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Dublin, July 20, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/3h593f/global_test_and) has announced the addition of the "Global Test and Measurement (T&M) Equipment Market 2015-2019" report to their offering.
The Global T&M Equipment market to grow at a CAGR of 5.86% over the period 2014-2019.
This report covers the present scenario and the growth prospects of the Global T&M Equipment market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of Ethernet T&M equipment and its services.
The report, the Global T&M Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global T&M Equipment Market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The need for compatibility of test equipment is the main focus of T&M equipment vendors when developing a new product. The continuously evolving technology has shortened the product life cycle of T&M equipment, thereby requiring new T&M equipment to test new technology. This has created a need for T&M vendors to develop new equipment capable of testing new technologies compatible with the old technologies.
According to the report, one of the main drivers in this market is the increase in R&D investment because of new product development and differentiation among vendors. The high growth potential and relatively low manufacturing costs help in bringing more technological innovations through continuous R&D.
Further, the report states that one of the key challenges of this market is the price sensitivity of consumers for buying T&M equipment.
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For more information visit http://www.researchandmarkets.com/research/3h593f/global_test_and
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