Growing Number of Data Subscribers Indicate Growth of Communication Test Equipment Market

Growing demand for data is key driving factor behind growing internet usage and improved QoS.   This has entailed service provider to ensure high signal strength. Communication test equipment has a significant role in strength and quality of signal in covered service area. With the help of communication service equipment, the service providers ensure high-speed internet with low rate of call drop in TSP covered area.

Further, implementation of new technologies such as IoT and NGN for traffic intelligence systems, connected cars, and smart cities is growing. This, in turn, is likely to augment communication test equipment market between year 2019 and 2029.

As per market analyst, the global communication test equipment market is estimated to scale at a moderate CAGR of 4.5% during the forecast period (2019-2029).

Cost-effective Communication Test Equipment Leading to Low Service Price

Cost effectiveness of communication test equipment has, further, a positive impact on the growth rate. Subsequently, service providers are reducing price of the services.

In recent years, cloud computing has been adopted by various enterprises, owing to its quality and cost-effectiveness. Auto provisioning and auto scalability are few driving factors. Several institutions and companies are shifting towards cloud based service models instead of on-premise models. Deployment of private and public cloud deployment model provides high security to data of companies and institutions.

Wide Adoption Rate of Cloud Computing Present Lucrative Growth Opportunities to Market

Considering the trend, market analyst has projected that cloud computing will proliferate extensively during the forecast period.

As cloud based services are projected to accelerate in forthcoming years, QoS holds significant position to access the platform.  Subsequently, communication test equipment market will also witness high demand from service providers. Communication test equipment aids to avoid black hole areas in the enterprise network and smooth service quality.

North America Market Likely to Flourish Due to Presence of Key Players in Region

Asia Pacific market accounts for half of the global communication test equipment share. Emerging economies such as India, China, and Japan are witnessing high demand of data, with growing number of mobile subscribers each day. In addition, introduction of LTE has augmented the rate of data usage.

Meanwhile, Europe and North America market is expected to boom in forthcoming years. With presence of high-tech services and equipment, the regional market is projected to expand at an impressive CAGR during forecast period.

Further, in recent years, telecom market has started gaining traction in countries such as South Africa, Ethiopia, and Uganda. The telecom companies have started providing basic packet based data services such as 2G and 3G. This, in turn, will fuel growth of communication test equipment market in coming years.

With presence of regional and international players, communication equipment market is witnessing intense competition. To mark their presence in the global market, the companies are consistently involved in research and development activities. To strengthen their foothold in the market, these companies are entering into mergers and acquisitions, collaborations, and partnership.

For example, in September 2019, Anritsu introduced its popular Communication Test Station MT8000A. The test station has upgraded 5G protocol test functions.

Some of the key companies operating in the global communication test equipment market is Texas, Exfo, and Spirent.

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