietnam Cyber Security Market Forecast: Breakup by Organisation Size (USD Million), 2024-2032
9. Vietnam Cyber Security Historical Market: Breakup by Security (USD Million), 2018-2023
10. Vietnam Cyber Security Market Forecast: Breakup by Security (USD Million), 2024-2032
11. Vietnam Cyber Security Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
12. Vietnam Cyber Security Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
13. Vietnam Cyber Security Historical Market: Breakup by Region (USD Million), 2018-2023
14. Vietnam Cyber Security Market Forecast: Breakup by Region (USD Million), 2024-2032
15. Vietnam Cyber Security Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 12.50% between 2024 and 2032.
The market is being driven due to rising threats of ransomware and phishing attacks, increased adoption of cloud services, and the expansion of the IT infrastructure.
The key trends aiding the market include the burgeoning popularity of the zero-trust security models and the rising demand for outsourcing security demands.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on organisation size, market segmentations include large enterprises and small and medium enterprise (SMEs).
Various industry verticals are BFSI, government, healthcare and life sciences, aerospace and defence, and manufacturing, among others.
The major players in the market are IBM Corporation, Microsoft Corp., Cisco Systems Inc., Amazon Web Services, Inc., Oracle Corporation¸CMC Corp., Dell Inc., FPT Corp., Fortinet Inc., and HPT Vietnam Corporation, among others.
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