Vietnam Data Center Server Market Report and Forecast 2024-2032

Vietnam Data Center Server Market Size

The Vietnam data center server market reached approximately USD 318.38 million in 2023. The market is projected to grow at a CAGR of 8.90% between 2024 and 2032, reaching a value of around USD 683.41 million by 2032.

Vietnam Data Center Server Market Outlook

• As per industry reports, Ho Chi Minh City and Hanoi are the two main data center hubs in Vietnam with the presence of 27 data centers, which creates a booming landscape for servers.

• The data center market in Vietnam is dominated by local telecom providers such as VNPT, Viettel IDC, and FPT Telecom which fuels the demand for servers and server racks in the telecom sector.

• Minister of Information and Communications Nguyen Manh Hung announced that as of April 2024, Vietnam houses 32 small and medium data centers, with over 20,000 racks and a total capacity of 145 megawatts.

Vietnam Data Center Server Market Growth

The growing shift towards cloud-based services which necessitates the demand for high-performance servers, the rise of data analytics, and increased investment in the telecommunication sector including the construction of new data centres and expansion of their capacities are some of the influential market drivers.

Several manufacturers in Vietnam are focusing more on developing energy-efficient designs and technologies to reduce power consumption and minimise the environmental impact of data center operations. Moreover, organisations are increasingly adopting hybrid and multi-cloud strategies to leverage the benefits of both on-premise and cloud infrastructure, which boosts the demand for servers that can seamlessly integrate across various environments and support workload mobility.

Vietnam Data Center Server Industry Segmentation

“Vietnam Data Center Server Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Rack Servers

• Blade Servers

• Micro Servers

• Tower Servers

Market Breakup by End Use

• BFSI

• Government

• IT and Telecom

• Media and Entertainment

• Others

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Data Center Server Market Share

Based on end use, the market is divided into BFSI, government, IT and telecom, and media and entertainment, among others. The IT and telecom sector accounts for a major market share as this server infrastructure is essential for telecom companies to ensure that their networks are running smoothly and efficiently. It further allows them to handle the massive amounts of data traffic that flow through their networks on a daily basis, as well as provide support for the various services that they offer to their customers.

Leading Companies in the Vietnam Data Center Server Market

The market participants are offering scalable solutions to meet the growing demand from enterprises.

• Dell Inc.

• Fujitsu Ltd.

• Cisco Systems Inc.

• IBM Corp.

• Oracle Corporation

• HP Inc.

• Kingston Technology Company Inc.

• Inspur Software Co. Ltd.

• Huawei Technologies Co., Ltd.

• NEC Corp.

• Others

Key Highlights of the Report