According to Arizton’s latest research report, the Vietnam data center market is growing at a CAGR of 17.93% during 2024-2030.
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Report Scope:
Market Size -Investment (2030): $1.75 Billion
Market Size – Area (2030): 434 Thousand Sq. Ft
Market Size – Power Capacity (2030): 86 MW
CAGR -Investment (2024-2030): 17.93%
Colocation Market Size – Revenue (2030): $626 Million
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Fire Detection and Suppression Systems in Vietnam’s Data Centers
Fire detection and suppression systems are essential for ensuring safety in data centers in Vietnam. Many data centers in the country, such as NTT DATA’s Ho Chi Minh City 1 facility, ST Telemedia Global Data Centres’ STT VNG Ho Chi Minh City 1, and Edge Centres’ EC52 in Hanoi, are equipped with advanced fire safety technologies.
These facilities commonly use Very Early Smoke Detection Apparatus (VESDA) systems for early smoke detection, ensuring quick response to potential fires. In addition, gas-based fire suppression systems, such as environmentally friendly extinguishing gases, FM200, and CO2, are widely utilized to suppress fires without damaging sensitive equipment.
The use of VESDA for fire detection and gas suppression systems is a standard approach across Vietnam’s data centers, providing reliable fire safety and protection for critical infrastructure.
Vietnam’s Growing Demand for IoT, Big Data, and Digitalization Fuels Data Center Growth
Vietnam is experiencing rapid growth in the adoption of IoT-based services across industries such as manufacturing, logistics, healthcare, and lifestyle. Big data is also gaining traction in sectors like online payments, internet banking, and e-commerce. The government’s Digital Infrastructure Strategy aims for every citizen to have one IoT connection by 2025 and four by 2030.
The revenue from Vietnam’s IoT market is projected to reach $2-3 billion by 2024, growing to $4-5 billion by 2029, with significant investments from sectors like BFSI, healthcare, education, and telecom. The country’s internet penetration rate stands at 79.1%, with over 73% of the population actively using social media, fueling increased data generation.
Digitalization, driven by improved infrastructure and internet availability, is booming in sectors such as healthcare, education, and agriculture, pushing the demand for data centers to meet rising data needs. In 2023, Vietnam’s digital economy contributed over 12% to GDP, and the government is promoting digital payment systems through initiatives like NAPAS.
As Vietnam’s digital economy continues to expand, the demand for data centers will grow substantially in the coming years, driven by increasing data traffic and the government’s digitalization efforts.
Existing & Upcoming Data Center Considerations by Arizton
We have identified over 26 unique third-party data center facilities in Vietnam, excluding enterprise-owned data centers. These facilities include those where service providers offer services through other operators’ data centers, which are considered part of the existing infrastructure.
The data presented for these facilities includes both actual and estimated figures. Estimations were made when actual data for white floor area or power capacity was unavailable. Data centers with operational first phases are classified as existing, with full-build white floor area and capacity considered.
Facilities that have phase one under construction are categorized as upcoming data centers. For market estimates regarding investments, area, and power capacity, the report incorporates phase-wise investments and on-premise data center investments to estimate the market size.
Vietnam Data Center Market Poised for Significant Growth
Vietnam’s data center market is experiencing rapid growth, driven by increasing demand for cloud services, digital transformation, and the rise of technologies like AI, IoT, and big data analytics. With social media penetration reaching 73% and nearly 73 million users as of early 2024, digital content consumption is a major driver.
Key developments include:
Vietnam is also expanding its inland connectivity, with four operational submarine cables and additional ones planned to enhance global connections. With 14 data center projects in various stages, the market is set to experience substantial growth, providing significant opportunities for investors over the next 3-4 years.
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Vendor Landscape
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
New Entrants
Key Questions Answered in the Report:
How big is the Vietnam data center market?
How many existing and upcoming data center facilities exist in Vietnam?
How much MW of power capacity will be added across Vietnam during 2025-2030?
What is the growth rate of the Vietnam data center market?
What factors are driving the Vietnam data center market?
Who are the key investors in the Vietnam data center market?
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