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Vietnam Hard Document Storage Market by Application and City: Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4730316
  • Report
  • December 2018
  • Region: Vietnam
  • 71 pages
  • Allied Analytics LLP
Vietnam Hard Document Storage Market Overview:

The Vietnam hard document storage market was valued at $19,042.0 thousands in 2017 and is expected to reach $30,679.4 thousands by the end of 2025, registering a CAGR of 6.2% between 2018 and 2025.

Document management is a process of handling a set of documents in a way that the information can be created, organized, and stored efficiently. In the era of digitalization, document storage can be effectively done using a number of tools and software. In addition, the document imaging system can be used to convert all business documents into electronic form. However, this is extremely expensive and time-consuming for many small businesses.

Vietnam is characterized by the presence of large number of small-scale companies, where paperwork remains an essential part of management and administration. These organizations can not afford the electronic document storage services. As, the expense of scanning every document is proportionately cost-effective, the document storage services play an important part in Vietnam.

Hard document storage services offer a wide range of advantages such as enhanced security, regular file retrieval, and cost-effectiveness. In sectors that gather highly sensitive data, such as law, finance, and healthcare, stringent regulations are implemented toward data and document retention. In some industries, it is mandatory to store documents for more than five years. In addition, there is a legal requirement for documents to have handwritten signatures, and not digital signatures. Hence, these governmental regulations have driven the need for hard document storage services in the recent years. In addition, when the document storage period expires as per the business requirements, papers are shredded in secure facilities, and the resulting waste is disposed of at recycling plants. This ensures a total security lockdown for sensitive documents and data.

Expansion of end-use industries is anticipated to drive the demand for hard document storage services in Vietnam. As the country is heavily investing in the development of various industries such as agriculture, energy, and healthcare, the need to store hard copy of the documents securely has increased. This in turn is expected to boost the growth of the hard document storage services market. However, due to increase in digitalization across various industries, the growth of the hard document storage market has been impacted to some extent. On the contrary, large number of investments for better hard document storage and security is anticipated to offer new opportunities for the key players in this market.

Some of the key players operating in the Vietnam hard document storage market are Crown Record Management, KINGKHO, Royal Cargo Vietnam Co. Ltd., AGS Four Winds Vietnam, Santa FE, Vietnam Moving Limited Liability Company, Asia Tigers Mobility, Interlink Co., Ltd, Saigon Storage, and Logical Moves.net.

Key Benefits forVietnam Hard Document Storage Market:

This report presents a quantitative analysis of the current trends, estimations, and dynamics of the Vietnam hard document storage market size from 2018 to 2025 to identify the prevailing market opportunities.
The key city in the country is mapped based on their market share.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the Vietnam hard document storage market segmentation assists in determining the prevailing market opportunities.
Major cities in the country are mapped according to their revenue contribution to the industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional key players, market segments, application areas, and growth strategies.

Vietnam Hard Document Storage Key Market Segments:

By Application

B2B
B2C

By City

Ho Chi Minh City
Hanoi City
Rest of Vietnam
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. OPPORTUNITY ANALYSIS FOR NEW ENTRANTS
3.7. METHODS FOR ENTRY IN THE VIETNAM HARD DOCUMENT STORAGE SERVICES MARKET
3.5.1. Method 1
3.5.2. Method 2
3.5.3. Method 3

CHAPTER 4: VIETNAM HARD DOCUMENT STORAGE SERVICES MARKET BY APPLICATION
4.1. OVERVIEW
4.1.1. Estimated number of companies using hard document storage services
4.1.2. Analysis of the special characteristics of end user industries
4.2. B2B
4.2.1. Key market trends, Growth factors and opportunities
4.2.2. BFSI
4.2.3. Real Estate
4.2.4. Energy & utilities
4.2.5. Telecommunication
4.2.6. Healthcare
4.2.7. Education
4.2.8. Legal
4.2.9. Market size and forecast
4.2.10. Market analysis by country
4.3. B2C
4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Local
4.3.3. Expats
4.3.4. Market size and forecast
4.3.5. Market analysis by country

CHAPTER 5: VIETNAM HARD DOCUMENT STORAGE SERVICES MARKET BY COUNTRY
5.1. OVERVIEW
5.1.1. Regulatory Analysis
5.1.2. Regulatory barriers for new entrants
5.2. HO CHI MINH CITY HARD DOCUMENT STORAGE SERVICES MARKET
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast by Application
5.3. HANOI CITY HARD DOCUMENT STORAGE SERVICES MARKET
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast by Application
5.4. REST OF VIETNAM HARD DOCUMENT STORAGE SERVICES MARKET
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast by Application

CHAPTER 6: COMPANY PROFILES
6.1. CROWN RECORDS MANAGEMENT
6.1.1. Company overview
6.1.2. Business performance
6.1.3. Key strategic moves and developments
6.2. KINGKHO
6.2.1. Company overview
6.2.2. Business performance
6.2.3. Key strategic moves and developments
6.3. UNIGROUP WORLDWIDE UST VIETNAM
6.3.1. Company overview
6.3.2. Business performance
6.3.3. Key strategic moves and developments
6.4. ALLIED PICKFORDS
6.4.1. Company overview
6.4.2. Business performance
6.4.3. Key strategic moves and developments
6.5. SANTA FE
6.5.1. Company overview
6.5.2. Business performance
6.5.3. Key strategic moves and developments
6.6. VIETNAM MOVING CO., LTD
6.6.1. Company overview
6.6.2. Business performance
6.6.3. Key strategic moves and developments
6.7. ASIAN TIGERS MOBILITY
6.7.1. Company overview
6.7.2. Business performance
6.7.3. Key strategic moves and developments
6.8. INTERSKY MOVING AND STORAGE
6.8.1. Company overview
6.8.2. Business performance
6.8.3. Key strategic moves and developments
6.9. SAIGON STORAGE
6.9.1. Company overview
6.9.2. Business performance
6.9.3. Key strategic moves and developments
6.10. ROYAL TRANS CO., LTD
6.10.1. Company overview
6.10.2. Business performance
6.10.3. Key strategic moves and developments
Note: Product cover images may vary from those shown
According to a new report titled, 'Vietnam Hard Document Storage Market by Application and City: Opportunity Analysis and Industry Forecast, 2018 - 2025,' The Vietnam hard document storage market was valued at $19,042.0 thousands in 2017 and is expected to reach $30,679.4 thousands by the end of 2025, registering a CAGR of 6.2% between 2018 and 2025. Document management is a process of storing, tracking, and managing documents in a way that the information can be created, organized, and stored efficiently. In todays world of digitization, storing soft copy of documents is being the most preferred solution for every business, but there is still a place for physical documents. Storage and retention of hard documents is very important for sectors such as law, finance, and healthcare. Even in some industries, it is mandatory to store the documents for more than 5 years. In that case, hard document storage plays an important role. In 2017, BFSI occupied 35% share in B2B sector of Vietnam hard document storage market by application as they are specially designed to support BFSI operations such as secure storage, quick segregation and fast delivery of hard documents requested by customers.

Vietnam is characterized by the presence of large number of small scale companies related to Manufacturing, Construction, BFSI, Real estate, Legal, Healthcare, and other sectors, where the paperwork remains an essential part of management and administration. For these industries, the expense of scanning every document is proportionately cost effective, thus, these organizations cannot afford the electronic document storage In addition, hard document storage provide facilities such as document indexing, off-site media storage, tape & microfilm storage, document archiving, and many others. Thus, there is an increase in the adoption of these services in different industries. The growth in end-use industries is anticipated to drive the demand for hard document storage market in Vietnam.

As the country is investing heavily in the development of various industries such as agriculture, energy, healthcare, BFSI and others the need to store hard document securely has increased. Also the major players such as Crown record management, Royal Cargo Vietnam Co. Ltd, AGS Four winds Vietnam, Asia Tigers Mobility, and others are proactively investing in their businesses regarding infrastructure, transportation, building architecture, and others, which contributes to the growth of hard document storage industry.

Key Findings of the Vietnam Hard Document Storage Market:

The B2B segment was the highest contributor to the hard document storage market in 2017, and is projected to grow at a CAGR of 6.3%.
The BFSI segment accounted for 35.0% of Vietnam B2B hard document storage market in 2017 and is projected to grow at a significant CAGR of 6.7%.
The Telecommunication segment accounted for 20.0% of the Vietnam B2B hard document storage market in 2017 and is projected to grow at a significant CAGR of 6.8%.
In 2017, Ho Chi Minh City accounted for the highest market share accounting approximately for 41% and is estimated to grow at a CAGR of 7.0%.
The local segment accounted for almost 60% Vietnam B2C hard document storage market share in 2017 and is projected to grow at a moderate CAGR of 3.7%.

Some of the key players operating in the Vietnam hard document storage market are Crown Record Management, KINGKHO, Royal Cargo Vietnam Co. Ltd., AGS Four Winds Vietnam, Santa FE, Vietnam Moving Limited Liability Company, Asia Tigers Mobility, Interlink Co., Ltd, Saigon Storage, and Logical Moves.net.
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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