Latest News- Telecom Market in Vietnam: Consumer is expected to lead the End-user segment during 2025-2029

The Telecom Market in Vietnam is being driven by Increased demand for broadband

The Telecom Market in Vietnam is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1.32 billion. In the dynamic Vietnamese telecom market, technological advancements are driving innovation and enhancing consumer experiences. The rollout of 5G networks, such as Viettel's Cloud Native 5G core network, delivers faster speeds and reduced latency, fostering the growth of IoT and AR applications. Additionally, the expansion of fiber optic infrastructure strengthens broadband connectivity for homes and businesses. Cloud-based services, including remote work and collaboration tools, are gaining popularity. Advanced technologies like AI and machine learning are utilized for network optimization, customer service, and predictive maintenance, ensuring efficient and effective operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand for broadband
• Government initiatives to develop a digital economy and promote e-commerce
• Growing investments in smart city projects

However, the market also witnesses some limitations, which are as follows:

• Rise in network attacks and online security threats
• Regulatory compliance issued by Vietnamese government for telecom sector
• Challenges in extending telecom infrastructure to rural and remote areas

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Market Scope in Telecom Market in Vietnam Research Report

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Research Analysis Overview

The telecom industry in Vietnam is advancing with 5G infrastructure development, conducting commercial trials for 5G services. The expanding middle class drives the demand for high-speed broadband connections and digital services. With increasing smartphone penetration and mobile internet use, 5G pilot rollouts are underway, featuring high-speed network trials and 5G stations. IPTV and on-demand videos are popular multimedia services, boosting internet access and data speeds. Digitalization and smart city initiatives are accelerating, requiring high-speed internet connectivity and digital contents.

Market Research Overview

The telecom industry in Vietnam is witnessing significant growth, with key players such as Vietnamobile, Viettel, and EVNTelecom leading the charge in providing high-speed connectivity services. The 5G infrastructure rollout is underway, with Samsung Electronics participating in 5G commercial trials in Da Nang. This technological advancement is expected to revolutionize the mobile phone landscape, moving beyond 3G and 4G. Technavio's global communications equipment market analysis includes the revenue generated from sales of communication equipment, broadcasting equipment, and telecommunication equipment, as well as investments made by service providers to enhance their infrastructure. Market expansion is attributed to the increasing number of data centers and capacity expansions of existing facilities, driven by hyperscalers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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