Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "Vietnam Data Center Networking Market, By Region, Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
Vietnam Data Center Networking Market was valued at USD 501 Million in 2023 and is expected to reach USD 789 Million by 2029 with a CAGR of 7.71%
Companies in this market are focused on developing advanced technologies like software-defined networking (SDN), network function virtualization (NFV), and high-speed interconnects to enhance data center efficiency and flexibility. As businesses increasingly rely on data centers for critical operations, the market is expected to expand, driven by innovations that address the evolving needs of data management and connectivity.
Growing Adoption of Cloud Services
The growing adoption of cloud services is a significant trend in the Vietnam Data Center Networking market. As businesses and organizations increasingly migrate to cloud-based solutions for their IT needs, data centers play a pivotal role in supporting these services. Cloud computing offers numerous benefits, including scalability, cost-efficiency, and flexibility, which are driving its widespread adoption across various sectors in Vietnam.
Vietnamese companies, ranging from startups to established enterprises, are leveraging cloud platforms to enhance their operational efficiency, reduce IT costs, and improve their ability to innovate. The rise in cloud adoption is closely linked to the need for data centers to provide robust, reliable, and high-performance networking solutions to support cloud infrastructure.
This trend is evident in the expansion of cloud service providers and the establishment of new data centers in the region. Major international cloud providers, as well as local players, are investing in data center infrastructure to meet the growing demand for cloud services. These investments are aimed at enhancing data center capabilities, such as increasing data processing power, improving storage solutions, and ensuring high-speed connectivity.
Additionally, the shift towards hybrid and multi-cloud environments is influencing the data center networking market. Organizations are adopting hybrid cloud models that combine private and public cloud services to optimize their IT resources. This trend requires data centers to support seamless integration and connectivity between different cloud environments, necessitating advanced networking solutions.
Increased Focus on Data Security and Compliance
Another prominent trend in the Vietnam Data Center Networking market is the increased focus on data security and compliance. As data breaches and cyber threats become more prevalent, organizations are placing greater emphasis on protecting sensitive information and ensuring compliance with data protection regulations.
In response to the growing threat landscape, data centers are investing heavily in advanced security technologies and practices to safeguard data. This includes implementing robust firewalls, intrusion detection systems, encryption methods, and multi-factor authentication to protect against unauthorized access and cyberattacks. Additionally, data centers are adopting security best practices and standards, such as those outlined in the ISO/IEC 27001 framework, to enhance their security posture.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 88 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $501 Million |
| Forecasted Market Value (USD) by 2029 | $789 Million |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Vietnam |
Report Scope:
Key Market Players
- Cisco Systems, Inc.
- Hewlett Packard Enterprise Company
- Huawei Technologies Co., Ltd.
- Broadcom Inc.
- Intel Corporation
- IBM Corporation
- Nokia Corporation
- Arista Networks, Inc.
- Juniper Networks, Inc.
Vietnam Data Center Networking Market, By Component Type:
- Ethernet Switches
- Router
- Storage Area Network (SAN)
- Application Delivery Controller (ADC)
- Others
Vietnam Data Center Networking Market, By Services:
- Installation & Integration
- Training & Consulting
- Support & Maintenance
Vietnam Data Center Networking Market, By End User:
- IT & Telecommunication
- BFSI
- Government
- Media & Entertainment
- Others
Vietnam Data Center Networking Market, By Region:
- Southern Vietnam
- Northern Vietnam
- Central Vietnam
For more information about this report visit https://www.researchandmarkets.com/r/1l7rct
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
