Technology
Vietnam Cyber Security Industry Outlook to 2023: Ken Research
The report titled “Vietnam Cyber Security Industry Outlook to 2023 – By Solutions (Firewall & UTM, Intrusion Detection System, Antivirus and Others), By End Users (Banking & Finance, Government, IT & Telecom, Retail, and Others), By Import and Domestic Security Solutions, By Security (Network Security, Application Security, End-Point Security, Mobile & Wireless Security, Content Security, and Cloud Security)" provides
a comprehensive analysis of cybersecurity services and solutions in
Vietnam. The report focuses on the overall market size for cybersecurity
services and solutions in Vietnam; Vietnam cybersecurity market
segmentation by Type of Solutions (Firewall & UTM, Intrusion
Detection System, Antivirus, Identity and Access Management, Encryption,
Data Loss Prevention, Disaster Recovery, and IoT Devices), By Type of
Security (Network Security, Application Security, End-Point Security,
Mobile & Wireless Security, Content Security, and Cloud Security), By
End Users (Banking & Finance, Government, IT & Telecom, Retail,
Healthcare, Energy & Power, Private User and Others). The report
also covers the overall comparative landscape, Major cyber attacks in
Vietnam, Snapshot of the cybersecurity market in ASEAN countries, trends
and growth drivers, issues and challenges, decision making parameters,
technologies used in the cybersecurity market, SWOT analysis and
Government regulations in the market. The report concludes with future
projections for all the segments described above and analyst
recommendations highlighting the major opportunities and cautions for
the Vietnam cybersecurity industry.
Vietnam Cyber Security Outlook |
Vietnam Cyber Security Market Overview and Size
The
cybersecurity market in Vietnam is at a growth stage and has huge
potential to grow in the country. The industry has showcased tremendous
growth in terms of revenues. The growth isn’t only because of increasing
cybercrimes in the country, but also because of the development in the
economy and increasing digital presence across different sectors such
as IT, Banking, Education, Small and Medium Enterprises and several
others. The growing internet penetration in the country was observed
contributing to the cybersecurity market with the growing cyber crimes
on the internet.
Vietnam Cyber Security Market Segmentation
By Imported and Domestic Security Services and Solutions: The
Imported Services & Solutions dominated the cybersecurity market
in Vietnam during 2018 owing to limited solutions offered by domestic
companies present in Vietnam. It was witnessed that, the Vietnamese
business enterprises and the home users prefer buying security solutions
from the international companies and the domestic companies are highly
preferred in the case of cybersecurity services.
By
Type of Solutions (Firewall & UTM, Intrusion Detection System,
Antivirus, Identity and Access Management, Encryption, Data Loss
Prevention, Disaster Recovery, and IoT Devices): The Firewall
& Unified Threat Management (UTM) captured the majority of the
market share in terms of revenue during 2018. UTM is the most common
security solutions and includes Firewall, Antivirus, Intrusion Detection the system, Email Security, Web Content security and others. The remaining
market share was captured by the Intrusion detection system, Antivirus,
Identity and access management and other solutions during 2018.
By
End Users (Banking & Finance, Government, IT & Telecom, Retail,
Healthcare, Energy & Power, Private User and Others): Vietnam
cybersecurity market during 2018 was majorly dominated by the Banking
and the Financial services end-user segment due to the high requirement
of the security services and solutions for this industry as they deal
with highly confidential user data and monetary transactions. The
remaining market share was captured by the government, IT, retail,
healthcare, energy& power, private users and other end users during
2018.
By
Type of Security (Network Security, Application Security, End-Point
Security, Mobile & Wireless Security, Content Security, and Cloud
Security): The network security is demanded by both the
business enterprises and home users. It captured the majority market
share in terms of revenue in the Vietnam cybersecurity market during
the year 2018. Network security is the most demanded security in Vietnam
as it protects the network and data and includes solutions such as
Firewall, Antivirus and many more. The remaining market share was
captured by application security, end-point security, mobile &
wireless security, content security, and cloud security during the year
2018 in Vietnam.
Vietnam Cyber Security Competition Overview
Vietnam
cybersecurity market was observed to be moderately fragmented in
nature with the presence of both international as well as domestic
players in the services and solutions segment. Some of the major companies
such as Juniper Network, Cisco, Check Point Software Technologies,
Symantec Corporation was witnessed to lead in terms of market share,
followed by Hewlett Packard Enterprise Development LP, Kaspersky,
Fortinet, CMC Corporation and others. The cybersecurity solution
providers in Vietnam compete on the basis of the cost of the security
solutions, technological advancements, product offerings, supply chain
management, after-sales services and a number of clientele.
Vietnam Cyber Security Future Outlook and Projections
Cyber Security Outlook and Projections
Over
the forecast period 2019-2023, the Vietnam cybersecurity market is
predicted to grow in terms of revenue owing to the potential rise in the
cybercrimes in the country. Apart from the consistent growth in the
corporate market, the Security services and Solutions sales in the
Vietnam was observed to be driven by an increase in the Sophisticated Cyber
threats, Digital development of SMEs and a few other factors. The trend
is expected to stay the same in the near future and with the introduction of
new cybersecurity law by the Vietnamese government, investment in
cybersecurity solutions and services is bound to increase.
Key Segments Covered:-
Cyber
Security Market
By
Imported & Domestic Security Solutions
Imported Services and
Solutions
Domestic Services and Solutions
By
Type of Solutions:-
Firewall and Unified Threat
Management (UTM)
Intrusion Detection System
(IDS/IPS)
Antivirus/Antimalware
Identity and Access Management
(IAM)
Encryption
Data Loss Prevention (DLP)
Disaster Recovery
IoT Devices
By
End-User:-
Banking & Finance
Government
IT & Telecom
Retail
Healthcare
Energy & Power
Private Use
Others
By
Type of Security:-
Network Security
Application Security
End- Point Security
Mobile & Wireless Security
Content Security
Cloud Security
Key
Target Audience:-
Banks and Financial
Institutions
Government Organizations
Retail Companies
Hospitals and Clinics
Airports
Cloud Computing Services
Companies
IT- Companies
Home Users
Time
Period Captured in the Report:-
Historical
Period - 2013-2018
Forecast
Period - 2019-2023E
Major Companies Covered:-
Juniper Network
Cisco
Check Point Software
Technologies Ltd
Symantec Corporation
Hewlett Packard Enterprise
Development LP
Kaspersky
Fortinet
CMC Corporation
Other
Players:-
Vietnam Security Network
(VSEC)
Vietnam Cyberspace Security
technology (VNCS)
BAE Systems
CyRadar
IBM Corporation
Trend Micro
Oracle
Wanders
Sophos
Sentry Bay
AVG Technologies
Fire Eye
Key Topics Covered in the Report:-
- Major Cyber Attacks in Vietnam
- Snapshot of Cyber Security Market in ASEAN Countries
- Trends and Growth Drivers in Vietnam Cyber Security Market
- Vietnam Cyber Security Market
- Introduction to Vietnam Cyber Security Market
- Value Chain Analysis of Vietnam Cyber Security Market
- Vietnam Cyber Security Market Size, 2013-2018
- Vietnam Cyber Security Market Segmentation, 2013-2018
- Competition Landscape in the Vietnam Cyber Security Market
- Vietnam Cyber Security Market Future Outlook and Projections, 2018-2023E
- Issues and Challenges in Vietnam Cyber Security Market
- Decision Making Parameters in Hiring a Cyber Security Company in Vietnam
- Pain Points faced by the end users after purchasing a security Solution in Vietnam
- Technologies used in the Cyber Security Market
- SWOT Analysis of Vietnam Cyber Security Market
- Government Regulations in the Vietnam Cyber Security Market
- Company Profiles of Major Players in Vietnam Cyber Security Market
- Analyst Recommendations
For more information, refer to below link:
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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Note: This a press release
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