Vietnam Data Center Rack Market Report and Forecast 2025-2034

Vietnam Data Center Rack Market Size

The Vietnam data center rack market is projected to grow at a CAGR of 7.90% between 2025 and 2034.

Vietnam Data Center Rack Market Outlook

• As per the industry reports, for 2023, Vietnam required around 5 new data center facilities consisting of 2000 racks each year to meet the growing demand for data in the country.

• The first National Data Centre (NDC1) under the National Data Center Project is expected to be built at Hoa Lac High-Tech Park, Hanoi City and is estimated to have one data centre with 1,000 racks and the other with 300 racks.

• Viettel, the telecommunications group owned by the Vietnamese military, opened its 14th data center at the Hoa Lac Hi-Tech Park in Hanoi on April 10, 2024. This facility accommodates 60,000 servers, and more than 2,400 racks and is the largest data center in Vietnam.

Vietnam Data Center Rack Market Growth

Increased expansion of data centers in Vietnam to meet the growing volume of data, demand for robust racks among cloud service providers, and growth of edge computing which fuels the need for compact data center racks are some of the prominent market drivers.

Ongoing investments in telecommunications infrastructure such as 5G networks are increasing the demand for data centers and racks as telecommunication operators require reliable racks to support their network equipment and servers. Furthermore, Viettel telecom company, which opened the largest data center in the country in Hanoi in April 2024 announced that it plans to open around 3 new data centers in the next years, which can offer plenty of growth opportunities for the market.

Vietnam Data Center Rack Industry Segmentation

“Vietnam Data Center Rack Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Solutions

• Services

Market Breakup by Rack Type

• Open Frame

• Cabinets

Market Breakup by Data Center Size

• Large Data Centers

• Small and Medium Data Centers

Market Breakup by Rack Height

• 42U and Below

• 43U to 52U

• Above 52U

Market Breakup by Industry Vertical

• BFSI

• Government and Defence

• IT and Telecom

• Retail

• Manufacturing

• Energy and Utilities

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Data Center Rack Market Share

Based on industry vertical, the market is divided into BFSI, government and defence, IT and telecom, retail, manufacturing, and energy and utilities, among others. The IT and telecom sector is anticipated to witness robust growth in the coming years due to rising demand for data storage and processing for managing telecommunications networks, offering cloud services, and maintaining digital platforms. Additionally, with the growth of cloud computing and data hosting services, IT companies require robust data center infrastructure, which includes racks and networking device storage.

Leading Companies in the Vietnam Data Center Rack Market

The market participants are investing in energy-efficient data centers to meet the evolving regulatory landscape.

• Eaton Corporation

• Dell Inc.

• Delta Electronics, Inc.

• Schneider Electric SE

• Rittal GmbH & Co. KG

• Fujitsu Ltd.

• Legrand S.A.

• Vertiv Group Corp.

• Norden Vietnam Pte Ltd.

• Nhan Sinh Phuc Company Limited

• Others

Key Highlights of the Report