The Communication Test Equipment Market is Set for an Era of Transformation
This study talks about the trends in the communication test equipment market in Asia Pacific (APAC). APAC is a major growth area for test equipment vendors, with almost all major players seeing their highest growth and thereby strategizing to gain market share in this region compared to other regions. Growing population, government initiatives, and increasing investments are making APAC a lucrative region for communication test vendors.
Developing countries are still driving the demand for certain product segments that are expected to see a demand decline in developed countries, while developed nations are driving the innovation and the need for next-generation technologies in the communication test space.
Research Scope
Product Scope: LTE Test Equipment, VoLTE Test Equipment, Wi-Fi Test Equipment, Cloud Infrastructure Testing and Cloud-based Application Monitoring, Security Test Equipment, Ethernet Test Equipment, and LTE-Advanced Test Equipment Markets.
End-user Scope: Telecommunication Service Providers, Original Equipment Manufacturers (OEMs, includes Network Equipment Manufacturers, Chipset manufacturers), Enterprises & Others (Mobile Virtual Network Operators, Wholesale Access Providers).
End-user applications are constantly evolving and getting complex in terms of technology. With the recent evolution of Big Data, cloud computing, and Internet of Things (IoT ), connected devices are expected to grow multifold during the forecast period, causing an increase in the demand for suitable test solutions. Companies are recognizing these advancements and are looking to broaden their offerings in terms of product portfolio. Mergers and acquisitions (M&A) are seen as the best way to address this concern. After a recent M&A that took place in 2017, the market is in for few more mergers as few other companies are also looking at this strategy to strengthen their market share.
Key Issues Addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- Are the existing competitors structured correctly to meet customer needs?
- What are the main competitive factors for participants in the market?
- How is the competitive landscape?
- How will the structure of the market change with time? Is the market ripe for acquisitions?
- What are the key growth opportunities for market participants and how can they be addressed?
- Which vertical markets offer high growth potential?
- What are the end users demanding and how vendors can strategize to offer better value proposition to their clients?
