According to the report titled ‘Global Wireless Network Test Equipment Market Size, by Network Technology (2G/3G/4G and 5G), by Equipment Type (Drive Test Equipment, Crowdsourcing Equipment, Monitoring Equipment, OSS with Geolocation Equipment, Son Testing Equipment and Site Testing Equipment), by End-user (Telecommunications Service Providers and Enterprises) and Regional Forecasts 2020-2027’, available with Market Study Report, global wireless network test equipment market was valued at USD 3.5 billion in 2019 and is expected to grow with a CAGR of 8% during 2020-2027.
 

Increasing adoption of smartphones across the globe, alongside surging mobile data usage leading to demand for maintained & optimized performance of network is primarily driving the growth of global wireless network test equipment market. As per Statista, global mobile data traffic in 2017 was 11.51 exabytes per month, which is projected to rise to 56.8 exabytes per month by 2021.
 

Notably, a wireless network test equipment is used by the manufacturers of communication network equipment and operators. It helps to improve the network efficiency of organizations by inspecting each aspect of the network operation.
 

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Growing demand for maintenance and optimization of network further fuels global wireless network test equipment industry expansion. The device allows network operators to use new services to minimize operational costs and improve the efficiency & productivity of the network as whole.
 

However, lack of skilled workforce to deduce insights from gathered data is likely to hinder the industry landscape over the study period.
 

Based on network technology, the market is divided into 5G and 2G/3G/4G. Speaking of end-user scope, worldwide wireless network test equipment market is split into enterprises, and telecommunications service providers. Elaborating on equipment type, the industry is bifurcated into site testing equipment, son testing equipment, OSS with geolocation equipment, monitoring equipment, crowdsourcing equipment, and drive test equipment.
 

Citing the geographical terrain, worldwide wireless network test equipment market sphere is segmented into North America, Asia Pacific, Latin America, Europe, and Rest of the World. The report claims that North America currently accounts for a considerable industry share and is anticipated to grow further over the analysis period, owing to rising disposable income and growing population. Meanwhile, Asia Pacific industry size is slated to grow substantially through 2027, on account of increasing penetration of smartphones.
 

Major contenders influencing global wireless network test equipment market dynamics are TEOCO, Spirent Communications plc, Empirix Inc., Dingli Corporation, Accuver Co. Ltd., Viavi Solutions, Rohde & Schwarz GmbH & Co KG, Keysight Technologies, Infovista, and Anritsu Corporation.