DUBLIN–(BUSINESS WIRE)–The “Vietnam Cybersecurity Market, By Security Type (Network Security, Application Security, Cloud Security, Endpoint Security, Others), By Solution Type, By Deployment Mode, By End-User Industry, By Region, By Top 10 Provinces, Competition, Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com’s offering.
The Vietnam Cybersecurity Market stood at USD142.12 million in 2020 and is forecast to grow at a CAGR of 16.52% until 2026.
Growth in the Vietnam Cybersecurity Market is driven by the increasing digital economy. Also, the increasing popularity of 5G technology will create extensive development on the scale and speed of information technology.
The growing adoption of cloud computing services owing to their cost effectiveness, high performance, and accessibility will also enhance the Vietnam Cybersecurity Market.
Moreover, supportive government initiatives such as “Make in Vietnam” is anticipated to act as a catalyst in the growth of the Vietnam Cybersecurity Market. All government organizations in Vietnam have implemented the Security Operation Centre (SOC) that allows agencies to take the initiative in ensuring cybersecurity.
Based on security type, the market can be segmented into Network Security, Application Security, Cloud Security, Endpoint Security, Content Security & Others. The network security dominated the market in 2020 as these solutions empower enterprises to protect the integrity of the data from external points to manage network traffic more securely and efficiently.
Based on solution type, the market can be divided into Firewall, Antivirus & Anti-Malware, Risk & Compliance Management, Identity & Access Management, Unified Threat Management, Data Loss Prevention, Encryption & Decryption, Intrusion Detection/Prevention System, Infrastructure Security & Others. The Firewall segment dominated the market in 2020 as it provides protection from unauthorized access by outside cyberattacks. It protects the network as well as the device from malicious network traffic.
The market is segmented into BFSI, IT & Telecom, Retail, Government & Defense, Healthcare, Education Technology & Others based on end-user. The BFSI sector dominated the market in 2020 as major players in the Vietnam Cybersecurity Market are investing in developing technologies to protect the confidential information of consumers.
Moreover, the new technologies in the banking and finance sector have led to increased bank fraud and other criminal behavior. To protect consumers from such frauds, firms are investing more in providing cybersecurity to BFSI sector.
Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and development of new services.
Objective of the Study:
Some of the major players are
Key Target Audience:
Report Scope:
Years considered for this report:
Vietnam Cybersecurity Market, By Security Type:
Vietnam Cybersecurity Market, By Solution Type:
Vietnam Cybersecurity Market, By Deployment mode:
Vietnam Cybersecurity Market, By End-User Industry:
Vietnam Cybersecurity Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/ek66d8
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