Vietnam Data Center Market 2030 Size, Top Players Profile, Industry Trends & Future Forecast

According to TechSci Research report, “Vietnam Data Center Market Report– By Region, Competition Forecast & Opportunities, 2030F, Vietnam Data Center Market has valued at USD 1578 Million in 2024 and is expected to reach USD 3531.7 Million in 2030 and project robust growth in the forecast period with a CAGR of 14.2% through 2030.

Vietnam’s digital economy is undergoing a rapid and irreversible transformation, positioning the country as one of Southeast Asia’s most dynamic technology-driven markets. At the core of this transformation lies the data center industry, which serves as the backbone for cloud computing, mobile connectivity, enterprise digitization, e-commerce, artificial intelligence, and emerging technologies such as the Internet of Things (IoT) and 5G.

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Industry Key Highlights

Vietnam’s data center market is expanding at a double-digit CAGR, driven by digital transformation and cloud adoption.
Rising internet penetration and smartphone usage are significantly increasing data traffic and storage requirements.
The rollout of 5G networks is expected to accelerate demand for high-density, low-latency data center infrastructure.
Central Vietnam has emerged as the fastest-growing regional market due to strategic location, infrastructure development, and smart city initiatives.
The Corporate data center segment dominates the market, supported by enterprise digitization and regulatory requirements.
Cloud computing, AI, big data analytics, and IoT are reshaping data center design and capacity planning.
Sustainability and green data centers are gaining importance as operators focus on energy efficiency and environmental responsibility.

Key Growth Drivers of the Vietnam Data Center Market

Rising Internet Penetration and Mobile Connectivity

One of the most influential drivers of data center growth in Vietnam is the dramatic increase in internet usage and mobile connectivity. Over the past decade, Vietnam has witnessed a surge in smartphone adoption, supported by declining device costs, affordable data plans, and widespread 4G network coverage.

Vietnamese consumers are increasingly engaging in data-intensive activities such as online shopping, digital payments, social networking, video streaming, and online gaming. Each of these activities generates massive volumes of data that must be processed, stored, and delivered in real time—fueling demand for reliable data center infrastructure.

As digital lifestyles become deeply ingrained in daily life, data centers play a crucial role in ensuring uninterrupted service availability, high-speed connectivity, and data security.

Digital Transformation Across Industries

Vietnamese enterprises across sectors such as banking, manufacturing, retail, healthcare, and telecommunications are undergoing rapid digital transformation. Businesses are adopting cloud-based platforms, enterprise software, and data analytics tools to enhance productivity, improve customer experience, and gain competitive advantage.

This shift toward digital operations has created a strong demand for scalable and secure data center solutions capable of supporting mission-critical workloads. Enterprises require high-performance computing environments to manage complex applications, large datasets, and real-time analytics.

Expansion of Cloud Computing and Hybrid IT Models

Cloud computing has become a cornerstone of Vietnam’s digital economy. Enterprises are increasingly adopting hybrid and multi-cloud strategies to balance flexibility, scalability, and regulatory compliance. This trend is driving demand for colocation and hyperscale data centers that offer robust connectivity, redundancy, and security.

Data centers are evolving from traditional storage facilities into intelligent digital hubs that support cloud-native applications, virtualization, and distributed computing environments.

Upcoming Rollout of 5G Technology

The introduction of 5G technology is expected to significantly reshape Vietnam’s data center landscape. 5G networks require ultra-low latency, higher bandwidth, and dense infrastructure deployment to support advanced applications such as augmented reality (AR), virtual reality (VR), smart manufacturing, and autonomous systems.

To meet these requirements, data centers must be strategically located and equipped with high-capacity networking capabilities. The rise of edge data centers—designed to process data closer to end users—is expected to gain momentum alongside nationwide 5G deployment.

Emerging Trends in the Vietnam Data Center Market

Adoption of Green and Energy-Efficient Data Centers

Sustainability is becoming a central theme in Vietnam’s data center development. Operators are increasingly investing in energy-efficient cooling systems, renewable energy sources, and intelligent power management solutions to reduce operational costs and environmental impact.

Central Vietnam’s access to solar and wind energy presents opportunities for green data center projects that align with global sustainability goals.

Growth of Edge Computing Infrastructure

The proliferation of IoT devices, real-time analytics, and latency-sensitive applications is driving the adoption of edge computing. Edge data centers enable faster data processing by reducing the distance between data sources and computing resources.

This trend is particularly relevant for smart cities, autonomous systems, and industrial automation initiatives gaining traction across Vietnam.

Integration of Artificial Intelligence and Automation

AI-driven automation is transforming data center operations by optimizing energy usage, improving predictive maintenance, and enhancing security. Intelligent monitoring systems analyze performance metrics in real time, enabling proactive management and reduced downtime.

As AI adoption grows across industries, data centers must support high-performance computing workloads, further driving infrastructure investment.

Market Segmentation Analysis

Corporate Segment Dominance

In 2024, the Corporate segment emerged as the dominant segment in the Vietnam Data Center Market and is expected to maintain its leadership throughout the forecast period.

Large enterprises require dedicated data center infrastructure to manage sensitive information, comply with regulatory standards, and ensure operational continuity. Sectors such as BFSI, telecommunications, manufacturing, and retail rely heavily on secure and high-performance data environments.

The rise of Industry 4.0 technologies—including AI, IoT, and big data analytics—has intensified the need for advanced computing and storage capabilities, reinforcing the dominance of corporate data centers.

Multinational corporations entering Vietnam also contribute to this segment’s growth, as they seek local data center facilities that meet global security and performance standards.

Web Hosting Segment Growth

While the Corporate segment leads the market, the Web Hosting segment is also experiencing rapid growth. The expansion of e-commerce platforms, digital content providers, and online services is driving demand for scalable hosting solutions.

However, the Corporate segment’s focus on customized, high-performance infrastructure ensures its continued dominance in the overall market.

Key Market Players

Equinix Inc.
Digital Realty Trust Inc.
NTT Communications Corporation
Global Switch Limited
Telstra Group Limited
CyrusOne LLO
Kyndryl Inc.
KDDI Corporation
STT GDC Pte Ltd
Lumen Technologies Inc.

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Future Outlook

The future of the Vietnam Data Center Market is exceptionally promising. As Vietnam continues its journey toward becoming a regional digital powerhouse, data centers will remain at the heart of this transformation.

Over the next decade, market growth will be fueled by: