Communication Test and Measurement Market Expected to Show Steady Growth by 2028 | CAGR: ~8% | UnivDatos Market Overview

NOIDA, India, October 19, 2022 /PRNewswire/ — AAccording to a new report published by UnivDatos Markets Insights, Communication Tests and Measurements Market was rated at $6.5 billion and is expected to grow at a CAGR of around 8% from 2022 to 2028. The analysis was segmented into By Solution (Wireless Test Solution, Wired Test Solutions); Service (Product Support Service, Professional Service, Managed Service); Type (enterprise testing, field network testing, laboratory and manufacturing testing); End user (network equipment manufacturers, mobile device manufacturers, telecommunications service providers); Region/Country.

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The Communication Test and Measurement Market report has been aggregated by collecting informative data about various dynamics such as market drivers, restraints, and opportunities. This innovative report draws on multiple analyzes to gain a deeper insight into the communication testing and measurement market. The Communication Test and Measurement Market report offers a detailed analysis of the latest industry developments and market trending factors that influence market growth. Additionally, this statistical market research repository examines and estimates the Communication Tests and Measurements market on a global as well as regional level.

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Market overview

Communication tests and measurements help organizations deliver/maintain high quality services for voice, video and data. The introduction of 5G technology and the deployment of advanced LTE and LTE communication networks are widely used, hence the need for communication test and measurement tools needed for design validation and manufacturing that offer more precision, bandwidth and speed to improve device development. increase.

The growing adoption of the communication test and measurement market can be attributed to the growth in internet traffic and growing demand for reliable internet connectivity across the globe. For example, according to the World Bank, in 2022, there would be more than 4.9 billion Internet users in the world. otherwise, the increasing development of new innovative technologies, such as IoT and artificial intelligence (AI), necessitates faster Internet communication standards.

Impact of COVID-19

The recent covid-19 pandemic has turned the world upside down and caused a state of shock in the global economy. The global pandemic has impacted the manufacturing and ICT industry and transformed the way people work. The COVID-19 pandemic has significantly affected the Communication Tests and Measurements market as many organizations have opted to work from home which has increased the demand and usage of data which has had a significant impact on communication companies. Increased reliance on telecommunications networks and other restrictions related to COVID-19 are expected to influence the communication tests and measurements market.

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  • Based on the solution, the market is segmented into wireless and wired test solution. The wireless testing solution is expected to reach a significant CAGR during the forecast period. The increasing adoption of wireless solutions can be attributed to its features such as increased mobility and higher speed of installation with simplicity. Additionally, wireless test solutions have a wider range than wired and wired test solutions.
  • On the basis of service, the market is segmented into product support service, professional service, and managed service. The professional service is expected to increase significantly over the forecast period. The growing adoption of professional services can be attributed to the expertise that the professional service provides in areas such as improved test coverage resulting in better quality and increased level of compliance, access to solutions and cutting-edge approaches and cost reductions. In addition, professional services significantly help organizations when expanding IT infrastructure or deploying new technologies.
  • Based on type, the market is segmented into enterprise testing, field network testing, and laboratory and manufacturing testing. The field network test is expected to reach a significant CAGR during the forecast period. The growing adoption of field network testing can be attributed to its cost effectiveness, errors can also be corrected without substantial losses.
  • On the basis of end user, the market is segmented into network equipment manufacturers, mobile device manufacturers, and telecommunication service providers. Mobile device manufacturers are expected to reach a significant CAGR during the forecast period, mobile device manufacturers use communication test and measurement solutions to help ensure the performance of mobile devices such as cell phones, PDAs and tablets. The tests are performed on the hardware and software of mobile devices. Different types of mobile device testing include R&D testing, manufacturing testing, and certification testing.

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Geographical segmentation of the Communication Tests and Measurements Market includes:

  • North America (WE, CanadaRest of North America)
  • Europe (Germany, France, SpainUnited Kingdom, Rest of Europe)
  • Asia Pacific (China, Japan, India, AustraliaRest of Asia Pacific)
  • Rest of the world

The North American region is expected to witness significant growth during the forecast period, the growth in the region can be attributed to the increasing adoption and implementation of test and measurement equipment, and the presence of leading actors. In addition, increasing investments by telecom equipment manufacturers and telecom operators, as well as the availability of faster internet connectivity are the main reasons for the adoption of communications test and measurement solutions in the region.

Key players targeting the market include

  • Anritsu Company
  • Empirix Inc.
  • EXFO Inc.
  • fortified
  • Keysight-Technologies
  • Rohde & Schwarz India Pvt Ltd
  • Spirent Communications plc
  • VeEX Inc
  • Viavi Solutions
  • Yokogawa Electric Corporation

Competitive landscape

The degree of competition between major global companies has been worked out by analyzing several key players operating across the globe. The specialized team of research analysts sheds light on various traits such as global market competition, market share, latest industry advancements, innovative product launches, partnerships, mergers or acquisitions by leading companies in the communications test and measurement market. Major players have been analyzed using research methodologies to get an overview of the global competition.

Key questions answered through this analytical market research report include:

  • What are the latest trends, patterns, and technological advancements in the Communication Test and Measurement market?
  • What factors are influencing the Communication Tests and Measurements Market during the forecast period?
  • What are the global challenges, threats and risks in the Communication Tests and Measurements market?
  • What factors are driving and restraining the Communication Test and Measurement Market?
  • Which are the demanding global regions of the Communication Test and Measurement Market?
  • What will be the size of the global market in the coming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

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Communication Tests and Measurements Market Report cover

Report attributee

Details

Year of reference

2021

Forecast period

2022-2028

Growth dynamics

Accelerate at a CAGR of over 8%

Market size 2020

$6.5 billion

Regional analysis

North America, Europe, APAC, Rest of the World

Major contributing region

North America to dominate the Global Communication Test and Measurement Market

Main countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India and Aaustralia

Profiled companies

Anritsu Corporation, Empirix Inc, EXFO Inc, Fortive, Keysight Technologies, Rohde & Schwarz India Pvt Ltd, Spirent Communications plc, VeEX Inc, Viavi Solution, Yokogawa Electric Corporation..

Report scope

Market trends, drivers and restraints; Revenue estimation and forecasting; segmentation analysis; impact of COVID-19; Analysis of supply and demand; VScompetitive landscape; Company profiling

Segments Covered

By Solution; By Service; By type; By the end user; By region/country

About UnivDatos Market Insights (UMI)

UnivDatos Market Insights (UMI) is a passionate market research company and a subsidiary of Universal Data Solutions. We believe in providing information through market intelligence reports, custom business research and primary research. Our research studies are spread across topics across the globe, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis and custom reports that help shape winning business strategies for our clients.

Contact

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