The report forecasts the semiconductor market in Vietnam to grow at a CAGR of 15.44% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A key trend which is helping boost growth is the short replacement cycle of smartphones and tablets. Consumer electronics devices such as smartphones and tablets have a short life span. Companies are introducing new devices at a rapid pace amid technological advances. Even consumers prefer to switch to updated versions or completely different models of smartphones in less than a year. The replacement period for these devices used to be higher compared to the present period of 12-18 months.
According to the report, a key growth driver is the growth in the data center market. The Southeast Asian countries are considered to have evolving data center markets due to exponential growth in the consumer electronics market as well as growing internet penetration in the region. Vietnam is one such market suitable for data centers. The Vietnamese government has identified ICT as one of the key segments contributing to the country's development and aims to make it an advanced ICT country by 2020. This could be an important driver for setting up data centers in this region. To achieve this target, the government has allocated $8.5 billion to develop ICT during 2010-2020. Therefore, many companies have started investing in this country.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?