Increasing Cyber Threat Situations In The Country, And Growing End-User Information Security Requirement Will Support The Cybersecurity Market To Grow With Double-Digit CAGR In Vietnam – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. Vietnam Cybersecurity industry is growing at an impressive CAGR owing to government’s intiative to boost adoption in the country. To Know More about this report, download a Free Sample Report Cybersecurity in Vietnam is in the growing phase with the presence of more than 80 companies licensed to distribute cybersecurity solutions in the country. The industry revenues have been increasing at a positive CAGR of ~18% over the review period 2014-2019. Presently, the market is supported by governmental measures to enhance adoption, and growing adoption of digital services & systems among Financial Institutions, Healthcare entities, Retail companies & SMEs. Moreover, Banks, Financial Institutions, Government Institutions, Aerospace entities, E-Commerce Websites are facing ~30 cyber threats daily. Therefore, increasing investment (~7% of IT project budget) in Information Security Systems & Infrastructure being made by companies. This has further accelerated the growth of the cybersecurity sector in Vietnam. 2. Limited Information Security Awareness & Know-How about Solution Ecosystem, making End User Entities susceptible to Cyber Attacks. Increasing over-dependence on cybersecurity experts from the supplier angle arises due to lack of technical knowledge among end user enterprises & organizations. Also, limited IT resources in organizations and low importance of information security training ultimately compound the problem of the already insufficient know-how about information security. Additionally, employees in organizations often violate data protection guidelines of their employers by clicking on spurious links, opening restricted websites & sharing company data outside the permissible network. Specially during the COVID-19 period, organizations haven’t been able to ensure that employees abide by the company’s information security protocols due to remote working mechanisms. Moreover, Vietnam has on an average higher downtime in case of cyber-attacks than other ASEAN or other global countries and organizations are not in a position to manage threats appropriately. 3. With rising mobile internet penetration and desktop usage, the market will witness double digit growth rate by 2025F. Visit This link Request for Custom Report The cybersecurity sector is expected to expand over the period 2019 to 2025F. Increased Online Cyber Risk due to COVID-19 will prompt more investment into cybersecurity. Nationally targeted cyber-attacks are forecasted to rise in future as Vietnam improves its position in the global cyberspace landscape. This will increase the adoptions of new solutions like Multi-Factor Authentication. It can reduce the risk of unauthorized identity by 99%, and is expected to be in demand going forward. SIEM (Security Information & Event Management) and SOC (Security Operations Center) solutions expected to grow in adoption, as demand for consolidated solutions rises. The modernization of technology in Banking, Healthcare, E-Commerce, Retail and Government Sectors will also drive the growth of this sector in future. For more insights on the market intelligence, refer to the link below:- Vietnam Cybersecurity Market Follow Us Facebook | Twitter | LinkedIn | Instagram Tags: Challanges for Cybersecurity Market Vietnam, Competitors in Vietnam Cybersecurity Market, cybersecurity companies in vietnam, Cybersecurity Market In Vietnam, Cybersecurity Market Startups in Vietnam, CyStack Cybersecurity Market Share, Demand of Cybersecurity Market Vietnam, Emerging Players in Vietnam Cybersecurity Market, FPT Information System Cybersecurity Market Revenue, Leading Players inVietnam Cybersecurity Market, Major Players in Vietnam Cybersecurity Market, Top Cybersecurity Companies Vietnam, Vietnam Cybersecurity Distribution Channel, Vietnam Cybersecurity End Users Industry, Vietnam Cybersecurity Industry, Vietnam Cybersecurity Market, Vietnam Cybersecurity Sector, Vietnam Cybersecurity Service Provider, Vietnam's growing cybersecurity market