The cooperation agreement in the field of cyber security and promoting the provision of Vietnamese cyber security and safety services and solutions to the international market between SCS Cyber ​​Security Joint Stock Company - the developer of SafeGate and BlueOC Co., Ltd. was just signed and announced on the afternoon of May 8.

According to Gartner research, total spending on cyber security and risk globally will reach 188 billion USD in 2023, an increase of 12% compared to 2022. Gartner also forecasts that IT spending in general globally will continue to grow and may exceed 8,000 billion USD before 2030. Security is one of the notable areas.

Data from market research company Modor Intelligence also shows that the global cybersecurity market size is estimated to reach more than 203 billion USD by 2024 and is expected to reach over 350 billion USD by 2029.

In Vietnam, data from the Ministry of Information and Communications shows that total revenue in the information security field in 2023 will reach VND 5,522 billion, an increase of 20% compared to 2022. Businesses operating in the field of cyber security are growing, with an increasingly perfect ecosystem of products and services, gradually asserting their names and dominating the domestic market.

Experts also commented that the trend of increasing investment in cyber safety and security globally to respond to attacks has been opening up opportunities for Vietnamese cyber security businesses to expand into the international market.

To turn opportunities into practical results, SafeGate and BlueOC decided to 'join hands' together to develop and bring safety and cyber security products and services to new markets, on the basis of maximizing each party's strengths.

Specifically, according to the newly signed agreement, the two units commit to cooperate in sharing knowledge in the field of network safety and security; Promote commercialization and bring cyber information security products and services deployed by Vietnamese enterprises to international markets.

The two sides also agreed to cooperate in research and development of new technology products to meet market needs, promote sustainable cooperative relationships and commit to working together on the 'Go Global' journey with target markets such as Japan, the US, Singapore, Canada...

Sharing at the cooperation signing event, BlueOC Technology Director Mai Xuan Thu said: The long-term cooperation agreement will help SafeGate and BlueOC strengthen their capabilities, jointly develop software solutions suitable to the needs of each user and with good security, enhancing the reputation of Vietnam in general and the two units in particular in the domestic and international technology market.

According to SafeGate CEO Ngo Tuan Anh, cyber safety and security is an attractive market with large scale, diverse services and always opportunities for new 'players'.

Vietnamese cyber information security businesses have the strength of good professional personnel, diverse service offerings, and competitive prices. However, to explore and conquer the international market, especially in specific fields such as safety and network security, Vietnamese businesses will certainly face many difficulties and challenges.

"Cooperation between SafeGate and BlueOC will create synergy. With SafeGate's background and experience in the field of safety and network security combined with BlueOC's strengths in the field of software and access channels in international markets, we believe that Vietnamese network information security services and solutions will soon conquer the international market," Mr. Ngo Tuan Anh expected.

Previously, SafeGate cooperated with Accton to provide safe home Internet and management solutions for customers using Accton network devices globally. Currently, the two units are implementing solution integration across devices.

| From 2023, the Ministry of Information and Communications has launched a campaign to support Vietnamese digital technology businesses going abroad. By the end of 2023, there will be 1,500 Vietnamese digital technology businesses with revenue from foreign markets, an increase of more than 7% compared to 2022. |