Vietnam 5G Infrastructure Market to be dominated by Network Function Virtualization till 2026
Growing adoption of IoT
technology and the high-end investments for Infrastructure development is expected
to drive the demand for Vietnam 5G Infrastructure market in the forecast period.
According to TechSci Research report, “Vietnam
5G Infrastructure Market By Communication Infrastructure (Small Cell, Macro
Cell, Radio Access Network (RAN) and Distributed Antenna System (DAS)), By Core
Network Technology (Software-Defined Networking (SDN), Network Function
Virtualization (NFV), Mobile Edge Computing (MEC), Fog Computing (FC)), By
Application (Automotive, Healthcare, Energy & Utilities, Retail, Others),
By Region, Competition Forecast & Opportunities, 2026”, the Vietnam 5G
Infrastructure market is expected to grow at a rate of steady CAGR for the
forecast period, 2022-2026. The growing adoption of the latest technologies
such as automation technology, the internet of things, wearable technology,
connected cars by the prominent industry players to make quality products is
expected to contribute to the market growth. The increasing demand for enhanced
network connectivity to drive advanced devices such as fly drones and the
implementation of internet of things technology is expected to accelerate the
Vietnam 5G Infrastructure market growth. The Healthcare industry actively uses
the internet connection to provide remote consultation services, telemedicine,
and other online services to patients. To maintain seamless connectivity during
remote patient surgeries, healthcare professionals prefer to use high-speed
connections, fueling the demand for next-generation technology and associated
infrastructure. Also, the high demand from industries owing to the rise in the
demand for faster data bandwidth, including the high connectivity for cloud
computing, creating a smart workplace, and seamless virtual meetings, is
expected to accelerate the growth of Vietnam 5G Infrastructure market.
The use of 5G technology by the market players to
provide enhanced consumer experience for various activities, including seamless
video calling, virtual reality and augmented reality options,
ultra-high-definition videos, energy monitoring, and others, are expected to
create lucrative opportunities for the Vietnam 5G Infrastructure market growth.
Several manufacturing industries are leaning on the adoption of technological
advancements to improve efficiency and performance and lower operational and
maintenance costs.
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Vietnam
5G Infrastructure market is segmented into communication Infrastructure, core
network technology, application, regional distribution, and company. Based on
core network technology, the market is divided into software-defined networking
(SDN), network function virtualization (NFV), mobile edge computing (MEC), and
fog computing (FC). The network function virtualization segment is expected to
hold the largest market share for the forecast period, 2022-2026. The network
function virtualization eliminates the need to install new hardware equipment
and install different network functions in different locations in the network
as per the requirement. Network operator does not need to unnecessarily spend
setting up dedicated hardware to add, offer or build new services. Based on
communication Infrastructure, the market is divided into small cell, macro
cell, radio access network (RAN), and distributed antenna system (DAS). The
small cell segment is expected to account for significant market share for the
next five years. 5G networks are largely composed of small cells, and they help
in improving the battery life and performance of mobile handsets. These also
eliminate unnecessary installation costs and offer the benefits of higher speed
and lower latency than the macrocells.
Ericsson
Vietnam Company Limited, Huawei Technologies Co., Ltd., Qualcomm Technologies
Inc., Nokia Corporation, Samsung Electronics Co. Ltd., Broadcom Inc., Cisco
Systems Inc., ZTE Corporation, Fujitsu Limited, NEC Corporation, Hewlett
Packard Enterprise Development LP, AT&T Inc., Intel Corporation, MediaTek
Inc., Comba Telecom Systems Holdings Ltd. are the leading players operating in Vietnam
5G Infrastructure market. Service providers are increasingly focusing on research
and development process to fuel higher growth in the market.
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“The
rise in the efforts made by the leading authorities for digital transformation
by introducing supportive laws and policies to boost the economic status and
generate income sources in the country is influencing the market demand. The
government is implementing Industry 4.0 standards that include Infrastructure
as well as human resources along with the facility of e-governance services to
increase the transparency and accessibility of the citizens. Additionally, the
growing demand for online e-commerce channels owing to the lucrative discounts
and wide variety of choices offered by the market players is anticipated to
propel the Vietnam 5G Infrastructure market growth till 2026” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management
consulting firm.
“Vietnam 5G Infrastructure
Market By Communication Infrastructure (Small Cell, Macro Cell, Radio Access
Network (RAN) and Distributed Antenna System (DAS)), By Core Network Technology
(Software-Defined Networking (SDN), Network Function Virtualization (NFV), Mobile
Edge Computing (MEC), Fog Computing (FC)), By Application (Automotive,
Healthcare, Energy & Utilities, Retail, Others), By Region, Competition
Forecast & Opportunities, 2026” has
evaluated the future growth potential of Vietnam 5G Infrastructure 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 5G Infrastructure
market.
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