5G Testing Industry to Expand, Reaching $1.41 Billion by 2030

Meticulous Research®, a leading global market research company, has published a comprehensive report titled, "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."
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According to the report, the global 5G testing market is projected to reach $1.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. This significant growth is driven by the rapid expansion of the 5G market, increasing needs for vulnerability assessments of 5G devices, and supportive initiatives for 5G testing services. The standardization of 5G and its applications, particularly in enhanced mobile broadband (eMBB), along with technological innovations in testing solutions, are expected to present substantial opportunities. However, the shortage of skilled labor resources poses a challenge to market growth.
Market Segmentation and Insights: The global 5G testing market is segmented by offering, application, end-user, and geography. The report provides a detailed evaluation of industry competitors and analyzes the market at both regional and country levels.