London, 13 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global T&M Equipment Market 2015-2019, which is expected to grow at a CAGR of 5.86% during the period 2015-2019.
The global T&M equipment market is expected to go through immense growth because of technological advancements and increased mobile data usage. The requirement for end-users to preserve Quality of service and Quality of experience has been the main reason generating the demand for T&M equipment. Renewed customer confidence and fast tracking of investment decisions is expected to be the major growth drivers for the market during the forecast period.
“The need for compatibility of test equipment is the main focus of T&M equipment vendors when developing a new product,” says Faisal Ghaus, Vice President of TechNavio.
“The need for effective inter-operability between old and new technologies by the same equipment will be one of the main drivers for the market during the forecast period.”
Key Market Drivers
- Increase in R&D investment
- Rapid evolution of technology
- Large telecom user base
Key Market Trends
- Need for compatibility of test equipment
- Increased digitization
- Renting of test equipment
Key Market Vendors
- Agilent Technologies Inc.
- Danaher Corp.
- JDS Uniphase Corp. (JDSU)
- SPX Corp.
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 T&M Equipment Market 2015-2019; please send an e-mail to media@TechNavio.com.
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