Vietnam Cybersecurity - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

According to Mordor Intelligence, the Vietnam cybersecurity market size is expected to grow from USD 310.22 million in 2025 to USD 355.36 million in 2026 and is forecast to reach USD 700.87 million by 2031 at 14.55% CAGR over 2026-2031.

This report Segments the Industry Into by Offering (Solutions, Services), by Deployment Mode (Cloud, On-Premise), by Organization Size (SMEs, Large Enterprises), and by End User (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, Others). The Market Forecasts are Provided in Terms of Value (USD).

Vietnam Cybersecurity Market Trends and Insights

Government digital-transformation agenda accelerating security spend

The National Digital Transformation Programme earmarks USD 100 million for cybersecurity and requires every public service to reach level-4 online maturity by 2025. Southern Power Corporation's near-total shift to electronic contracts, 5.6 million executed by December 2024, shows how public-sector adoption forces suppliers to meet the same security standards. Eight "Make in Vietnam" SOC platforms certified in 2023 further localize expertise and funding, ensuring domestic vendors secure a preferential foothold when public agencies procure security technology. Each government deployment creates a signaling effect that nudges private firms to match baseline controls, amplifying market demand.

Cashless-payment boom raising BFSI attack surface

Biometric verification became compulsory for transactions above VND 10 million in July 2024, yet fraud rings manipulated photo-based bypasses to siphon over VND 1,000 billion from multiple banks, underscoring gaps in facial-recognition accuracy. Vietcombank's AI-enabled anti-fraud engine stopped 40,000 suspicious transfers worth VND 160 billion within one month, demonstrating tangible returns on real-time threat analytics. Consequently, BFSI institutions channel higher budgets toward continuous authentication, behavioral analytics and transaction-monitoring suites, widening the Vietnam cybersecurity market.

Certified-talent shortage

Vietnam will need more than 700,000 cybersecurity specialists by 2028, yet 76% of firms already report staffing shortages, inflating salary costs and elongating deployment cycles.Brain drain to overseas employers worsens scarcity, while university curricula lag on hands-on training. The National Cybersecurity Association's 2025 nCademy platform offers AI-personalized courses, but its near-term impact on workforce volume remains limited. Vendors compensate by bundling remote managed services and low-touch SaaS tools, but project timelines still extend.

Other drivers and restraints analyzed in the detailed report include:

1. SME cloud-migration wave post-2023
2. Mandatory compliance with Cybersecurity Law and Decree 53/2022
3. Price-sensitive SME segment

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Solutions held 67.12% of the Vietnam cybersecurity market in 2025, led by network-security equipment and infrastructure protection mandated under Decree 53/2022. Demand for application, cloud, and identity-access security accelerates as enterprises migrate workloads and comply with biometric rules. Network-security refresh cycles align with hyperscale datacenter launches, while endpoint defenses expand alongside remote-work trends.

Services, though smaller, are projected to outpace products at a 14.86% CAGR through 2031 as organizations outsource security operations to bridge workforce shortages. Managed SOC, incident response retainer and compliance consulting anchor this surge. The Vietnam cybersecurity market size for Services is forecast to double by 2031, capturing budgets reallocated from capital purchases to operating expenses. Domestic providers leverage proximity and regulatory fluency, whereas global vendors win complex transformation projects.

Cloud deployments captured 56.02% of Vietnam cybersecurity market share in 2025, catalyzed by Viettel's 140 MW facility and CMC's USD 250 million campus that satisfy data-localization clauses.Small firms prize SaaS agility, while banks and ministries choose private clouds to retain custody of sensitive data. Demand for cloud-native firewalls, container security and workload-protection platforms scales in parallel.

On-premise estates persist in defense, energy and legacy-system heavy sectors, but even these embrace hybrid designs. Unified policy orchestration across multicloud, edge and premises environments becomes a procurement prerequisite, steering vendor roadmaps toward single-pane management. By 2031 the Vietnam cybersecurity market size for cloud-deployed controls is projected to eclipse on-premise spending by a two-to-one margin.

Complete Report Scope:

• By Offering
  • Solutions
    • Application Security
    • Cloud Security
    • Data Security
    • Identity and Access Management
    • Infrastructure Protection
    • Integrated Risk Management
    • Network Security Equipment
    • Endpoint Security
  • Services
    • Professional Services
    • Managed Services
• By Deployment Mode
  • Cloud
  • On-Premise
• By End-User Industry
  • BFSI
  • Healthcare
  • IT and Telecom
  • Industrial and Defense
  • Retail
  • Energy and Utilities
  • Manufacturing
  • Other End-User Industries
• By Organization Size
  • SMEs
  • Large Enterprises

List of Companies Covered in this Report:

1. Viettel Cyber Security
2. FPT Information System
3. CMC Cyber Security
4. VNPT Information Security Center
5. CyRadar (Bkav)
6. BKAV Corporation
7. HPT Vietnam Corporation
8. Savis Technology Group
9. IBM Vietnam Co., Ltd.
10. Cisco Systems Vietnam
11. Microsoft Vietnam
12. Dell Technologies Vietnam
13. Palo Alto Networks VN Rep. Office
14. Fortinet Vietnam
15. Amazon Web Services Vietnam
16. Kaspersky Lab Vietnam
17. Check Point Indochina
18. Trend Micro Vietnam
19. Mandiant (Google Cloud) Vietnam
20. Secureworks (SG and VN)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support