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Vietnam Cyber Security Market Research Report And Forecast: Ken Research
What Are The Major Challenges In The Vietnam Cyber Security Market?
Lack of government regulations is posing one of the biggest challenges in the Vietnam cyber security market which has been one of the major reasons in the exposure of the Vietnamese market to the cyber threats.
Vietnam is a very price-sensitive economy where people tend to opt for low-priced products and services, hence, budget constraint is one of the biggest challenges that the Small and the Medium Enterprises (SMEs) are facing in Vietnam due to the expensive security services and solutions.
Various companiesenterprises in Vietnam avoid availing the cyber security services for their operations because of the Budget constraints. Cyber security requires both technological expertise and legal compliances which though present, is in small proportions in the country. The country lacks in digital and human resources skills, poor IT platform for digital transformation and lack in the IT workforce which results as a challenge in the cyber security market. Awareness and capacity for safe use of the internet by the majority of Vietnamese users is still limited despite the series of laws on information security and network security.
Competitive Landscape in Vietnam Cyber Security Market
Competition within the Vietnam cyber security market was witnessed to be moderately fragmented with the presence of both international as well as domestic players of services and solutions in the country. Some of major companies such as Juniper Network, Cisco Jean-Francois Gillet Belgium Jersey , Check Point Software Technologies, Symantec Corporation were witnessed to lead in terms of market share, followed by Hewlett Packard Enterprise Development LP, Kaspersky, Fortinet, CMC Corporation and others. Vietnam Jason Denayer Belgium Jersey , cyber security companies are gaining momentum in the country due to the increase in the awareness about the cyber crimes in the country. With the development of the economy their exposure to the cyber crimes has also seen an increase. Cyber security companies are adopting a certain combination of strong distribution network and innovative mid-price models along with added features to make a value-add to the end user. These companies are offering multiple value added services such as advisory services, implementation services, managed services, onsite technical services, remote operational services and many more.
Vietnam Cyber Security Market Future Outlook and Projections
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28.12.2019 08:55
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