The Business Research Company’s 5G Device Testing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The 5G Device Testing Global Market Report 2023 evaluates 5g device testing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global 5g device testing market is expected to grow fromthe 5g device testing market size has grown strongly in recent years. It will grow from $1.49 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growing consumer demand,network capacity, quality assurance, network optimization.The 5g device testing market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
The increasing usage of IoT (Internet of Things) and connected devices is expected to propel the growth of the 5G device testing market going forward. IoT and connected devices refer to a network of physical objects, or things, which are embedded with sensors, software and other technologies to connect and exchange data over the internet. These connected devices can collect and share information, perform actions based on that data and communicate with each other and with central systems. 5G device testing often relies on IoT and connected devices to simulate real-world scenarios, collect data, ensure the functionality and performance of 5G-enabled devices and boost the credibility and market acceptance of IoT devices. For instance, in February 2022, according to the GSM Association, a UK-based non-profit organization, IoT connections will reach 23.3 billion globally by 2025, up from 15.1 billion in 2021. Therefore, the increasing usage of IoT and connected devices is driving the growth of the 5G device testing market.
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The 5g device testing market segments in the report are:
1) By Equipment: Oscilloscopes, Signal Generators, Spectrum Analyzers
2) By Revenue Type: New, Rental
3) By End-User: Telecom Equipment Manufacturers, Original Device Manufacturers, Telecom Service Providers, Other End Users
The table of contents in TBRC’s 5g device testing market report includes:
- Executive Summary
- 5G Device Testing Market Characteristics
- 5G Device Testing Market Trends And Strategies
- 5G Device Testing Market – Macro Economic Scenario
- Impact Of High Inflation On Market
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32. Global 5G Device Testing Market Competitive Benchmarking
- Global 5G Device Testing Market Competitive Dashboard
- Key Mergers And Acquisitions In The 5G Device Testing Market
- 5G Device Testing Market Future Outlook and Potential Analysis
- Appendix
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