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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Data Centre Market Growth
Vietnam is experiencing significant investments in the IT and telecom sectors, resulting in the establishment of new data centres. The digital transformation of Vietnam is being significantly driven by the telecommunications sector. The information and communications technology (ICT) sector, including telecommunications, is projected to grow at a CAGR of around 1 per cent from 2021 to 2027. The sector is expected to expand further due to the increased demand for internet and telecommunication services, resulting from the digital transformation of businesses. In 2021, there were 71 million mobile broadband subscribers and nearly 19 million fixed band subscribers, representing a 4 per cent and 14.6 per cent year-on-year increase, respectively.
The use of cloud computing services is increasing in Vietnam, leading to the expansion of data centres to accommodate these services. Vietnam's cloud computing market is smaller than that of the Philippines and Indonesia, but it is experiencing the highest growth rate in Southeast Asia and is ranked third in Asia. Moreover, the rise of big data analytics and Internet of Things (IoT) applications requires extensive data storage and processing capabilities, consequently leading to market expansion. The market in Vietnam is dominated by four key domestic providers - Viettel, VNPT, FPT, and CMC - collectively holding around 97% of the market share.
Vietnam Data Centre Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 162.40 MW.
The market is estimated to grow at a CAGR of 7.6% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 313.98 MW by 2032.
The market is being driven by the rising adoption of cloud services and an increase in IT and telecom investments.
The key trends aiding the data centre market in Vietnam include government support for digital transformation and AI and machine learning integration into data centres.
Regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The major components of data centre include solution and services.
The major players in the market are CMC Telecom, FPT Telecom JSC, CHT Company Limited, VNPT Group, and KDDI Corporation, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124