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Vietnam Data Center Networking Market Size, Share, Growth: By Product: Ethernet Switches, Storage Area Network (SAN), Routers, Application Delivery Controller (ADC), Others; By End Use; BFSI, Government, Healthcare, Retail, Media and Entertainment, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Vietnam Data Center Networking Market Size
The Vietnam data center networking market is projected to grow at a CAGR of 8.40% between 2024 and 2032.
Vietnam Data Center Networking Market Outlook
- As per industry reports, the banking sector of Vietnam witnessed a growth of 14 per cent in 2023, fuelling the demand for data centre networking that consolidates customer information and financial records safely.
- As per the Economist Intelligence Unit (EIU), the total healthcare spending in Vietnam was around USD 18.5 billion in 2022, boosting the demand for a robust data center network for the storage of electronic medical records.
- The National Data Centre project, which aims to construct data centres for the storage of government data, has been approved by the Vietnam government and is likely to be finished by 2025.
Vietnam Data Center Networking Market Growth
Rapid digital transformation across various end-use sectors, growing volume of data in the country due to increased internet penetration, and favourable government incentives such as the National Data Centre Project which fuels the growth of data centers are some of the prominent market drivers.
Furthermore, the rise of e-commerce platforms, online services, and the consumption of digital content is leading to an increasing need for data center networks that are both scalable and dependable. These networks must be capable of providing uninterrupted connectivity for transactions, content distribution, and customer engagement.
The emergence of edge computing and the integration of Internet of Things (IoT) devices are transforming the networking needs of data centers as edge data centers must possess strong networking features to manage localised data processing and real-time communication with IoT devices.
Vietnam Data Center Networking Industry Segmentation
“Vietnam Data Center Networking Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Ethernet Switches
- Storage Area Network (SAN)
- Routers
- Application Delivery Controller (ADC)
- Others
Market Breakup by End Use
- BFSI
- Government
- Healthcare
- Retail
- Media and Entertainment
- Others
Market Breakup by Region
- Southeast
- Red River Delta
- Mekong River Delta
- South Central Coast
- Others
Vietnam Data Center Networking Market Share
Based on end use, the market is divided into BFSI, government, healthcare, retail, and media and entertainment, among others. The BFSI sector holds a significant market share as it deals with sensitive financial information that requires robust security measures. To ensure the data's integrity, confidentiality, and compliance with regulations, high-end networking technologies are necessary and financial enterprises are investing more resources in digital modernisation to improve customer satisfaction and streamline operations.
Leading Companies in the Vietnam Data Center Networking Market
The market players are investing in innovative networking solutions which offer low latency and high-speed rate.
- Dell Inc.
- Broadcom Inc.
- Cisco Systems Inc.
- IBM Corp.
- Intel Corporation
- HP Inc.
- Schneider Electric SE
- Fujitsu Ltd.
- NEC Corp.
- 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:
|
| Breakup by Product |
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| Breakup by End Use |
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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 Data Center Networking Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Data Center Networking Historical Market (2018-2023)
8.3 Asia Pacific Data Center Networking Market Forecast (2024-2032)
9 Vietnam Data Center Networking Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Data Center Networking Historical Market (2018-2023)
9.3 Vietnam Data Center Networking Market Forecast (2024-2032)
10 Vietnam Data Center Networking Market by Product
10.1 Ethernet Switches
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Storage Area Network (SAN)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Routers
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Application Delivery Controller (ADC)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Vietnam Data Center Networking Market by End Use
11.1 BFSI
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Government
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Healthcare
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Retail
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Media and Entertainment
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Vietnam Data Center Networking Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Dell Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Broadcom Inc.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Cisco Systems Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 IBM Corp.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Intel Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 HP Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Schneider Electric SE
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Fujitsu Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 NEC Corp.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Data Center Networking Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Data Center Networking Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Data Center Networking Historical Market: Breakup by Product (USD Million), 2018-2023
4. Vietnam Data Center Networking Market Forecast: Breakup by Product (USD Million), 2024-2032
5. Vietnam Data Center Networking Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Vietnam Data Center Networking Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Vietnam Data Center Networking Historical Market: Breakup by Region (USD Million), 2018-2023
8. Vietnam Data Center Networking Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Vietnam Data Center Networking Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 8.40% between 2024 and 2032.
The market is being driven due to rapid digital transformation across various end-use sectors, the growing volume of data in the country due to increased internet penetration, and favourable government incentives.
The key trends aiding the Vietnam data center networking market include the rise of e-commerce platforms and online services, the emergence of edge computing and the integration of Internet of Things (IoT) devices.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on product, market segmentations include ethernet switches, storage area network (SAN), routers, and application delivery controller (ADC), among others.
Various end uses are BFSI, government, healthcare, retail, and media and entertainment, among others.
The major players in the market are Dell Inc., Broadcom Inc., Cisco Systems Inc., IBM Corp., Intel Corporation, HP Inc., Schneider Electric SE, Fujitsu Ltd., and NEC Corp., among others.
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