Vietnam IP Telephony Market to be dominated by Wireless Installation till 2027
Growing demand for advanced
internet facilities across business organizations and the expected roll-out of
5G technology are driving the demand for Vietnam IP telephony market in the
forecast period, 2023-2027.
According to TechSci Research
report, “Vietnam IP Telephony Market By Region, Competition Forecast & Opportunities, 2027”, the Vietnam IP telephony market is
expected to grow at a robust CAGR in the forecast period, 2023-2027. Increasing
competition among the internet service providers and telecommunication industry
in the industrial sector coupled with the cost-effectiveness of IP telephony
are the major factors driving the demand of the Vietnam IP telephony market
through the forecast period.
IP telephony refers to any
phone system that uses an internet connection to send and receive voice data.
IP phones connect to the internet via a modem and router. IP telephony is
preferred among organizations as it eliminates the need to maintain two
separate networks. IP telephony is more affordable than wired phone services
and can effectively integrate with existing infrastructure, enabling effective
communication between the networks. They can be accessed from remote locations
using portable devices and computers.
However, the requirement for
stable and fast internet connection and poor voice quality through IP telephony
may restrain the growth of the Vietnam IP telephony market in the forecast
period.
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The Vietnam IP telephony
market is segmented into offering, access type, call type, installation type, enterprise
size, vertical, regional distribution, and company.
Based on
offering, the market is divided into solutions and services. The solutions
segment dominates the market and is expected to maintain its dominance for the
next five years. Customers prefer to use mobile devices to establish
communication between the enterprises and availing new ways to communicate with
merchants. IP telephony provides a cost-effective solution to enterprises to
invest in high-speed internet connections.
Based on call
type, the market is divided into international calls and domestic calls.
International calls are expected to account for significant market share in the
forecast period. IP telephony unifies numerous business offices in a business
firm under a single congregated network and provides seamless connectivity
across the globe with minimal disruptions. Also, costly long-distance call
charges within branches and offices account for a significant portion of
operational costs. In the next five years, the increasing adoption of IP
telephony services by organizations is expected to create lucrative growth
opportunities for the Vietnam IP telephony market.
Based on call
type, the market is divided into wired and wireless. Wireless call type is
expected to witness the fastest incremental growth in the forecast period. It
is easier to use and portable, giving users the freedom to move and work.
Based on
organization size, the market is divided into large enterprise and small &
medium enterprises. Large enterprises are expected to capture the highest
market share in the forecast period. Availability of huge funds in large
enterprises for up-gradation of the existing infrastructure and the need to
establish seamless connectivity in enterprises is expected to accelerate the
growth of the Vietnam IP telephony market.
Based on
vertical, the market is divided into BFSI, IT & telecommunication, retail,
and government. IT & telecommunication industry is expected to capture the
largest market share through the forecast period. An increase in the adoption
of IT telephony such as high-tech technology, voice mails, call routing, and
contact centers by IT industries improves the operations to a greater extent.
Also, compared to the traditional phone systems, IP telephony systems enable
easy transfer of data and handling and better productivity, resulting in higher
adoption for various business purposes.
Major market
platers operating in the Vietnam IP telephony market are:
VoIP Vietnam
Southern Telecom
Oncall
FPT Telecom International
CloudFone Vietnam
ZLink Vietnam Technology
Sangoma Technologies Corporation
CloudPBX
P.A Vietnam Cloud Solutions
CMC Telecom
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“Leading authorities of
Vietnam are making efforts to advance the business infrastructure and promote
digitization of organizations by launching initiatives like National Digital
Transformation Programme by 2025 with a vision towards 2030. The program aims to
target businesses and organizations to adopt digital transformation to enhance
their production and business efficiency, which is expected to improve business
operations. The government is attracting foreign investments to develop the
telecommunication sector and provide broadband services. Ongoing digital
initiatives, intense competition among the market players, and favorable
government policies are expected to propel the Vietnam IP telephony market
growth till 2027” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“IP Telephony Market –
Vietnam Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Offering
(Solutions and Services), By Access Type (Phone to Phone, Computer to Computer,
Computer to Phone), By Call Type (International Calls and Domestic Calls), By
Installation Type (Wired and Wireless), By Enterprise Size (Large Enterprise
and Small & Medium Enterprises), By Vertical (BFSI, IT & Telecommunication,
Retail, Government), and By Region”, has evaluated the future
growth potential of Vietnam IP telephony market and provides statistics &
information on market size, 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 Vietnam IP telephony market.
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