DUBLIN–(BUSINESS WIRE)–The “Communication Test and Measurement Market by Test Solutions (Wireless, Wireline), Type of Test (Enterprise Test, Field Network Test, Lab and Manufacturing Test, Network Assurance Test), Services, End-User, Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global communication test and measurement market is provided for each region from 2020 to 2025. The market is expected to grow from USD 6.2 billion in 2020 to USD 9.7 billion by 2025, at a CAGR of 9.5%.
The increasing need to ensure proper testing and measurement to deliver high-quality services for voice, video, and data contribute to the growth of the communication test and measurement market
The market growth can be attributed to the increasing adoption of 5G connections which would require wireless test equipment, test performance, and network management solutions. The objective of the report is to define, describe, and forecast the communication test and measurement market size based on test solution, type of test, services, organization size, end-user, and region.
Among services, the managed service segment to grow at a higher CAGR during the forecast period
The communication test and measurement market is segmented on the basis of different types of services provided by vendors in the market into product support services, professional services, and managed services. With the increasing adoption of communication test and measurement solutions among CSPs, the demand for supporting services is expected to gain traction among organizations. Product support services assist in the operation of products through training, technical support, text documents, and demos. The professional services facilitate the overall lifecycle management of the entire system.
Professional services provide support in design and specification, project management, and anytime integration of third-party software and hardware, encouraging faster innovation, development, commissioning, monitoring, and troubleshooting of complex network components, transmission systems, and network services. Managed services comprise third-party test equipment support and renting services. These services enable network equipment manufacturers and mobile operators to choose from a wide range of products offered by different vendors and offer support services for them. Managed services also provide renting of test equipment.
Among regions, Asia Pacific (APAC) to grow at the highest CAGR during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. Factors such as the emergence of a 5G network and the rise in R&D investments in APAC countries will have a significant impact on the growth of the communication test and measurement market. High investments in network infrastructure and the presence of major telecom players, such as China Mobile, China Telecom, and China Unicom to aggressively launch 5G services in China would drive the market growth in China.
Market Dynamics
Drivers
- Growing Demand for Network Testing
- Rising Demand for Automated Products and a Growing need for Communication Test and Measurement Equipment
- Potential Changes in Requirements for New Equipment Due to Technological Advancements
Restraints
Opportunities
- Advent of 5G Technology and Deployment of LTE and LTE-Advanced (4G) Networks
- Rising Demand for Bandwidth and Traffic Inspection
Challenges
- Matching Up with Continually Changing Technologies
- COVID-19: Impact of Lockdown
Companies Profiled
- Anritsu
- Fortive
- EXFO
- Rohde & Schwarz
- National Instruments
- Viavi Solutions
- Yokogawa
- Spirent Communication
- Keysight Technologies
- Huawei
- Veex
- Empirix
- Calnex Solutions
- Octoscope
- Centina Systems
- Cisco
- Sysmech
- Luna Innovations
- Netscout
- Thinkrf
- Teoco Corporation
- Qualitest
- Kyrio
For more information about this report visit https://www.researchandmarkets.com/r/4xr3cc
