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Vietnamese cloud computing market appeals suppliers


Vietnamese cloud computing market appeals suppliers
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 09/04/2021
  
19:46
GMT+7
As the COVID-19 pandemic is likely to raise the demand for digital transformation amongst enterprises, the cloud computing market appeals to both domestic and foreign suppliers despite the difficulties each side has to face.
The Vietnamese cloud service market is projected to grow from $181 million in 2019 to $427 million by 2025, exhibiting a healthy compound annual growth rate (CAGR) of over 15 per cent during 2020-2025.
On March 31, Korean telecommunications company KT Corporation announced that it will enter the B2B cloud computing market in Vietnam. Based on its achievements in the cloud business in Korea, KT signed an MoU with FPT Smart Cloud, an affiliate of FPT Gr ....

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More efforts needed to realise VN's huge cloud computing potential: analysts - Economy - Business Beat - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
January, 25/2021 - 09:00
|
IBM Institute for Business Value says that 56 per cent of Vietnamese enterprises are using cloud management platforms. Photo qdnd.vn
 Compiled by Thiên Lý
According to Viettel IDC, the Vietnamese cloud computing market is worth around US$133 million and is expected to grow to $500 million by 2025.
A survey by the IBM Institute for Business Value (IBV) has found that Vietnamese enterprises plan to increase their rate of expenditure on hybrid cloud services from the current 41 per cent
 to 43 per cent by 2023.
Hybrid cloud refers to a mixed computing, storage and services environment made up of on-premises infrastructure, private cloud services, and a public cloud, such as Amazon Web Services and Microsoft Azure, with orchestration among the various platforms.   ....

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