London, 14 March 2016: Technavio, the independent tech-focused global research firm, has published a report on the global communication test and measurement market, which is anticipated to grow at a CAGR of over 9% during the forecast period.
Global communication test and measurement market by geographical segmentation 2015
Source: Technavio
The recent increase in the adoption of smart devices will help to drive the prospects for growth in this market. In recent times, consumers have been using smartwatches and other smart gadgets with functions like voice calling, video calling, and data transfer. The integration requirement for voice, video, and data transfer services has compelled network carriers adopt wireless testing equipment. Since the adoption of wireless testing equipment helps to retain customers, many network carriers have started using wireless testing equipment to provide hassle-free and high-quality products, and services to their consumers.
“The augmented adoption of automated test equipment will also foster market growth until the end of the forecast period. Recently, it has been observed that the end user’s demand for automated test equipment has increased significantly, especially in the fiber optic test equipment segment. Since automated test equipment help to perform multifunctional operations, they are being preferred over traditional standalone equipment. Its ability to reduce operational cost and time will lead to its augmented adoption during the estimated period,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
“Another important factor driving this market is the growing demand for used and rental test and measurement equipment. End-users in the market, such as enterprises and telecommunications service providers, are generally price-sensitive and, therefore, prefer utilizing used and rental and test measurement equipment as they help to bring down the total cost of operation. Due to the 2008-2009 global economic crisis and the latest Eurozone crisis, end users have started opting for used or rented test equipment to reduce their investment costs.”
Market drivers –
- Growing adoption of smart devices
- Advances in communications technologies
- Rise in data traffic
- Increase in R&D initiatives
Market trends –
- Increased demand for automated test equipment
- Market consolidation
- Increase in outsourcing
Key market vendors –
- Anritsu
- EXFO
- National Instruments
- Rohde &Schwarz
- Spirent Communications
- Viavi Solutions
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Communication Test and Measurement Market 2016-2020, please send an e-mail to media@TechNavio.com.
Related reports-
