Technological growth of Wireless Network Test Equipment Market
The wireless network test equipment market is estimated to be USD 3.2 billion in 2018 and is expected to reach USD 4.7 billion by 2023 at a CAGR of 8.0%. A wireless network uses wireless data connections between network nodes with the help of various devices such as mobile, computer, and other systems. The increasing number of subscribers affect the network quality, which would, in turn, require network testing to solve issues of interference and congestion. Wireless network testing uses drive test, monitoring, and crowdsourcing, along with related test equipment such as analyzers, base station equipment, and probes. The growing mobile data traffic coupled with increasing adoption of smart devices, rising technological advancement toward networking and communication, and increasing interoperability of network technologies are the major factors driving the growth of the market.
The market for OSS with geolocation equipment is expected to grow at the highest CAGR during the forecast period. Operations support systems (OSS) are the systems used by telecommunications service providers to manage their network by supporting various functions such as network inventory, service provisioning, network configuration, and fault management. Geolocation is a wireless mode to locate the physical location of a device. The mobile devices have inbuilt GPS receiver. The geolocation data of the mobile device can be used to conduct the network test.
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The 5G network technology market is expected to grow at a higher CAGR from 2018 to 2023. The 5G connectivity technology would be driven by the proliferating demand for fast and high capacity networks. The volume of data being carried by cellular networks is driven by the increasing preference for video streaming among consumers. 5G would provide greater data speed and lower latency along with the ability to connect many devices at a time.
The enterprises is expected to register the highest CAGR in the wireless network test equipment market during the forecast period. In the digital era, a smooth and agile network is of utmost importance for every enterprise to be the frontrunner in the business landscape. Wireless network test equipment help enterprises improve their network performance by examining every aspect of the network process during the entire journey. Wireless network test equipment is widely adopted due to the increased need for maintaining and optimizing the network.
APAC is expected to be the fastest-growing market for wireless network test equipment during 2018–2023. China is expected to have a major market share in the wireless network test equipment market in APAC due to high investments in network infrastructure and presence of major telecom companies, such as China Telecom and China Mobile, and low-cost communication technology leaders, such as ZTE and Huawei. The recent 4G upgrades in China from 2015 to 2016 show a larger scope for wireless network test equipment in the country. The companies such as Huawei and China Mobile are leading the development of the forthcoming 5G technologies. Networking companies are investing heavily in R&D of networking solutions, with a focus on long-term value creation. Based on the fluctuations in short-term business performance and financial results, the leading networking companies have not reduced their investment for innovating and testing networking solutions. For instance, since 2009, Huawei has been investing heavily in R&D for the development of 5G, and it has achieved positive results in the second phase of the 5G test. Moreover, networking companies have been collaborating with other companies for continuously developing and testing networking solutions. For instance, in 2015, Intel and Verizon formed a collaboration to accelerate the development of 5G.
Related Reports:
Wireless Network Test Equipment Market by Equipment Type (Drive Test Equipment, Monitoring Equipment, OSS with Geolocation Equipment, SON Testing Equipment), Network Technology (2G/3G/4G and 5G), End User, and Region - Global Forecast to 2023
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