The IT market in Vietnam is relatively undeveloped compared with most Asia Pacific markets, but as it outperforms with rapid 'catch-up' growth the IT sector will account for a growing share of GDP over the du-ration of our five-year forecast to 2019. We also highlight the development of Vietnam's local IT industry, with software development and outsourcing services firms developing rapidly and positioned to benefit from large foreign enterprises seeking lower-cost locations over the medium-term. VENN Research forecasts the IT market in Vietnam will expand at a compound annual growth rate (CAGR) of 11.7% forecast for 2015-2019, and the market is expected to reach a value of almost VND103.8 Trillion in 2019.
This report highlights the Vietnam IT sector including Software, Hardware, and IT Services in terms of market share, key trends, market players and competitive scenario in the market. It also covers the market trends around cloud, managed IT services and the emerging Startups with the region.
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