What is the Growth Potential of the Global Electronic Test & Measurement Software Sector?
Future growth potential of software testing solutions due to presence of 5G across infrastructure
Research Overview
The global electronic T&M market is estimated to experience an approximate 4.2% compound annual growth rate (CAGR) from 2020 to 2027.
Some of the key market trends prevailing in the electronic T&M market include:
• The communications and defense sectors provide growth opportunities for software test solutions with focus on big data analysis.
• The need for software test solutions is gaining traction in research & development applications for faster verification analysis.
• China has recovered faster than other nations across the globe leading to higher growth in the APAC region.
• The GP test software segment is expected to continue to dominate the market with 88.8% of the total market share in 2020.
• USB-based general purpose instruments are important for verification and quick analysis with plug-and-play option. For example, faster analysis is being offered with the latest USB 3.0 that provides data rates up to 280 megabits per second.
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