| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.21 Billion |
| Market Size (2030) | USD 0.27 Billion |
| CAGR (2025 - 2030) | 4.87 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Vietnam Data Center Storage Market Analysis
The Vietnam Data Center Storage Market size is estimated at USD 0.21 billion in 2025, and is expected to reach USD 0.27 billion by 2030, at a CAGR of 4.87% during the forecast period (2025-2030).
- The increasing demand for cloud computing among 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, leading to a growing need for data center storage equipment.
- 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 Storage Market Trends
IT & Telecommunication Segment to Hold Major Share in the Market
- In Vietnam, where 5.35% of adults currently use smartphones, there is an ambition to increase this percentage according to the draft National Digital Infrastructure Strategy by 2025. The Telecommunications Department of the Ministry of Information and Communications (MIC) highlights various digital initiatives aimed at promoting smartphone adoption, leading to an increased utilization of data centers and a heightened demand for data center storage products.
- The country has witnessed a rise in mobile data bandwidth speeds, a growing preference for mobile gaming, and an average online presence of around 9 hours on social networking sites. These factors have contributed to an escalation in data consumption over the years, resulting in an augmented demand for data centers and a subsequent increase in the utilization of storage products within these centers.
- The surge in data center workloads is attributable to the escalating demand for enhanced application performance, increased storage requirements, and amplified mobile data usage due to the proliferation of applications and heightened internet usage. Consequently, businesses globally are increasingly adopting cloud data storage, intensifying the demand for data center services. This trend is reflected in the growing utilization of data center storage in the country.
- The launch of the 5G network in 2022 by Viettel marked a revolutionary moment in Vietnam's digital market. The Ministry of Information and Communications (MIC) has been assigned the primary responsibility for accelerating the development of the digital economy, directing and assisting other ministries, agencies, and local governments in implementing the strategy. The continued rise in smartphone usage, coupled with the increasing adoption of 5G networks and growing data traffic, solidifies the dominance of the telecommunications sector. This, in turn, positively impacts the growth of data centers in the country, fostering a heightened need for data storage and consequently increasing the demand for data center storage equipment and elevating market value.
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Hybrid Storage Expected To Hold Significant Share
- The combination of on-premises and cloud storage solutions is commonly referred to as data center hybrid storage. This approach capitalizes on the strengths of both environments, offering the flexibility to store and manage data on-premises as well as in the cloud.
- Businesses are increasingly transitioning from public cloud to hybrid IT. This shift is driven by the growth of businesses and the imperative to provide robust customer service. The escalating need for storing and processing substantial volumes of data underscores the importance of hybrid storage solutions.
- As part of the digitalization trend, the adoption of technologies such as big data and the Internet of Things (IoT) by small and medium enterprises (SMEs) has led to a noteworthy uptick in the procurement of all-flash and hybrid array systems.
- In the country's data center market, the migration of enterprise data to cloud platforms is a key driving force. For example, in December 2022, Vietnamese conglomerate Vingroup announced plans to migrate its SAP systems, including supply chain management, enterprise resource planning (ERP), finance management, human capital management (HCM), and manufacturing operations, from on-premise data centers to Google Cloud. This strategic move aims to enhance production capabilities and improve product and service quality. Such initiatives are anticipated to fuel the adoption of hybrid data storage solutions, positively impacting the market.
- The growing prevalence of cloud storage and audio conferencing services has compelled more companies to embrace remote work. This shift has given rise to data centers employing hybrid storage solutions, combining the functionalities of hard drives and SSDs. The utilization of cache for frequently accessed data allows for leveraging the fast access capabilities of SSDs along with the greater storage capacity of hard drives. This innovative approach to hybrid storage addresses the evolving needs of businesses in the era of remote work and digital collaboration.
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Vietnam Data Center Storage Industry Overview
The Vietnam data center storage market exhibits semi-fragmentation, with major players holding the majority of the market share. Key contributors include Dell Inc., NetApp Inc., Kingston Technology Company Inc., Lenovo Group Limited, and Fujitsu Limited. These significant players employ strategic collaborative initiatives to enhance their market share and boost overall profitability.
In September 2023, CMC Telecom was on a mission to position Vietnam as the region's Digital Hub by establishing a robust digital infrastructure. This initiative not only focuses on bolstering security measures but also emphasizes enhancing both the quantity and quality of data storage through the development of advanced data centers.
In July 2023, Huawei Technologies Co. Ltd. data storage product "Huawei OceanStor Dorado All-Flash Storage" to get a DEKRA Certificate for ISO14067 carbon footprint compliance as well as much-valued DEKRA Seal Certificate.
Vietnam Data Center Storage Market Leaders
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Dell Inc.
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NetApp Inc.
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Kingston Technology Company Inc.
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Lenovo Group Limited
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Fujitsu Limited
- *Disclaimer: Major Players sorted in no particular order
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Vietnam Data Center Storage Market News
- August 2023: Lenovo unveiled the Lenovo ThinkSystem D4390 Direct, featuring storage expansion capabilities enriched with powerful 24Gbps SAS direct-attached drives. This design is crafted to offer density, speed, scalability, security, and high availability for high-capacity applications.
- October 2023: Dell Technologies enhanced its PowerFlex software-defined infrastructure platform to assist customers in the ongoing modernization of the data center storage experience. Dell PowerFlex 4.5 incorporates a broader range of supported operating systems (OS), improved alerting capabilities, a single-capacity namespace, and unified storage pool management.
Vietnam Data Center Storage Industry Segmentation
Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.
The Vietnam data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), by storage type (traditional storage, all-flash storage, and hybrid storage), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users).
Market sizes and forecasts are provided in terms of value (USD) for all the segments above.
| Storage Technology | Network Attached Storage (NAS) |
| Storage Area Network (SAN) | |
| Direct Attached Storage (DAS) | |
| Other Technologies | |
| Storage Type | Traditional Storage |
| All-Flash Storage | |
| Hybrid Storage | |
| End-User | IT & Telecommunication |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End-Users |
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Vietnam Data Center Storage Market Research FAQs
How big is the Vietnam Data Center Storage Market?
The Vietnam Data Center Storage Market size is expected to reach USD 0.21 billion in 2025 and grow at a CAGR of 4.87% to reach USD 0.27 billion by 2030.
What is the current Vietnam Data Center Storage Market size?
In 2025, the Vietnam Data Center Storage Market size is expected to reach USD 0.21 billion.
Who are the key players in Vietnam Data Center Storage Market?
Dell Inc., NetApp Inc., Kingston Technology Company Inc., Lenovo Group Limited and Fujitsu Limited are the major companies operating in the Vietnam Data Center Storage Market.
What years does this Vietnam Data Center Storage Market cover, and what was the market size in 2024?
In 2024, the Vietnam Data Center Storage Market size was estimated at USD 0.20 billion. The report covers the Vietnam Data Center Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Data Center Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Vietnam Data Center Storage Industry Report
Statistics for the 2025 Vietnam Data Center Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Data Center Storage 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.
