Growing trend of digitalization and technological advancements is expected to drive the demand for Vietnam Telecom market in the forecast period.
According to TechSci Research report, “Vietnam Telecom Market By Type (Wireless Telecommunication Carriers, Wired
Telecommunication Carriers, Communication Hardware, Satellite and
Telecommunication Resellers), By Service Type (Managed Data Centre, Managed
Network Services, Managed Data & Information Services, Managed Mobility
Services, Managed Communications Services and Managed Security Services), By
Equipment (Networking Equipment, Transmitting Device, End Point Device), By
Deployment (On-Premises, Cloud), ,By Application (Household, Commercial), By
Region, Competition Forecast & Opportunities, 2026”, the Vietnam Telecom market is expected to grow at a
steady CAGR in the forecast period, 2022-2026. The growing demand for smart
grid, telemedicine, industrial automation, and connected cars due to advanced
technologies is expected to create huge potential for the Vietnam Telecom
market growth. The growing population and the high adoption of mobile phone
services are fueling the development of the Telecom market. The rise in the
initiatives taken by the government to boost the digital economy and bring the
fourth industrial revolution in the country is expected to propel the Telecom
market. The upcoming plans for developing smart cities, start-ups, and the
National Innovation Network Program using advanced technologies such as the
internet of things are expected to contribute to the Vietnam Telecom market
growth. Development of smart cities in Vietnam such as Dragon Smart City in the
central coastal city of Da Nang, BRG Smart City in Hanoi, Ecopark Smart City in
the northern province of Hung Yen boasting of increased convenience, safety,
and availability of integrated services to residents is expected to fuel the
economy of the country. The government is encouraging foreign investments to
upgrade the 5G network and provide equipment and infrastructure for the
value-added services. Foreign exporters are also encouraged to partner with
established network operators to offer 3G,4G, and 5G internet services. Market
players are indulging in the development of wireless technology and alternative
broadband technologies. Leading authorities aim to provide an e-governance
platform to its residents to efficiently serve citizens' and enterprises'
needs. The growing awareness among the consumers of the benefits of using
digital technology and the increase in transparency in government work is
contributing to the surge in the growth of the Telecom market in the country.
However,
dependence on foreign investment and technology and lack of presence of skilled
workforce may restrain the growth of the Vietnam Telecom market for the
forecast period.
Browse XX Figures spread through 70 Pages and an
in-depth TOC on "Vietnam Telecom Market”.
https://www.techsciresearch.com/report/vietnam-telecom-market/7868.html
Vietnam Telecom market is segmented into type,
service type, equipment, deployment, application, regional distribution, and
company. Based on type, the market is divided into wireless Telecommunication
carriers, wired Telecommunication carriers, communication hardware, satellite,
and Telecommunication resellers. The wireless Telecommunication carriers
segment is expected to witness growth in the forecast period, 2022-2026. The
growing trend of adoption of wireless communication technologies such as Wi-Fi,
4G, and 5G networks is driving the growth of the segment as they are more
affordable and faster than their counterparts.
AT&T,
EVNTelecom, Viettel Group, Vietnam Mobile Telecom Services, Vinaphone, Vietnam
Posts and Telecommunications Group, GTel Mobile JSC, FPT Corporation,
NamVietNet Telecommunication Service Joint Stock Company, Saigon Post and
Telecommunications Services Corporation, SaoBacDau Technologies, NetNam, VMG
Media JSC, VTC Telecommunications JSC, METUB Network are the leading players
operating in Vietnam Telecom market. Service providers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several Telecom service providers are coming up with their
technologically advanced offerings.
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“The
change in customer preference to view Over-The-Top (OTT) channels which they
choose according to the price and number of viewing options provided by the
service providers. Most popular viewed OTT platforms such as Netflix, Amazon
Prime, FPT Play, On TV, and others allow subscribers to watch their favorite
shows according to their convenience. The growing expenditure capacity of the
customers and the influence of social media platforms along with super-fast
internet protocol networks, open-source platforms, and other innovations is
expected to propel the Vietnam Telecom market growth till 2026” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management
consulting firm.
“Vietnam Telecom Market
By Type (Wireless Telecommunication Carriers, Wired Telecommunication Carriers,
Communication Hardware, Satellite and Telecommunication Resellers), By Service
Type (Managed Data Centre, Managed Network Services, Managed Data &
Information Services, Managed Mobility Services, Managed Communications
Services and Managed Security Services), By Equipment (Networking Equipment,
Transmitting Device, End Point Device), By Deployment (On-Premises, Cloud), ,By
Application (Household, Commercial), By Region, Competition Forecast &
Opportunities, 2026” has evaluated the future growth potential of Vietnam Telecom
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the of Vietnam Telecom market.
Vietnam
Cybersecurity Market, By Security Type (Network Security, Application Security,
Cloud Security, Endpoint Security, Content Security & Others), By Solution
Type (Firewall, Antivirus & Anti Malware, Risk & Compliance Management,
Identity & Access Management, Unified Threat Management, Data Loss
Prevention, Encryption & Decryption, Intrusion Detection/Prevention System,
Infrastructure Security & Others), By Deployment Mode (Cloud & On
premise), By End-User Industry (BFSI, IT & Telecom, Retail, Government
& Defense, Healthcare, Education Technology & Others), By Region, By
Top 10 Provinces, Competition, Forecast & Opportunities, 2016-2026
https://www.techsciresearch.com/report/vietnam-cybersecurity-market/7793.html
Vietnam Cloud Service Market, By Service
Type (Infrastructure as a Service, Platform as a Service and Software as a
Service), By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By End Use
Application (Corporates/Private Organizations, BFSI, Government & Defense,
Retail, Healthcare, Academic & Education Institutions and others), By
Region, Competition, Forecast & Opportunities, 2016-2026
https://www.techsciresearch.com/report/vietnam-cloud-service-market/3883.html
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