Vietnam Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Vietnam Cyber Security Market Report Segments the Industry Into by Offering (Solutions, Services), by Deployment Mode (Cloud, On-Premise), by Organization Size (SMEs, Large Enterprises), and by End User (BFSI, Healthcare, IT and Telecom, Industrial & Defense, Retail, Energy and Utilities, Manufacturing, Others). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam Cybersecurity Market Size and Share

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Vietnam Cybersecurity Market Analysis by Mordor Intelligence

The Vietnam Cybersecurity Market is expected to register a CAGR of 16.80% during the forecast period.

Demand scales rapidly as mandatory data-localization rules under Decree 53/2022 and Personal Data Protection Decree 13/2023 compel enterprises to harden digital defenses, while a USD 100 million public-sector budget accelerates national cyber-resilience programs. Cloud migration among small and midsized enterprises (SMEs), hyperscale datacenter build-outs by Viettel, AWS and FPT, and rising biometric mandates in banking further expand the Vietnam cybersecurity market by widening both the threat surface and compliance burden. At the same time, a projected shortage of 700,000 skilled professionals through 2028 inflates service-provider demand and enhances the pricing power of qualified vendors. Fragmented enforcement, SME price sensitivity and import tariffs on security appliances temper the overall growth trajectory but do not derail it given the scale of digital-sovereignty investment.

Key Report Takeaways

By offering, Solutions commanded 67.7% of Vietnam cybersecurity market share in 2024, while Services are projected to advance at a 15.2% CAGR to 2030. 

By deployment mode, Cloud held 56.5% share of the Vietnam cybersecurity market size in 2024 and is forecast to expand at 17.5% CAGR through 2030. 

By organization size, Large enterprises accounted for 61.1% of Vietnam cybersecurity market share in 2024, whereas SMEs are set to grow at an 18.3% CAGR to 2030. 

By end-user industry, BFSI led with 27.9% revenue share in 2024; Healthcare is the fastest-growing vertical at 19.4% CAGR through 2030.

Segment Analysis

By Offering: Solutions underpin foundations while Services close the skills gap

Solutions held 67.7% of the Vietnam cybersecurity market in 2024, led by network-security equipment and infrastructure protection mandated under Decree 53/2022. Demand for application, cloud, and identity-access security accelerates as enterprises migrate workloads and comply with biometric rules. Network-security refresh cycles align with hyperscale datacenter launches, while endpoint defenses expand alongside remote-work trends. 

Services, though smaller, are projected to outpace products at a 15.2% CAGR through 2030 as organizations outsource security operations to bridge workforce shortages. Managed SOC, incident response retainer and compliance consulting anchor this surge. The Vietnam cybersecurity market size for Services is forecast to double by 2030, capturing budgets reallocated from capital purchases to operating expenses. Domestic providers leverage proximity and regulatory fluency, whereas global vendors win complex transformation projects.

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By Deployment Mode: Cloud gains ascendancy amid sovereignty-ready datacenters

Cloud deployments captured 56.5% of Vietnam cybersecurity market share in 2024, catalyzed by Viettel’s 140 MW facility and CMC’s USD 250 million campus that satisfy data-localization clauses.Small firms prize SaaS agility, while banks and ministries choose private clouds to retain custody of sensitive data. Demand for cloud-native firewalls, container security and workload-protection platforms scales in parallel. 

On-premise estates persist in defense, energy and legacy-system heavy sectors, but even these embrace hybrid designs. Unified policy orchestration across multicloud, edge and premises environments becomes a procurement prerequisite, steering vendor roadmaps toward single-pane management. By 2030 the Vietnam cybersecurity market size for cloud-deployed controls is projected to eclipse on-premise spending by a two-to-one margin.

By Organization Size: SME momentum outpaces large-enterprise incumbency

Large enterprises contributed 61.1% of Vietnam cybersecurity market revenue in 2024, purchasing integrated risk-management suites, advanced SIEM and zero-trust architectures[3]Viettel Cloud, “Comprehensive Security Service Portfolio,” viettel.com.vn . Banks, telcos and conglomerates negotiate volume contracts that bundle software, appliances and services. Their procurement criteria emphasize interoperability with existing systems and local support. 

SMEs, however, register the fastest 18.3% CAGR as cloud adoption democratizes access to enterprise-grade security. VNPT’s OneSME.vn testimonies show transaction volumes near VND 600 billion in 2024, reflecting growing trust in digital channels 

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By End-User Industry: BFSI retains lead, Healthcare accelerates

BFSI accounted for 27.9% of Vietnam cybersecurity market size in 2024, absorbing 71% of all reported cyberattacks.Real-time payment networks, digital-only banks and biometric mandates together necessitate continuous transaction monitoring, fraud analytics and secure API gateways. Banks invest in layered defense to preserve customer trust and regulatory compliance. 

Healthcare posts the highest 19.4% CAGR through 2030 as electronic health records and telemedicine propagate sensitive personal data across distributed devices. Government funding for smart hospitals and IoT medical infrastructure magnifies attack risk, prompting demand for HIPAA-aligned encryption, medical-device segmentation and identity governance. Industrial & Defense, IT & Telecom, Retail, Manufacturing, and Energy & Utilities segments also expand steadily as each sector digitizes mission-critical operations.

Competitive Landscape

The vendor field remains fragmented; the top five suppliers collectively control less than 35% of Vietnam cybersecurity market revenue, conferring ample headroom for challengers. Domestic leaders Viettel Cyber Security, FPT Information System and CMC Cyber Security combine full-stack offerings with government relationships, often winning regulated-industry contracts. Viettel’s April 2025 spin-out endowed it with 500 specialists and a mandate to penetrate Japan and the Philippines, while its researchers disclosed more than 400 zero-day vulnerabilities in global software in the past 18 months, elevating brand credibility.

Global majors, IBM, Cisco, Microsoft, Palo Alto Networks, ramp local footprints through technology-transfer, joint labs and Vietnamese-language threat-intelligence portals. Partnerships such as OPSWAT-Bkav’s multiscanning alliance boost detection accuracy to over 99%, showcasing the value of hybrid global-local engineering bkav.com. White-space opportunities flourish in cybersecurity insurance, industrial-IoT security and SME-focused MDR, niches now addressed by Viettel Money, VBI, CyStack and DrayTek. 

Talent scarcity shapes competitive strategy: companies differentiate via in-house academies, vendor-neutral certification sponsorships and automated configuration toolkits that minimize human oversight. Further, regulatory expertise emerges as a sales lever; vendors able to guide clients on Decree 53/2022 audit preparation hold a distinct edge. Over the forecast horizon, incremental consolidation is likely but large-scale mergers face cultural-fit and valuation hurdles, sustaining moderate fragmentation.

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Vietnam Cybersecurity Industry Leaders

  1. IBM Vietnam Co., Ltd

  2. HPT Vietnam Corporation

  3. Cisco Systems, Inc

  4. CMC Corporation

  5. Amazon Web Services, Inc

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Cybersecurity Market Concentration
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Recent Industry Developments

  • July 2025: CMC Corp. secured approval for a USD 250 million hyperscale datacenter in Ho Chi Minh City to support cloud and cybersecurity workloads.
  • July 2025: National Cyber Security Technology Co. launched a 300 Gbps AI-enhanced firewall optimized for local chipsets.
  • June 2025: Vietcombank’s automated fraud-detection system blocked 40,000 suspicious transfers worth VND 160 billion.
  • May 2025: CMC Telecom unveiled an AI-driven security platform spanning SecOps, cloud and risk management.

Table of Contents for Vietnam Cybersecurity Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Government Digital-Transformation Agenda Accelerating Security Spend
    • 4.2.2 Cashless-Payment Boom Raising BFSI Attack Surface
    • 4.2.3 SME Cloud-Migration Wave Post-2023
    • 4.2.4 Mandatory Compliance with Vietnam Cybersecurity Law & Decree 53/2022
    • 4.2.5 Hyperscale Datacenter Build-outs (Viettel, AWS, FPT)
    • 4.2.6 Rising State-sponsored APT Attacks on Critical Infrastructure
  • 4.3 Market Restraints
    • 4.3.1 Certified-Talent Shortage
    • 4.3.2 Price-Sensitive SME Segment
    • 4.3.3 Fragmented Regulatory Enforcement
    • 4.3.4 High Import Tariffs on Security Appliances
  • 4.4 Value / Supply-Chain Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry
  • 4.8 Investment Analysis
  • 4.9 Assessment of Macroeconomic Factors

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Offering
    • 5.1.1 Solutions
    • 5.1.1.1 Application Security
    • 5.1.1.2 Cloud Security
    • 5.1.1.3 Data Security
    • 5.1.1.4 Identity & Access Management
    • 5.1.1.5 Infrastructure Protection
    • 5.1.1.6 Integrated Risk Management
    • 5.1.1.7 Network Security Equipment
    • 5.1.1.8 Endpoint Security
    • 5.1.2 Services
    • 5.1.2.1 Professional Services
    • 5.1.2.2 Managed Services
  • 5.2 By Deployment Mode
    • 5.2.1 Cloud
    • 5.2.2 On-Premise
  • 5.3 By End-User Industry
    • 5.3.1 BFSI
    • 5.3.2 Healthcare
    • 5.3.3 IT and Telecom
    • 5.3.4 Industrial and Defense
    • 5.3.5 Retail
    • 5.3.6 Energy and Utilities
    • 5.3.7 Manufacturing
    • 5.3.8 Others
  • 5.4 By Organization Size
    • 5.4.1 SMEs
    • 5.4.2 Large Enterprises

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)
    • 6.4.1 Viettel Cyber Security
    • 6.4.2 FPT Information System
    • 6.4.3 CMC Cyber Security
    • 6.4.4 VNPT Information Security Center
    • 6.4.5 CyRadar (Bkav)
    • 6.4.6 BKAV Corporation
    • 6.4.7 HPT Vietnam Corporation
    • 6.4.8 Savis Technology Group
    • 6.4.9 IBM Vietnam Co., Ltd.
    • 6.4.10 Cisco Systems Vietnam
    • 6.4.11 Microsoft Vietnam
    • 6.4.12 Dell Technologies Vietnam
    • 6.4.13 Palo Alto Networks VN Rep. Office
    • 6.4.14 Fortinet Vietnam
    • 6.4.15 Amazon Web Services Vietnam
    • 6.4.16 Kaspersky Lab Vietnam
    • 6.4.17 Check Point Indochina
    • 6.4.18 Trend Micro Vietnam
    • 6.4.19 Mandiant (Google Cloud) Vietnam
    • 6.4.20 Secureworks (SG & VN)

7. Market Opportunities & Future Outlook

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Vietnam Cybersecurity Market Report Scope

Cybersecurity solutions help organizations monitor, report, and counter cyber threats to maintain data confidentiality. The adoption of cybersecurity solutions is expected to grow in line with the rising internet penetration among developing and developed countries. The need for cybersecurity has increased as every system in today's world is connected to the internet, making data more accessible to cybercriminals.

Vietnam cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solution types] and services [professional services and managed services]), by deployment (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user vertical (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Offering Solutions Application Security
Cloud Security
Data Security
Identity & Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
Endpoint Security
Services Professional Services
Managed Services
By Deployment Mode Cloud
On-Premise
By End-User Industry BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail
Energy and Utilities
Manufacturing
Others
By Organization Size SMEs
Large Enterprises
By Offering
Solutions Application Security
Cloud Security
Data Security
Identity & Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
Endpoint Security
Services Professional Services
Managed Services
By Deployment Mode
Cloud
On-Premise
By End-User Industry
BFSI
Healthcare
IT and Telecom
Industrial and Defense
Retail
Energy and Utilities
Manufacturing
Others
By Organization Size
SMEs
Large Enterprises
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Key Questions Answered in the Report

What is the current size of the Vietnam cybersecurity market?

It stands at USD 0.28 billion in 2025 and is projected to reach USD 0.56 billion by 2030.

Which segment grows fastest in the Vietnam cybersecurity market?

Cloud-deployed security leads, expanding at 17.5% CAGR as enterprises migrate workloads to local hyperscale datacenters.

How severe is Vietnam’s cybersecurity talent shortage?

The country faces a deficit of more than 700,000 professionals through 2028, creating implementation bottlenecks and boosting demand for managed services.

Why is the banking sector a prime adopter of cybersecurity solutions?

BFSI experiences 71% of all Vietnamese cyberattacks, compelling banks to embed real-time fraud analytics, biometric authentication and zero-trust architectures.

What regulations most influence market spending?

Decree 53/2022 on data localization and Personal Data Protection Decree 13/2023 collectively drive mandatory investments in localized infrastructure, compliance automation and encryption.

Which regions attract the bulk of cybersecurity investment?

Ho Chi Minh City and Hanoi dominate due to datacenter concentration, skilled workforce and proximity to regulators, although provincial SOCs are expanding reach nationwide.

Page last updated on: July 15, 2025

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