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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