The
report titled “Vietnam Cybersecurity Market Outlook to 2025 By Solution Source
(Foreign/Imported Solutions and Domestic Solutions), By End User (Banking and
Finance, Government/Public Sector, Aerospace & Defense, IT & Telecom,
Retail & E-Commerce, Healthcare and others), By Solution type (Standalone
Products, Managed Security Services and Professional Services), By Standalone
Product Type (Firewall, Antivirus, End Point Security, IPS/IPD, SIEM, Security Gateways and Others), By Managed
Security Services Type (SOC, Network Security, Application Security, Email
Security, Cloud Security, Mobile Security, Content Security and Others), By Professional
Services Type (Penetration Testing, Security Audit, Cybersecurity Consulting,
Security Training and Others)” provides a comprehensive
analysis on the status quo of the cybersecurity industry in Vietnam. The report
covers various aspects including the cyber threat landscape in the country
along with the major cyber attacks, the role of the government in improving
information security infrastructure, key entities in the supply and demand
side, Vietnam’s cybersecurity ecosystem as compared with ASEAN counterparts,
cybersecurity product ecosystem in the country,
end user trends, decision making parameters, impact of technologies on
developing cybersecurity solutions, competition landscape, challenges faced on
both the demand and supply end, impact of the pandemic, future landscape of the
market and strategies for new entrants in the market.
Vietnam Cybersecurity
Market Overview and Size
Cybersecurity in Vietnam is in
the growing phase with the presence of more than 80 companies licensed to
distribute cybersecurity solutions in the country. Market revenues have been
increasing at an impressive CAGR of 17.4% over 2014-2019, buoyed by
governmental impetus to development in the local product infrastructure along
with the rising cyber threat ecosystem in the country. The number of domestic information security
products in the country has also grown 2x from 2018, signaling the focus on
local research and development. The growing end user cybersecurity requirement
primarily from banks, government offices & departments, retail companies
and healthcare entities has also supported a strong growth in revenues.
Vietnam Cybersecurity
Market Segmentation
When it comes to the major
sources for solutions in the country, foreign companies have been dominating
the ecosystem due to their global brand name and superior technology. However,
the local government has been focused to enhance local solution development
capabilities in the country. The major end users for cybersecurity solutions in
the country include the banking and finance industry, the public
sector/government, aerospace and defense and retail companies. Banks and
government entities face a large proportion of the country’s cyber attacks and
hence it becomes more important for enterprises in these sectors to secure
their databases and information systems. Standalone products such as firewall,
antivirus, Intrusion Prevention System/Intrusion Detection Systems are majorly
demanded by enterprises in the country. With the mandatory requirements for
government departments to maintain a 4-tier cybersecurity infrastructure,
Security Operations Center is one such solution that has been gaining
increasing traction as the solution ensures two key levels of the 4-tier
infrastructure system mandated.
Competitive Landscape
of Vietnam Cybersecurity Market
The
cybersecurity market in Vietnam is moderately fragmented with the top 5 players
holding 47% share of the market in terms of revenues. While foreign products
still dominate the solution ecosystem in the country, local products are now an
option in ~90% of the product categories of cybersecurity in Vietnam.
Vietnam Cybersecurity
Market Future Outlook & Projections
The cybersecurity market is
expected to grow at a CAGR of 16.9% over the period 2019 to 2025. Increasing
adoption of cybersecurity solutions by SMEs and other enterprise segments is
expected to drive market growth. New kinds of cyber threats such as Advanced
Persistent Threats and IoT device attacks will encourage cybersecurity
organizations in the country to enhance product capabilities and develop
technologically advanced and efficient products. The modernization of
technology in industries such as Banking, Healthcare and E-Commerce will also
drive increased adoption of information security solutions.
Key Segments Covered:-
By Solution Source (Foreign/Imported Solutions
and Domestic Solutions).
By End User (Banking and Finance,
Government/Public Sector, Aerospace & Defense, IT & Telecom, Retail
& E-Commerce, Healthcare and others).
By Solution type (Standalone Products, Managed
Security Services and Professional Services).
By Standalone Product Type (Firewall, Antivirus,
End Point Security, IPS/IPD, SIEM, Security Gateways and Others).
By Managed Security Services Type (SOC, Network
Security, Application Security, Email Security, Cloud Security, Mobile
Security, Content Security and Others).
By Professional Services Type (Penetration
Testing, Security Audit, Cybersecurity Consulting, Security Training and Others.
Companies
Covered:-
Viettel Cyber Security
FPT Information System
CyStack
CMC Cybersecurity
Bkav
Fortinet
KasperSky
Juniper Networks
Cisco
Check Point
Trend Micro
Key Target Audience:-
Cybersecurity companies
Banks, Healthcare
companies, Retail Companies, E-commerce Platforms, Government Departments
Government Associations
Industry Associations
Time Period Captured in the Report:-
Historical Period: 2014-2019
Forecast Period: 2020-2025
Key Topics Covered in the Report:-
End User Analysis
Governmental Role in Solving the Cybersecurity
Problem
Operating Models for Information Security Companies
Vietnam’s standing in the
ASEAN Cybersecurity Ecosystem
Vietnam’s Cybersecurity
Product Ecosystem
Role of Cutting-Edge Technologies in Developing
Cybersecurity Solutions
Tender Process for
Partnering with a Cybersecurity Firm
Challenges Faced by Service
Providers in the Industry
Mapping the Impact of the
Pandemic on Cybersecurity in Vietnam
Interview with Chief Strategy Officer at Viettel
Cyber Security
Opportunities in the Vietnam Cybersecurity
Ecosystem
License Requirements for New Cybersecurity
Businesses in Vietnam
Launching a Cybersecurity
Solution in the Vietnam Market
For More Information on the
research report, refer to below link:
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Very interesting, good job and thanks for sharing
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