TechSci Press Release

Vietnam Software as a Service (SaaS) market is expected to grow with a steady CAGR for the forecast period, 2023-2027. The development of the ICT infrastructure in the country and the growing demand from the prominent industry verticals such as healthcare, telecommunication, retail, telecommunication, and other sectors are driving the demand of the Vietnam Software as a Service market. The growing adoption of cloud services by organizations as they offer several advantages such as scalability, affordability, improved accessibility. Software as a Service help organizations to reduce the up-front cost as it requires no up-front licensing fees and is subscription-based. It also helps in converting capital expenses into operational expenses as it eliminates the need for additional hardware and middleware and significantly reduces the installation and implementation costs. The adoption of Software as a Service by organizations to lower unpredictable costs of managing, patching, and updatin...