Nowadays, the use of devices connected to the Internet is simply a necessity. Whether we’re talking about phones, watches, appliances or even smart cars, they’ve all changed the rules of the game when it comes to what we call “routine”. This technological evolution has effects not only on personal life, but also on some markets and business segments.
For example, the network analyzers market size is estimated to grow to USD 672.30 million by 2028. It means growing at a CAGR of 4.50% during the forecast period (2023-2028). But how does the situation foreshadow Europe? What will be the general market trends?
Increasing demand for 4G and 5G in Europe
The 4G technology provides connectivity to most electronic devices in the world. But 5G technology, implemented since 2019, has also gained popularity. According to Ericsson, the number of 5G mobile subscriptions in Western Europe and Central & Eastern Europe is forecast to exceed 289 million and 155 million, respectively, by 2025.
But what are the reasons for this increase?
First of all, it is the amazing speed offered by 5G. Its architecture allows a large number of devices (even billions). The outcome? The well-known Internet of Things (IoT). More than that, it also reduces the lag – the extended time of data transmission from one user to another. So, it is not surprising that growing demand for sophisticated technological enhancements significantly influences the network analyzer market across Europe.
IoT smart buildings, 30 times more by 2025
Remote control and monitoring of buildings is another current trend. But this is not surprising, especially if we take into account the fact that it supports the reduction of expenses, while providing increased efficiency and productivity. Heating sensors, voice-activated systems or equipment that can be controlled via online applications are just some of the opportunities of the moment.
And according to the European Telecommunications Network Operators (ENTO), the number of IoT smart buildings’ active connections in the European Union (EU) was 5.08 million connections in 2016, and it is expected to reach 154.06 million contacts by 2025.
Why trained and skilled manpower is essential
A study published in 2023 by Coherent Market Insights pointed out that the lack of trained and skilled workforce is expected to obstruct the growth of the global network analyzer market during the forecast period. Therefore, the role of companies specialized in offering software testing services, but also in outsourcing, acquires increased importance in this niche.
VON Tech is a +20 years experienced company. It delivers hardware design and verification, as well as embedded software development services, application implementation and testing in telecommunications. Understanding and experience in both digital and analog circuit design and signal conditioning are the elements that confer a unique expertise, and which also guarantee the desired results. VON Tech clients are mainly active in networking and semiconductors industries and all are top tier in their fields.
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