Global Wireless Network Test Equipment Market by Network Technology (2G/3G/4G Technology and 5G Technology), End-User (Telecommunications Service Providers, Enterprises, and Others), Equipment Type (Drive Test Equipment, Crowdsourcing Equipment, Monitoring Equipment, OSS With Geolocation Equipment, Son Testing Equipment, and Site Testing Equipment), and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 7.36 Bn by 2027, at a CAGR of 9.7 %.
Wireless network test equipment support enterprises to increase their network performance by inspecting every aspect of the network procedure during the entire journey. The necessity for testing equipment is growing due to rising bandwidth demand, the introduction of next-generation cellular & wireless technologies and improved need for maintaining and optimizing the network.
The factors which drive the growth of the global wireless network test equipment market are growing mobile data together with increasing adoption of smart devices, increasing technical advancement to networking, rising growth of the IoT, high demand from large-scale enterprises, increasing use in maintenance, network installation, research & development, and manufacturing and communication and rising interoperability of network technologies.
However, drive testing is labor demanding activity hampers the growth of this market also longer timelines and extended R&D requirements for evolving new communication technologies are hampering the growth of the global wireless network test equipment market. The key challenge to the growth of this market is the dearth of trained workforce to infer intuitions from collected data and the high cost of production of equipment.
Roll-out of LTE and LTE innovative (4G) network and investments in R&D and positive results from the testing phase of 5G networks are projected to generate many opportunities in the global wireless network test equipment market.
2G/3G/4G network technology is expected to dominate the market
The 2G/3G/4G network technology is expected to hold the largest market share of the wireless network test equipment market in the forecast period because of the 2G/3G/4G networks are most commonly used network technologies. The growing importance of mobile data services with improved capacity in a large number of industries across the world which, would drive the market for 4G/LTE until the institution of 5G connectivity technology.
Enterprises end-user hold the major share of the market
The enterprises end-user is projected to grow rapidly because of the increased need for maintaining and optimizing the network and growing requirement of wireless network test equipment from large-scale enterprises. Wireless network test equipment help enterprises progress their network performance by observing every aspect of the network process during the entire journey is the key factor driving the growth of the global wireless network test equipment market
This report contains a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Anritsu, Infovista, Keysight Technologies, Rohde & Schwarz, Viavi, Accuver, Dingli Corporation, Empirix, EXFO, Spirent Communications, Teoco, Radcom, Gemalto, Netscout and Bird Technologies.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about themarket. Report encompasses the Market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global wireless network test equipment database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing Market know-how of our clients and at the same time explain the market positioning of competitors.
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