Vietnam System Integrator Market is projected to grow at a CAGR of 8.9% during 2024-2030

Based on technology, SCADA systems attained the highest revenue share in Vietnam System Integrator Market – 6Wresearch

SCADA systems gained a majority revenue share in Vietnam System Integrator market in 2023 as they are crucial for industries such as manufacturing, utilities, oil & gas, where centralized control, monitoring, and data acquisition are essential for operational efficiency, safety, and regulatory compliance. Their extensive usage and critical role in controlling and monitoring industrial processes contributed to their high market share.

According to 6Wresearch, Vietnam System Integrator Market is projected to grow at a CAGR of 8.9% during 2024-2030. The system integrator market in Vietnam is anticipated to experience significant growth, propelled by robust 5G commercialization with an investment of USD 2.5 billion in the region. Furthermore, the Vietnamese government's proactive goal to localize 60% of auto industry production by 2025, is expected to further bolster the market in the upcoming years. In 2022, Vietnam intensified its digital transformation efforts under Industry 4.0, with a focus on AI and IoT to enhance competitiveness. The digital economy is projected to reach $45 billion by 2025, driving growth and innovation through heightened demand for system integrators.

System integrators in Vietnam face heightened cybersecurity risks due to the nation's significant internet usage and e-commerce sector, as they possess critical data and infrastructure information. Escalating cyber threats, with a surge in cybercrimes and significant losses OWING to cyberattacks, including data breaches, underscore the urgent need for robust security measures.

According to Vasudha, Senior Research Analyst, 6Wresearch, IT and Telecom segment garnered a major revenue share in the Vietnam System Integrator market in 2023, driven by an increase in IT spending which reached $25.7 billion in 2023 owing to businesses' adoption of advanced technologies such as AI, IoT, and 5G which necessitated seamless integration and optimization of intricate systems, consequently amplifying the demand for system integrators across the country.

The Vietnam System Integrator Market (2024-2030) report provides an in-depth analysis with 14 figures and 2 tables, covering 66 pages. The report comprehensively covers the market by technology, and and end users. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.