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5G Testing Equipment Market to Grow by USD 605.76 Million (2024-2028), Driven by Demand for Enhanced Network Capacity, with AI Redefining Market Landscape – Technavio

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NEW YORK, Nov. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global 5G testing equipment market size is estimated to grow by USD 605.76 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.43% during the forecast period. Increasing demand for improved network capacity to access connected services is driving market growth, with a trend towards software-defined testing for 5G equipment. However, high deployment cost of 5g test equipment  poses a challenge.Key market players include Analog Devices Inc., Anritsu Corp., Artiza Networks Inc., Ceragon Networks Ltd., CommScope Holding Co. Inc., EXFO Inc., Fortive Corp., GL Communications Inc., Innowireless Co. Ltd., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Inc., Motorola Solutions Inc., National Instruments Corp., NetScout Systems Inc., PCTEL Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications plc, Teradyne Inc., and Viavi Solutions Inc..

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5G Testing Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.43%

Market growth 2024-2028

USD 605.76 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.19

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key countries

US, Canada, China, South Korea, and Germany

Key companies profiled

Analog Devices Inc., Anritsu Corp., Artiza Networks Inc., Ceragon Networks Ltd., CommScope Holding Co. Inc., EXFO Inc., Fortive Corp., GL Communications Inc., Innowireless Co. Ltd., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Inc., Motorola Solutions Inc., National Instruments Corp., NetScout Systems Inc., PCTEL Inc., Rohde and Schwarz GmbH and Co. KG, Spirent Communications plc, Teradyne Inc., and Viavi Solutions Inc.

Market Driver

The 5G testing equipment market is witnessing significant growth due to the widespread deployment of 5G device infrastructure. Electronic signals and spectrums play a crucial role in 5G, requiring high bandwidth and device efficiency. The network’s high connectivity, low latency, and quick communication are essential for IoT, connected devices, large data centers, automobiles, entertainment, healthcare, security, and more. 5G challenges include prototyping, Massive MIMO, mmWave, and Channel Sounding. Testing is essential to ensure user-oriented performance, optimizing network efficiency, and addressing challenges. Software-defined testing and test programs are popular approaches. IDMs and ODMs, network operators, and service providers invest in specialized testing equipment like oscilloscopes, signal generators, and network analyzers. 5G’s digitalization of mobile communications requires secure wireless connections, handling data traffic, and addressing performance issues. Advanced multimedia applications, 5G traffic, and device capabilities necessitate testing for data transfer, mobile phones, wearables, connected cars, and consumer electronic devices. Infrastructure, base stations, antennas, network equipment, and spectrum analyzers are vital for 5G testing. Testing costs are a concern, but optimization, multimode integration, beamforming, and network slicing help minimize expenses. Signal propagation, interference, and antenna design are critical factors in 5G testing. 

The test and measurement industry is shifting towards a software-defined approach for creating flexible and efficient test sets for 5G equipment. Traditional benchtop instruments, which were hardware-centric, are being replaced with software modules. These modules enable engineers to develop test programs for various 5G technologies and standards swiftly. The ability to quickly adopt new 5G specifications through software also accelerates 5G prototyping and deployment. A software-defined approach future-proofs test programs against the demands of tomorrow’s 5G challenges. For instance, 5G new radio (NR) prototyping is carried out using reprogrammable instrumentation tools for massive MIMO, mmWave, channel sounding, and waveform development. 

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 Market Challenges

The 5G testing equipment market is growing rapidly as the deployment of 5G device infrastructure continues. Electronic signals and spectrums are crucial for 5G’s high connectivity, low latency, and quick communication. However, testing 5G’s device efficiency, network performance, and compatibility with IoT, connected devices, and large data centers presents challenges. 5G’s millimeter wave usage, Massive MIMO, mmWave, and Channel Sounding require specialized testing equipment like oscilloscopes, signal generators, and spectrum analyzers. The software-defined approach to testing, including software-defined testing and test programs, is essential for addressing 5G challenges. Customer spending on digitalization and mobile communications is driving the demand for advanced multimedia applications, leading to increased 5G traffic and device capabilities. Network operators and service providers must optimize their networks to meet these demands, investing in base stations, antennas, network equipment, and performance issues. The widespread deployment of 5G for smart city purposes, autonomous vehicles, connected car applications, public safety applications, energy management, and intelligent transportation systems necessitates the use of reprogrammable instrument tools and IDMs and ODMs. The digital divide and facilities and services require optimization and testing costs to be kept low. Performance issues, optimization, and security are key concerns for 5G networks. The testing process must address multimode integration, beamforming, testing costs, and interference. The testing equipment market is expected to grow as the 5G network becomes more prevalent, with network slicing, signal propagation, and heterogeneous architecture requiring ongoing testing.ai_dominating_segment_factor

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Segment Overview 

This 5g testing equipment market report extensively covers market segmentation by  

Application 1.1 Oscilloscopes1.2 Signal analyzers1.3 Signal generators1.4 Network analyzers1.5 OthersEnd-user 2.1 Telecom equipment manufacturers2.2 Original device manufacturers2.3 Telecom service providersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Oscilloscopes-  The oscilloscopes segment holds the largest market share in the global 5G testing equipment market in 2023, accounting for over 40% of the total revenue. Oscilloscopes are essential tools for displaying and analyzing electronic signals’ waveforms. These devices measure and graph the instantaneous signal voltage against time, enabling the analysis of properties like amplitude, rise time, frequency, time interval, and distortion. Digital oscilloscopes, which dominate the segment, employ an analog-to-digital converter (ADC) for measuring 5G signals. An attenuator is used first to scale the waveform, followed by a vertical amplifier for additional scaling. Digital oscilloscopes’ automated incident capturing and storing capabilities offer valuable insights into faulty components and signals. With the anticipated in 5G traffic, the demand for oscilloscopes supporting high-bandwidth applications will escalate among electronics manufacturers. Market players, including Anritsu Corp. And Tektronix Inc., are responding to this trend by introducing advanced oscilloscopes. For instance, Anritsu’s BERTWave MP2110A supports NRZ to 53-Gbaud pulse amplitude modulation (PAM) signals for 5G network testing. Tektronix’s new 2 Series MSO, launched in June 2022, is a portable, lightweight oscilloscope designed for both laboratory and field use. The launch of such innovative oscilloscopes will fuel the growth of the oscilloscopes segment in the global 5G testing equipment market. Additionally, the expanding demand for efficient and advanced oscilloscopes from industries like communication, electronics, semiconductors, and others will further propel the segment’s growth during the forecast period.

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Research Analysis

The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G technology and the increasing demand for high-speed, low-latency connectivity. 5G testing equipment is essential for ensuring the efficient and effective operation of 5G device infrastructure, including electric signals, spectrums, and bandwidth. With the increasing number of connected devices, from IoT sensors to large data centers, automobiles, and various industries such as entertainment, healthcare, and security, the need for reliable and user-oriented 5G networks is paramount. 5G testing equipment plays a crucial role in optimizing network performance by identifying and addressing potential issues related to base stations, antennas, network equipment, and specialized testing equipment like spectrum analyzers, signal generators, and channel emulators. The market for 5G testing equipment is expected to continue growing as 5G networks become more prevalent, with a focus on ensuring quick communication, high connectivity, and low latency for various applications, including emergencies and real-time data transfer.

Market Research Overview

The 5G testing equipment market is witnessing significant growth due to the widespread deployment of 5G device infrastructure and the increasing demand for high connectivity, low latency, and quick communication. Electric signals and spectrums are crucial components of 5G networks, requiring advanced testing equipment for device efficiency and network optimization. The market caters to various industries, including IoT, large data centers, automobiles, entertainment, healthcare, security, and more, where user-oriented services and advanced multimedia applications demand high data transfer capabilities. 5G testing equipment includes specialized tools like oscilloscopes, signal generators, and spectrum analyzers, as well as network analyzers, IDMs and ODMs, and network operators and service providers. Challenges in 5G testing include performance issues, optimization, base stations, antennas, network equipment, and spectrum management. Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools are essential for addressing these challenges. The market is driven by customer spending on digitalization, mobile communications, and wireless connections, with data traffic from enterprises and consumer electronic devices fueling the demand for 5G network capabilities. The market also includes software-defined testing and test programs for 5G challenges, such as prototyping, millimeter wave usage, multimode integration, beamforming, testing costs, and signal propagation. Additionally, the market caters to emerging applications like autonomous vehicles, connected car applications, smart cities, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture with multiple frequency bands and small cells. However, the digital divide and facilities and services availability remain significant challenges for the 5G testing equipment market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationOscilloscopesSignal AnalyzersSignal GeneratorsNetwork AnalyzersOthersEnd-userTelecom Equipment ManufacturersOriginal Device ManufacturersTelecom Service ProvidersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Travel loyalty programs to focus on offering personalized and flexible customer experiences in 2025

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New report from Rocket Travel by Agoda outlines how travel drives high levels of loyalty in commoditized marketplaces

SINGAPORE, Nov. 19, 2024 /PRNewswire/ — Travel-based loyalty programs continue to climb in popularity thanks to the sector’s ability to build loyalty through highly personalized customer experiences, according to a new report from Rocket Travel by Agoda.

Rocket Travel by Agoda’s 2025 Trend Report reveals that the top five airline loyalty programs alone saw a 7.75% average growth in valuation from 2020 to 2023 while some travel loyalty programs in the financial services sector have tripled in value since 2019.

“Unlike other industries, travel is something that people are emotionally invested in,” said Damien Pfirsch, Head of Rocket Travel by Agoda, the strategic partnerships arm of Agoda. “By offering real-world experiences that customers really care about, it’s easier for brands to turn transactional relationships into long-term partnerships with their customers.”

While the report noted a dip in levels of customer satisfaction for many customer loyalty programs post-Covid because of reductions in benefits, there was now an opportunity to re-ignite customer enthusiasm through more engaging online experiences.  For brands using Rocket Travel by Agoda solutions, some partners have seen 40% of loyalty users book more than once.

“Digital travel platforms are uniquely engineered to let customers design their own, highly personalized experience thanks to great search capabilities and a wide selection of destinations and accommodations – all at value-driven prices,” said Damien. “The technology is also highly customizable, so brands are able to offer their loyalty customers an enjoyable experience with all the look and feel of their main site.”

Other benefits include the ability to search based on distance to key points of interest, find refundable or flexible travel options, filters based on pricing data and localized languages. Meanwhile interactive tools proactively recommend options to the customer based on their preferences – like deep discounts for price-sensitive travel planners or options with high earning potential for points-hungry members – drive increased repeat rate and added long-term value from each customer.

“And these personalization capabilities are only going to get stronger as the industry embraces AI,” said Damien.

The report noted that travel-based loyalty programs tend to appeal to higher spending customers, presenting businesses with the opportunity to not only boost levels of customer engagement but also benefit from higher customer lifetime values.

“One of our partners has seen their most engaged loyalty program members typically spend 18% more on their travel loyalty platform, underscoring the power of well-utilized loyalty programs,” added Damien.

Elsewhere the report explores how travel-based loyalty programs offer partners the opportunity to tap into ancillary revenue streams.

“Travel loyalty programs also offer businesses the flexibility to drive ancillary revenue through expansion into adjacent verticals such as hotels, car hire and ground transportation,” said Damien. “For example, we worked closely with one of our partners to estimate that if they looked to offer trip insurance as an add on, they could boost incremental revenue by around $1.2 million and the early results are indeed looking promising.”

Rocket Travel by Agoda leverages its extensive industry expertise to guide partners in crafting loyalty programs that resonate with their audiences, build loyalty and support sustainable growth. With a clear focus on personalized and flexible offerings, brands can build lasting customer relationships and elevate their market presence in 2025 and beyond.

 

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SOURCE Agoda

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Panduit Corp. Expands Electrical Connectivity and Grounding Capabilities with New Manufacturing Facility in Monterrey, Mexico

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TINLEY PARK, Ill., Nov. 19, 2024 /PRNewswire/ — Panduit Corp., a global leader in electrical and network infrastructure solutions, announces the strategic investment of a dedicated state-of-the-art manufacturing facility for its electrical connectivity and grounding capabilities in Monterrey, Mexico. The new 90,000 square-foot facility will further enhance the ability to deliver tailored electrical connectivity and grounding solutions to meet the growing demands of customers worldwide.

The new facility will focus on manufacturing a wide range of electrical connectivity products including wire termination-power connectors, terminals, and the advanced ReelSmart™ solution, as well as various grounding and bonding products. Additionally, Panduit will invest in new manufacturing equipment to expand capacity ̶ providing greater flexibility, quicker fulfillment, and streamlined processes. This strategic expansion aims to accelerate production and delivery timelines and provide customized solutions to address unique operational challenges.

“The strategic investment of a dedicated manufacturing facility will help us improve our lead times and availability for power and grounding products as well as give us the ability to more rapidly expand the portfolio offering for our customers,” said John Buck, Panduit Vice President, Industrial Electrical Infrastructure.

The Monterrey facility will play a key role in the mission to provide customers with exceptional electrical connectivity and grounding solutions that drive operational efficiency. Through its strategic location and advanced capabilities, Panduit aims to strengthen its global supply chain and better serve customers in various industries, from industrial manufacturing and renewable energy, to data centers and beyond.

About Panduit:

Since 1955, the Panduit culture of curiosity and passion for problem-solving have enabled more meaningful connections between companies’ business goals and their marketplace success. Panduit creates innovative electrical and network infrastructure solutions for enterprise-wide environments, from the data center to the telecom room, from the desktop to the plant floor. Headquartered in Tinley Park, IL, USA and operating in 112 global locations, Panduit has a proven reputation for quality and technology leadership, coupled with a robust partner ecosystem, to help support, sustain, and empower business growth in a connected world. For more information, visit www.panduit.com.

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SOURCE Panduit Corp.

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Built In Launches Sites Across India to Address Critical Gap in US Companies’ Global Recruiting Strategies

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As U.S. Firms Struggle to Recruit Top Tech Talent Internationally, Built In CEO Presents New Offering at The Economic Times World Leaders Forum

CHICAGO, Nov. 19, 2024 /PRNewswire/ — Built In, the leading recruiting platform for hard-to-hire tech roles, has expanded its platform to help US companies attract top-tier technology professionals from India as part of its broader global expansion. This initiative aligns with insights shared by CEO Maria Christopoulos Katris during her recent participation in The Economic Times World Leaders Forum in New Delhi.

“We recognized early on that to meet the escalating demand for tech talent over the next decade, a global approach is essential,” said Katris. “India’s rapid growth as a hub for technological innovation presents a significant opportunity for US companies seeking highly skilled tech talent.”

The expansion is further supported by the company’s 2024 State of the Talent Industry report*, which revealed that while 62.8% of tech companies are hiring internationally, US employers struggle to attract quality candidates abroad. The report identified “online tech-specific platforms” and “employer branding” as the most successful recruiting strategies, underscoring the need for US companies to be able to deploy these strategies globally to accomplish their hiring objectives. 

Built In now offers dedicated sites in seven key Indian tech hubs, so U.S. employers can showcase their brands and job opportunities directly in these regions, with content designed to position themselves as tech employers of choice. The new Built In sites serve:

Built In Bengaluru, serving Bengaluru, IndiaBuilt In Chennai, serving Chennai, IndiaBuilt In Delhi, serving Delhi, IndiaBuilt In Hyderabad, serving Hyderabad, IndiaBuilt In Kolkata, serving Kolkata, IndiaBuilt In Mumbai, serving Mumbai, IndiaBuilt In Pune, serving Pune, India

“Unless you’re a major global brand, hiring outside the U.S. is tough. Candidates don’t know who you are and what makes you a desirable tech employer,” said Katris. “Research shows that referrals and sourcing are less effective than ever, and even more so on the global market. Built In is the only tech recruiting platform that offers employer branding with job postings globally.”

International visitors to Built In have jumped 40 percent in the last year, which inspired the company to deliver this global rollout. Since launching the new features, postings for international hires surged to 25 percent of the total job inventory on Built In.

To learn more about Built In’s global offerings for recruiting, visit https://employers.builtin.com

*The survey, conducted in January 2024 in partnership with Brandata, involved 1,089 leaders in the talent industry across the U.S. Respondents predominantly represented middle and senior management in large and mid-sized businesses, but span the entire spectrum of company sizes. Those who participated in the survey were not affiliated with Built In.

About Built In:
Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies cost-effectively hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach technical and expert talent. https://builtin.com

Contact
Haley Russo
haley.russo@builtin.com

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