The market is segmented on the basis of type, application and end-user. On the basis of type, it is sub-segmented into desktop Wi-Fi test equipment and handheld Wi-Fi test equipment. On the basis of application, it is sub-segmented into household and commercial. Commercial is expected to lead the application sub-segment during the forecast period. The increasing application of the internet services for the commercial application across the globe is anticipated to increase the growth of the Wi-Fi testing equipment. Thus, it is expected to boost the growth of the overall Wi-Fi test equipment market during the forecast period. On the basis o0f end-user, it is sub-segmented into original equipment manufacturers (OEMs), communication service providers, enterprise IT departments and others. The enterprise IT departments is anticipated to lead the end-user segment during the forecast period. The growing technological development coupled with growing adoption in the small and medium sized business is expected to be the major factor driving the growth of the global Wi-Fi test equipment market during the forecast period.
Wi-Fi test equipment market is anticipated to record a CAGR of 8.0% over the forecast period. The Wi-Fi test equipment market is expected to showcase a vibrant growth by the end of the forecast period. It expected to reach the overall market size of USD 1.3 billion by 2027. The growing technological development is expected to be the major reason fostering the market growth of the overall market. Additionally, increasing trend of the multimedia storage which needs large storage capacity is expected to further boost the growth of the overall market during the forecast period.
On the basis of regional analysis, global Wi-Fi test equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to be the leading region and consists of overall market value around 40% of the total market share. The enhanced developed commercial sector in the region coupled with the presence of the key market players in the region is anticipated to be the major reason fostering the growth of the overall market during the forecast period. Asia-Pacific is anticipated to be fastest developing region for the overall market. The increasing demand for the internet based services owing to expansion of the various end-use industries is expected to be the major reason for the expansion of the Wi-Fi test equipment market in the region.
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Increasing penetration of internet across the globe is anticipated to boost the growth of the overall market
The growing penetration of internet across the globe is increasing the demand for the Wi-Fi routers. Additionally the increasing adoption of the smart devices is also major reason for fostering the growth of the overall market. Moreover, the increasing demand from the smartphone user is anticipated to increase the data transfer activities. This involve the application of the Wi-Fi which in turn is anticipated to boost the growth of the overall market during the forecast period. According to International Telecommunication Union it is estimated that 51.23% of the total population is anticipated to have the direct access of the internet by the end of 2018.
The report titled “Wi-Fi Test Equipment Market: Global Demand Analysis & Opportunity Outlook 2027″ delivers the detailed overview of the global Wi-Fi test equipment market in terms of market segmentation by type, by application, by end-user and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global Wi-Fi test equipment market which includes company profiling of key companies such as Teradyne(LitePoint), Anritsu Electric Corporation, ROHDE&SCHWARZ, NETSCOUT, Spirent, TESCOM Co.,LTD., National Instruments, Greenlee, Viavi, Vonaq Ltd, Dycon and Trilithic Inc. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Wi-Fi test equipment market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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