5G Testing Sector Poised for Expansion, Targeting $1.41 Billion by 2030


Posted July 2, 2024 by Pratiksha

According to the latest publication by Meticulous Research®, the 5G testing market is expected to grow at a CAGR of 12.4% from 2023 to 2030, reaching $1.41 billion by 2030.
 
Meticulous Research®, a prominent global market research firm, has released a detailed report titled, "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."
Download the Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5482?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=02-07-2024
According to the report, the global 5G testing market is expected to reach $1.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. This growth is fueled by the rapid expansion of the 5G market, the increasing need for vulnerability assessments of 5G devices, and supportive initiatives for 5G testing services. The standardization of 5G, particularly in enhanced mobile broadband (eMBB), along with technological advancements in testing solutions, presents substantial opportunities. However, the shortage of skilled labor resources poses a challenge to market growth.
Market Segmentation and Insights:
• Offering Segment:
o Equipment: This includes signal generators, signal and spectrum analyzers, oscilloscopes, network analyzers, and more. This segment is anticipated to hold the largest market share in 2023 due to the emergence of 5G technologies, low business risk factors, and increased network traffic. Deploying 5G testing equipment is crucial for preventing infrastructure delays and issues, offering comprehensive analytical models for telecom service providers (TSPs).
Explore in Depth: https://www.meticulousresearch.com/product/5g-testing-market-5482?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=02-07-2024
• Application Segment:
o 5G Small Cell Testing: Expected to dominate the application segment in 2023 due to rising consumer demand for high-speed mobile data connectivity. The deployment of 5G small cell networks in industrial, enterprise, and residential applications is increasing to provide extended coverage at an affordable price. The proliferation of smart cities, especially in countries like the U.S., Canada, Singapore, the U.K., Germany, Italy, and France, is driving this segment's growth.
• End-User Segment:
o Telecom Equipment Manufacturers: This segment is projected to hold the largest market share in 2023 due to the global deployment of 5G networks and long-term evolution technologies such as LTE. Telecom equipment manufacturers rely on 5G testing equipment to manage multiplexers, transmission lines, base transceiver stations, and more, ensuring compliance with international standards.
Geographical Insights:
• North America: Expected to lead the 5G testing market in 2023 due to the early adoption of 5G testing equipment and extensive deployment of 5G infrastructure. Major network service providers in the region, such as AT&T Inc., are heavily investing in R&D to integrate 5G technology into various applications, including smartphones and healthcare, enhancing overall network performance.
Key Players: The report highlights key industry players shaping the global 5G testing market, including ANRITSU CORPORATION, Artiza Networks, Inc., EXFO Inc., and others driving innovation and excellence in the field.
Buy Now: https://www.meticulousresearch.com/Checkout/20592925?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=02-07-2024
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.
Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Meticulous Research
Phone 07447780008
Business Address Office No-202, 203,204,205,206; 2nd Floor, Pushpak Business Hub, Pune, Wakad, Pimpri-Chinchwad, Maharashtra 411057
Country India
Categories Business , Mobile , Technology
Last Updated July 2, 2024