The market for gigabit ethernet test equipment further projected to grow significantly as the advancement in communication technologies such as 5G and 6G technologies. The introduction of 5G technology has marked a new development in the connection of devices, which is projected to positively impact the communication sector. It is regarded as the cellular communication technology of the next generation that is expected to bring revolutionary and evolutionary services to the telecommunication sector. 5G technology has the ability to unleash advanced economic opportunities and several benefits to society, providing it to be as a potential element in transforming the telecommunication industry. 5G will totally redefine the gigabit ethernet test equipment that interacts with the network and the modem.
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In December 2016, the Government of UK announced a $961 million challenge fund to make the investment in the deployment of local full-fiber networks, which in turn, will support the development of 5G technology. The fund collected is now being distributed among local authorities through a competitive process across UK. China has inaugurated its five-year economic investment plan that involves an investment project of $400 billion in 5G technology. Beijing is considering 5G technology a crucial element for transforming the communication sector of China. The country has spent $24 billion more than the US on the development of 5G technology. Huawei Technologies Co. Ltd., a telecommunication equipment provider, is conducting research into 5G technology and developing networks in a number of countries, which includes Japan, France, South Korea, Canada, and Italy. These investments in 5G technology further encourage the demand for advanced communication devices that require electrical isolation transformers.
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The increasing Integration IoT connected devices further propels the gigabit ethernet test equipment market growth
The Integration of IoT devices in various industries such telecom, automotive, and others further contribute to the growth of the market during the forecast period. IoT connects an array of interconnected computing devices, digital and mechanical machines or any physical object that collects and shares electronic data. The devices are inherited with identifiers and other isolation devices that enable data transfer over a network without any need of human-to-computer interaction and any electrical fault. The service providers and enterprises have been developing IoT to drive digital transformation and to solve the effective proficiencies. The number of internet-connected systems and devices is further anticipated to increase at a fast pace in the near future. Therefore the growing integration of IoT further encourages the demand of connected devices that requires the high speed connection through ethernet connections. Thus growing ethernet connected network propels the demand of gigabit ethernet testing equipment and contribute in the growth of tghe market.
Global gigabit ethernet test equipment Market Segmentation
By Type
- 1 GBE
- 10 GBE
- 40 GBE and above
By Industry
- Automotive
- Manufacturing
- Transportation and Logistics
- Telecom
- Others (Energy, Chemical)
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