Vietnam Cyber Security Market Research Report And Forecast: Ken Research

What Are The Major Challenges In The Vietnam Cyber Security Market?

Lack of government regulations is posing one of the biggest challenges in the Vietnam cyber security market which has been one of the major reasons in the exposure of the Vietnamese market to the cyber threats.

Vietnam is a very price-sensitive economy where people tend to opt for low-priced products and services, hence, budget constraint is one of the biggest challenges that the Small and the Medium Enterprises (SMEs) are facing in Vietnam due to the expensive security services and solutions.

Various companies/enterprises in Vietnam avoid availing the cyber security services for their operations because of the Budget constraints. Cyber security requires both technological expertise and legal compliances which though present, is in small proportions in the country. The country lacks in digital and human resources skills, poor IT platform for digital transformation and lack in the IT workforce which results as a challenge in the cyber security market. Awareness and capacity for safe use of the internet by the majority of Vietnamese users is still limited despite the series of laws on information security and network security.

Competitive Landscape in Vietnam Cyber Security Market

Competition within the Vietnam cyber security market was witnessed to be moderately fragmented with the presence of both international as well as domestic players of services and solutions in the country. 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. Vietnam, cyber security companies are gaining momentum in the country due to the increase in the awareness about the cyber crimes in the country. With the development of the economy their exposure to the cyber crimes has also seen an increase. Cyber security companies are adopting a certain combination of strong distribution network and innovative mid-price models along with added features to make a value-add to the end user. These companies are offering multiple value added services such as advisory services, implementation services, managed services, onsite technical services, remote operational services and many more.

Vietnam Cyber Security Market Future Outlook and Projections

Over the forecast period 2019-2023E, the Vietnam Cyber Security market revenues are further anticipated to increase to USD ~ million by the year 2023E, thus showcasing a CAGR of ~%. 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 digital penetration across other various industry sectors. The trend is expected to stay the same in the near future. Owing to the growth cyber crimes, Vietnam is on the edge of becoming a mid-tier cyber crime hub which could open opportunities for many international companies looking to tap the Vietnam cyber security markets. This will further augment the growth of cyber security market in Vietnam and resulting in new product offerings in the market. Other factors that would contribute in the growth of this market include technological upgradation, increase in the awareness of the cyber crimes in the country, and increased investment in cyber security solutions by private and home users.

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

For more information, refer to below link:-

Vietnam Cyber Security Market

Related Reports:-

Middle East Cyber Security Market Outlook to 2022 – By Solutions (Firewall, Intrusion Detection System, Antivirus, Identity and Access Management, Encryption, Data Loss Prevention, Unidentified Threat Management, Disaster Recovery) and By Region

Brazil Cyber Security Market Outlook to 2021 – Rising Smart Phone Penetration and Online Banking Transactions to Augment Demand for Security

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

Tags: AVG Technologies Cyber Security Market Revenue Vietnam, BAE Systems Cyber Security Market Size Vietnam, Check Point Security Solutions Vietnam Market Size, Cisco Cyber Security Market Sales Vietnam, CMC Corporation Security Solutions Market Sales Vietnam, Cyber Security Industry In Vietnam, Cyber Security Market In Vietnam, CyRadar Cyber Security Market Revenue Vietnam, Doanh thu thị trường an ninh mạng Việt Nam, FireEye Cyber Security Market Shares Vietnam, Fortinet Cyber Security Market Shares Vietnam, Government Spending on ICT Sector in Vietnam, Hewlett Packard Cyber Security Market Revenue Vietnam, IBM Corporation Cyber Security Market Analysis Vietnam, Indonesia Cyber Security Market, Industry Research Report Of Vietnam Cyber Security, Juniper Network Cyber Security Market Revenue Vietnam, Kaspersky Cyber Security Market Revenue Vietnam, Major Technologies In Vietnam Cyber Security Market, Malaysia Cyber Security Market, Market Research Report Of Vietnam Cyber Security, Number of Credit Card Transactions in Vietnam, Number Of End Users In Banking Cyber Security Market, Number Of End Users In Energy And Power Cyber Security Market, Number Of End Users In Government Cyber Security Market, Number Of End Users In Healthcare Cyber Security Market, Number Of End Users In IT And Telecom Cyber Security Market, Number Of End Users In Retail Cyber Security Market, Oracle Cyber Security Market Size Vietnam, Phân tích thị trường Antivirus Việt Nam, Philippines Cyber Security Market, Quy mô thị trường tường lửa Việt Nam, SentryBay Cyber Security Market Revenue Vietnam, Singapore Cyber Security Market, Sophos Cyber Security Market Shares Vietnam, Symantec Corporation Cyber Security Market Size Vietnam, Tăng trưởng thị trường Antimalware Việt Nam, Thailand Cyber Security Market, Thị trường an ninh mạng bán lẻ Việt Nam, Thị trường an ninh mạng viễn thông Việt Nam, Thị trường an ninh mạng Việt Nam, Thị trường an ninh mạng Việt Nam Người chơi chính, Thị trường bảo mật di động và không dây Việt Nam, Thị trường bảo mật Internet Việt Nam, Thị trường bảo mật thiết bị IOT Việt Nam, Thị trường Đe dọa Việt Nam, Thị trường tội phạm mạng Việt Nam, Trend Micro Security Solutions Vietnam, Trustwave Cyber Security Market Vietnam, Veracode Cyber Security Market Size Vietnam, Vietnam Antimalware Market Growth, Vietnam Antivirus Market Analysis, Vietnam Application Security Market, Vietnam Banking And Finance Cyber Security Market, Vietnam Cloud Security Market, Vietnam Content Security Market, Vietnam Cryptomining Malware Market Analysis, Vietnam Cyber Crimes Market, Vietnam Cyber Security Industry, Vietnam Cyber Security Industry Research Report, Vietnam Cyber Security Market, Vietnam Cyber Security Market Analysis, Vietnam Cyber Security Market Competition, Vietnam Cyber Security Market Forecast, Vietnam Cyber Security Market Future Outlook, Vietnam Cyber Security Market Growth Analysis, Vietnam Cyber Security Market Major Players, Vietnam Cyber Security Market Opportunities, Vietnam Cyber Security Market Research Report, Vietnam Cyber Security Market Revenue, Vietnam Cyber Security Market Shares, Vietnam Cyber Security Market Size, Vietnam Cyber Security Market Trends, Vietnam Cyber Threats Market, Vietnam Cyberspace Security Technology Market Size, Vietnam Data Loss Prevention (DLP) Market, Vietnam Data Loss Prevention Market, Vietnam Disaster Recovery Market, Vietnam Domestic Security Solutions Market, Vietnam Email Threats Cyber Security Market, Vietnam Encryption Market, Vietnam End Point Security Market, Vietnam Energy And Power Cyber Security Market, Vietnam Firewall and Unified Threat Management Market, Vietnam Firewall Market Size, Vietnam Government Cyber Security Market, Vietnam Healthcare Cyber Security Market, Vietnam Home Users Market, Vietnam IDS/IPS Market, Vietnam Imported Security Solutions, Vietnam Internet Security Market, Vietnam Intrusion Detection System Market, Vietnam IOT Devices Security Market, Vietnam IT Security Market, Vietnam Mobile and Wireless Security Market, Vietnam Network Security Market, Vietnam Retail Cyber Security Market, Vietnam Security Network Solutions Market Analysis, Vietnam Solutions Market Analysis, Vietnam Telecom Cyber Security Market, Vietnam UTM Market Shares, Wandera Cyber Security Market Shares Vietnam