Vietnam Graphic Design Market to Grow at 5.0% CAGR by 2030
Growing dependency of businesses on the graphic design industry to fortify their brand presence across various channels and rapidly expanding IT industry in the country are driving the Vietnam graphic design market growth.
The Vietnam Graphing Design Market is expected to grow at a CAGR of 5.0% from 2022-2030, according to a new research report by Next Move Strategy Consulting.
Graphic design is a process of visual communication through art. Graphics help in conveying specific information to audiences by combining words, images, colours and various other visual effects. It is widely used by businesses to create logos, designs, maps and even exclusive social media pages to promote their business across various channels.
Vietnam is one of the most dynamic emerging countries in South East Asia. For the last few years, Vietnam’s economy has witnessed significant boost favoured by robust domestic demand and expansion of export-oriented manufacturing sector. However, multi-national companies operating in Vietnam do face some challenges associated with language barrier and cultural differences. As a result, these companies are focusing on developing localized version of their websites to target the Vietnamese customers, which in turn boost the growth of graphic design market in Vietnam. Also, the government of Vietnam has been heavily investing on the development of more industrial zones with an anticipation of increased foreign investments in the coming years. These factors along with the rapid growth in the real estate industry are anticipated to create new opportunities for the graphic design industry players.
Based on type, the Vietnam graphic design industry is categorized into product packaging design industry, web and app UI design industry, corporate identity design industry, advertising & communication design industry, building and construction design industry, and others. The product packaging design industry is further classified into food & beverage industry, cosmetics industry, liquor & tobacco industry, and others. The web & app UI design industry is further categorized as user experience (UX) design industry, user interface (UI) design industry, and visual & graphic design industry. The corporate identity design industry is divided into logo design industry, identity design industry, and brand design industry. The advertising & communication design industry includes print advertisement design industry, electronic advertisement design industry, outdoor advertisement design industry, and other advertisement design industries. The building and construction design industry is bifurcated into home decoration or interior design industry, and architecture or exterior design industry. The others segment includes entertainment, and fashion and apparel industries.
Browse key industry insight from the report, “Vietnam Graphic Design Market by Type (Product Packaging Design Industry, Web and App UI Design Industry, Corporate Identity Design Industry, Advertising & Communication Design Industry, Building and Construction Design Industry, and Others)- Vietnam Opportunity Analysis and Industry Forecast 2022-2030.”
According to the report, some of the key drivers of Vietnam graphic design market are What’zhat Agency, Cat Tuong Packaging Industrial Co., Ltd., DuyTan Plastics Corp, 3FORCOM, CO-WELL Asia Co., Ltd., Artio Media, Panpic Technology Co., Ltd., Goldidea Branding Creative & Design, THE 7 STUDIO, and GEMA.
Key Insights from the Vietnam Graphic Design Market Report:
- Current emerging trends and opportunities are extensively analysed in Vietnam graphic design market report.
- The forecast of the Vietnam graphic design market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report Vietnam graphic design market- segmented by type and geography.
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