Vietnam cybersecurity market was valued at USD 187.74 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 18.42%, owing to government initiatives, increased attack vectors, artificial-intelligence attacks, among others, across the country. Protecting sensitive information and important systems from online threats is the discipline of cybersecurity. ➡𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐟𝐨𝐫 Free Sample Report in 𝐏𝐃𝐅>> https://www.techsciresearch.com/sample-report.aspx?cid=7793 Threats to networked systems and applications can come from both within and outside of an organisation, which is why cybersecurity measures are created to counteract them. It primarily entails protecting networks, computers, servers, mobile devices, electronic systems, and data against harmful assaults. electronic information security and information technology security are other names of the same. Major market players in the Vietnam Market are FPT Corporation, SAP Vietnam Co. Ltd, IBM Vietnam Company Ltd, Microsoft Vietnam Limited Liability Company, Amazon Web Services Vietnam Limited, Cisco Systems Vietnam Ltd, Viettel Cyber Security Company, VIETNAM POSTS AND TELECOMMUNICATIONS GROUP, Salesforce Inc, HPT Vietnam Corporation, Accenture Inc, Trellix Cybersecurity Company, CMC Corporation, and CrowdStrike Holdings Inc. #growth #cybersecurity #informationsecurity #security #data #microsoft #project #salesforce #amazon #intelligence #sap #informationtechnology #cisco #telecommunications

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MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
VIETNAM CYBERSECURITY MARKET
FORECAST & OPPORTUNITIES
2018 – 2028

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© TechSci Research
Table of Contents
S. No. Contents Page No.
1. Service Overview
2. Research Methodology
3. Impact of COVID 19 on Vietnam Cybersecurity Market
4. Executive Summary
5. Voice of Customer
5.1. Brand Awareness
5.2. Types of Security Threats Experienced
5.3. Impact of Cybersecurity Threat
5.4. Key Vendor Selection Parameters
6. Vietnam Cybersecurity Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1.
By Security Type (Network Security, Application Security, Cloud Security, Endpoint
Security, Content Security & Others)
6.2.2.
By Solution Type (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)
6.2.3. By Deployment Mode (Cloud & On-premise)
6.2.4.
By End-User Industry (BFSI, IT & Telecom, Retail, Government & Defense, Healthcare,
Education Technology & Others)
6.2.5. By Region
6.2.6. By Top 10 Provinces
6.2.7. By Company
6.3. Market Map
2

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Table of Contents
S. No. Contents Page No.
7. Vietnam Network Security Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Solution Type
7.2.2. By Deployment Mode
7.2.3. By End-User Industry
8. Vietnam Application Security Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Solution Type
8.2.2. By Deployment Mode
8.2.3. By End-User Industry
9. Vietnam Cloud Security Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Solution Type
9.2.2. By Deployment Mode
9.2.3. By End-User Industry
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© TechSci Research
Table of Contents
S. No. Contents Page No.
10. Vietnam End Point Security Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Solution Type
10.2.2. By Deployment Mode
10.2.3. By End-User Industry
11. Vietnam Content Security Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Solution Type
11.2.2. By Deployment Mode
11.2.3. By End-User Industry
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
14. Policy & Regulatory Landscape
15. Top 10 Cybersecurity Breaches in Vietnam
16. Vietnam Economic Profile
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© TechSci Research
Table of Contents
S. No. Contents Page No.
17. Company Profiles
17.1. FPT Corporation
17.2. SAP Vietnam Co. Ltd
17.3. IBM Vietnam Company Ltd.
17.4. Microsoft Vietnam Limited Liability Company
17.5. Amazon Web Services Vietnam Limited
17.6. Cisco Systems Vietnam Ltd.
17.7. Viettel Cybersecurity Company
17.8. Vietnam Posts and Telecommunications Group
17.9. Salesforce, Inc
17.10. HPT Vietnam Corporation
17.11. Accenture, Inc.
17.12. Trellix Cybersecurity Company
17.13. CMC Corporation
17.14. CrowdStrike Holdings Inc.
18. Strategic Recommendations
19. About Us & Disclaimer
5

6. 6
ServiceOverview

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© TechSci Research
Service Overview
Scope of Report: Cybersecurity
Review Period
2018 – 2021
Base Year
2022
Estimated Year
2023
Forecast Period
2024 – 2028
Year Range
VIETNAM
CYBERSECURITY
MARKET
BY SECURITY TYPE
• Network Security
• Application Security
• Cloud Security
• Endpoint Security
• Content Security
• Others
BY SOLUTION TYPE
• 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
Cybersecurity is the practice of protecting critical systems and sensitive information from digital attacks.
Cybersecurity measures are designed to combat threats against networked systems and applications,
whether those threats originate from inside or outside of an organization. It is basically the practice of
defending computers, servers, mobile devices, electronic systems, networks, and data from malicious
attacks. It's also known as information technology security or electronic information security.
Market Segmentation
7
BY DEPLOYMENT MODE
• Cloud
• On-Premise
BY END-USER INDUSTRY
• Northern Vietnam
• Southern Vietnam
• Central Vietnam
• BFSI
• IT & Telecom
• Retail
• Government & Defence
• Healthcare
• Education Technology
• Others
BY REGION

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© TechSci Research
By Solution Type
Firewall : A firewall is a network security tool that keeps track of and filters incoming and outgoing network traffic in accordance
with previously specified security policies for an organisation.
Antivirus & Anti-Malware: The purpose of antivirus software is to identify and eliminate viruses and other malicious files from a
system. The system is protected by an anti-malware tool from all types of malware, such as Trojan horses, worms, and adware,
among others.
Risk & Compliance Management : Managing risks and complying to all industry and governmental regulations are accomplished
with the use a structured approach called risk and compliance management. It ensures data security, activity tracking, network
infrastructure security, and security policies for authorisation.
Identity and Access Management: Identity and access management refers to a combination of software used to manage digital
identities and user accesses across an organization.
Unified Threat Management: Unified threat management refers to a single security solution, and typically a single security
appliance, that executes numerous security functions at a single point on the network.
Data Loss Prevention: Data loss prevention is a part of a company's complete security strategy that emphases on detecting and
preventing the loss, leakage or misuse of data through breaches, ex-filtration transmissions and unauthorized use.
Encryption & Decryption: Encryption is the process by which a readable message is converted to an unreadable form to prevent
unauthorized parties from reading it. Decryption is the process of converting an encrypted message back to its original format.
Intrusion Detection/Prevention System: An intrusion prevention system is a network security tool that continuously monitors a
network for malicious activity and takes action to prevent it, including reporting, blocking, or dropping it, when it does occur.
Infrastructure Security: Infrastructure security is the practice of protecting critical systems and assets against physical and cyber
threats.
8
Service Overview
Scope of Report: Cybersecurity

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ResearchMethodology

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© TechSci Research
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was
conducted to determine
overall market size ,
segmental market size
and top players in the
Vietnam Cybersecurity
market.
In order to conduct
industry experts’
interviews, TechSci
formulated a
detailed discussion
guide.
List of industry
players and
industry
specialists was
developed.
TechSci conducted
interviews with
industry experts
and industry
players for data
collection and
verification.
Data obtained as
a result of
primary and
secondary
research was
validated through
rigorous
triangulation.
The data was
scrutinized using MS-
Excel, statistical tools
and internal proprietary
database to obtain
qualitative and
quantitative insights
about Vietnam
Cybersecurity market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
 EMIS
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
Secondary Research
Primary Research
10

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© TechSci Research
Research Methodology
11
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Vietnam Cybersecurity market. The
team has analyzed the outlook for various segments of this market, while considering the major influencing factors such as
increasing cyber attacks, rising cloud adoption and increasing use of social media platforms etc. and speculated a robust growth
during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while
planning their strategy to achieve sustainability in the Vietnam Cybersecurity market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2022 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts.
The team interviewed more than 20 cyber security providing companies, 100 end user companies, 5 industry experts and other
value chain stakeholders in the Vietnam Cybersecurity market to obtain the overall market size during 2018-2022, which was
validated by the Delphi technique.
Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2018-
2022.

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© TechSci Research
Research Methodology
12
Respondents were asked about the current and future market growth rates, as well as market shares by security type, solution
type, by deployment mode, by end-user industry, by region, by provinces and by company. Removing the outlier responses, the
geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to
arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other
stakeholders depending upon the component.
Methodology Followed for Calculation of Market Shares:
Market shares by security type, solution type, by deployment mode, by end-user industry, by region, by provinces and by
company were calculated based on the responses received through primary surveys with industry experts, in which the
respondents were asked about the market shares of the leading Cybersecurity players in Vietnam. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Moreover, respondents were asked about the leading companies operating in the Vietnam Cybersecurity market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey
results in SPSS/Tableau Software.

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© TechSci Research
Research Methodology
13
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Vietnam Cybersecurity market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Regression Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market
demand scenario.
Note: Sum of some shares may not be 100%, due to rounding off till two decimal places.
Partial List of
Companies
Interviewed
FPT Corporation, Viettel Cybersecurity Company, Vietnam Posts and Telecommunications Group,
SAP Vietnam Co. Ltd, IBM Vietnam Company Ltd., Microsoft Vietnam Limited Liability Company,
Amazon Web Services Vietnam Limited, Cisco Systems Vietnam Ltd., Salesforce Inc., HPT Vietnam
Corporation, CMC Corporation, CrowdStrike Holdings, Trellix Cybersecurity Company, among
others.
Partial List of
Secondary Sources
Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company
Websites, National Cybersecurity Centre, Cybersecurity Industry Associations, CybersecAsia, Asia-
Pacific Security Association, TechSci Research Proprietary Database & Knowledge Repository, etc.

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© TechSci Research
Industry Brief
14
Increased Social Media Usage and rising demand for Cloud-Based Systems are driving the Vietnam Cybersecurity Market in the forecast period of 2024-2028.
According to TechSci Research report, “Vietnam Cybersecurity Market - By Region, Competition, Forecast & Opportunities, 2018-2028F”, The Vietnam
Cybersecurity Market is anticipated to grow at a high CAGR in the upcoming period owing to government initiatives, increased attack vectors, artificial-
intelligence attacks, among others, across the country.
Protecting sensitive information and important systems from online threats is the discipline of cybersecurity. Threats to networked systems and applications can
come from both within and outside of an organisation, which is why cybersecurity measures are created to counteract them. It primarily entails protecting
networks, computers, servers, mobile devices, electronic systems, and data against harmful assaults. A few more names for it are electronic information
security and information technology security. Many international cloud service goliaths, such as Google, Amazon Web Services (AWS), and Alibaba, have been
encouraged to enter and develop their cloud businesses in the market with the growth of the IT sector in Vietnam. Both local and international providers are
driving the transformation to cloud-based business models in the public sector. Additionally, the Vietnam Cybersecurity Market is expanding as a result of the
increased popularity of cloud computing services, which are valued for their accessibility, affordability, and high performance.
The Vietnam government has started several projects to accelerate the installation of cybersecurity measures, which are anticipated to be a crucial building
block for social stability and national security. As an example, the government has published a national cybersecurity policy to address concerns in the
cyberspace until 2025. According to the scheme, the government wants to keep Vietnam's position in the global cybersecurity rankings between 25 and 30, by
2025. Government programmes like "Make in Vietnam" and the "Law on Cybersecurity" are also said to be contributing factors in the expansion of the Vietnam
cybersecurity market.
Based on Security Type, The cloud security segment is the fastest growing security type for the Vietnam cybersecurity market, with a growing CAGR of 19.53%
for the forecast period owing to the rising adoption of cloud-based platforms across various industries. The usage of resources, the organizational structure, as
well as storage, distribution, and processing, have all undergone significant change as a result of the cloud computing revolution in the IT sector.
The COVID-19 problem had the greatest impact on the number of start-ups and SMEs. The public cloud is more popular because it has a cheaper total cost of
ownership than private and hybrid clouds, which has enhanced corporate productivity and continuity.
Based on Solution Type, Firewalls solution type dominated the Vietnam Cybersecurity Market in 2022 with a market share of 16.34% and is also expected to
dominate the market in the forecast period owing to being the first line of defense against external threats, malware, and hackers attempting to gain access to
sensitive data and systems across IT infrastructure. Network traffic monitoring is facilitated by firewalls. Threats to operations can take advantage of the flow of
data into and out of the systems. Systems are protected by firewalls, which track, examine, and apply predefined rules and filters to network traffic.
The expansion of firewall solutions is anticipated to occur during the forecast period as a result of changes in the regulatory environment, technological
advancements including Generation Firewall (NGFW), and the accessibility of affordable firewall solutions for small businesses due to an increase in security
breach incidents across the nation.
Key market players in the Vietnam Cybersecurity Market include FPT Corporation, SAP Vietnam Co. Ltd, IBM Vietnam Company Ltd, Microsoft Vietnam Limited
Liability Company, Amazon Web Services Vietnam Limited, Cisco Systems Vietnam Ltd, Viettel Cybersecurity Company, Vietnam Posts and
Telecommunications Group, Salesforce Inc, HPT Vietnam Corporation, Accenture Inc, Trellix Cybersecurity Company, CMC Corporation, CrowdStrike Holdings
Inc.
“The Vietnam cybersecurity market is anticipated to grow at a high CAGR in the upcoming period owing to rising cyber threats, increasing digital economy,
increased social media usage, increasing demand for cloud-based systems, among others. The region's rising social media usage has also contributed to the
expansion of the Vietnam Cybersecurity Market. The number of social media users in the nation has increased along with the popularity of social media
platforms and the desire to keep in touch with others. For instance, there were around 76.95 million social media users in January 2022, which is an increase of
5.0 million from 2021 to 2022. Because of the rising number of security and data privacy events on social media, cybersecurity solutions are now widely used.
Consequently, a high CAGR is projected for the market.” These factors are fuelling the growth of the Vietnam Cybersecurity Market in the upcoming years”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting organization.

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© TechSci Research
Sample Data - Snapshot
15
2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F
Value (USD Million)
Vietnam Cybersecurity Market Size, By Value (USD Million), 2018-2028F
CAGR 2018-2022
By Value: XX%
CAGR 2023E-2028F
By Value: XX%
Vietnam Content Security Market Share, By Solution Type, By Value, 2018-2028F
2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F
Firewall 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Antivirus & Anti Malware 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Risk & Compliance Management 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Identity & Access Management 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Unified Threat Management 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Data Loss Prevention 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Encryption & Decryption 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Intrusion Detection/Prevention
System
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Infrastructure Security 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Others 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Vietnam Network Security Market Share, By Deployment Mode , By Value, 2018-2028F
2018 2019 2020 2021 2022 2023E 2024F 2025F 2026F 2027F 2028F
Cloud 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
On-premise 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

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© TechSci Research
Report Order
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Report Name: VIETNAM CYBERSECURITY MARKET
FORECAST & OPPORTUNITIES
2018 – 2028
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