The telecommunication test and measurement market is expected to reach $6.69 billion by 2020 from $4.28 billion in 2015 — at a compound annual growth rate (CAGR) of 9.3 percent from 2015 to 2020.
A report in MarketsandMarkets said increasing usage of smartphones, mobility and rapid mobile data traffic growth will drive the demand for quality of services (QoS).
The change in the network circulation from voice to integrated voice, video, and data is encouraging the need for solutions to test performance, capacity, and network management for data traffic, the telecom report said.
Ethernet and fiber optics are evolving to achieve speed up to 400Gbps and above. Internet of Things (IoT) based projects and the 5G mobile technologies by 2020 will also be a major driving factor of the communication test and measurement market.
The report said North America region is expected to contribute the maximum market share to the overall communication test and measurement market.
The telecom T&M market is in growth stage in Asia Pacific, Europe, Middle East and Africa (MEA), and Latin America.
Anritsu, Keysight Technologies, Danaher, EXFO, Ixia, National Instruments, Rohde & Schwarz, Spirent Communications, Yokogawa Electric, and Viavi Solutions are the important T&M players in the global telecom market.
Baburajan K
editor@telecomlead.com