Vietnam Data Center Colocation Market - Supply & Demand Analysis 2024-2029

COLOCATION DEMAND AND SUPPLY HIGHLIGHTS

The Vietnam data center colocation market size was valued at USD 125 million in 2023 and is expected to reach USD 235 million by 2029, growing at a CAGR of 11.09% during the forecast period. Vietnam has around 26 operational colocation data centers, most of which are being developed according to Tier III standards. The Vietnam data center colocation market has the presence of several data center operators such as FPT Telecom, Viettel IDC, CMC Telecom, VNPT, VNTT, and ST Telemedia Global Data Centres that stand as prominent colocation service providers in Vietnam. FPT Telecom, VNPT, and Viettel IDC contribute to around 70% of the IT load capacity in the market.

Vietnam presents several favorable business conditions, including a stable political system, sustained economic and market growth history, a sizable pool of young and skilled workers, strategic proximity to key emerging economies in East Asia, and a relatively open foreign direct investment (FDI) environment. The nation’s business-friendly policies distinguish it within the Southeast Asian region, attracting a steady inflow of foreign capital. Further, in August 2024, the new Telecommunications Law became effective and removed the restrictions on foreign ownership for data centers and cloud operators. This marks a significant change from the existing 49% limit on foreign investment in numerous other regional sectors.

The country has significant potential for growth in the data center industry in the coming years. The average occupancy of data center facilities is expected to reach around 90%, indicating that the vacancy rate will be only around 10% by 2029. Furthermore, the Vietnam data center colocation market is growing rapidly, driven by digitalization, cloud adoption, and a rise in submarine connectivity to boost internet connectivity in the region. For instance, In April 2023, Amazon Web Services announced the forthcoming launch of an AWS local zone in Hanoi. This initiative aims to allow customers to access AWS services with minimal latency.

WHATS INCLUDED?

1. A transparent research methodology and insights on the market's colocation of demand and supply.
2. Market size is available in terms of utilized white floor area, IT power capacity, and racks.
3. Market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.
4. An assessment and snapshot of the colocation investment regarding core & shell area, power, and rack in Vietnam and comparison between APAC countries.
5. The study of the existing Vietnam data center market landscape and insightful predictions about industry size during the forecast period.
6. An analysis of the current and future colocation demand in Vietnam by several industries. 
7. Study on sustainability status in the region
8. Analysis of current and future cloud operations in the region.
9. Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.
10. Snapshot of existing and upcoming third-party data center facilities in Vietnam
11. Facilities Covered (Existing): 26
12. Facilities Identified (Upcoming): 13
13. Coverage: 4 locations
14. Existing vs. Upcoming (White Floor Area)
15. Existing vs. Upcoming (IT Load Capacity)
16. Data Center Colocation Market in the Vietnam
17. Colocation Market Revenue & Forecast (2023-2029)
18. Retail Colocation Revenue (2023-2029)
19. Wholesale Colocation Revenue (2023-2029)
20. Retail Colocation Pricing along with Addons
21. Wholesale Colocation Pricing along with the pricing trends. 
22. An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Vietnam data center colocation industry.
23. Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
24. The vendor landscape of each existing and upcoming colocation operator is based on the existing/ upcoming count of data centers, white floor area, IT power capacity, and data center location.

TARGET AUDIENCE

1. Real Estate Investment Trusts (REIT)
2. Construction Contractors
3. Infrastructure Providers
4. New Entrants
5. Consultants/Consultancies/Advisory Firms
6. Corporate & Governments Agencies