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Wireless Testing Market Growth Analysis By Size, Share, News, Demand, Opportunity

Global Wireless Testing Market is valued approximately USD 10.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2019-2026. The wireless technology has constantly evolved over the past decade for communicating, voice, video, and data throughout the globe. With the advent of machine-to-machine communication aligned with IoT sensors and presence of full time access to the internet has paved the way for the adoption and demand for the wireless testing market. The Wireless testing market is primarily driven owing to surging focus towards development of 5G Network, escalating adoption of consumer electronics such as smartphones and smart gadgets, mandatory testing requirements framed by the International Telecommunication Union (ITU) for the electronic devices, escalating adoption of cloud computing & IOT devices and surging demand of smart home devices in both developed and developing countries.

The escalating adoption of consumer electronics is creating lucrative opportunity for wireless testing as the wireless testing benefits in outlining efficiency and compatibility of the electronic devices. For instance: In the year 2018, the market value for consumer electronics in the U.K. is expected to reach roughly $18.7 million that is projected to grow with around $21.4 million by 2020. Similarly, the consumer electronic industry in the United States is projected to grow by 2.2% in size from 2018 to 2019, reaching a total of 401 billion U.S. dollars resulting in positively influencing the need and utility of wireless testing market. However, lack of standardization in connectivity protocols impedes the growth of the market over the forecast period of 2020-2026.

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The regional analysis of global Wireless Testing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging focus on the development of 5G network along with escalating adoption of cloud computing & IOT devices. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as escalating demand for smart homes and surging adoption of consumer electronics such as smartphones and smart gadgets would create lucrative growth prospects for the Wireless Testing market across Asia-Pacific region.

Major market player included in this report are:
SGS Group
Bureau Veritas SA
Intertek Group Plc
DEKRA SE
AnritsuCorporation
Keysight Technologies
Rohde & Schwarz GmbH & Co KG
ViaviSolutions
TUV SUD Akademei GmbH
EXFO Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. 

Lolitta Dozier

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