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"What Investment Trends Are Expected to Influence the Global 5G Testing Market Towards $1.41 Billion by 2030?"

user image 2024-08-21
By: Mayu14
Posted in: Information and Technology

Meticulous Research® has published an extensive report titled "Global 5G Testing Market by Offering (Equipment, Outsourced Services), Application (5G Fixed Wireless Access Deployment Testing, Converged 5G xhaul Transport, 5G Small Cell Testing, Dark Fiber Testing), End User, and Geography—Global Forecast to 2030." This report predicts that the global 5G testing market will reach $1.41 billion by 2030, with a CAGR of 12.4% from 2023 to 2030.

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Key drivers of this market include the growth of the 5G market, increased demand for 5G device vulnerability assessments, and favorable 5G testing initiatives. Additionally, advancements in 5G standards and innovative test and measurement solutions are expected to create substantial opportunities. Challenges such as a shortage of skilled 5G testing professionals may impact market growth.

The market is segmented by offering into equipment, software, and outsourced services. The outsourced services segment is anticipated to grow at the highest rate, driven by the proliferation of 5G devices and affordable testing services, which are critical for the successful deployment of 5G networks.

Application segments include 5G fixed wireless access deployment testing, converged 5G xhaul transport, 5G small cell testing, dark fiber testing, and more. The 5G fixed wireless access segment is expected to see significant growth due to rising demand for high-speed internet. For example, 1&1 AG and Nokia Corporation have made strides in this area with their respective 5G FWA tests and agreements.

End users in this market are telecom equipment manufacturers, TIC service providers, telecom service providers, government agencies, and others. Telecom service providers are expected to experience the highest growth rate, driven by the demand for high-speed data connectivity and advances in IoT technology.

Geographically , the Asia-Pacific region is projected to grow at the highest CAGR, supported by substantial investments in 5G infrastructure in countries like China, Japan, and South Korea, and increasing demand for 5G-enabled smartphones.

Key Players

The key players profiled in the global 5G testing market study include ANRITSU CORPORATION (Japan), Artiza Networks, Inc. (Japan), EXFO Inc. (Canada), PCTEL, Inc. (U.S.), Intertek Group plc (U.K.), Keysight Technologies, Inc. (U.S.), MACOM Technologies Solutions Holdings, Inc. (U.S.), Rohde & Schwarz GmbH & Co. KG (Germany), Teradyne Inc. (U.S.), VIAVI Solutions Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), Trex Enterprises Corporation. (U.S.), Siklu Communications, Ltd. (Israel), GL communications Inc. (U.S.) and Innowireless Co., Ltd. (South Korea).

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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