Artificial Intelligence in Manufacturing Market worth $16.7 billion by 2026

 

The report "Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Technology (Machine Learning, Computer Vision, Context-Aware Computing, and NLP), Application, End-user Industry and Region - Global Forecast to 2026", is expected to be valued at USD 1.1 billion in 2020 and is likely to reach USD 16.7 billion by 2026; it is expected to grow at a CAGR of 57.2% during the forecast period. The major drivers for the market are the increasing number of large and complex datasets (often known as big data), evolving Industrial IoT and automation, improving computing power, and increasing venture capital investments.

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The hardware segment in the AI in manufacturing market projected to grow at highest CAGR during forecast period

The hardware segment is projected to grow at the highest CAGR from 2020 to 2026. Most of the AI hardware manufacturers have been in the business of providing the same hardware components for other technologies such as connected cars, machine vision cameras, and IoT for a long time. This will enable the companies to transfer the technology easily and accordingly develop the AI hardware. Moreover, the increasing participation of startups in AI hardware is complementing the growth of the hardware segment.

Quality control application of AI in manufacturing market to grow at highest CAGR during forecast period

The quality control application is expected to register the highest CAGR during the forecast period. Governments impose regulations on maintaining the quality according to certain benchmarks; for instance, the USD Food and Drug Administration (FDA) imposes stringent guidelines to regulate the quality of pharmaceutical products in accordance with the Current Good Manufacturing Practices (CGMPs). The growing use of robotics and deep learning technology in the manufacturing industry is expected to drive the growth of the AI in manufacturing market for the quality control application

AI in manufacturing market in APAC projected to grow at highest CAGR from 2020 to 2026

The AI in manufacturing market in APAC is expected to grow at the highest CAGR during 2020–2026. The presence of a large number of industries, especially in countries such as China, India, and Taiwan is resulting in the adoption of AI in the manufacturing sector in APAC. The increasing adoption of AI-based robots is also fueling the market’s growth in this region.

NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Progress Software Corporation (US), Micron Technology Inc., (US), Mitsubishi Electric Corporation (Japan), Sight Machine (US), Cisco Systems Inc., (US), and SAP SE (Germany) are the prominent players of AI in manufacturing market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Next-Generation Data Storage Market growth worth $81.0 billion by 2025

 

The report "Next-Generation Data Storage Market by Storage System (Direct-Attached, Network-Attached, Storage Area Network), Storage Architecture (File- & Object-Based, Block), Storage Medium (SSD, HDD, Tape), & End User - Global Forecast to 2025", is estimated to grow from USD 53.9 billion by 2020 to USD 81.0 billion by 2025 at a CAGR of 8.5%. The major drivers for this market include the massive growth in digital data volume; proliferated use of smartphones, laptops, and tablets; growth of IoT market; and increasing penetration of high-end cloud computing.

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Storage area network to hold largest share of next-generation data storage market during forecast period

Storage area network is expected to hold the largest share of the next-generation data storage market during 2020–2025. As an increasing number of companies have started utilizing cloud-based services to store their data with the use of virtual servers, companies aim to expand their storage capacities beyond existing infrastructural capabilities. SAN technology is widely used by cloud technology creators due to its ability to connect large numbers of servers to storage devices.

Growing data generation by large enterprises is expected to drive the market for File- and object-based storage architecture

File- and object-based storage (FOBS) is expected to hold the largest share of the next-generation data storage market during 2020–2025. Rapidly growing data generation by large enterprises is leading to an increased need for FOBS to manage those huge volumes of data. These huge volumes of structured and unstructured data, including photos, videos, audio files, and other media, are generating considerable market opportunities for file-and object-based storage market players.

North America to hold largest size of next-generation data storage market during forecast period due to rapid technological advancements in the region

North America is expected to account for the largest share of the market by 2020. The increasing volume of unstructured data across various industries and rapid technological advancements have led to an increased demand for the secure, reliable, and cost-efficient storage infrastructure in North America. The region, being the early adopter of advanced data storage technologies, captures the largest share of the next-generation data storage market.

The companies profiled in this report are Hewlett Packard Enterprise Company (US), Dell Inc. (US), NetApp, Inc. (US), Hitachi, Ltd. (Japan), and International Business Machines Corporation (US), Toshiba  Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Scality  (US), Micron Technology, Inc. (US), Tintri, Inc. (US), Cloudian, Inc. (US), Drobo, Inc. (US), Quantum Corporation (US), Western Digital Corporation (US), Samsung Electronics (South Korea), Fujitsu Ltd. (Japan), VMware, Inc. (US), Nexenta Systems, Inc. (US), and Netgear Inc. (US), and Inspur (China).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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NDT and Inspection Market growth worth $11.7 billion by 2025

 

The report "NDT and Inspection Market with COVID-19 Impact by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Region - Global Forecast to 2025", size is estimated to grow from USD 8.4 billion in 2020 to USD 11.7 billion by 2025, growing at a CAGR of 7.0%. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are among a few major factors driving the NDT and inspection markets growth. The high adoption of IoT devices and rising need to assess aging assets health also propel the development of the NDT and inspection market.

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“The ultrasonic testing (UT) technique to hold the largest share of the NDT and inspection market in 2019”

Ultrasonic testing is expected to account for the largest market share in 2019. It is presently the most popular NDT technique owing to its ability to identify defects and determine their severity accurately. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can also be used for critical applications in the oil & gas and aerospace industries. Ultrasonic testing has evolved considerably over the last few decades and is the most important NDT technique for identifying and quantifying surface and subsurface defects. Ultrasonic NDT inspection can be conducted by using a wide range of methods, a few of which are manual and cost-effective, while others need advanced automated equipment for determining faults in critical applications. This technique can also be deployed to inspect objects that are not easily accessible through direct contact, such as inspecting the piping system buried under the earths surface.

The market for the manufacturing vertical expected to grow at the highest CAGR during the forecast period

The manufacturing sector is expected to be the fastest-growing vertical in the NDT and inspection market from 2020 to 2025. This sector is receiving a boost from emerging markets such as China, India, and South Africa due to their growing manufacturing and industrial base. The NDT and inspection technique is widely used in manufacturing to ensure the integrity of components produced. This technique is primarily employed for preventive maintenance and failure analysis and the post-care of the damages.

North America expected to hold the largest market share during the forecast period

North America is expected to hold the largest share of the overall NDT and inspection market by 2025. The rapid growth of automotive, power generation, oil & gas, and aerospace & defense industries in the region are the major reason for the growing adoption of NDT equipment and rising demand for related services in North America.

General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology Srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmBH (Germany), Acuren (US), and LynX Inspection (Canada) are the key players in the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Artificial Intelligence in Healthcare Market worth $45.2 billion by 2026

 

According to the new market research report on the "Artificial Intelligence in Healthcare Market with Covid-19 Impact Analysis by Offering (Hardware, Software, Services), Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), End-Use Application, End User and Region - Global Forecast to 2026", The global AI in healthcare market is expected to grow from USD 4.9 billion in 2020 and reach USD 45.2 billion by 2026; it is projected to grow at a CAGR of 44.9% during the forecast period. The major factors driving the growth of the market are the increasing volume of healthcare data and growing complexities of datasets, the intensifying need to reduce towering healthcare costs, improving computing power and declining hardware costs, growing number of cross-industry partnerships and collaborations, and rising imbalance between health workforce and patients driving the need for improvised healthcare services. Another major fueling the market growth currently is the adoption of this technology by multiple pharmaceutical and biotechnology companies across the world to expedite vaccine or drug development processes for COVID-19.

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Software segment in AI healthcare market projected to grow at highest CAGR during forecast period.

Many companies are developing software solutions for various healthcare applications; this is the key factor complementing the growth of the software segment. Growing adoption of AI-driven healthcare informatics solutions and healthcare operational support by hospitals and other healthcare service providers is expected to boost the demand for services in the later part of the forecast period.

Machine learning in AI healthcare market projected to grow at highest CAGR during forecast period.

Growing adoption of deep learning in various healthcare applications, especially in the areas of medical imaging, disease diagnostics, and drug discovery, and the use of different sensors and devices to derive a patient’s health status in real time are supplementing the growth of the market.

Medical imaging & diagnostics segment in AI healthcare market projected to grow at highest CAGR during forecast period.

The high growth of the medical imaging and diagnostics segment can be attributed to factors such as the presence of a large volume of imaging data, advantages offered by AI systems to radiologists in diagnosis and treatment management, and the influx of a large number of startups in this segment.

Patients segment in AI healthcare market projected to grow at highest CAGR during forecast period.

Increasing demand for personalized care, the need to reduce hospital readmissions, and the convenience offered by AI products and solutions are the key factors driving the growth of the patients segment in the AI in healthcare market.

AI in healthcare market in APAC projected to grow at highest CAGR during forecast period.

China is the highest healthcare spender among APAC countries and has charted out official plans to digitize medical records. In addition, the Chinese government is undertaking initiatives to encourage the adoption of AI technologies in healthcare. These will drive the market for AI in healthcare in China. Japan is likely to hold the second-largest market share during the forecast period.

Major players in the AI in healthcare market are NVIDIA Corporation (NVIDIA) (US), Intel Corporation (Intel) (US), International Business Machines Corporation (IBM) (US), Google Inc. (Google) (US), Microsoft Corporation (Microsoft) (US), Amazon Web Services (an Amazon.com, Inc. subsidiary) (AWS) (US), General Vision, Inc. (US), General Electric (GE) Healthcare (US), Siemens Healthineers (Germany), Medtronic plc (US), Johnson & Johnson Services, Inc. (Johnson & Johnson) (US), and Koninklijke Philips N.V. (Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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UV Disinfection Equipment Market worth $9.2 billion by 2026

 

The report "UV Disinfection Equipment Market with COVID-19 Impact Analysis by Component (UV Lamps, Reactor Chambers), Power Rating (High, medium, low), Application (Water and Wastewater, Surface), End-user (Municipal, Residential), Geography - Global Forecast to 2026", size is projected to reach USD 9.2 billion by 2026 from an estimated USD 4.8 billion in 2021, at a CAGR of 14.0% from 2021 to 2026. The increasing demand for UV disinfection equipment to combat COVID-19 pandemic is among the factors driving the growth of the UV disinfection equipment market.

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UV lamps segment to projected to register the highest CAGR between 2021 to 2026

The UV lamps segment is expected to register the highest CAGR during the forecast period. UV disinfection equipment can employ single or multiple UV lamps depending on the function of the equipment. The decreased operating cost of UV disinfection equipment due to the adoption of UV LED has fueled the growth of the market.

High-power UV disinfection equipment segment held the largest share of the market in 2020

In 2020, high-power UV disinfection equipment held the largest share of the UV disinfection equipment market. Market growth can be attributed to the huge demand for high-power UV disinfection equipment from municipal corporations. These equipment are suitable for municipal water and wastewater treatment applications as they can be used for disinfecting large amounts of water in less time.

By application, water and wastewater disinfection application is projected to grow at highest CAGR during forecast period

The UV disinfection equipment market for water and wastewater disinfection application is projected to record the highest CAGR during the forecast period. Market growth can be attributed to the rising concern regarding water and wastewater treatment among governments across the world. Also, regulations are imposed on wastewater discharge in the large water bodies by the government of different countries across the world.

By end user, municipal segment is projected to grow at highest CAGR during forecast period

The municipal segment is expected to witness the highest CAGR during the forecast period. The surging demand for water and wastewater disinfection in this sector is primarily responsible for the market growth. The increasing concern toward preserving natural resources by using an environmentally friendly disinfection solution for the treatment of water and wastewater in rivers and natural springs is among the main reasons driving the growth of the UV disinfection equipment market in the municipal segment.

By region, APAC UV disinfection equipment market estimated to grow at highest CAGR throughout the forecast period

The UV disinfection equipment market in APAC is projected to grow at the highest CAGR during the forecast period. Successful projects such as the Clean Ganga project in APAC are contributing to the growth of the market in the region. Moreover, the high adoption rate of UV technology in countries such as China, Japan, South Korea, and India, along with the increasing number of startups dealing in UV technology, drives the growth of the UV disinfection equipment market in APAC.

Xylem Inc. (US), Trojan Technologies (Canada), Halma Group (UK), Kuraray Co., Ltd. (Japan), Atlantic Ultraviolet Corporation (US), Evoqua Water Technologies LLC (US), Advanced UV, Inc. (US), American Ultraviolet (US), Atlantium Technologies Ltd. (Israel), and Hoenle AG (Germany),  are some of the key players in the UV disinfection equipment market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Digital Signage Market expected to reach $27.8 billion by 2026

 

The report "Digital Signage Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Product, Display Size, Installation Location, Application (Retail, Healthcare, Hospitality, BFSI, Education), and Geography - Global Forecast to 2026", will grow to USD 27.8 billion by 2026 (forecast year) from USD 16.3 billion in 2021 (estimated year), at a CAGR of 11.2% between 2021 to 2026. The key drivers fueling the growth of this market include the growing adoption of digital signage in commercial applications, increasing infrastructure developments in emerging countries, surging demand for 4K & 8K resolution displays, and ongoing technological advancements in displays.

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The hardware segment to hold the largest market share in 2026

The hardware segment of the digital signage market, by offering is estimated to hold the largest market share in 2026. The rapid adoption of display technologies such as direct-view LED and OLED offering ultra-high definition (UHD), 4K, and 8K resolutions complemented by the growing adoption of digital signage in commercial industries is expected to drive hardware segment market growth. Additionally, the increasing adoption of large screen digital signage in the retail sector and advertising spaces as a suitable replacement for traditional signboards would boost the growth of the hardware segment in coming years.

The outdoor installation segment to register higher CAGR during the forecast period

The outdoor installation segment of the digital signage market, by installation location, is projected to register the higher CAGR during the forecast period. This growth can be attributed to various technological developments related to digital signage display as a result of which businesses have the option to choose from a wide variety of high brightness, highly attractive displays in different sizes and configurations offering brightness of more than 2000 nits, making them perfectly suitable for outdoor locations. Moreover, with recent advancements in display technology, digital displays have become less prone to harsh outdoor environments and deliver excellent product life.

APAC is projected to hold the largest share of the digital signage market in 2026

APAC is expected to hold the largest share of the digital signage market in 2026. Increasing adoption of the Internet of Things (IoT) and technologies that enable digital transformation across various sectors such as commercial, institutional, infrastructure, and industrial has fueled the demand for digital signage in APAC. In addition, strong economic growth, rise in consumerism, growth in the standards of living, increase in disposable income, high technological advancements, growth of retail space, and changes in lifestyles have accelerated the adoption of strong and reliable advertising media in the countries of the region.

Samsung Electronics (South Korea), LG Electronics (South Korea), Sharp Corporation (Japan), Leyard Optoelectronic (US), Sony Corporation (Japan), Barco (Belgium), Panasonic Corporation (Japan), Shanghai Goodview Electronics (China), AU Optronics (Taiwan), and BrightSign (US) are the key players in the global digital signage market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, contracts, and acquisitions to increase their market share.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Wireless Network Test Equipment Market worth $4.7 billion by 2023

 

According to the new market research report "Wireless Network Test Equipment Market by Equipment Type (Drive Test Equipment, Monitoring Equipment, OSS with Geolocation Equipment, SON Testing Equipment), Network Technology (2G/3G/4G and 5G), End User, and Region - Global Forecast to 2023", the wireless network test equipment market is estimated to be worth USD 3.2 billion in 2018 and is expected to reach USD 4.7 billion by 2023 at a CAGR of 8.0%. The major factors fueling the growth of the wireless network test equipment market include the growing mobile data traffic coupled with increasing adoption of smart devices, rising technological advancement toward networking and communication, and increasing interoperability of network technologies.

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“Drive test equipment to lead wireless network test equipment market by 2023”

Drive test is the process of measuring and assessing the coverage, capacity, and Quality of Service (QoS) of a mobile network. The process requires a laptop, data collecting software, dongle, mobile phone for each network to be tested and a GPS antenna. The testing process includes a vehicle that comprises the aforementioned equipment to check and record different types of physical and virtual parameters of a cellular network in a given geographic area. This testing helps detect and understand what difficulty subscriber face in a given area, and thereby allowing service providers to accordingly make changes in the network for delivering effective coverage and service to the customers. The equipment used in drive test are highly specialized electronic devices that interface with OEM mobile handsets to receive realistic and comparable with actual user experiences.

“2G/3G/4G network technology to be largest market for wireless network test equipment during forecast period”

2G/3G/4G networks are the most widely used network technologies. The market of 4G/LTE would increase until the introduction of 5G with the advancement in LTE into 4.5G Pro and 4.9G (Gigabit LTE). The LTE advanced connectivity technologies would help improve data rates and customer experiences. The increasing importance of mobile data services in a large number of industries across the world demands more capacity of mobile networks, which, in turn, would drive the market for 4G/LTE until the introduction of 5G connectivity technology.

“Enterprises to lead wireless network test equipment market by 2023”

The enterprises holds the maximum share of wireless network test equipment market. Wireless network test equipment help enterprises improve their network performance by examining every aspect of the network process during the entire journey. Wireless network test equipment is widely adopted due to the increased need for maintaining and optimizing the network. The demand for wireless network testing is shifting from subscriber to enterprise and government organizations.

“APAC to be largest market for wireless network test equipment during forecast period”

The wireless network test equipment market in APAC is mainly concentrated in countries such as Germany, the UK, and France. China has a large number of 2G, 3G, and 4G subscribers and is likely to be among the frontrunners to deploy 5G. It is also among the major adopters of IoT in APAC. The country is striving for the development of smart cities. In 2013, 311 cities were selected for the transformation into smart cities; of which, significant progress has been observed in ~80 cities. Many vendors, such as Ericsson (Sweden), Cisco (US), and Huawei (China), provide various solutions for these smart cities and are conducting an extensive study on the infrastructure and new projects capabilities in the Asian countries. Additionally, China is a populated country; thus mobile and data connectivity infrastructures are likely to increase. The dense population of the country could lead to issues regarding the reliability of the connectivity, resulting in call drops and network failures. Therefore, major telecom players in China collaborate with facility owners and use wireless network test equipment to offer enhanced wireless connectivity.

Major players involved in the wireless network test equipment market include Anritsu (Japan), Infovista (Virginia), Keysight Technologies (US), Rohde & Schwarz (Germany), VIAVI (US), Accuver (US), Dingli Corporation (China), Empirix (US), EXFO (US), Spirent Communications (UK), Teoco (US), RADCOM (Israel), Gemalto (Netherlands), NETSCOUT (US), and Bird Technologies (US).

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