Vietnam cloud storage market size is projected to exhibit a growth rate (CAGR) of 21.80% during 2024-2032. The rising number of data, along with the inflating need for serverless cloud, is primarily driving the market growth.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 21.80% |
Cloud storage is a facet of cloud computing in which data is housed on distant servers and accessed via the internet or dedicated private network links. These servers are overseen and operated by cloud storage service providers, ensuring data accessibility and security. It provides the advantages of immediate, automated data backup and safeguarding against theft and natural disasters, while also curtailing expenditures related to server upkeep and management. Furthermore, it presents a cost-efficient and scalable alternative to traditional file storage on on-site hard drives or network-based storage systems. Consequently, cloud storage has widespread utility across a spectrum of industries, including but not limited to manufacturing, telecommunications, media and entertainment, and information technology (IT).
The Vietnam cloud storage market is experiencing significant growth driven by various factors. One of the primary drivers is the exponential increase in data generation, duplication, and consumption. This surge in data volume, combined with the thriving banking, financial services, and insurance (BFSI) sector, plays a pivotal role in propelling market growth. Furthermore, cloud storage solutions are finding widespread use in the healthcare industry due to their ability to provide easy access to electronic medical records (EMR). This accessibility is crucial for efficient patient diagnosis and treatment. Cloud storage also offers real-time data backup for medical records, ensuring rapid data recovery in cases of hardware failure, power outages, or data breaches, thus minimizing disruptions in patient care. Apart from this, the increasing automation across various industry verticals worldwide is another significant driver of market growth. Moreover, the adoption of remote work, driven by the COVID-19 pandemic and subsequent lockdowns in many countries, has accelerated the demand for cloud storage solutions. Additionally, the rising popularity of serverless cloud, which eliminates the need for leasing servers or paying for fixed storage and bandwidth amounts, is anticipated to further boost market growth. These factors collectively create a positive outlook for the Vietnam cloud storage market as it continues to evolve and meet the growing demand for data storage and accessibility.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component, deployment type, user type, and industry vertical.
Component Insights:
The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services.
Deployment Type Insights:
A detailed breakup and analysis of the market based on the deployment type have also been provided in the report. This includes private, public, and hybrid.
User Type Insights:
The report has provided a detailed breakup and analysis of the market based on the user type. This includes large enterprises and small and medium-sized enterprises.
Industry Vertical Insights:
A detailed breakup and analysis of the market based on the industry vertical have also been provided in the report. This includes BFSI, government and public sector, healthcare, IT and telecom, retail, manufacturing, media and entertainment, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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Components Covered | Solution, Services |
Deployment Types Covered | Private, Public, Hybrid |
User Types Covered | Large Enterprises, Small and Medium-sized Enterprises |
Industry Verticals Covered | BFSI, Government and Public Sector, Healthcare, IT and Telecom, Retail, Manufacturing, Media and Entertainment, Others |
Regions Covered | Northern Vietnam, Central Vietnam, Southern Vietnam |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |