Product Code: ETC10084221 | Publication Date: Sep 2024 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Vietnam Serverless Computing Market is witnessing significant growth driven by the increasing adoption of cloud computing services and the demand for cost-effective and scalable solutions. Enterprises are increasingly migrating towards serverless computing to reduce operational costs, improve scalability, and enhance overall efficiency in application development and deployment. The market is characterized by the presence of key players offering a range of serverless computing services, including compute, storage, databases, and application services. Growing awareness about the benefits of serverless computing, such as reduced infrastructure management, faster time-to-market, and pay-as-you-go pricing models, is fueling market growth. Government initiatives to promote digital transformation and the increasing number of startups and small businesses leveraging cloud services are also contributing to the expansion of the Vietnam Serverless Computing Market.
The Vietnam Serverless Computing Market is experiencing rapid growth due to increased adoption of cloud services and the need for cost-effective and scalable solutions. Companies are leveraging serverless computing to streamline their operations, improve efficiency, and reduce infrastructure costs. With the rise of digital transformation initiatives in various industries, there is a growing demand for serverless computing services to support agile development and deployment of applications. Opportunities in the market include the offering of specialized serverless solutions tailored to specific industry needs, partnerships with cloud service providers to enhance service offerings, and the development of serverless platforms that cater to the unique requirements of Vietnamese businesses. As organizations in Vietnam continue to embrace cloud technology, the serverless computing market is poised for continuous expansion and innovation.
The Vietnam Serverless Computing Market faces several challenges, including limited awareness and understanding of serverless technology among businesses, lack of skilled professionals to develop and manage serverless applications, concerns about data security and compliance in a serverless environment, and potential vendor lock-in issues. Additionally, the relatively nascent stage of serverless adoption in Vietnam means that there is a scarcity of best practices and case studies to guide organizations in implementing serverless solutions effectively. Overcoming these challenges will require education and training initiatives, increased collaboration between industry stakeholders, and the development of robust security measures to build trust in serverless computing among businesses in Vietnam.
The Vietnam Serverless Computing Market is primarily driven by the increasing adoption of cloud computing services, the growing demand for cost-effective and scalable computing solutions, and the rise of digital transformation initiatives among businesses in the country. Serverless computing offers several benefits including reduced operational costs, improved resource utilization, and faster time-to-market for applications. Additionally, the proliferation of Internet of Things (IoT) devices and the need for real-time data processing are also driving the demand for serverless computing services in Vietnam. Furthermore, the availability of advanced technologies and a supportive regulatory environment are further propelling the growth of the serverless computing market in the region.
The Vietnam government has been actively promoting the adoption of cloud computing technologies, including serverless computing, to drive digital transformation and innovation in various sectors. Policies such as the National Digital Transformation Program and the National Strategy for the Fourth Industrial Revolution emphasize the importance of leveraging cloud services to enhance efficiency and competitiveness. Additionally, the government has been working on improving the regulatory environment to facilitate the growth of the serverless computing market, including initiatives to enhance data privacy and cybersecurity regulations. Overall, the government`s supportive policies and initiatives are expected to boost the adoption of serverless computing in Vietnam and pave the way for further development in the digital economy.
The Vietnam Serverless Computing Market is expected to experience significant growth in the coming years due to the increasing adoption of cloud technologies and the rising demand for cost-effective and scalable computing solutions. Factors such as the proliferation of internet-connected devices, digital transformation initiatives across industries, and the need for agile and efficient software development practices are driving the market forward. As organizations in Vietnam seek to optimize their IT infrastructure and streamline their operations, serverless computing offers a compelling solution by allowing them to focus on building and deploying applications without the need to manage underlying infrastructure. With a growing number of enterprises recognizing the benefits of serverless architecture in terms of flexibility, scalability, and cost savings, the market is poised for expansion in the foreseeable future.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Serverless Computing Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Serverless Computing Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Serverless Computing Market - Industry Life Cycle |
3.4 Vietnam Serverless Computing Market - Porter's Five Forces |
3.5 Vietnam Serverless Computing Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.6 Vietnam Serverless Computing Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Vietnam Serverless Computing Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Vietnam Serverless Computing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of cloud computing technologies in Vietnam |
4.2.2 Growing demand for cost-effective and scalable IT solutions |
4.2.3 Rise in the number of startups and SMEs looking for flexible computing resources |
4.3 Market Restraints |
4.3.1 Concerns about data security and privacy in serverless computing |
4.3.2 Limited awareness and understanding of serverless computing among businesses in Vietnam |
5 Vietnam Serverless Computing Market Trends |
6 Vietnam Serverless Computing Market, By Types |
6.1 Vietnam Serverless Computing Market, By Service |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Serverless Computing Market Revenues & Volume, By Service, 2021- 2031F |
6.1.3 Vietnam Serverless Computing Market Revenues & Volume, By Professional, 2021- 2031F |
6.1.4 Vietnam Serverless Computing Market Revenues & Volume, By Managed, 2021- 2031F |
6.2 Vietnam Serverless Computing Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Serverless Computing Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.2.3 Vietnam Serverless Computing Market Revenues & Volume, By Multi-Cloud, 2021- 2031F |
6.3 Vietnam Serverless Computing Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Serverless Computing Market Revenues & Volume, By IT & Telecommunication, 2021- 2031F |
6.3.3 Vietnam Serverless Computing Market Revenues & Volume, By BFSI, 2021- 2031F |
6.3.4 Vietnam Serverless Computing Market Revenues & Volume, By Retail, 2021- 2031F |
6.3.5 Vietnam Serverless Computing Market Revenues & Volume, By Government, 2021- 2031F |
6.3.6 Vietnam Serverless Computing Market Revenues & Volume, By Industrial, 2021- 2031F |
7 Vietnam Serverless Computing Market Import-Export Trade Statistics |
7.1 Vietnam Serverless Computing Market Export to Major Countries |
7.2 Vietnam Serverless Computing Market Imports from Major Countries |
8 Vietnam Serverless Computing Market Key Performance Indicators |
8.1 Average latency in serverless applications |
8.2 Number of active serverless functions deployed |
8.3 Rate of serverless architecture implementation in new IT projects |
9 Vietnam Serverless Computing Market - Opportunity Assessment |
9.1 Vietnam Serverless Computing Market Opportunity Assessment, By Service, 2021 & 2031F |
9.2 Vietnam Serverless Computing Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Vietnam Serverless Computing Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Vietnam Serverless Computing Market - Competitive Landscape |
10.1 Vietnam Serverless Computing Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Serverless Computing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |