System Infrastructure Software - Vietnam

In Vietnam, the System Infrastructure Software market is estimated to achieve a revenue of US$111.20m by the year 2024.
Furthermore, it is anticipated that this market will experience a compound annual growth rate (CAGR 2024-2029) of 5.22%, ultimately leading to a market volume of US$143.40m by 2029.
When compared globally, it is worth noting that United States is projected to generate the highest revenue in this market, amounting to US$80.08bn in 2024.
Vietnam's growing tech industry is driving demand for system infrastructure software, making it a lucrative market for software companies.

Definition:

The System Infrastructure Software market covers the type of software solutions that are designed to help manage and maintain the underlying infrastructure that supports an organization's applications and data. This includes a wide range of tools and technologies that help manage the physical and virtual infrastructure, including operating systems, middleware, virtualization, networking, storage, and security.

Products in the System Infrastructure Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Examples in the System Infrastructure Software market include operating systems such as Microsoft Windows Server, Red Hat Enterprise Linux, and Ubuntu Server; virtualization software such as VMware and Hyper-V; networking software such as Cisco IOS and Junos OS; and storage software such as EMC VMAX and NetApp.

Additional Information:

The System Infrastructure Software market comprises revenue and revenue growth as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G).

Key players in this market include Microsoft, RedHat, and Cisco.

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Operating system software, such as Microsoft Windows, Linux Operating System, and Apple macOS
Storage management software, such as AWS Storage Gateway, Azure Archive Storage, and Cisco UCS Manager
IT management software, such as ManageEngine OpManager, NinjaOne, and Freshservice
Security software, such as CrowdStrike, Palo Alto Networks, and Proofpoint
Consumer and enterprise spend, such as Airbase, Spendesk, and Procurify

Application development and deployment software, such as Android Studio, Microsoft Visual Studio, and Google Cloud Platform
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Infrastructure as a service (Iaas), such as Microsoft Azure, Alibaba Cloud, and DigitalOcean
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

As technology continues to advance, the demand for System Infrastructure Software in Vietnam is on the rise.

Customer preferences: Vietnamese customers are becoming more tech-savvy and are seeking out software solutions that can help them manage their IT infrastructure more efficiently. The market is being driven by a growing number of small and medium-sized enterprises (SMEs) that are looking for cost-effective solutions to manage their IT systems.

Trends in the market: One of the key trends in the System Infrastructure Software market in Vietnam is the increasing demand for cloud-based solutions. This is due to the fact that cloud-based solutions offer cost savings, scalability, and flexibility, which are all important factors for SMEs. Another trend in the market is the growing importance of cybersecurity. As more businesses in Vietnam rely on technology to run their operations, the need for robust cybersecurity solutions is becoming increasingly important.

Local special circumstances: Vietnam is a rapidly developing country with a young and tech-savvy population. The country has a large pool of skilled IT professionals who are driving innovation and growth in the technology sector. Additionally, the Vietnamese government has been actively promoting the development of the technology sector, which has helped to create a favorable environment for software companies.

Underlying macroeconomic factors: Vietnam's economy has been growing at a rapid pace in recent years, which has helped to fuel demand for System Infrastructure Software. The country has a large and growing SME sector, which is a key driver of economic growth. Additionally, Vietnam has a young and growing population, which is increasingly tech-savvy and is driving demand for technology solutions. Finally, the country's favorable business environment and government support for the technology sector are helping to attract investment and drive growth in the market.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations such as GDP, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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