Network Infrastructure - Vietnam

Vietnam

Revenue in the Network Infrastructure market is projected to reach US$1.27bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$1.00bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.78%, resulting in a market volume of US$1.59bn by 2028.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$21.50 in 2024.
In global comparison, most revenue will be generated in China (US$45,690m in 2024).

Key regions: Europe, India, China, Japan, Germany

Definition:

The Network Infrastructure market focuses on hardware resources essential for service provider and enterprise networks. This market specifically focuses on solutions designed for the complex networking requirements of businesses and organizations, setting aside options like consumer-grade networking hardware products such as basic WIFI routers and network switches. These network infrastructure components are crucial in environments where reliable and secure connectivity, as well as efficient network operations, are paramount, establishing them as a fundamental part of the IT infrastructure in various industries.

Structure:

The Network Infrastructure market is structured in two markets based on the services model provided by the companies.

Service Provider Network Infrastructure covers the hardware resources of telecommunication service companies that enable wired and wireless network connectivity and communication to transfer voice and data.
Enterprise Network Infrastructure covers the hardware resources that enable wired and wireless network connectivity, communication, operations, and management of enterprises.

Additional Information:

The Network Infrastructure market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Network Infrastructure market include companies such as Huawei, HPE, Cisco, and Ericsson.

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Market

Region

Region comparison

Currency

Analyst Opinion

The Network Infrastructure market in Vietnam is experiencing significant growth and development due to several key factors. Customer preferences in Vietnam are shifting towards increased connectivity and digitalization. As the country continues to modernize and embrace technology, there is a growing demand for reliable and high-speed network infrastructure. This is driven by both individuals and businesses who rely on the internet for communication, entertainment, and conducting business operations. Additionally, the rise of e-commerce and online services has further fueled the need for robust network infrastructure to support these activities. Trends in the market indicate a strong focus on expanding and upgrading network infrastructure in Vietnam. Telecom companies and internet service providers are investing heavily in the development of fiber optic networks to enhance internet connectivity and improve data transmission speeds. This is particularly evident in urban areas where the demand for high-speed internet is highest. The deployment of 5G technology is also a key trend in the market, with telecom operators working towards rolling out 5G networks across the country. This will not only provide faster internet speeds but also enable the development of new technologies and services such as IoT (Internet of Things) and smart cities. Local special circumstances in Vietnam play a role in the development of the network infrastructure market. The country has a young and tech-savvy population who are eager to embrace new technologies and digital services. This creates a strong demand for advanced network infrastructure to support their digital lifestyles. Additionally, Vietnam's geographical landscape presents challenges for network infrastructure development, particularly in rural and remote areas. However, the government has recognized the importance of bridging the digital divide and has implemented initiatives to improve network coverage and connectivity in these areas. Underlying macroeconomic factors also contribute to the growth of the network infrastructure market in Vietnam. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has resulted in a greater demand for internet services and connectivity, driving the need for improved network infrastructure. Furthermore, Vietnam's strategic location within Southeast Asia makes it an attractive market for international businesses and investors. This has led to increased foreign direct investment and a greater emphasis on developing the country's digital infrastructure to support economic growth and attract further investment. In conclusion, the Network Infrastructure market in Vietnam is experiencing significant growth and development driven by customer preferences for increased connectivity and digitalization. The market is witnessing trends such as the expansion of fiber optic networks and the deployment of 5G technology. Local special circumstances, such as the young and tech-savvy population and the geographical landscape, also contribute to the market's development. Underlying macroeconomic factors, including economic growth and foreign investment, further support the growth of the network infrastructure market in Vietnam.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.