Vietnam Cyber Security Market to Surpass USD 350.48 Million During the Forecast Period
Increasing instances of cyber-attacks and increasing demand for cloud based systems to drive the growth of Vietnam Cyber Security market in the forecast period, 2022-2026. According to TechSci Research report, “ Vietnam Cyber Security Market , By Region, Competition, Opportunity and Forecast, 2016-2026”, Vietnam Cyber Security market stood at USD142.12 million in 2020 and is expected to grow at a double-digit CAGR of 16.52% during the forecast period on account of surge in the adoption of cloud computing services and increased cyber-attacks on government infrastructure. The expansion of the IT sector in Vietnam has enticed many foreign cloud service giants, including Google, Amazon Web Services (AWS), and Alibaba, to enter and expand in the market. The public sector is transitioning to cloud-based business models, and the COVID-19 pandemic has accelerated that transition, increasing the need for data security. The rising popularity of cloud computing services, owing to t...