5G Testing Sector Poised for Expansion, Targeting $1.41 Billion by 2030

Meticulous Research®, a prominent global market research firm, has released a detailed 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 expected to reach $1.41 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.4% from 2023 to 2030. This growth is fueled by the rapid expansion of the 5G market, the increasing need for vulnerability assessments of 5G devices, and supportive initiatives for 5G testing services. The standardization of 5G, particularly in enhanced mobile broadband (eMBB), along with technological advancements in testing solutions, presents substantial opportunities. However, the shortage of skilled labor resources poses a challenge to market growth.