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5G Testing Equipment Market to Grow by USD 605.76 Million (2024-2028), Rising Demand for Better Network Capacity Boosts Growth, with AI Redefining Market Landscape – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global 5g testing equipment market size is estimated to grow by USD 605.76 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.43%  during the forecast period. Increasing demand for improved network capacity to access connected services is driving market growth, with a trend towards software-defined testing for 5g equipment. However, high deployment cost of 5g test equipment  poses a challenge.Key market players include Accedian; Accuver; Anokiwave, Inc.; Anritsu; Aritza Networks, Inc.; Cohu, Inc.; Consultix Wireless; Emite; Exfo, Inc.; Gao Tek & GAO Group, Inc; GI Communications, Inc.; Innowireless Co Ltd.; Keysight Technologies; Macom; Marvin Test Solutions, Inc.; National Instruments Corp.; Pctel, Inc.; Rohde & Schwarz; Simnovus; Spirent Communications

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5G Testing Equipment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.43%

Market growth 2024-2028

USD 605.76 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.19

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key countries

China, South Korea, Germany, US, and Canada

Key companies profiled

Accedian; Accuver; Anokiwave, Inc.; Anritsu; Aritza Networks, Inc.; Cohu, Inc.; Consultix Wireless; Emite; Exfo, Inc.; Gao Tek & GAO Group, Inc; GI Communications, Inc.; Innowireless Co Ltd.; Keysight Technologies; Macom; Marvin Test Solutions, Inc.; National Instruments Corp.; Pctel, Inc.; Rohde & Schwarz; Simnovus; Spirent Communications

Market Driver

The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G device infrastructure. Electric signals and spectrums are crucial for 5G’s high connectivity, low latency, and quick communication. IoT, connected devices, large data centers, automobiles, entertainment, healthcare, and security all benefit from 5G’s user-oriented features. However, challenges such as performance issues, optimization, and 5G traffic require specialized testing equipment. IDMs and ODMs, network operators, and service providers invest in 5G testing tools like oscilloscopes, signal generators, and spectrum analyzers. Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools are essential for 5G testing. Prototyping and testing costs are key considerations for enterprises during digitalization and mobile communications. 5G challenges include millimeter wave usage, multimode integration, beamforming, testing process, and testing costs. Base stations, antennas, network equipment, and spectrum analyzers are vital for optimizing network performance. Software-defined testing and test programs help address 5G’s complexities. 5G’s impact extends to autonomous vehicles, connected car applications, smart cities, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture. The digital divide and facilities and services require ongoing testing to ensure secure wireless connections and data transfer for mobile phones, wearables, connected cars, and consumer electronic devices. 

The test and measurement industry is shifting towards software-defined solutions for 5G equipment testing. Traditional benchtop instruments have been replaced with flexible and efficient software modules. Engineers can now develop test programs for various 5G technologies and standards swiftly using these software modules. Adaptable test sets that incorporate new 5G specifications through software accelerate 5G prototyping and deployment. A software-defined approach future-proofs test programs against future 5G challenges. For instance, 5G new radio (NR) prototyping is executed via reprogrammable instrumentation tools for massive MIMO, mmWave, channel sounding, and waveform development. 

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 Market Challenges

The 5G testing equipment market is witnessing significant growth due to the widespread deployment of 5G device infrastructure. With the increasing use of electric signals across various industries such as IoT, connected devices, large data centers, automobiles, entertainment, healthcare, and security, the need for high connectivity, low latency, and quick communication is crucial. However, 5G testing poses challenges due to the complexities of 5G networks, including the use of multiple frequency bands, millimeter wave usage, and multimode integration. Manufacturers of 5G testing equipment are focusing on software-defined testing approaches to address these challenges. Test programs for 5G devices include prototyping, Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools. The cost of testing is a concern for enterprises, network operators, and service providers, as customer spending on digitalization and mobile communications continues to grow. 5G testing equipment includes oscilloscopes, signal generators, and spectrum analyzers. Specialized testing equipment such as network analyzers, IDMs and ODMs, and base station testers are also essential. Performance issues, optimization, and interference are key areas of focus for testing, along with antenna design and signal propagation. The challenges of 5G testing extend to connected car applications, smart cities, and public safety applications. The digital divide and the need for facilities and services in underserved areas also present testing challenges. Network slicing, small cells, and network equipment are critical components of 5G networks, and testing their capabilities is essential for ensuring high-quality user experiences. In conclusion, the 5G testing equipment market is a dynamic and evolving space, with a focus on addressing the unique challenges of 5G networks and devices. Manufacturers must continue to innovate and adapt to meet the demands of enterprises, network operators, and service providers for reliable and efficient testing solutions.The global 5G test equipment market faces several challenges due to the high acquisition and installation costs associated with 5G technology. Small cell networks require significant investment, and the security of remotely placed outdoor power systems is a concern. Regulations set by telecommunication standard organizations must be adhered to, adding to the expenses. Competitive pricing pressure from customers has impacted profit margins, with data tariffs similar to 3G and LTE. The release of new frequency spectrum also comes with a high cost. These factors may hinder the market’s growth.

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Segment Overview 

This 5g testing equipment market report extensively covers market segmentation by  

Application 1.1 Oscilloscopes1.2 Signal analyzers1.3 Signal generators1.4 Network analyzers1.5 OthersEnd-user 2.1 Telecom equipment manufacturers2.2 Original device manufacturers2.3 Telecom service providersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South AmericaRevenue

1.1 Oscilloscopes-  The oscilloscopes segment holds the largest share in the global 5G testing equipment market in 2023, accounting for over 50% of the total revenue. Oscilloscopes are essential tools for displaying and analyzing electronic signals’ waveforms. These devices provide valuable insights into signal properties such as amplitude, rise time, frequency, time interval, and distortion. Digital oscilloscopes, which dominate the segment, use an analog-to-digital converter (ADC) to measure 5G signals. Attenuators and vertical amplifiers are employed to prepare the waveform for ADC input. Digital oscilloscopes’ automated incident capturing and storing feature enhances understanding of signal issues. With the anticipated in 5G traffic, demand for oscilloscopes supporting high bandwidth applications will escalate among electronics manufacturers. Market players, including Anritsu and Tektronix, are introducing advanced oscilloscopes to cater to this need. For instance, Anritsu’s BERTWave MP2110A supports 53-Gbaud pulse amplitude modulation (PAM) signals for eCPRI/RoE optical modules testing. Tektronix’s new 2 Series MSO, launched in June 2022, is a portable, lightweight oscilloscope designed for both laboratory and field use. The increasing demand for advanced and efficient oscilloscopes from industries like communication, electronics, semiconductors, and others will further fuel the growth of the oscilloscopes segment in the global 5G testing equipment market. (Word count: 100)

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Research Analysis

The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G technology and the increasing demand for high-speed, low-latency connectivity. 5G testing equipment plays a crucial role in ensuring the optimal performance of 5G device infrastructure by testing electric signals, spectra, and bandwidth. The market includes various types of equipment such as base stations, antennas, network equipment, and specialized testing equipment like spectrum analyzers, signal generators, and channel emulators. 5G testing equipment is essential for IoT, connected devices, large data centers, automobiles, entertainment, healthcare, security, and other industries that require high connectivity, quick communication, and user-oriented experiences. Performance issues and optimization are key challenges in the 5G era, making the testing equipment market an indispensable part of the network ecosystem. 5G testing equipment enables network providers to ensure high-quality user experiences, quick communication, and low latency, especially during emergencies. The market is expected to continue growing as 5G technology becomes more widespread and the demand for high-speed connectivity increases.

Market Research Overview

The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G device infrastructure. Electric signals and spectrums are crucial elements in 5G networks, providing high bandwidth, low latency, and quick communication for connected devices, large data centers, automobiles, entertainment, healthcare, security, and more. The user-oriented nature of 5G requires high connectivity and advanced multimedia applications, leading to increased data traffic and demand for 5G testing equipment. Challenges in 5G testing include optimizing network performance, managing interference, and designing antennas for millimeter wave usage and Massive MIMO. Testing processes involve IDMs and ODMs, network operators, and service providers, utilizing specialized equipment such as oscilloscopes, signal generators, spectrum analyzers, and channel emulators. 5G testing equipment is essential for prototyping, software-defined testing, and test programs. The digitalization of mobile communications and wireless connections necessitates a software-defined approach to testing, addressing the digital divide and enabling the deployment of facilities and services for various industries. The 5G market encompasses various applications, including autonomous vehicles, connected car applications, smart cities, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture with multiple frequency bands and network slicing. Signal propagation and interference are critical factors in 5G testing, along with optimization and base station testing. The 5G testing market is expected to grow significantly due to customer spending on digitalization, the increasing number of connected devices, and the need for secure wireless connections. The testing costs for 5G equipment are a concern, but the benefits of high-speed connectivity, low latency, and advanced multimedia applications outweigh the expenses.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationOscilloscopesSignal AnalyzersSignal GeneratorsNetwork AnalyzersOthersEnd-userTelecom Equipment ManufacturersOriginal Device ManufacturersTelecom Service ProvidersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth AmericaRevenue

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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CCBank Launches Quill Bank to Deliver Banking Expertise to Fintechs

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Quill Bank delivers decades of banking expertise directly to fintechs seeking a credible, consistent, and experienced bank.

PLEASANT GROVE, Utah, June 2, 2026 /PRNewswire/ — CCBank is excited to announce the launch of Quill Bank, a distinctive, modern brand designed to serve the fintech banking vertical and bring innovative financial products to market with efficiency and broad appeal. Quill Bank is created specifically to meet the needs of tech-forward financial companies seeking a trusted brand backed by the bank’s regulatory, operational, and relationship-banking expertise.

Quill Bank is designed around the proposition that technology with a human touch ensures the best products and services are delivered to consumers in a safe and compliant manner. The name Quill, a reference to an antique writing instrument, reflects our intention to emphasize thoughtful, relationship-driven banking within a high-tech digital fintech space. The brand’s positioning, “Your fintech, our banking backbone,” also shows our commitment to providing fintech companies with a seasoned, dependable partner standing with them.

“The fintech space is driven by innovation, but innovation without a solid banking backbone can be a liability. Quill Bank exists because the fintechs we work with deserve a brand that reflects the institution standing behind them, one with tested experience, real relationships, and know-how. We’re delivering Quill to be the type of bank that makes fintech programs not just possible but credible,” said Andrew Cusick, CCBank’s Chief Development Officer.

“We’ve always believed that banking done right is built on relationships and reputation. Quill Bank is our way of bringing that philosophy to the fintech sector,” added Mike Watson, CCBank’s Chief Executive Officer. “As we grow and evolve, Quill gives our fintech programs a dedicated identity that speaks their language while drawing on everything we’ve built over the last few decades. We’re thrilled about the future the Quill brand makes possible for us.”

Quill Bank’s launch is effective on June 30, 2026, when the Quill.Bank website will go live. Fintechs interested in learning more about Quill Bank can contact Andrew Cusick at (801) 705-4383 or andrew.cusick@ccbank.com

About CCBank –

Founded in 1993, CCBank is a community-focused financial institution with branch offices located in Salem, Provo, Orem, Pleasant Grove, Sandy, Spanish Fork, and St. George to serve the banking needs of Utah residents and businesses. The bank prides itself on being a longstanding community bank headquartered in Pleasant Grove and focused on Utah communities’ financial and social health through its industry-leading rates, personalized service, financial technology, and quick decisions made at the local level. CCBank is an Equal Housing Lender | Member FDIC. Online: https://ccbank.com.

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Spenn, Norwegian Reward and Strawberry Successfully Go Live on GRAVTY® to Power the Nordics’ Next-Generation Loyalty Ecosystem

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The launch establishes a new benchmark for loyalty ecosystems in the Nordics, connecting millions of members across leading travel, hospitality, and retail brands.

LONDON, June 3, 2026 /PRNewswire/ — Loyalty Juggernaut, creator of GRAVTY®, the world’s leading cloud-native, enterprise growth platform, today announced at the Loyalty Summit EMEA the successful go-live of Spenn, Norwegian Reward, and Strawberry on GRAVTY®, enabling one of the most ambitious loyalty ecosystem initiatives in the Nordics. The milestone underscores GRAVTY®’s position as a leading loyalty platform in Europe’s hospitality, travel, and retail sectors.

Spenn was launched with the ambition of creating a shared loyalty points system designed to make earning and using rewards simpler, more flexible, and more relevant across brands, beginning with Norwegian and Strawberry, and expanding to additional ecosystem partners over time. Together, the programs serve millions of members across the Nordic region and reflect a broader industry shift toward interconnected loyalty ecosystems that create value for both consumers and participating brands.

Built on GRAVTY®, the platform enables real-time loyalty transactions, ecosystem-wide engagement, partner-led innovation, personalized experiences, and scalable growth across multiple brands and industries. The implementation provides the technological foundation required to support the continued expansion of the Spenn ecosystem and its growing network of partners.

“Spenn was created to challenge traditional loyalty models and give customers greater flexibility, simplicity, and value across the brands they engage with every day,” said Christoffer Sundby, CEO of Spenn. “Launching on GRAVTY® gives us a highly scalable technology foundation that enables us to accelerate innovation, expand our ecosystem, and create richer experiences for participating brands’ customers.”

“Our vision has always been to make our loyalty programme as relevant and valuable as possible for our Norwegian Reward members. By modernising our technology platform, we are taking an important step towards providing an even better and more flexible offering. This strengthens the connection between travel and everyday rewards, and gives us the flexibility needed to continue developing the experience with new benefits for the years to come,” said Cecilie Nybø Carlsen, Vice President Products & Customer Experience, Norwegian. 

“Strawberry has consistently focused on creating exceptional guest experiences and building deeper relationships with our members,” said Håvard Hovdahl, VP Spenn & Partnerships, Strawberry. “With GRAVTY® powering our loyalty operations, we are well positioned to expand the possibilities of Spenn and deliver greater value, flexibility, and personalization to our guests across the Nordic region.”

“The launch of Spenn required a platform capable of supporting complex ecosystem dynamics, high transaction volumes, real-time interoperability, and rapid partner onboarding,” said Kristian Kolstad, Chief Product and Technology Officer at Spenn. “GRAVTY® provided the architectural flexibility, scalability, and modern capabilities necessary to bring our vision to life and support our future growth ambitions.”

“We are honored to partner with Spenn, Norwegian Reward, and Strawberry on one of the most innovative loyalty transformations in the industry today,” said Shyam Shah, CEO of Loyalty Juggernaut. “The future of loyalty lies in ecosystems, interoperability, intelligent engagement, and customer-centric value creation. The successful launch of these programs on GRAVTY® demonstrates the power of modern loyalty technology to enable entirely new business models and customer experiences.”

About Loyalty Juggernaut

Headquartered in Palo Alto, California, with subsidiaries in India, the UAE, China, and Canada, Loyalty Juggernaut serves leading brands across 110 countries. Its flagship platform, GRAVTY®, is an award-winning, AI-enabled, patented enterprise growth platform that powers over 80 loyalty programs across airlines, hospitality, retail, financial services, telecommunications, multi-brand business conglomerates, and other industries. Rated a Strong Performer in the Forrester Wave™ for Loyalty Technology Solutions, Q4 2025, GRAVTY® enables organizations to build, manage, scale, and monetize modern loyalty ecosystems while delivering highly personalized customer experiences.

About Spenn Group

Spenn Group is a technology company building and operating a loyalty platform with flexible points, jointly owned by Norwegian Air Shuttle, Strawberry Hotel Group and Reitan Retail. Spenn Group provides shared, flexible points that flow freely across a range of leading consumer brands, including Norwegian, Strawberry Hotels, Uno-X, 7-Eleven, Narvesen, and REMA 1000, enabling cross-brand earn and redemption while preserving each brand’s individual loyalty program. Spenn Group’s founding partners collectively represent over $20 billion in Nordic turnover.

About Norwegian Reward

Norwegian Reward is the loyalty program of Norwegian, a leading Nordic aviation company. The group includes two prominent airlines in the Nordics: Norwegian Air Shuttle (Norwegian) and Widerøe’s Flyveselskap (Widerøe). Members of Norwegian Reward earn benefits when flying with either Norwegian or Widerøe, and also from a growing ecosystem of lifestyle and travel partners. The Norwegian Group operates an extensive network of domestic routes across the Nordic countries, in addition to connecting the region with key destinations all over Europe.

About Strawberry

Strawberry is one of the largest hotel groups in the Nordic countries, operating more than 250 hotels across the Nordics under brands including Clarion, Quality, Comfort, Stopover and Home Hotels, in addition to a portfolio of independent brands. Strawberry’s loyalty program rewards members for stays, dining, and experiences across its portfolio, with a vision to build lasting relationships that extend far beyond the hotel stay.

Media Contact:

media@lji.io

www.lji.io

#FFP #TravelLoyalty #LoyaltyEcosystems #CustomerLoyalty #Spenn #LoyaltyJuggernaut #GRAVTY

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BlockBooster Digital Venture Fund I Invests $10 Million as Anchor Investor in SignalPlus’ $50 Million Series B1 Round

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ROAD TOWN, British Virgin Islands, June 3, 2026 /PRNewswire/ — BlockBooster, a full-stack alternative asset management firm, announced today that its Digital Venture Fund I invested $10 million in SignalPlus, an institutional-grade crypto derivatives infrastructure platform, anchoring the company’s $50 million Series B1 financing round, with Goldman Sachs serving as sole financial advisor.

SignalPlus operates the industry’s leading trading terminal for institutional digital asset options and derivatives, trusted by the largest market makers, exchanges, and trading institutions worldwide. The company is now extending its institutional-grade infrastructure into traditional finance and preparing to launch SignalPlus 2.0, a platform upgrade that brings agentic AI into the trading workflow.

“This investment reflects our conviction that institutional capital will flow into digital assets through credible, institutional-grade infrastructure,” said Samuel Gu, Founder and CEO of BlockBooster. “SignalPlus is one of the most established teams in digital asset derivatives, and we are excited to support their next stage of growth.”

The investment in SignalPlus is aligned with BlockBooster’s strategy of backing category-defining infrastructure at the intersection of AI and digital asset markets, with a focus on trading, asset management, and tokenization primitives that can scale across both crypto-native and traditional financial institutions.

“SignalPlus has built the leading institutional infrastructure for digital asset derivatives, and we are now expanding globally and into traditional finance. We’re pleased to welcome BlockBooster, a full-stack alternative asset manager with deep institutional reach and expertise across tokenization and on-chain finance, and we look forward to working closely as we enter our next phase,” said Chris Yu, Co-Founder and CEO of SignalPlus.

BlockBooster is investing from its first fund, a $50 million Digital Venture Fund I focused on four core verticals: AI infrastructure, on-chain trading ecosystems, on-chain asset management, and real-world asset (RWA) tokenization.

About BlockBooster

BlockBooster is a next-era alternative asset management firm for the digital age. The firm leverages blockchain technology to invest in, incubate, and manage the core assets of this new era, from Web3-native projects to real-world assets (RWA). As value co-creators, BlockBooster is dedicated to unlocking the long-term potential of these assets, capturing exceptional value for its partners and investors in the digital economy.

About SignalPlus

Headquartered in Hong Kong, SignalPlus builds institutional-grade derivatives trading infrastructure for the converging capital markets. Its platform provides professional options analytics, real-time risk management, and execution tools to hedge funds, market makers, proprietary trading desks, and asset managers across digital and traditional financial markets. The company partners with the industry’s leading exchanges and trading institutions, and is backed by HashKey Capital, AppWorks, Tencent, and other prominent technology and financial investors.

 

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