Vietnam Cyber Security Market (2020-2026) | Analysis, Size, Share, Growth, Revenue, Forecast, Trends, industry, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Vietnam Cyber Security Market

Adoption of cloud-based security solutions, partnership and collaboration, growing government regulations, rising cyber threats, and the rising demand for managed security services are some developments going on in the Vietnam Cyber Security Market and these developments will play a crucial role in the growth of the sector. The sector is anticipated to rise in the future on the back of the rising cyber threats in the nation. The government of the nation is investing in cyber security in order to secure essential infrastructure which includes banking and finance, transportation, and healthcare.

Cloud-based security solutions are attaining popularity in the country since they offer affordability and flexibility. This trend is likely to continue in the years to come since more players are adopting cloud-based services. Cyber security players in the nation are partnering with international players in order to increase their customer base and improve product offerings. For instance, in 2020, cyber security firm BKAV in Vietnam signed a partnership agreement with Hitachi Systems with is a company based in Japan in order to provide cyber security solutions to Japanese players operating in Vietnam. The government of the country introduced new regulations, which aid in the Vietnam Cyber Security Market Growth.

Vietnam cyber security market Synopsis

Vietnam cyber security market is expected to register significant growth projections in the coming time zone underpinned by an increase in the deployment of the product as a result of an increase in the unveiling of the true potential and the benefits which can be reaped by the product deployment, along with the we-based security which can be reaped by the integration and adoption of the Cyber security, the Vietnam cyber security market anticipated to flourish with sound growth prospects in the forthcoming years. Further, an acceleration in the digital transition platforms is leading to an increase in the increased use of digital platforms which tend to outperform a business application and is proving evident for the long-term success and globalized connectivity approach for businesses with customers. But, along with this increased adoption, it is also leading to a rise in digital threats which are continuously evolving and intensifying leading to phishing of customers, site spoofing and impersonating business landscape and leading to a rise in the wreaking of havoc amongst the digital business lives as a result of being weaponized by attackers and hence, is leading to an increase in the deployment Cyber security which is no doubt, expected to be a growth proliferating factor for the superstitious growth of the global Cyber security market in the coming timeframe.

According to 6Wresearch, the Vietnam Cyber Security Market size is anticipated to register growth during 2020-2026. The outbreak of the global COVID-19 pandemic has no doubt, led to disruptions in the economy globally and has impacted various sectors globally also. The industrial sector has been highly impacted as a result of disruptions in the production cycle as a result of nationwide lockdown imposed over in the developed and developing economies across the world, as the Regions ramp up to win the bid to combat the spread of the novel coronavirus. The advent of the digital world has led to an increase in the demand for data and as a result, has imposed pressure on the installation of superior software-based security infrastructure to align the supply chain with the rising demand in the economy. This is expected to bring in bountiful opportunities for the Vietnam cyber security market to witness a spur in the coming year 2021 and is anticipated to leave a positive impact on the overall market growth of the Vietnam cyber security market in the next five to ten years.

Further, the market is anticipated to register significant revenue growth in the coming time zone underpinned by deeper penetration of digitalization in the developing and developed economies across the region. The era of digitalization has posed bountiful opportunities in the face of the technological gradation and advancement adoption across various industrial applications and as a result, is leading to the exposure of digital platforms towards digital threats which are posing a great need for security to be followed for the long-term success of digital business platforms and is expected to be a catalyst in the overall market growth of the Vietnam cyber security market in the forthcoming years.

The Vietnam Cyber security market report thoroughly covers the market by Product, End-user Industry, Deployment Mode and key Regions. The Vietnam Cyber security market outlook report provides an unbiased and detailed analysis of the ongoing Vietnam Cyber security market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Cyber Security Market: Key Players

The sector is becoming enormous since there is a rising demand for cyber security in the country. Companies operating in the sector play an important role in the growth of the sector and some essential players in the market include:

• FPT Corporation
• Viettel Cyber Security
• Bkav Corporation
• CMC Corporation
• VNPT Technology
• HPT Cyber Security

Key Highlights of the Report:

• Vietnam Cyber security Market Overview
• Vietnam Cyber Security Market Outlook
• Vietnam Cyber Security Market Forecast
• Historical Data of Vietnam Cyber security Market Revenues for the Period 2016-2019
• Vietnam Cyber Security Market Size and Vietnam Cyber Security Market Forecast of Revenues, Until 2026
• Historical Data of Vietnam Cyber Security Market Revenues, by Product, for the Period 2016-2019
• Market Size & Forecast of Vietnam Cyber Security Market Revenues, by Product, Until 2026
• Historical Data of Vietnam Cyber Security Market Revenues, by Deployment Mode, for the Period 2016-2019
• Market Size & Forecast of Vietnam Cyber Security Market Revenues, by Deployment Mode, Until 2026
• Historical Data of Vietnam Cyber Security Market Revenues, by Regions, for the Period 2016-2019
• Market Size & Forecast of Vietnam Cyber Security Market Revenues, by Regions, Until 2026
• Market Drivers and Restraints
• Vietnam Cyber Security Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Vietnam Cyber Security Market Share, By Players
• Vietnam Cyber Security Market Share, By Regions
• Vietnam Cyber security Market Overview on Competitive Benchmarking

Markets Covered

The Vietnam Cyber Security Market report provides a detailed analysis of the following market segments:

• By Product type:

  • Solutions
    • Identity & Access Management
    • Threat Detection & Prevention
    • DDoS & Mitigation
    • IDS
    • Security Information & Event Management
    • Others
  • Services

By End-user industry:

• Manufacturing
• Retail
• IT & Telecom
• Aerospace & Defense
• Healthcare
• Utility
• Others

By Deployment Mode:

• On-premises
• Cloud

Vietnam Cyber Security Market: FAQs