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Vietnam Cloud Service Market Report 2021: Accelerating Digital Transformation Driving Growth

Vietnam Cloud Service Market Report 2021: Accelerating Digital Transformation Driving Growth
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Vietnam Cloud Service Market Report 2021: Accelerating Digital Transformation Driving Growth

Vietnam Cloud Service Market Report 2021: Accelerating Digital Transformation Driving Growth
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Vietnamese cloud computing market appeals suppliers

Vietnamese cloud computing market appeals suppliers Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công  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 Group, a leader in Vietnam s ICT scene.

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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