Ken Research has announced its distribution on, “Vietnam: Mobile Data Growth to be Fueled by 4G Network Rollout and Expansion by Operators” which provides an executive-level overview of the telecommunications market in Vietnam today, with detailed forecasts of key indicators up to 2021.
The report provides a detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband and mobile sectors, as well as a review of key regulatory trends.
It examines the assumptions and drivers behind ongoing and upcoming trends in Vietnam’s mobile communications, fixed telephony and broadband markets, including the evolution of service provider market shares. It offers a thorough, forward-looking analysis of Vietnam’s telecommunication market, service providers and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
In 2016, Vietnam produced total telecom service revenue of USD 6.9 billion that accounted for 3.4% of its nominal GDP and in terms of local currency; it grew by 1.6% during the period that owed to an overall growth mainly in fixed broadband and mobile data revenue.
Mobile data services were and are forecasted to be the major revenue-contributing segment, reckoning for 36.8% of total service revenue in 2016, because of rising popularity of OTT services and increasing Smartphone adoption along with availability of attractive data plans. The mobile segment increased considerably and accounted for around 78.5% of total telecom revenue in 2016.
Operators are expected to focus on 4G network expansion and fiber deployments in future in order to ameliorate the overall broadband infrastructure in the country. The market is estimated to evolve at a CAGR of 4.2% during 2016-2021.
The Vietnam telecom market is currently and will be dominated by Viettel Vietnam and Mobifone where the former is expected to stay the largest player in the telecom market through 2021, outstanding to investments in 4G service rollout and expansion connected with fixed infrastructure improvement.
The market is forecasted to evolve well in the future years since new opportunities are expected to line up in the industry along with innovation and technological improvements in the sector guaranteeing a successful revenue generation for the market on a whole.