Global 5G Testing Equipment Market to Grow at a CAGR of 4.54% from 2018-2022

According to a new report by ResearchAndMarkets.com - The global 5G testing equipment market is expected to grow at a CAGR of 4.54% during the period 2018-2022. One key trend in the market for 5G Testing is software-defined testing. The test and measurement industry is now more inclined toward a software-defined approach to create flexible and efficient test sets for 5G equipment comprising highly complex radio frequency (RF) designs.

According to the report, one driver in the market is increasing demand for improved network capacity to access connected services. The demand for faster mobile communication to experience seamless integrity of connected devices has witnessed continuous growth in recent years. Internet connectivity is an important access channel to support and enable communications over large-scale IoT devices.

Further, the report states that one challenge in the market is high deployment cost of 5G test equipment. The acquisition cost of 5G technology is very high. High installation cost for small cell networks and limited security for remotely placed outdoor power systems are some of the concerns that are expected to hinder growth of the global 5G test equipment market.

The Global 5G Testing Equipment Market 2018-2022 report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Click here to read the full report.