LAN/WAN Test Equipment Market Analysis- Size, Share, Growth, Trends and Forecasts, 2015 To 2022: Grand View Research

The global LAN/WAN test equipment market is projected to witness considerable growth over the forecast period owing to rapid improvements in network technologies. Rising demand for test equipment used in network installation, maintenance, manufacturing, and research & development is the prime growth propeller for this market. Growing urbanization with the expansion of private enterprises is expected to generate huge revenue prospects over the next six years. Vendors concentrate on quality of service, price, portability, accessibility, and performance of network test equipment on account of high competition prevailing in the LAN/WAN test equipment market.

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Surging demand for video-conferencing, high bandwidth, multimedia, and faster connectivity for e-commerce are anticipated to drive the LAN/WAN test equipment market. The improvement of enterprise networks may lift the demand for test equipment. In order to improve sales, test equipment vendors should reduce product development time, track evolving standards, and incorporate them into test equipment designs. Performance analysis of networks and large-scale enterprises utilizing LAN/WAN test equipment is also assessed to boost the market growth.

The LAN/WAN test equipment market has scope in various sectors such as telecom, fiber optics, and wireless communication. Communication technologies such as virtual private network, ten gigabit Ethernet, passive optical network, and Voice over Internet Protocol (VoIP) are expected to majorly influence the LAN/WAN test equipment market. Development of augmenting bandwidth is forecasted to enhance the scope of network test equipment market over the next six years.

On the basis of type of services, the LAN/WAN test equipment market can be segmented into managed network design service, implementation services, monitoring services, and maintenance services. The LAN/WAN test equipment market is expected to be positively influenced by managed network implementation service over the forecast period.

The LAN/WAN test equipment market is categorized on the basis of equipment type into performance analyzers, protocol analyzers, stress testers, interoperability test systems, and conformance analyzers. Performance analyzers as well as stress testers are projected to dominate the market over the next six years. The LAN/WAN test equipment market can be be further grouped into medium, small, and large enterprises. Large business enterprises are likely to surpass medium business enterprises.

The Asia Pacific market is projected to observe a substantial growth over the forecast period owing to growing deployment of wireless networks. North America is expected to witness high growth potential in the LAN/WAN test equipment market. Emerging Asia Pacific market is also foreseen to witness growth owing to expanding infrastructure facilities and marketing efforts. Key vendors in the market include AOIP SAS, Digital Light wave Inc., Anritsu Corporation, Finisar Corporation, Fluke Networks, Agilent Technologies, Ixia, EXFO Electro-Optical Engineering Inc., and Harris Corporation.

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