Global over the air testing market to expand at 10.13% till 2023.

Mumbai
February 11, 2019 - According to a Netscribes’ report published on Research on Global Markets, the global over the air testing market is expected to have a considerable compound annual growth rate (CAGR) of 10.13% and reach a market size of USD 1.77 Bn by 2023.

According to the report, over the air (OTA) testing is required by standards organizations, regulatory bodies, carriers, and merchants to examine the performance, proficiency, safety, and reliability of wireless devices in the real world. OTA testing is utilized by regulatory bodies such as the Cellular Telecommunications and Internet Association (CTIA) and mobile network operator (MNO).
The global over the air testing market is segmented based on application, communication technology, and region.

The same report suggests that the media and entertainment sector will expand at a CAGR of 11.4% during the 2018-2023 period. Increasing adoption of autonomous and connected cars has led to a boost in OTA testing in automotive and transformation industry. OTA testing is expected to see further growth due to the accelerated adoption of Internet of Things. Pre-compliance testing for the rapidly-evolving 5G technology will also play a major role in the growth of OTA testing as a service. The growth of smart cities and increase in the use of smart devices such as smart watches, medical devices and fitness wearables connected using wireless devices such as Bluetooth, Wi-Fi, and cellular devices will fuel the growth of the OTA testing market.

Geographically, the global over the air testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is showing the maximum growth potential, followed by North America and Europe. Huge investments in the machine to machine (M2M) communication and the implementation of Internet of Things in India, Japan, China, and South Korea along with the increased use of telecommunication devices such as smartphones, laptops, and computers are the reason behind the strong growth of OTA testing in the Asia Pacific region. In Europe, the creation of the Alliance for Internet of Things Innovation (AIOTI) by the European Commission and increase in government spending on the Internet of Things in North America has resulted in the growth of the global OTA testing market.

Key highlights of this report:
1. Trends in global distributed antenna systems (DAS) market.
2. Market attractiveness analysis, and geography-wise market revenue (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
3. Qualitative analysis of the global drivers and challenges affecting the market and its segments
4. Porter’s five forces analysis.
5. Market segmentation based on industry verticals (automotive, insurance, healthcare, media, and entertainment and others) - historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations.
6. Market share of key companies.
7. Detailed analysis of the key developments and major innovations in the market.

For more information, download the Global carbonated beverage market:
https://www.researchonglobalmarkets.com/global-over-the-air-testing-market-2018-2023.html

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This release was published on openPR.