Dublin, June 28, 2022 (GLOBE NEWSWIRE) -- The "Vietnam Cyber Security Market, By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Content Security, Others), By Solution Type, By Deployment Mode, By End-User Industry, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Vietnamese Cyber Security Market stood at USD0.142 billion in 2020 and is projected to grow with a CAGR of 16.52% to reach the value of USD0.350 billion in 2026.
Increasing spending by leading authorities on the development of the IT infrastructure of the country, growing high-speed internet penetration, and the rise in the entry of international market players are the primary factors driving the growth of the Vietnamese Cyber Security Market in the forecast period.
The surge in the number of people spending time on social media platforms is making personal information vulnerable to cyberattacks. The proliferation of smart devices and availability of connected devices, which makes the information accessible to users through smart devices, is generating large volumes of data.
High adoption of cloud computing services by the organizations to lower the operational and maintenance costs and eliminate the need for investments required for buying capital and setting up infrastructure in office premises is creating growth opportunities for the Vietnamese Cyber Security Market.
Favorable government initiatives such as "Make in Vietnam" and cybersecurity laws to support the cybersecurity industry and the implementation of Security Operation Center (SOC) in all government institutions are expected to boost the growth of the Vietnamese Cyber Security Market.
The BFSI industry is expected to hold the largest market share in the forecast period, 2022-2026. BFSI industry consists of critical information of the consumers, and the leak of such information can result in huge economic loss. Digitalization of the BFSI industry, offering of customer-friendly services like net banking, payment gateways, mobile applications, and the continuous up-gradation of the existing infrastructure are bolstering the growth of the Vietnamese Cyber Security Market throughout the forecast period.
Report Scope:
In this report, the Vietnamese Cyber Security Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Vietnam Cyber Security Market, By Security Type
- Network Security
- Application Security
- Cloud Security
- Endpoint Security
- Content Security
- Others
Vietnam Cyber Security Market, By Solution Type
- Firewall
- Antivirus and Anti-Malware
- Risk and Compliance Management
- Identity and Access Management
- Unified Threat Management
- Data Loss Prevention
- Encryption and Decryption
- Intrusion Detection/Prevention System
- Infrastructure Security
- Others
Vietnam Cyber Security Market, By Deployment Mode
- Cloud
- On-premise
Vietnam Cyber Security Market, By End-User Industry
- BFSI
- IT & Telecom
- Retail
- Government and Defense
- Healthcare
- Education Technology
- Others
Vietnam Cyber Security Market, By Region
- Northern Vietnam
- Southern Vietnam
- Central Vietnam
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Impact of COVID-19 on Vietnam Cyber Security Market
4. Executive Summary
5. Voice of Customer
6. Vietnam Cyber Security Market Outlook
7. Vietnam Network Security Market Outlook
8. Vietnam Application Security Market Outlook
9. Vietnam Cloud Security Market Outlook
10. Vietnam Endpoint Security Market Outlook
11. Vietnam Content Security Market Outlook
12. Market Dynamics
13. Market Trends and Developments
14. Policy and Regulatory Landscape
15. Vietnam Economic Profile
16. Competitive Landscape
17. Strategic Recommendations
18. About the Publisher & Disclaimer
Companies Mentioned
- FPT Corporation
- Viettel Cyber Security Company
- Vietnam Posts and Telecommunications Group
- SAP Asia (Vietnam) Co. Ltd.
- IBM Vietnam Company Ltd.
- Microsoft Vietnam Limited Liability Company
- Amazon Web Services Vietnam Company Limited
- Cisco Systems Vietnam Ltd.
- Salesforce.com, Inc.
- HPT Vietnam Corporation
- CMC Corporation
- CrowdStrike Holdings
- Accenture, Inc.
- McAfee, LLC
- FireEye, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/19f82a
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