Vietnam Telecom Infrastructure Market to Surpass $10 Billion by 2022

Increasing number of smartphone users and rising demand for telecom services coupled with growing government support to drive Vietnam telecom infrastructure market through 2022

According to TechSci Research report, “Vietnam Telecom Infrastructure Market By Type of Service, By Type of Equipment, Competition Forecast & Opportunities, 2012 – 2022”, telecom infrastructure market in Vietnam is projected to cross $ 10 billion mark by 2022, on the back of growing smartphone market, rollout of more services with enhanced features and offerings, and increasing number of government initiatives for updating the equipment to cope up with soaring internet usage. In 2015, Vietnam had 122 million mobile subscribers, which was much higher than its population which stood at 93 million in the indicated year. Continuing decline in the prices of smartphones and hardware components are likely to have a positive impact on the country’s telecom infrastructure market in the coming years.

                                                       
 

Browse 10 market data Tables and 16 Figures spread through 88 Pages and an in-depth TOC on "Vietnam Telecom Infrastructure Market"

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In terms of equipment (i.e. all physical hardware components used for the purpose of communication), networking equipment captured a majority share in Vietnam’s telecom infrastructure market in 2016, and the segment is anticipated to maintain its dominance throughout 2022, owing to increasing proliferation of high speed mobile data i.e. 3G and 4G. Northern region of Vietnam governed the market with the largest share in 2016 due to presence of the country’s capital “Hanoi”, which is the largest city in the region. Viettel Telecom dominates Vietnam mobile service telecom infrastructure market, with other major players operating in the country being MobiFone, Vinafone, Vietnamobile, and GTel.

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“Technological advancements coupled with rising internet penetration are boosting demand for connected devices across the country, which in turn is boosting the country’s telecom infrastructure market. Moreover, growing adoption of internet services across various sectors coupled with increasing government support and rapid urbanization are likely to drive the market through 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.   

“Vietnam Telecom Infrastructure Market By Type of Service, By Type of Equipment, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of Vietnam telecom infrastructure market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Vietnam telecom infrastructure market.

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