Test and Measurement Software Market Revenue Trends and Growth Drivers

Test and Measurement Software Market - Global Forecast 2030

Report Code: UC-SE-6673 Feb, 2025, by marketsandmarkets.com

The test and measurement software market is at the forefront of modern industrial advancements, providing essential tools for evaluating performance, quality, and reliability. These software solutions work seamlessly with hardware to collect, process, and analyze data, ensuring products and systems meet stringent safety and performance standards. Test and measurement software is increasingly integrating cutting-edge technologies such as artificial intelligence (AI), machine learning, and cloud computing. Cloud-based solutions enable remote monitoring, data sharing, and scalable testing frameworks, catering to the rising demand for decentralized operations. AI-driven software improves predictive maintenance, enhances defect detection accuracy, and automates complex analyses. Such integrations are transforming the testing landscape, driving productivity and reliability.

Increasing Role in Electronics and Telecommunications

The rapid growth of the electronics and telecommunications sectors is a key driver for the test and measurement software market. As devices and networks grow increasingly complex, robust software solutions are critical to validate their functionality and ensure optimal performance. In applications like 5G networks and IoT devices, test software supports real-time data processing, multi-device integration, and high-speed analysis, facilitating faster deployments and reducing operational bottlenecks. For instance, in May 2024, Tektronix introduced Version 5.4 of its SignalVu Spectrum Analyzer Software, offering enhanced capabilities for multi-channel modulation analysis of up to eight signals simultaneously. This latest update enables users to transform existing oscilloscopes into versatile wireless system testing tools.

Enhancing Precision with Data Acquisition Software

Data acquisition software is a vital component of the test and measurement ecosystem, enabling seamless collection, processing, and analysis of data from multiple sensors and instruments. Modern DAQ solutions integrate advanced features such as real-time monitoring, high-speed data capture, and compatibility with diverse hardware interfaces. For instance, in August 2024, ESC Spectrum, a leading provider of innovative products and services for diverse industrial applications, launched Prism 2.0. Prism is a scalable Data Acquisition System software solution designed for both stand-alone and enterprise environments, helping users comply with regulatory reporting requirements for emissions. Compatible with Microsoft Windows and SQL Server, Prism integrates seamlessly with the 8864 Data Controller, enabling precise and reliable collection, monitoring, quality assurance, and reporting of emissions data from continuous monitoring systems. These tools play a critical role in industries like automotive, aerospace, and electronics by ensuring precise measurements and improving overall system performance. With the incorporation of AI and cloud computing, DAQ software now offers predictive analytics and remote accessibility, further enhancing its efficiency and utility in complex testing environments.

Impact of AI

AI and advanced data analytics are revolutionizing the market by enhancing fault detection and quality assurance processes. AI algorithms identify patterns and anomalies in large datasets with unmatched precision, while analytics tools provide actionable insights for informed decision-making. By enabling proactive maintenance and rapid issue resolution, these technologies significantly reduce downtime and improve system reliability.

Challenges

Despite its immense potential, the test and measurement software market face several challenges. High initial costs for advanced software solutions and the need for skilled professionals to operate them can be barriers for smaller enterprises. Integration with legacy hardware and ensuring cross-platform compatibility also pose technical challenges. Additionally, concerns over data security, particularly in cloud-enabled solutions, and adherence to strict regulatory standards in industries like healthcare and automotive, remain significant hurdles.

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TABLE OF CONTENTS

1.Introduction

1.1.Study Objectives

1.2.Market Definition and Scope

1.2.1.Inclusions and Exclusions

1.3.Study Scope

1.3.1.Markets Covered

1.3.2.Geographic Segmentation

1.3.3.Years Considered for the study

1.4.Currency

1.5.Limitations

1.6.Stakeholders

2.Research Methodology

2.1.Research Data

2.1.1.Secondary Data

2.1.1.1.Major Secondary Sources

2.1.1.2.Key Data from Secondary Sources

2.1.2.Primary Data

2.1.2.1.Primary Interviews with Experts

2.1.2.2.Key Data from Primary Sources

2.1.2.3.Key Industry Insights

2.1.2.4.Breakdown of Primaries

2.2.Market Size Estimation

2.2.1.Bottom-Up Approach

2.2.1.1.Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)

2.2.2.Top-Down Approach

2.2.2.1.Approach for Capturing Market Share by Top-Down Analysis (Supply Side)

2.3.Market Breakdown and Data Triangulation

2.4.Research Assumptions

2.5.Risk Assessment

2.6.Assumptions of Recession

2.7.Limitations of Research

3.Executive Summary

4.Premium Insights

5.Market Overview

5.1.Introduction

5.2.Market Dynamics

5.3.Trends/Disruptions Impacting Customer’s Business

5.4.Value Chain Analysis

5.5.Ecosystem Analysis

5.6.Technology Analysis

5.7.Patent Analysis

5.8.Key Conferences and Events (2024-2026)

5.9.Case Study Analysis

5.10.Tariff and Regulatory Landscape

5.10.1.Regulatory Bodies, Government Agencies, and Other Organizations

5.11.Porters Five Force Analysis

5.11.1.Threat from New Entrants

5.11.2.Threat of Substitutes

5.11.3.Bargaining Power of Suppliers

5.11.4.Bargaining Power of Buyers

5.11.5.Intensity of Competitive Rivalry

5.12.Key Stakeholders and Buying Criteria

5.12.1.Key Stakeholders in Buying Process

5.12.2.Buying Criteria

5.13.Impact of Gen AI on Test and Measurement Software

6.Test and Measurement Software Market, By Type

6.1.Introduction

6.2.Data Acquisition Software

6.3.Signal Analysis Software

6.4.Network Test Software

6.5.Automated Test Software

6.6.Simulation Software

7.Test and Measurement Software Market, By Deployment Type

7.1.Introduction

7.2.Cloud-based

7.3.On-premises

8.Test and Measurement Software Market, By End Use Industries

8.1.Introduction

8.2.Aerospace and Defense

8.3.IT and Telecommunications

8.4.Automotive

8.5.Healthcare

8.6.Electronics and Semiconductor

8.7.Industrial

8.8.Others

9.Test and Measurement Software Market, By Region

9.1.Introduction

9.2.North America

9.2.1.Macroeconomic Outlook

9.2.2.US

9.2.3.Canada

9.2.4.Mexico

9.3.Europe

9.3.1.Macroeconomic Outlook

9.3.2.UK

9.3.3.Germany

9.3.4.France

9.3.5.Rest of Europe

9.4.Asia Pacific

9.4.1.Macroeconomic Outlook

9.4.2.China

9.4.3.Japan

9.4.4.South Korea

9.4.5.Rest of Asia Pacific

9.5.RoW

9.5.1.Macroeconomic Outlook

9.5.2.Middle East

9.5.2.1.GCC Countries

9.5.2.2.Rest of Middle East

9.5.3.Africa

9.5.4.South America

10.Test and Measurement Software Market, Competitive Landscape

10.1.Key Player Strategies/Right to Win

10.2.Revenue Analysis

10.3.Market Share Analysis

10.4.Company Evaluation Matrix: Key Players, 2024

10.4.1.Stars

10.4.2.Emerging Leaders

10.4.3.Pervasive Players

10.4.4.Participants

10.4.5.Company Footprint: Key Players, 2024

10.4.5.1.Company Footprint

10.4.5.2.Region Footprint

10.4.5.3.Type Footprint

10.4.5.4.Deployment Type Footprint

10.4.5.5.End Use Industries Footprint

10.5.Company Evaluation Matrix: Startups/SMEs, 2024

10.5.1.Progressive Companies

10.5.2.Responsive Companies

10.5.3.Dynamic Companies

10.5.4.Starting Blocks

10.5.5.Competitive Benchmarking: Startups/SMEs, 2024

10.5.5.1.Detailed List of Key Startups/SMEs

10.5.5.2.Competitive Benchmarking of Key Startups/SMEs

10.6.Competitive Situation and Trends

11.Test and Measurement Software Market, Company Profiles

11.1.Key Players

11.1.1.TEKTRONIX, INC.

11.1.2.Yokogawa Test & Measurement Corporation

11.1.3.Rohde & Schwarz

11.1.4.National Instruments Corp.

11.1.5.Keysight Technologies

11.1.6.Applied Systems Ltd.

11.1.7.FUTEK Advanced Sensor Technology, Inc.

11.1.8.YottaVolt

11.1.9.PCTEL, Inc.

11.1.10.The MathWorks, Inc.

11.2.Other Key Players

12.Appendix

12.1.Discussion Guide

12.2.Knowledge Store: MarketsandMarkets’ Subscription Portal

12.3.Available Customizations

12.4.Related Reports

12.5.Author Details

Request for detailed methodology, assumptions & how numbers were triangulated.

Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s).

3 3 6 0 3

Manage preferences :

Select all
News-Letters with latest Market insights
Information & discussion on the relevant new products and services
Information & discussion on Market insights and Market information
Information & discussion on our events and conferences
Preferred modes for discussion
- Select all
- Email Phone Professional and social network (Linkedin, etc)

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Test and Measurement Software Market Size Share Analysis

Test and Measurement Software Market - Global Forecast 2030

Growth opportunities and latent adjacency in Test and Measurement Software Market

Get recent trends delivered to your inbox

Want to explore hidden markets that can drive new revenue in Test and Measurement Software Market?