The total amount of data created, captured, copied, and consumed globally is forecast to increase rapidly, reaching *** zettabytes in 2024. Over the next five years up to 2028, global data creation is projected to grow to more than *** zettabytes. In 2020, the amount of data created and replicated reached a new high. The growth was higher than previously expected, caused by the increased demand due to the COVID-19 pandemic, as more people worked and learned from home and used home entertainment options more often. Storage capacity also growing Only a small percentage of this newly created data is kept though, as just * percent of the data produced and consumed in 2020 was saved and retained into 2021. In line with the strong growth of the data volume, the installed base of storage capacity is forecast to increase, growing at a compound annual growth rate of **** percent over the forecast period from 2020 to 2025. In 2020, the installed base of storage capacity reached *** zettabytes.

The Vietnam data center market is experiencing robust growth, driven by the nation's burgeoning digital economy, increasing cloud adoption, and government initiatives promoting digital transformation. Hanoi and Ho Chi Minh City, as major economic hubs, are the primary hotspots, accounting for a significant portion of the market share. The market is segmented by data center size (small, medium, mega, massive), tier type (Tier 1-4), and colocation type (hyperscale, retail, wholesale), reflecting a diverse range of service offerings catering to various customer needs. Key players include established telecommunication companies like Viettel, VNPT, and FPT Telecom, along with international players such as NTT and KDDI. The increasing demand for data storage and processing power from sectors like BFSI (Banking, Financial Services, and Insurance), e-commerce, and government agencies is fueling market expansion. The consistent growth in internet and mobile penetration rates further contributes to this positive trend. While challenges like infrastructure limitations and regulatory complexities exist, the overall market outlook remains optimistic, with a projected Compound Annual Growth Rate (CAGR) indicating substantial growth potential in the coming years. The forecast period (2025-2033) anticipates continued strong growth, driven by increased foreign direct investment in the technology sector and the expansion of 5G networks. The hyperscale segment is expected to witness significant expansion as global cloud providers continue to invest in Vietnam. Further segmentation by end-user industry highlights the varied demands and opportunities within the market. While precise market sizing data is not provided, a logical estimation based on regional trends and global data center market growth suggests substantial value creation in the coming decade. The focus will remain on developing modern, high-capacity facilities, especially Tier 3 and Tier 4 data centers, to meet the escalating needs of businesses and cloud providers. Competition is likely to intensify with both domestic and international companies vying for market share, leading to innovation in service offerings and pricing strategies. Recent developments include: September 2021: Viettel jointly conducted trials with Samsung in Da Nang. In early September 2021, Viettel partnered with Ericsson and Qualcomm to test and achieve 5G data transmission speeds over 4.7 Gbps.September 2021: VNPT upgraded its backbone and core networks, developed 4G, 5G and M2M/IoT platforms, conducted commercial tests of 5G services, and signed an agreement with Nokia to develop and apply new networking technologies.September 2019: In September 2019, HTC-ITC signed a contract with Delta Thailand to deploy a data center which complies with the Uptime Institute’s Tier 3 standards of Tier Certification of Data Center (TCDD) and Tier Certification of Constructed Data Center Facility (TCCF).. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.