"5G Testing Market Anticipated to Achieve $1.41 Billion by 2030"

Meticulous Research®, a renowned global market research company, has recently released a comprehensive research report titled "Global 5G Testing Market by Offering, Application, End User, and Geography-Global Forecast to 2030." According to the report, the global 5G testing market is expected to reach $1.41 billion by 2030, growing at a CAGR of 12.4% from 2023 to 2030.

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The growth of the 5G testing market is fueled by several factors, including the expanding 5G market, the increasing need for vulnerability assessment of 5G devices, and favorable initiatives for 5G test services. Additionally, the standardization of 5G and its applications focused on enhanced mobile broadband (eMBB), along with technological innovations in test & measurement solutions, are creating significant growth opportunities in the market.

Key highlights from the report include:

Offering Segmentation: The global 5G testing market is segmented into equipment, software, and outsourced services. The outsourced services segment is expected to witness the highest CAGR during the forecast period due to the growing demand for testing services alongside the surge in 5G devices.

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Application Focus: The market's application segments include 5G fixed wireless access deployment testing, converged 5G xhaul transport, 5G small cell testing, dark fiber testing, and other applications. The 5G fixed wireless access segment is projected to exhibit the highest growth rate, driven by increasing demand for strong internet connectivity.

End User Analysis: The end user segments encompass telecom equipment manufacturers, TIC service providers, telecom service providers, government, and other end users. The telecom service providers segment is expected to experience significant growth, driven by the rising demand for high-speed data connectivity and unified IoT applications.

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Geographical Insights: The Asia-Pacific region is anticipated to register the highest CAGR during the forecast period, driven by major market players' investments in 5G infrastructure across various industry verticals such as media, transportation, healthcare, and manufacturing.

The report also profiles key players in the global 5G testing market, including ANRITSU CORPORATION, Artiza Networks, Inc., EXFO Inc., PCTEL, Inc., Intertek Group plc, and others, providing insights into their market strategies and contributions to the industry.

For a detailed analysis of market dynamics, competitive landscape, and regional trends in the global 5G testing market, the full report is available for purchase and download on the Meticulous Research® website.

Browse in depth @ https://www.meticulousresearch.com/product/5g-testing-market-5482

Related Report:
5G Infrastructure Market by Component (Base Station, Radio Access Network [RAN], Transport Network, Core Network), Network Architecture (5G NR Standalone, 5G NR Non-Standalone), Spectrum - Global Forecast to 2030 >> https://www.meticulousresearch.com/product/5g-infrastructure-market-5471

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This release was published on openPR.