Vietnam In Top 10 Emerging Markets For Global Data Centres
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The Vietnamese data center market stood at US$858 million last year and is forecast to grow at a compounded annual growth rate of over 14.64 percent until 2026.
The growth in the Vietnamese data center market was driven by government projects and initiatives, the report said.
Data protection is a matter of global concern and is becoming an important issue on the agenda of the Vietnamese Government.
The data localization requirement under the Cybersecurity Law, plus the need for better processing speeds to assist Vietnamese users are the main drivers, which are anticipated to significantly enhance the demand for data centers in the country.
The Vietnamese Government's inclination toward digitization has further bolstered the demand for data centers across the country.
Furthermore, the Vietnamese data center market is driven by the shifting of enterprise data to cloud platforms. This has led to an increase in the adoption of data storage solutions, which in turn is expected to positively influence the growth of the market. Additionally, the growing adoption of big data solutions, IoT, and cloud-based solutions among others, is expected to propel market growth through 2026.
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