Market Research Report
Gigabit Ethernet Test Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
|Published by||Mordor Intelligence Pvt Ltd||Product code||866627|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Gigabit Ethernet Test Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)|
|Published: January 1, 2021||Content info: 120 Pages||
The gigabit ethernet test equipment market is expected to register a CAGR of 6.45% during the forecast period (2021 - 2026). The need for extra bandwidth has driven, both, network service providers (NSPs) and network equipment manufacturers (NEMs) to embrace the ethernet technology, instead of the traditional synchronous technology.
Telecommunication Segment is Expected to Hold a Significant Market Share
The demand for data centers is drastically increasing, owing to the rising internet and smartphone penetration. For instance, in July 2017, Bridge Data Centres, a Singapore-based data center outsourcing company, announced to invest USD 500 million in data centers in the country, over the next two years, in order to cater to the rising demand. As a result, it may ascend the need for test equipment in GigE, thereby, boosting the market growth.
In addition, in September 2018, Facebook announced to invest USD 1 billion in data centers in Singapore, which in turn, is expected to open new avenues for the players in the market.
The upgrades in the mobile backhaul for the imminent launch of 5G technology drive the need for robust GigE test equipment. Hence, rapid investments in the 5G technology are expected to boost the market growth over the projected period. A few top communication and electronic companies have commenced their investments in 5G technology.
Asia-Pacific is Expected to Witness the Highest Growth Rate
Asia-Pacific is expected to witness a significant growth rate over the forecast period, due to the increasing deployments of wireless networks. Additionally, the increasing population, rising number of smart phone users, mounting adoption of cloud services, and emergence of Big Data are expected to fuel the market expansion in the region.
The need for speed, driven by the customers' rising demand for bandwidth, has forced many service providers and network equipment manufacturers to stretch beyond the confines of 10G and 100G.
The gigabit ethernet test equipment market is moderately competitive and consists of several major players. The market has gained a competitive edge over the past decade. However, with advancements in ethernet test equipment, many companies are increasing their market presence, by securing new contracts, thereby, tapping into the new markets.