Communications T&M (CT&M) market worth $5.51 billion by 2018

DALLAS, USA: The report "Communications Test and Measurement Market - Global Advancements, Worldwide Forecasts & Analysis (2013-2018)", defines and segments the CT&M market into various sub-segments with an in-depth analysis and forecasting of revenues.

The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.

The major driving factors for CT&M Market are rapidly evolving communications standards; LTE network rollouts; demand for software defined modular instrumentation approach and increased bandwidth demand. Service providers are facing challenges due to interoperability and interference and will require adequate test support tools, as 3G, wireless-integrated multiple accesses (WiMax) and other wireless technologies need to be supported in the same device. Today's communication test and measurement solutions address these challenges thereby deriving significant profits for the service providers.

MarketsandMarkets forecasts the Communications Test and Measurement Market to grow from $3.75 billion in 2013 to $5.51 billion in 2018. In terms of geographies, North America and APAC is expected to be the biggest market in terms of revenue contribution, while Europe and Latin America is expected to experience increased market traction, during the forecast period.