Vietnam ICT market
Vietnam ICT market overview
Basic year: 2024
Historical years: 2019-2024
Prediction years: 2025-2033
Market growth: 13.6% (2025-2033)
The technical sector of Vietnam is growing rapidly. This is in line with the common trend of digital transformation and innovation. Strong government support plays a key role in this growth. According to the latest report from Imarc Group, the Vietnam ICT market size reached USD 11.4 billion in 2024. Looking ahead, Imarc Group expects the market to reach 40.3 billion in 2033, with a growth rate (CAGR) of 13.6% in 2025-2033.
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Vietnam ICT trends and drivers:
The Vietnam ICT market has grown remarkably in the past ten years. This growth comes from rapid digital changes in the country and rapid internet access. Vietnam is a fast-growing digital economy in Southeast Asia. The young, technically educated population would like to take on new technologies. The government has strongly influenced this growth due to its digital infrastructure policy. An important policy is the national digital transformation program. It is intended to make Vietnam a digital economy with a high income by 2045. E-commerce, fintech and telecommunications have gained enormous growth. Mobile payments and online shopping are now everyday activities. 5G technology and cloud computing change the IT market. They help companies to run smoothly and grow. Foreign investments in the IT sector of Vietnam grew rapidly. Large technology companies such as Samsung, Intel and Microsoft are now strong there. This wave of investments stimulates local innovation. It also makes Vietnam a strong competitor in the global technical supply chain.
An important point in the ICT market of Vietnam is the rising focus on artificial intelligence, big data and cyber security. Many companies and government agencies now depend on digital platforms. The need for advanced data analysis and AI solutions is therefore growing rapidly. Companies use AI to improve the activities. It also increases the customer experience and stimulates innovation in products and services. Big Data has become an important tool to make decisions. It helps to improve efficiency and competitiveness in many sectors. The digital tree brings worries about cyber security. Both the public and private sectors are involved in protecting digital assets. The government of Vietnam has made strong rules for data privacy. They also focus on combating cyber threats. This creates more opportunities for the cyber security industry to grow on the market. The COVID-19 Pandemie has strongly stimulated external activities and digital services. This increase has increased the demand for IT solutions. Digital innovation is growing. A positive ICT market forecast promises constant growth. This will create endless possibilities for local and international stakeholders.
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Vietnam ICT -Industrial segmentation:
The report has segmented the market in the following categories:
Insights type:
● Hardware
● Network switches
● Routers and WLAN
● Servers and storage
● Others
● Software
● IT and infrastructure services
● Telecommunication services
Vertical insights into the industry:
● BFSI
● It and telecom
● Government
● Retail and e-commerce
● Production
● Energy and utilities
● Others
Regional insights:
● North -Vietnam
● Central Vietnam
● South Vietnam
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Competitive landscape:
The competitive landscape of the industry has also been investigated, together with the profiles of the most important players.
Main highlights of the report:
● Market performance (2019-2024)
● Market front views (2025-2033)
● Covid-19 impact on the market
● Porter’s Five Forces Analysis
● Strategic recommendations
● Historical, current and future market trends
● Market factors and success factors
● SWOT analysis
● Structure of the market
● Water chain analysis
● Extensive mapping of the competitive landscape
Note: If you need specific information that is currently not within the reach of the report, we can offer you it as part of the adjustment.
About us:
IMARC Group is a worldwide management consultancy that helps the most ambitious Changemakers in the world to create a lasting impact. The company offers an extensive series of market entry and expansion services. IMARC offers include thorough market assessment, feasibility studies, assistance with business admission, support from the factory institutions, approvals for legal and licensing loss, marketing and sales strategies, competitive landscape and benchmarking analyzes, prices and purchasing research and purchasing research.
Contact us:
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This release is published on OpenPR.
