Communication Test and Measurement Market: Current Analysis and Forecast (2022-2028)
The Global Communication Test And Measurement Market is anticipated to grow with an elevated CAGR of around 8% over the forecast period (2022-2028). The communication test and measurement market comprise testing equipment, software, and services, which are used to test all devices and networks used for communication purposes. The global communication test and measurement market are growing on account of the growing need for high-speed internet, also the growing applicability of the internet with IoT devices. For instance, there are more than 294.15 million smartphones only in the U.S. Smartphones make using the internet more accessible to a larger user base. Furthermore, increasing demand for reliable internet connectivity across the globe and the rising development of new innovative technologies, such as IoT and Artificial Intelligence (AI), is enabling the need for faster internet communication standards.
Insights Presented in the Report
"Amongst Solution, wireless segment holds the major share”
Based on the solution, the market is segmented into wireless and wireline test solutions. The wireless test solution is expected to achieve a prominent CAGR during the forecast period. The growing adoption of wireless solutions can be attributed to its functionalities such as increased mobility and higher installation speed with simplicity. Furthermore, wireless test solutions have a wider reach when compared to wired and cabled test solutions.
"Amongst Service, professional service segment holds the major share”
Based on type, the market is segmented into product support service, professional service, and managed service. The professional service is expected to rise significantly during the forecast period. The growing adoption of professional services can be attributed to the expertise that professional services provide in areas such as improved testing coverage resulting in better quality and increased compliance level, access to industry-leading solutions and approaches, and cost reductions. Furthermore, professional services help organizations significantly in the time of IT infrastructure expansion or new technology rollout.
"Amongst Type, field network testing segment holds the major share”
Based on the type, the market is segmented into enterprise tests, field network tests, and lab & manufacturing tests. The field network test is expected to achieve a significant CAGR during the forecast period. The growing adoption of the field network test can be attributed to its cost-effectiveness, also the errors can be rectified without substantial losses.
"Amongst End-user, mobile device manufacturer segment holds the major share”
Based on end-user, the market is segmented into network equipment manufacturers, mobile device manufacturers, and telecommunication service providers. The mobile device manufacturers are expected to achieve a significant CAGR during the forecast period, mobile device manufacturers use communication test and measurement solutions to help to ensure the performance of mobile devices such as cell phones, PDAs, and tablet computers. Testing is performed on both mobile device hardware and software. Various types of mobile device testing include R&D testing, manufacturing testing, and certification testing.
"North America represents one of the largest markets of communication test and measurement market”
For a better understanding of the market dynamics of the communication test and measurement market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North American region is expected to grow significantly during the forecast period, the growth in the region can be attributed to the growing internet literacy in the region and growing early adoption of communication tests and measurement solutions. Moreover, the rising adoption and implementation of tests and measuring equipment, and the presence of prominent players are also expected to drive the communication tests and measurement market in the region. Furthermore, rising investment by telecommunication equipment manufacturers and telecom operators, and the availability of faster internet connectivity are the main reasons for the adoption of communication test and measurement solutions in the region.
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