Vietnam Information Technology Report Q2 2016: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Apr 27 2016

Vietnam is a rapidly developing IT market, with strong momentum across the hardware, software and services segments. We expect this growth dynamic to be maintained over the medium term based on robust economic performance and a supportive policy framework that is both helping to grow the market and develop Vietnam's IT industry. For the retail hardware market b road- based economic growth that will deepen the retail hardware market, as well as easing price sensitivity in the higher-value replacement market is a central component of our outlook. For software and services economic modernisation and the development of higher productivity verticals in the economy present major opportunities to vendors. We forecast an IT spending CAGR of 10.2% over 2016-2020 to total sales of VND103.4trn in 2020.

Full Report Details at

Latest Updates And Industry Developments

Computer Hardware Sales: VND42.3trn in 2016 to VND55.3trn in 2020, a compound annual growth rate (CAGR) of +6.9%. Outlook downgraded in Q216 due to expectation for greater cannibalisation of tablet purchases by smartphones, but overall outlook still positive due to income growth trends.
Software Sales: VND10.8trn in 2016 to VND17.8trn in 2020, a CAGR of +13.3%. Substantial opportunities exist in enterprise software market where there is low penetration.
IT Services Sales: VND17.1trn in 2016 to VND30.3trn in 2020, a CAGR of +15.4%. Potential for core solution spending growth, and a booming cloud computing and outsourcing markets expected to underpin IT services outperformance 2016-2020.

The Vietnam Information Technology Report features BMI Research'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
Benchmark BMI's independent IT Industry forecasts for Vietnam to test other views - a key input for successful budgetary and strategic business planning in the Vietnamese IT market.
Target business opportunities and risks in Vietnam's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Vietnam.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


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