Communication Test and Measurement Market: Current Analysis and Forecast (2022-2028)

Report Description

The Global Communication Test And Measurement Market is anticipated to grow with an elevated CAGR of around 8% over the forecast period (2022-2028). The communication test and measurement market comprise testing equipment, software, and services, which are used to test all devices and networks used for communication purposes. The global communication test and measurement market are growing on account of the growing need for high-speed internet, also the growing applicability of the internet with IoT devices. For instance, there are more than 294.15 million smartphones only in the U.S. Smartphones make using the internet more accessible to a larger user base. Furthermore, increasing demand for reliable internet connectivity across the globe and the rising development of new innovative technologies, such as IoT and Artificial Intelligence (AI), is enabling the need for faster internet communication standards.

Insights Presented in the Report

“Amongst Solution, wireless segment holds the major share”

Based on the solution, the market is segmented into wireless and wireline test solutions. The wireless test solution is expected to achieve a prominent CAGR during the forecast period. The growing adoption of wireless solutions can be attributed to its functionalities such as increased mobility and higher installation speed with simplicity. Furthermore, wireless test solutions have a wider reach when compared to wired and cabled test solutions.

“Amongst Service, professional service segment holds the major share”

Based on type, the market is segmented into product support service, professional service, and managed service. The professional service is expected to rise significantly during the forecast period. The growing adoption of professional services can be attributed to the expertise that professional services provide in areas such as improved testing coverage resulting in better quality and increased compliance level, access to industry-leading solutions and approaches, and cost reductions. Furthermore, professional services help organizations significantly in the time of IT infrastructure expansion or new technology rollout.

“Amongst Type, field network testing segment holds the major share”

Based on the type, the market is segmented into enterprise tests, field network tests, and lab & manufacturing tests. The field network test is expected to achieve a significant CAGR during the forecast period. The growing adoption of the field network test can be attributed to its cost-effectiveness, also the errors can be rectified without substantial losses.

“Amongst End-user, mobile device manufacturer segment holds the major share”

Based on end-user, the market is segmented into network equipment manufacturers, mobile device manufacturers, and telecommunication service providers. The mobile device manufacturers are expected to achieve a significant CAGR during the forecast period, mobile device manufacturers use communication test and measurement solutions to help to ensure the performance of mobile devices such as cell phones, PDAs, and tablet computers. Testing is performed on both mobile device hardware and software. Various types of mobile device testing include R&D testing, manufacturing testing, and certification testing.

“North America represents one of the largest markets of communication test and measurement market”

For a better understanding of the market dynamics of the communication test and measurement market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North American region is expected to grow significantly during the forecast period, the growth in the region can be attributed to the growing internet literacy in the region and growing early adoption of communication tests and measurement solutions. Moreover, the rising adoption and implementation of tests and measuring equipment, and the presence of prominent players are also expected to drive the communication tests and measurement market in the region. Furthermore, rising investment by telecommunication equipment manufacturers and telecom operators, and the availability of faster internet connectivity are the main reasons for the adoption of communication test and measurement solutions in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:

The global communication test and measurement market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Global Communication Test And Measurement Market Analysis (2022-2028)

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global communication test and measurement market were the three major steps undertaken to create and analyze the adoption of the communication test and measurement market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global communication test and measurement market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the communication test and measurement market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the communication test and measurement market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as solution, service, type, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of communication test and measurement market across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the communication test and measurement market. Further, we conducted factor analysis using dependent and independent variables such as solution, service, type, and end-user. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the communication test and measurement market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the communication test and measurement market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2028 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of communication test and measurement market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the communication test and measurement market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the communication test and measurement market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas as solution, service, type, and end-users of the communication test and measurement market.

The main objective of the communication test and measurement market study

The current & future market trends of the communication test and measurement market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the communication test and measurement market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of solution, service, type, and end-user.
• Define and analysis of the regulatory framework for the communication test and measurement market industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the communication test and measurement market for the major region
• Major regions studied in the report include North America, Europe, Asia-Pacific, and Rest of the world
• Company profiles of the communication test and measurement market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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