Now Available: Vietnam Information Technology Report Q3 2014

We forecast IT spending will grow at a compound annual growth rate ( CAGR ) of 12.6 % between 2014 and 2018 , with expansion underpinned by rising incomes, enterprise modernisation and the policy environment put in place by the government. We also highlight larger opportunities in the retail market where penetration of devices and services remains below the level in neighbouring markets , which vendors will be able to tap as incomes rise. The government is also a significant factor underpinning our bright outlook as it pursues a range of ICT initiatives and allocates funding to develop Vietnam's domestic IT industry. These policies include the promotion of Vietnam as an outsourcing destination, with the services segment expected to expand rapidly. T here is also increasing momentum towards Vietnam becoming a global centre for electronics production as wages rise in China and manufacturers look to protect margins by moving to Vietnam , where wages are as little as a third of those in China.

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Headline Expenditure Projections

* Computer Hardware Sales: VND38.2trn in 2014 to VND57.3trn in 2018, CAGR of +10.7% in local currency terms. Rising incomes, declining device prices and improved credit provision underpin demand growth across all three main device categories.
* Software Sales: VND8.4trn in 2014 to VND14.6trn in 2018, CAGR of +15.0% in local currency terms. Piracy continues to be a drag on the market, but there are large opportunities in business software and security solutions for vendors willing to accept narrow margins in a price-sensitive market.
* IT Services Sales: VND16.5trn in 2013 to VND29.4trn in 2018, CAGR of +15.7% in local currency terms. The services segment is forecast to outperform due to strong domestic demand for cloud computing, and a boom in investment for outsourcing provision to Japanese enterprises.

Key Trends & Developments

One opportunity that stands out in Vietnam is for tailored solutions...

The Vietnam Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Vietnam Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Vietnam.

Key Benefits

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