Vietnam Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam Cybersecurity Market is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value in (USD) for all the Above Segments.

Vietnam Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam Cyber Security Market Size

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Vietnam Cybersecurity Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 16.80 %
Market Concentration Medium

Major Players

Vietnam Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Cybersecurity Market with other markets in Technology, Media and Telecom Industry

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Vietnam Cyber Security Market Analysis

The Vietnam Cybersecurity Market is expected to register a CAGR of 16.80% during the forecast period.

The internet has become a crucial part of modern society's daily life due to its ease of information sharing, accessibility, communications, and applications, among other things. The rising number and diversity of connected devices and digital services pose security concerns for businesses and individuals.

  • These security concerns are only likely to exacerbate as the internet becomes more and more convenient for a range of everyday applications such as banking, online bill payments, online shopping, online entertainment services, texting, and sharing media, among others.
  • Vietnam is one of the growing economies, with expanding IT infrastructure investment and rising smartphone and internet adoption. Although the country is advancing toward advanced ICT, it lacks adequate cybersecurity protections, which hackers exploit. As a result, the expanding number of IoT connections is increasing the need for cybersecurity solutions.
  • Businesses' widespread use of cloud computing services to reduce operational and maintenance expenses and eliminate the need for investment purchases and infrastructure setup in office premises is driving growth in the Vietnamese cyber security market.
  • The Vietnam National Cyber Security Centre (NCSC) detected 718 cyber intrusions in June 2021 alone. It registered 2,915 cyber attacks in the first six months of 2021, an increase of 898 over the previous year.
  • According to the Vietnam National Cyber Security Centre (NCSC), there were 1,383 cyberattacks registered in Vietnam in the first month of 2022, a 10.29% rise over December 2021.
  • Because of the COVID-19 epidemic, people turned to the internet more for study, work, and trading. The pandemic created conditions for attackers to distribute fake news and fraud, as well as harmful malware and data theft. The most common are fraudulently stealing personal information and impersonating financial institutions. The most significant barrier is that many users still have poor digital and information security skills, making them easily deceived.
  • According to the International Telecommunication Union (ITU) report, Vietnam's ranking in Global Cybersecurity Index (GCI) increased significantly by 25 compared to the previous year, to 25th out of 194 countries and territories.

Vietnam Cyber Security Industry Overview

The Vietnam cybersecurity market is moderately fragmented and competitive, with few international and regional players. Innovation can bring about a sustainable, competitive advantage to these firms. New fields, such as Big Data and IoT, are reshaping security trends, and the firm concentration ratio is expected to record higher growth during the forecast period.

  • January 2022 - Vietnam aims to grant 5G wireless service licenses this year, with coverage beginning in Hanoi, Ho Chi Minh City, and many other cities. Military-owned Viettel, Vinaphone, and MobiFone, the country's leading three operators, will approach the market following trails in 16 provinces and cities.
  • February 2022 - SeABank AI has accelerated the digitization of banking operations. Seeing digitization as a critical pillar in advancing banking, Southeast Asia Commercial Joint Stock Bank (SeABank - Vietnam) is constantly upgrading its infrastructure to include the most recent Artificial Intelligence (AI) systems, which are used to improve the customer experience while optimizing the Bank's operations.

Vietnam Cyber Security Market Leaders

  1. IBM Vietnam Co., Ltd

  2. HPT Vietnam Corporation

  3. Cisco Systems, Inc

  4. CMC Corporation

  5. Amazon Web Services, Inc

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Cybersecurity Market Concentration
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Vietnam Cyber Security Market News

  • August 2022: Kasikornbank (KBank) of Thailand is pushing ahead with intentions to become a regional digital bank with an expansion drive in Vietnam. KBank intends to invest more than 2.7 billion baht (about USD 75 million) in strengthening its service network throughout AEC+3 (ASEAN plus Japan, China, and the Republic of Korea) to serve clients across all sectors with digital services.
  • July 2022: Amazon Web Services (AWS) is expanding in Vietnam by encouraging more customers to keep their data on its offshore-located cloud. However, the Vietnamese government is also pressuring domestic enterprises to keep their data in the country for security reasons. Amazon has attempted to expand its footprint in Vietnam to secure national data center customers. In 2021, the firm revealed AWS branches in Vietnam and launched its global IT training program.

Vietnam Cybersecurity Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Assessment of the Impact of COVID-19 on the Industry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Growing IoT Connections Demanding Strengthened Cybersecurity in Enterprises
  • 5.2 Market Restraints
    • 5.2.1 Lack of Cybersecurity Professionals and Outdated Cybersecurity Technology

6. MARKET SEGMENTATION

  • 6.1 By Offering
    • 6.1.1 Solutions
    • 6.1.1.1 Application Security
    • 6.1.1.2 Cloud Security
    • 6.1.1.3 Data Security
    • 6.1.1.4 Identity and Access Management
    • 6.1.1.5 Infrastructure Protection
    • 6.1.1.6 Integrated Risk Management
    • 6.1.1.7 Network Security Equipment
    • 6.1.1.8 End point Security
    • 6.1.1.9 Other Solutions
    • 6.1.2 Services
    • 6.1.2.1 Professional Services
    • 6.1.2.2 Managed Services
  • 6.2 By Deployment Mode
    • 6.2.1 Cloud
    • 6.2.2 On-Premise
  • 6.3 By Organization Size
    • 6.3.1 SMEs
    • 6.3.2 Large Enterprises
  • 6.4 By End User
    • 6.4.1 BFSI
    • 6.4.2 Healthcare
    • 6.4.3 IT and Telecom
    • 6.4.4 Industrial & Defense
    • 6.4.5 Retail
    • 6.4.6 Energy and Utilities
    • 6.4.7 Manufacturing
    • 6.4.8 Others

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 IBM Vietnam Co., Ltd.
    • 7.1.2 HPT Vietnam Corporation
    • 7.1.3 Cisco Systems, Inc
    • 7.1.4 CMC Corporation
    • 7.1.5 Amazon Web Services Vietnam Company Limited(Amazon Web Services, Inc.)
    • 7.1.6 Viettel Cyber Security
    • 7.1.7 HPT Vietnam Corporation
    • 7.1.8 Dell Inc.
    • 7.1.9 FPT Corporation
    • 7.1.10 Microsoft Vietnam
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Vietnam Cyber Security Industry Segmentation

Cybersecurity solutions help organizations monitor, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow in line with the rising internet penetration among developing and developed countries. The need for cybersecurity has increased as every system in today's world is connected to the internet, making data more accessible to cybercriminals.

Vietnam cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user vertical (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Offering Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
End point Security
Other Solutions
Services Professional Services
Managed Services
By Deployment Mode Cloud
On-Premise
By Organization Size SMEs
Large Enterprises
By End User BFSI
Healthcare
IT and Telecom
Industrial & Defense
Retail
Energy and Utilities
Manufacturing
Others
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Vietnam Cybersecurity Market Research Faqs

What is the current Vietnam Cybersecurity Market size?

The Vietnam Cybersecurity Market is projected to register a CAGR of 16.80% during the forecast period (2025-2030)

Who are the key players in Vietnam Cybersecurity Market?

IBM Vietnam Co., Ltd, HPT Vietnam Corporation, Cisco Systems, Inc, CMC Corporation and Amazon Web Services, Inc are the major companies operating in the Vietnam Cybersecurity Market.

What years does this Vietnam Cybersecurity Market cover?

The report covers the Vietnam Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Cybersecurity Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Cybersecurity Industry Report

Statistics for the 2025 Vietnam Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Cybersecurity analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.