Communication Test Equipment Market to Experience Exponential Growth, With Launch of Next Generation Networks (NGNs)
Communication test equipment products are the integrated services and testing equipment that help Communication Service Providers (CSPs) to ensure QoS network services offered.
telecom industry is undergoing revolutionary change with introduction of IMS core system using SIP protocols, importance of packet transmission and reception with accuracy and low latency rate has increased over the last few years.
Communication testing equipment has a diverse product portfolio that is used by system integrators & enterprises, mobile device manufacturers and equipment manufacturers.
This equipment is used to monitor RF strength with the associated bandwidth allocated to a service provider in different circles.
Mounting demand for data is the major driving force behind higher internet usage and better QoS. This has enabled service providers to ensure high signal strength.
Communication test equipment helps in analyzing signal quality and strength in service area covered under TSPs to provide internet with high-speed along with lower call drop rate.
With the introduction of NGNs and IoT applications like connected cars, traffic intelligence systems and smart cities, market for communication test equipment is expected to grow at a steady CAGR of 4.5% from 2020-2029.
Wireless communication test equipment is forecast to grow 2.8X during the forecast period. Furthermore, this equipment is more cost-effective for service providers as they lower their operating expenses.
China and India, with world’s highest mobile subscribers and high data usage across globe are poised to present lucrative opportunities.
Cloud Computing on an Upward Growth Trajectory in Communication Test Equipment Market
Cloud computing is projected to grow its value by 2.5X times from 2019 to 2029. With better quality and cost benefits, companies and institutions are adopting cloud based service models instead of on premise models.
Cloud service benefits such as pay as you go, auto scalability, auto provisioning and many more has enabled industries to adapt to cloud computing models.
In addition, public and private cloud deployment model provides better security to the data of an organization.
As cloud services are set to gain aggressive growth in the coming years, QoS for any telecommunication service provider becomes of paramount importance to access this cloud platform.
Thus, communication test equipment market will experience increasing demand form service providers to ensure their service quality and to avoid black hole areas under their enterprise network.
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Asia Pacific to Account for Half of Total Market Share
From regional perspective, Asia Pacific currently holds around half of global communication test equipment share.
Countries such as China, India and Japan are the countries with highest number of data users with introduction of LTE services.
Furthermore, North America and Europe are expected to be the most attractive regions growing at the fastest CAGR throughout forecast period, with presence of high-tech services and equipment.
From the last few years, countries such as Ethiopia, Uganda and South Africa where telecom market has started gaining attention with basic packet based services such as 3G, will drive demand for communication test equipment market.
IoT and AI to Remain Key Market Trends for Driving Demand of Communication Test Equipment Market
Communication test equipment market is partially consolidated in nature, with global and regional players dominating the market.
As a result of technological advancement and introduction of IoT & AI, demand for data has increased from wireless transmission medium.
RF bandwidth and its allocation for these uninterrupted services are set to gain high importance along with number of regulations imposed on them.
Regulations with respect to QoS will enable use of communication test equipment to ensure quality and strength of signal for any service provider.
For instance, driverless cars by Google requires high speed data with relevant extracted information along with low latency rate which can be as low as 0-5ns.
This requirement has enabled service providers to focus on their quality, speed and security, which will further lead to utilization of communication test equipment helping stakeholders to understand various parameters such as signal strength, latency rate, encryption and decryption methodology.
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Communication Test Equipment Market Segmentation
Fact.MR has studied the communication test equipment market with detailed segmentation on the basis of Communication System, test type, end-use industry and key regions.
|End- Use Industry||
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Communication Test Equipment Market- Scope Of The Report
The recent study by Fact.MR on communication test equipment market offers a 10-year forecast between 2019 and 2029.
The study analyzes crucial trends that are currently determining the growth of communication test equipment market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of communication test equipment.
The study also provides dynamics that are responsible for influencing the future status of the communication test equipment market over the forecast period.
A detailed assessment of communication test equipment market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report.
A list of prominent companies operating in the communication test equipment market along with their product portfolio enhances the reliability of this comprehensive research study.
Communication Test Equipment Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in communication test equipment market across the globe.
A comprehensive estimate on communication test equipment market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of communication test equipment during the forecast period.
Price point comparison by region with global average price is also considered in the study.
Communication Test Equipment market: Analysis on Market Size Evaluation
Communication test equipment market has been analyzed for each market segment, in terms of volume (Units) and value (US$ Mn).
Market estimates at global and regional levels for communication test equipment is available in terms of “US$ Mn” for value and in “Units” for volume. A Y-o-Y growth contrast on prominent communication test equipment market segments, along with market attractiveness evaluation has been incorporated in the report.
Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report.
Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global communication test equipment market.
Communication Test Equipment market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the communication test equipment report, which have helped to deliver projection on the regional markets.
These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of communication test equipment market during the forecast period.
Country-specific valuation on demand for communication test equipment has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries.
For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Communication Test Equipment Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of communication test equipment along with their detailed profiles.
Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the communication test equipment, has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in communication test equipment market.
Prominent manufacturers with established market presence in global communication test equipment market are EXFO Inc., Spirent Communications, Texas Instruments Incorporated., Anritsu, Rohde & Schwarz, Octoscope, Anritsu, Danaher Corporation, Agilent Technologies, Via Solutions and IXIA
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