Region:Asia
Author(s):Mustafa Kanwaswala, Monica Singh
Product Code:KR841
Updated Report:- Vietnam Cybersecurity Market Outlook to 2025
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 cyber security services and solutions in Vietnam. The report focuses on overall market size for cyber security services and solutions in Vietnam; Vietnam cyber security 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 cyber security market in ASEAN countries, trends and growth drivers, issues and challenge, decision making parameters, technologies used in the cyber security 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 cyber security industry.
The cyber security 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 cyber crimes 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 cyber security market with the growing cyber crimes on internet.
By Imported and Domestic Security Services and Solutions: The Imported Services & Solutions dominated the cyber security 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 cyber security 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 system, Email Security, Web Content security and others. The remaining market share was captured by 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 cyber security 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 the monetary transactions. The remaining market share was captured by 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 the home users. It captured the majority market share in terms of revenue in the Vietnam cyber security 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 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 major companies such as Juniper Network, Cisco, Check Point software Technologies, Symantec Corporation were witnessed to lead in terms of market share, followed by Hewlett Packard Enterprise Development LP, Kaspersky, Fortinet, CMC Corporation and others. The cyber security solution providers in Vietnam compete on the basis of cost of the security solutions, technological advancements, product offerings, supply chain management, after-sales services and number of clientele.
Over the forecast period 2019-2023, the Vietnam cyber security market is predicted to grow in terms of revenue owing to potential rise in the cyber crimes 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 increase in the Sophisticated Cyber threats, Digital development of SMEs and few other factors. The trend is expected to stay the same in the near future and with introduction of new cyber security law by the Vietnamese government, investment in cyber security solutions and services is bound to increase.
Cyber Security Market
By Imported & Domestic Security Solutions
By Type of Solutions
By End User
By Type of Security
Major Companies Covered
Other Players
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
4.1. Introduction to Vietnam Cyber Security Market
4.2. Value Chain Analysis of Vietnam Cyber Security Market (Inter-Entity Relationship and
Margin Analysis)
4.3. Vietnam Cyber Security Market Size, 2013-2018
4.4. Vietnam Cyber Security Market Segmentation, 2013 and 2018
4.4.1. By Imported and Domestic Services & Solutions, 2013 and 2018
4.4.2. By Type of Solutions (Firewall & UTM, Intrusion Detection System, Antivirus, Identity
and Access Management, Encryption, Data Loss Prevention, Disaster Recovery and IoT Devices),
2018
4.4.3. By End User (Banking & Finance, Government, IT & Telecom, Retail, Healthcare, Energy &
Power , Private User and Others), 2018
4.4.4. By Type of Security (Network Security, Application Security, End-Point Security, Mobile
& Wireless Security, Content Security and Cloud Security), 2013 and 2018
Countries in ASEAN region basis Market Size, Number of Players, Market Structure, Legislation
and Other Parameters)
11.1. Pain Points Faced by the End Users after purchasing a Security Solution in Vietnam
14.1. Competition Scenario in the Vietnam Cyber Security Market
14.2. Strength & Weakness of Major Cyber Security Companies in Vietnam
14.3. Market Share of Major Cyber Security Companies in Anti-Virus Solution in Vietnam
14.4. Company Profiles of Major Players in Vietnam Cyber Security Market (including Company
Overview, Strategies, Product, Solutions & Service Offering, Global Presence, Distributors,
Employee Base, Financials, Key People and Recent Developments)
14.4.1. Juniper Network
14.4.2. Cisco Systems
14.4.3. Check Point Software Technologies Ltd
14.4.4. Symantec Corporation
14.4.5. Hewlett Packard Enterprise Development LP
14.4.6. Kaspersky
14.4.7. Fortinet
14.4.8. CMC Corporation
14.4.9. Other Players (Vietnam Security Network, Vietnam Cyberspace Security Technology, BAE
Systems, CyRadar, IBM Corporation, Trend Micro, Oracle, Wandera, Sophos, SentryBay, AVG
Technologies, Fire Eye, Trustwave, Veracode and Darktrace)
15.1. By Imported and Domestic Services & Solutions, 2018-2023
15.2. By Type of Solutions (Firewall & UTM, Intrusion detection system, Antivirus, Identity and
Access Management, Encryption, Data Loss Prevention, Disaster Recovery and IoT Devices), 2018-
2023
15.3. By End User (Banking & Finance, Government, IT & Telecom, Retail, Healthcare, Energy &
Power , Private User and Others), 2018-2023
15.4. By Type of Security (Network Security, Application Security, End-Point Security, Mobile &
Wireless Security, Content Security and Cloud Security), 2018-2023
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