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Vietnam Data Center Rack Market Size, Share, Growth, Trends: By Component: Solutions, Services; By Rack Type: Open Frame, Cabinets; By Data Center Size: Large Data Centers, Small and Medium Data Centers; By Rack Height: 42U and Below, 43U to 52U, Above 52U; By Industry Vertical; Regional Analysis; Competitive Landscape; 2024-2032
Vietnam Data Center Rack Market Size
The Vietnam data center rack market is projected to grow at a CAGR of 7.90% between 2024 and 2032.
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 2024-2032” 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
| 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 Component |
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| Breakup by Rack Type |
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| Breakup by Data Center Size |
|
| Breakup by Rack Height |
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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 Data Center Rack Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Data Center Rack Historical Market (2018-2023)
8.3 Asia Pacific Data Center Rack Market Forecast (2024-2032)
9 Vietnam Data Center Rack Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Data Center Rack Historical Market (2018-2023)
9.3 Vietnam Data Center Rack Market Forecast (2024-2032)
10 Vietnam Data Center Rack Market by Component
10.1 Solutions
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Services
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Vietnam Data Center Rack Market by Rack Type
11.1 Open Frame
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cabinets
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Vietnam Data Center Rack Market by Data Center Size
12.1 Large Data Centers
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Small and Medium Data Centers
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Vietnam Data Center Rack Market by Rack Height
13.1 42U and Below
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 43U to 52U
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Above 52U
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
14 Vietnam Data Center Rack Market by Industry Vertical
14.1 BFSI
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Government and Defence
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 IT and Telecom
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Retail
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 Energy and Utilities
14.6.1 Historical Trend (2018-2023)
14.6.2 Forecast Trend (2024-2032)
14.7 Others
15 Vietnam Data Center Rack 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 Value Chain Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Eaton Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Dell Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Delta Electronics, Inc.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Schneider Electric SE
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Rittal GmbH & Co. KG
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Fujitsu Ltd.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Legrand S.A.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Vertiv Group Corp.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Norden Vietnam Pte Ltd.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Nhan Sinh Phuc Company Limited
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Data Center Rack Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Data Center Rack Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Data Center Rack Historical Market: Breakup by Component (USD Million), 2018-2023
4. Vietnam Data Center Rack Market Forecast: Breakup by Component (USD Million), 2024-2032
5. Vietnam Data Center Rack Historical Market: Breakup by Rack Type (USD Million), 2018-2023
6. Vietnam Data Center Rack Market Forecast: Breakup by Rack Type (USD Million), 2024-2032
7. Vietnam Data Center Rack Historical Market: Breakup by Data Center Size (USD Million), 2018-2023
8. Vietnam Data Center Rack Market Forecast: Breakup by Data Center Size (USD Million), 2024-2032
9. Vietnam Data Center Rack Historical Market: Breakup by Rack Height (USD Million), 2018-2023
10. Vietnam Data Center Rack Market Forecast: Breakup by Rack Height (USD Million), 2024-2032
11. Vietnam Data Center Rack Historical Market: Breakup by Industry Vertical (USD Million), 2018-2023
12. Vietnam Data Center Rack Market Forecast: Breakup by Industry Vertical (USD Million), 2024-2032
13. Vietnam Data Center Rack Historical Market: Breakup by Region (USD Million), 2018-2023
14. Vietnam Data Center Rack Market Forecast: Breakup by Region (USD Million), 2024-2032
15. Vietnam Data Center Rack Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 7.90% between 2024 and 2032.
The market is being driven due to the 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.
The key trends aiding the Vietnam data center rack market include ongoing investments in telecommunications infrastructure, demand for modular racks, and innovations in rack designs.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
Based on component, market segmentations include solutions and services.
Various data center sizes are large data centers and small and medium data centers.
The major players in the market are 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., and Nhan Sinh Phuc Company Limited, among others.
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