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Cybersecurity Market Revenues Growing at CAGR of 17.4%, Will Vietnam able to sustain it? : Ken Research

04-20-2023 08:38 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Cybersecurity Market Revenues Growing at CAGR of 17.4%, Will

About 66% of Vietnam's 70k+ websites are estimated to be infected with viruses/malware. The government is playing a vibrant role in propagating the importance of having a secure cybersecurity infrastructure in organizations.

1. Cyberattacks have a huge financial impact on Vietnam's economy

Click to Read Full Article: Vietnam Cybersecurity Market: https://www.kenresearch.com/defense-and-security/security-devices/vietnam-cybersecurity-market-outlook-to-2025/419415-16.html

3% Companies in Vietnam that faced 24 hrs. or more of downtime after most severe breach; Global figure: 4%
2% Proportion of computers affected by dangerous viruses in Vietnam, 3x the global average
Vietnam's global rank 6th in number of local cyber threats
75 Mn # of Internet-borne cyber threats in Vietnam in 2019

2. Phishing majorly affects all the computer systems in Vietnam, thus boosting the market.

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7% of Mobiles infected with Malware in 2022 only.
7% of Attacks by Crypto miners in the year 2022.
5% of Users affected with Financial Malware Attacks and around 12% of Computers infected by Malware.
0% of organizations in Vietnam receive up-to 5,000 security alerts daily, while 29.0% 5receive more than 50,000 daily.

3. Why Cyber Threats in Vietnam are rising at unprecedented rates?

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Rise in number of devices available per person, weak organizational information security infrastructure.
Political Disputes with neighbouring China, downloading of Themes/Plug-ins from Suspicious Sites and outdated Website versions & operating systems.
Insufficient Human Resource Potential: Vietnam faces a challenge of limited number of cyber experts in the country, because of which the product ecosystem is dominated by foreign enterprises in cybersecurity
Limited Cybersecurity Awareness: Lack of technical knowledge about information security & its importance is one that plagues organizations in Vietnam
Budget & Maintenance: Allocation of funds towards information security is always a challenge in organizations in Vietnam.

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

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