• Vietnam Data Center Market reached 00 million in 2020 and expects to grow at a CAGR of over 14.64% until 2026 thanks to the main driven from government projects & initiatives.
• Vietnam as a country with high potential for fast digital economic development and digital transformation trend across all industries. The ICT economy’s revenue reached an estimated 148 billion USD in 2022, equivalent to 8.7% year-on-year increase according to the Ministry of Information and Communications (MIC).
• Data protection is an important and prioritized issue on the agenda of Vietnam government. The data localization requirement under the Cybersecurity Law, plus the need for better processing speed to assist Vietnamese users are the key drivers to significantly enhance the demand for data centers in Vietnam.
• The shifting of enterprises data to cloud platforms and the adoption of big data big data solutions, IoT and cloud-based solutions increases the demand in adoption of data storage solutions. Increased investment in building effective data center infrastructure is forecasted to create lucrative opportunities for the market growth until 2026.

(Source: Internet)