New Study: Vietnam Information Technology Report Q4 2015
Fast Market Research recommends "Vietnam Information Technology Report Q4 2015" from Business Monitor International, now available
[USPRwire, Mon Oct 19 2015] The key component for our forecast for Vietnamese IT market growth outperformance over the medium term is our view that broad based economic growth will substantially deepen the retail hardware market. This view is supported by the introduction of a household growth forecast for Vietnam in the forecast section of the Q315 update. We forecast a compound annual growth rate ( CAGR ) of 11.6 % 2015-2019, with total spending expected to increase from 1.52% of GDP in 2014 to 1.57% in 2019. Meanwhile, Vietnam 's development as an outsourcing destination is a significant medium - term factor, with the services segment expected to expand rapidly. T here is also increasing momentum towards Vietnam becoming a global centre for electronics production as wages rise in China and manufacturers look to protect margins by moving to Vietnam, where wages are as little as a third of those in China.
Full Report Details at
Headline Expenditure Projections:
Computer Hardware Sales: VND37.0trn in 2014 and VND40.8trn in 2015, rising to VND57.5trn in 2019, CAGR of +10.1% in local currency terms. Forecast upgraded in Q315 after strong sales reported by local retailers in H115 for the Tet New Year holiday season.
Software Sales: VND9.0trn in 2014 and VND9.9trn in 2015, rising to VND16.1trn in 2019, CAGR of +12.4% in local currency terms. The enterprise software market as a whole set for strong growth, with security solutions a particularly strong sub-segment for vendors willing to accept narrow margins in a price-sensitive market.
IT Services Sales: VND13.7trn in 2014 and VND16.0trn in 2015, rising to VND29.8trn in 2019, CAGR of +16.8% in local currency terms. IT services forecast to outperform 2015-2019 as increased domestic demand for cloud computing and outsourcing services expected to drive strong growth.
The Vietnam Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's Vietnam Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Vietnam.
* Benchmark BMI's independent IT Industry forecasts for Vietnam to test other views - a key input for successful budgetary and strategic business planning in the Vietnamese IT market.
* Target business opportunities and risks in Vietnam's IT sector
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