
Vietnam Data Center Market Report Includes Size in Terms of
Get Insights on 24 Existing Data Centers and 07 Upcoming Facilities across Vietnam
Report Attribute | Details |
---|---|
Market Size (2028) | USD 1037 Million |
MARKET SIZE (AREA) | 198 thousand sq. Feet (2028) |
MARKET SIZE (POWER CAPACITY) | 42 MW (2028) |
CAGR INVESTMENT (2022-2028) | 10.78% |
HISTORIC YEAR | 2021 |
BASE YEAR | 2022 |
FORECAST YEAR | 2023-2028 |
The Vietnam data center market size will witness investments of USD 1037 million by 2028, growing at a CAGR of 10.68% during the forecast period. The country is witnessing growth in cloud adoption by various industry verticals, such as enterprises, government agencies, and education sectors. For instance, in November 2022, Ho Chi Minh City Securities Corporation (HSC) and Gimasys adopted the Google Cloud platform to increase the reliability and efficiency of their operations. Some factors, such as government strategies, digitalization initiatives, growing fiber connectivity, and 5G deployment, are driving the Vietnam data center market.
In Vietnam, telecom operators Viettel, Mobifone, and VNPT have received a license from the Ministry of Information and Communication (MIC) to do 5G trials in 16 cities and is planning to provide the 5G network services across the country by 2030. The Vietnam data center market is a growing market in the Southeast Asian region and has the presence of prominent global-based cloud service providers, which include Amazon Web Services (AWS), Google Cloud, and Microsoft, and local cloud-based service providers such as Viettel IDC, VNPT, CMC Telecom, and FPT Telecom. In 2022, Amazon Web Services (AWS) launched edge data centers in Hanoi and Ho Chi Minh City in Vietnam.
Vietnam's major renewable energy producers are solar, wind, and hydro. The country focuses on producing renewable energy that aims to generate more than 40% of renewable energy in the total power generated by 2050. According to Accenture, in Vietnam, around 60% of the organizations operating in financial and banking sectors made various trials for using Artificial Intelligence and its applications.
Industrial parks and Free Trade Zones (FTZs) attract operators to invest in Vietnam by enabling various tax incentives for data center construction. In April 2022, Gaw Capital Partners acquired land of around 65,000 square feet in Saigon Hi-Tech Park, Vietnam, to develop a data center facility.
This report analyses the Vietnam data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:
Frequently Asked Questions
How much is the Vietnam data center market investment expected to grow?
The Vietnam data center market is expected to witness a year-over-year investment of USD 1037 million by 2028.
What is the growth rate of the Vietnam data center market?
The Vietnam data center market share is growing at a CAGR of 10.68% from 2022 to 2028.
Who are the key investors in the Vietnam data center market?
FPT Telecom, Viettel IDC, CMC Telecom, HTC Telecom International (ECODC), NTT Global Data Centers, VNG Cloud, VNPT, VNTT, and Telehouse are the key investors in Vietnam Data Center Market.
What are the driving factors for the Vietnam data center market?
The factors driving the Vietnam data center market include adopting cloud-based services, digitalization, deploying 5G network connectivity, big data & Internet of Things (IoT) technologies, AI adoption, and renewable energy procurement.
How many existing and upcoming data center facilities exist in Vietnam?
There are 24 existing and seven upcoming data center facilities in the industry.
The Vietnam data center market size will reach USD 1037 million by 2028, growing at a CAGR of 10.68% from 2022 to 2028.
The following factors are likely to contribute to the growth of the Vietnam data center market during the forecast period:
Base Year: 2022
Forecast Year: 2023-2028
The report considers the present scenario of the Vietnam data center market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market.
The report includes the investment in the following areas:
Major Vendors
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
New Entrants
Chapter 1 Existing & Upcoming Third-Party Data Centers In Vietnam
Chapter 2 Investment Opportunities In Vietnam
Chapter 3 Data Center Colocation Market In Vietnam
Chapter 4 Market Dynamics
Chapter 5 Market Segmentation
Chapter 6 Tier Standard Investment
Chapter 7 Key Market Participants
Chapter 8 Appendix
LIST OF EXHIBITS
LIST OF TABLES
CATEGORIES
GET SAMPLES BEFORE PURCHASE
REPORTS
GET SAMPLES BEFORE PURCHASE
COUNTRIES
GET SAMPLES BEFORE PURCHASE
VENDORS
GET SAMPLES BEFORE PURCHASE
The exclusive and most exhaustive research report
Reflect the most authentic market sentiments
Continous update with new content and analysis
The reports are best value for money