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Global Test and Measurement Market 2017-2021: Analysis By Product & End User - Research and Markets

[October 31, 2017]

Global Test and Measurement Market 2017-2021: Analysis By Product & End User - Research and Markets

The "Global Test and Measurement Market 2017-2021" report has been added to Research and Markets' offering.

The global test and measurement market is forecast to grow at a CAGR of 3.71% during the period 2017-2021.

The report, Global Test and Measurement Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increasing need for interoperability. The global test and measurement market is a constantly evolving market, and the equipment is designed to work with other products. This interoperability feature can be applied to all heterogenous products like video monitors, smoke alarms, home networking or automated products, and home gateways. It can be also applied to some homogenous products like switches and routers.

According to the report, one drive in the market is growth in telecommunication sector. There has been a huge increase in demand for test and measurement equipment in the telecommunication industry during the past few years all across the world. This is due to various developments in mobile networks, networks, and cloud systems. The telecommunication sector is expected to drive the market for test and measurement during the forecast period. In addition, there has been a significant increase in the IP traffic over a period of time. This is expected to increase further by three times by 2021 than what it was in 2015. To utilize the market, companies are investing huge amounts in developing networks across the world.

Key vendors