07 Dec 2020
Posted in Technology
Fiber segment to drive Vietnam’s fixed broadband service revenue over next five years, forecasts GlobalData
Vietnam’s fixed broadband service revenue is expected to rise from US$1.36bn in 2020 to US$1.48bn in 2025, at a compound annual growth rate (CAGR) of 1.8%, driven by increase in fiber optics connections across residential and business segments, according to GlobalData, a leading data and analytics company.
According to GlobalData’s Vietnam Fixed Communications Forecast Pack, the growth in broadband service revenue can be attributed to the robust growth in fiber-to-the-business (FTTB) and fiber-to-the-home (FTTH) connections, which are forecasted to grow at a CAGR of 13.5% and 4.1%, respectively, during the forecast period (2020-2025).
Akash Jatwala, Research Analyst of Telecoms Market Data & Intelligence at GlobalData, says: “Fiber optic lines will account for a majority share of 68.52%% of the total fixed broadband lines in 2020 and will continue to rise to 81% of the total fixed broadband lines in 2025, backed by the rising demand for higher-speed broadband connectivity during COVID-19 times to support work from home, higher OTT consumption, investment in digital health infrastructure, and faster deployment of e-governance.”
VNPT is the leading operator in the Vietnam’s fiber optics market with 34% market share in 2020 and will continue to dominate the market with about 37% of the market by the end of 2025.