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Vietnam Data Center Server Market Market Size (2024 - 2029)

The Vietnam data center server market is experiencing growth driven by the increasing demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and rising investments by domestic players. This growth is reflected in the market's expansion in terms of IT load capacity, raised floor space, and the number of racks planned for installation. Additionally, the development of submarine cable systems is enhancing connectivity, further supporting the market's expansion.

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Market Size of Vietnam Data Center Server Industry

Vietnam Data Center Server Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Market Size (2024) USD 458.55 Million
Market Size (2030) USD 752.25 Million
CAGR (2024 - 2030) 8.60 %
Market Concentration High

Major Players

Vietnam Data Center Server Market Major Players

*Disclaimer: Major Players sorted in no particular order

Vietnam Data Center Server Market Analysis

The Vietnam Data Center Server Market size is estimated at USD 458.55 million in 2024, and is expected to reach USD 752.25 million by 2030, growing at a CAGR of 8.60% during the forecast period (2024-2030).

The increasing demand for cloud computing among small and medium-sized enterprises (SMEs), government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.

Under Construction IT Load Capacity: The upcoming IT load capacity of the Vietnam data center market is expected to reach 240 MW by 2029.

Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 870K sq. ft by 2029.

Planned Racks: The country's total number of racks to be installed is expected to reach 43K units by 2029. NCR Ho Chi Minh City is expected to house the maximum number of racks by 2029.

Planned Submarine Cables: There are close to 20 submarine cable systems connecting Vietnam, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 Kilometers with landing points from Quy Nhon, Vietnam.

Vietnam Data Center Server Industry Segmentation

A data center server is basically a high-capacity computer without peripherals like monitors and keyboards. It is a hardware unit installed inside a rack, having a central processing unit (CPU), storage, and other electrical and networking equipment, making them powerful computers that deliver applications, services, and data to end-user devices.

The Vietnam data center server market is segmented by form factor (blade server, rack server, and tower server), and by end-user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

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Vietnam Data Center Server Market Size Summary

The Vietnam data center server market is experiencing significant growth, driven by the increasing demand for cloud computing, particularly among small and medium-sized enterprises, and the need for enhanced data security regulations. The market is also benefiting from substantial investments by domestic players and the expansion of IT infrastructure, including the construction of new data centers and the installation of additional racks and submarine cable systems. The launch of the 5G network and the government's focus on accelerating the digital economy are further propelling the adoption of data storage solutions, which is expected to positively impact the market.

In terms of competition, the market is relatively low, with key players such as Dell Inc., Cisco Systems Inc., and Inspur Group focusing on expanding their presence and customer base in Vietnam. These companies are leveraging strategic collaborations and technological innovations, such as energy-efficient servers and integrated management tools, to enhance their market share and profitability. The growing adoption of technologies like artificial intelligence, cloud computing, and increased internet penetration is driving the demand for servers in data centers, with blade servers gaining popularity due to their space-saving and energy-efficient features.

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Vietnam Data Center Server Market Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in construction of new data centers, development of internet infrastructure

      2. 1.2.2 Increasing adoption of cloud and IoT services

    3. 1.3 Market Restraints

      1. 1.3.1 High initial investment for data center construction

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form Factor

      1. 2.1.1 Blade Server

      2. 2.1.2 Rack Server

      3. 2.1.3 Tower Server

    2. 2.2 End-User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End-User

Vietnam Data Center Server Market Market Size FAQs

The Vietnam Data Center Server Market size is expected to reach USD 458.55 million in 2024 and grow at a CAGR of 8.60% to reach USD 752.25 million by 2030.

In 2024, the Vietnam Data Center Server Market size is expected to reach USD 458.55 million.

Vietnam Data Center Server Market Report Snapshots

Vietnam Data Center Server Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)