Market Size of vietnam data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 169.79 MW |
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Market Volume (2029) | 242.42 MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 7.38 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Vietnam Data Center Market Analysis
The Vietnam Data Center Market size is estimated at 169.79 MW in 2024, and is expected to reach 242.42 MW by 2029, growing at a CAGR of 7.38% during the forecast period (2024-2029).
USD 953.34 Million
Market Size in 2024
USD 1308.4 Million
Market Size in 2029
5.2%
CAGR (2016-2021)
6.6%
CAGR (2022-2029)
IT Load Capacity
169.8 MW
Value, IT Load Capacity, 2024
The growth of cloud computing, increased penetration of foreign cloud vendors, government regulations on local data security, and increased investment by domestic players are some of the factors expected to create need of data centers.
Total Raised Floor Space
Sq. Ft. 0.63 M
Volume, Raised Floor Space, 2024
The total raised floor area of the country is expected to reach 0.87 million sq. ft by 2029. VNPT and Gaw Capital are some of the upcoming hyperscale facilities with IT load capacities of 10 MW and 20 MW, respectively.
Installed Racks
31,969
Volume, Installed Racks, 2024
The total number of installed racks is expected to reach 43,875 units by 2029. Ho Chi Minh City is expected to house the maximum number of racks in the coming years.
# of DC Operators & DC Facilities
18 and 32
Volume, DC Facilities, 2024
The data centers in the region are majorly tier 3 facilities with a gradual inclination toward tier 4 DC standards. This transformation will improve the DC performance and reduce the downtime of facilities.
Leading Market Player
25.2%
Market Share, FPT Telecom Joint Stock Company, 2023
FPT Telecom Joint Stock Company is the leading player in the Vietnamese market. It is projected to continue its leadership. It provides over 30,000 dedicated servers across popular brands, such as Dell, HP, and IBM.
Tier 3 data centers accounts for majority market share in 2023, Tier-4 is the fastest growing in forecasted period
- The growth in uninterrupted business services is causing Tier 1 & 2 facilities to lose demand. A growing number of global companies are creating business continuity services and shifting priority to tier 3 data centers.
- The tier 3 sector in the Vietnamese data center market reached an IT load capacity of 119.56 MW in 2022. It is expected to register a CAGR of 2.23% to reach 139.56 MW by 2029. There is an increased investment in data center infrastructure and technological advancements. It is expected to create lucrative opportunities for market growth in 2029.
- Online entertainment, such as video and music streaming and games, was another activity gaining momentum among internet users across Vietnam. In rural areas, video and movie streaming has been one of the major daily online activities in recent years. YouTube was the most popular movie streaming platform. These services need data center facilities with minimum downtime and 24/7 support, which tier 3 facilities can offer.
- In 2021, 22% of people were estimated to use the internet for more than 9 hours a day for studying, entertainment, and shopping, with the majority on their smartphones. Vietnam had 77.93 million internet users in January 2023. The number of users increased by 5.3 million (+7.3%) between 2022 and 2023.
- The Vietnamese market is nascent for tier 4 facilities since it has many infrastructural inefficiencies and hiccups. Hence, as per analysis, the market has not witnessed any developments for the highest tier-based facilities.
Understand The Key Trends Shaping This Market
