According to Meticulous Research®’s new report, “Global 5G Testing Market by Offering (Equipment, Outsourced Services), Application (5G Fixed Wireless Access Deployment Testing, Converged 5G xhaul Transport, 5G Small Cell Testing, Dark Fiber Testing), End User, and Geography—Global Forecast to 2030,” the 5G testing market is projected to reach $1.41 billion by 2030, growing at a CAGR of 12.4% from 2023 to 2030.
The growth of this market is attributed to the expansion of 5G technology, the need for 5G device vulnerability assessments, and favorable policies for 5G testing. Innovations in 5G standards and test and measurement technologies are also expected to drive market opportunities. However, a lack of skilled labor for 5G testing presents a challenge.
The report segments the market into offerings, applications, end users, and geographic regions. Major players in the market include ANRITSU CORPORATION, Artiza Networks, EXFO Inc., PCTEL, Intertek Group, Keysight Technologies, MACOM Technologies, Rohde & Schwarz, Teradyne Inc., VIAVI Solutions, Ericsson, Trex Enterprises, Siklu Communications, GL Communications, and Innowireless.
