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North America Communication Test and Measurement (CT&M) Market Worth $1.9 Billion by 2018 - New Report by MicroMarket Monitor
Date:7/12/2014

(PRWEB) July 12, 2014

The fastest-growing mobile technology is LTE (Long Term Evolution). The demand for test and measurement of LTE networks continues to grow due to the rapid evolution of LTE. The demands for smart devices have increased mobile data traffic, which is a major driver for the Communications Test and Measurement (CT&M) market. Communications Test and Measurement equipment comply with industry standards, and services which meet customer’s requirements.

The Communications Test and Measurement Market is estimated to grown from $3.75 billion in 2013 to $5.51 billion in 2018, at an expected CAGR of 8.01% for the period between 2013 and 2018.

North America is a highly developed region, where many organizations are fully based on technology. There leads to an increase in the mobile network connection speed, which is a driver for the Communications Test and Measurement market. By 2018, it is estimated that the average mobile network connection speed will reach 4500 kbps. This huge increase in the network connection speed creates a potential for the CT&M market. The North American Communications Test and Measurement market is estimated to grow from $1.4 billion in 2013 to $1.9 billion in 2018, at an expected CAGR of 6.0% for the period between 2013 and 2018. The compound annual growth rate indicates that the North American Communications Test and Measurement market is one of the growing markets.

Browse through the market data tables, figures and detailed ToC on the “North America Communication Test and Measurement Market”

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