Meticulous Research®, a leading global market research company, has published a comprehensive 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."
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According to the report, the global 5G testing market is projected to reach $1.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. This significant growth is driven by the rapid expansion of the 5G market, increasing needs for vulnerability assessments of 5G devices, and supportive initiatives for 5G testing services. The standardization of 5G and its applications, particularly in enhanced mobile broadband (eMBB), along with technological innovations in testing solutions, are expected to present substantial opportunities. However, the shortage of skilled labor resources poses a challenge to market growth.
Market Segmentation and Insights: The global 5G testing market is segmented by offering, application, end-user, and geography. The report provides a detailed evaluation of industry competitors and analyzes the market at both regional and country levels.
Offering Segment: Equipment: Includes signal generators, signal and spectrum analyzers, oscilloscopes, network analyzers, and other equipment. This segment is anticipated to hold the largest market share in 2023, driven by the emergence of 5G technologies, low business risk factors, and increased network traffic. The deployment of 5G testing equipment is crucial for preventing infrastructure delays and issues, and it offers comprehensive analytical models for telecom service providers (TSPs).
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Application Segment: 5G Small Cell Testing: Expected to dominate the application segment in 2023 due to the 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: Telecom Equipment Manufacturers: This segment is projected to hold the largest market share in 2023, attributed to the global deployment of 5G networks and long-term evolution technologies such as LTE. Telecom equipment manufacturers rely on 5G testing equipment for managing multiplexers, transmission lines, base transceiver stations, and more, ensuring compliance with international standards.
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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 casts a spotlight on key industry players shaping the contours of the global 5G testing market. Notable entities include ANRITSU CORPORATION, Artiza Networks, Inc., EXFO Inc., and a constellation of other visionary organizations driving innovation and excellence in the field.
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