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Vietnam Cyber Security Industry Outlook to 2023: Ken Research

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)
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The report titledVietnam 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. 

cyber Security Indstry Outlook
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:

Related Reports:-


Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Note: This a press release




 

 


 




 


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