According to the new market research report, "Wireless Network Test Equipment Marketby Equipment Type (Drive Test Equipment, Monitoring Equipment, OSS with Geolocation Equipment, SON Testing Equipment), Network Technology (2G/3G/4G and 5G), End User, and Region - Global to 2023", published by MarketsandMarkets™, the Wireless Network Test Equipment Market is estimated to be worth USD 3.2 billion in 2018 and is expected to reach USD 4.7 billion by 2023 at a CAGR of 8.0%.

The major factors fueling the growth of the wireless network test equipment market include the growing mobile data traffic coupled with increasing adoption of smart devices, rising technological advancement toward networking and communication, and increasing interoperability of network technologies.