Pune, May 20, 2025 (GLOBE NEWSWIRE) -- Service Laboratory Market Size Analysis:
“The Service Laboratory Market size was USD 74.11 Billion in 2024 and is expected to reach USD 113.16 Billion by 2032, growing at a CAGR of 5.54% over the forecast period of 2024–2032.”
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Major Players Analysis Listed in this Report are:
- Keysight Technologies
- Rohde & Schwarz
- Anritsu Corporation
- Spirent Communications
- Tektronix (Fortive)
- Advantest Corporation
- National Instruments
- Bureau Veritas
- SGS SA
- TÜV Rheinland
Service Laboratory Market Report Scope:
| Report Attributes | Details |
| Market Size in 2024 | USD 74.11 billion |
| Market Size by 2032 | USD 113.16 billion |
| CAGR | CAGR of 5.54% From 2025 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2025-2032 |
| Historical Data | 2021-2023 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | The rollout of 5G networks and the exponential increase in IoT devices have dramatically increased the volume and complexity of testing and validation required. |
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ICT Service Labs Emerge as Critical Pillars in the Digital Economy Amid 5G and IoT Boom
The scope of the service laboratory market has expanded significantly, especially within the ICT ecosystem. As digital infrastructure rapidly establishes itself as the foundational layer of the global economy, ICT service labs play a critical role in ensuring the integrity, performance, and security of telecom networks, semiconductor chips, and electronic devices. As 5G, IoT, and microelectronics rapidly gain traction, especially from 2025 onwards due to increased applications, these labs now face unprecedented demand for full-fledged testing, compliance, and quality assurance.
Strategic Importance in the ICT Service Laboratory Market
- Over 1.5 billion global 5G connections by end of 2023, making it the fastest-growing mobile broadband technology.
- By 2025, 5G is expected to cover nearly one-third of the global population, reshaping digital communication and testing requirements.
- Connected IoT devices reached 17.08 billion in 2024, projected to hit 29.42 billion by 2030.
- The rapid growth of IoT and 5G has driven a sharp increase in demand for testing, validation, and cybersecurity services to ensure performance and security.
Segment Analysis
- By Service Type, repair services currently dominate due to the fast turnover and obsolescence of ICT hardware. As devices and network infrastructures grow more intricate, minimizing downtime has become essential, especially for telecom operators and data centers. However, support & maintenance is emerging as the fastest-growing segment. Innovations like AI-powered predictive maintenance, real-time remote diagnostics, and performance monitoring in smart factories are accelerating their adoption.
- By Deployment, on-premise solutions reign where data sovereignty and security take center stage, including in national telecomm infrastructure and chip manufacturing facilities. These necessitate complete control over data and operations. On the other hand, cloud deployment is picking up exponentially as it is scalable, cost-effective, and supports real-time collaboration, particularly important for global ICT labs and startups interested in quick prototyping.
- By Channel, third-party service providers are presently dominating the market by providing specialized services and economical solutions, such as the availability of high-end testing resources. OEM service labs are gaining strength very quickly. In-house labs provide closer integration, quicker updates, and adherence to changing product requirements and regulations.
- By End-User Industry, telecom & networking is still the biggest contributor, consistent with ongoing 5G, fiber, and IoT deployments. The fastest-growing end-user segment, however, is semiconductor production. As nations are spending money on setting up local chip manufacturing and failure analysis facilities, the need for advanced service labs is increasing.
Service Laboratory Market Segmentation:
By Service Type
- Repair
- Support & Maintenance
- Testing & Validation
- Others
By Deployment
- On-premise
- Cloud
By Channel
- OEMs
- Third Party Service Provider
By End-User
- Industrial
- Oil & Gas
- Metal & Mining
- Automotive
- Chemical
- Pharmaceutical
- Electronics
- Semiconductor Manufacturing
- Microelectronics and MEMS
- Life Sciences
North America Dominates Global Service Laboratory Market as Asia Pacific Emerges as Fastest-Growing Region
North America is the global service laboratory market leader and an extremely lucrative region due to its advanced ICT infrastructure, rapid emergence of AI and cloud technologies, and the presence of several of the leading service providers. About the evolution of these technologies, the U.S. will continue to lead, driven by much stronger digital innovation and cyber initiatives, offset in part by Canada through telecom R&D investment.
The Asia Pacific is the fastest-growing region, driven by significant investments in 5G, semiconductors, and lab digitalization led by China, Japan, South Korea, and India. Brazil and Mexico are taking the lead in bolstering their lab infrastructure via higher ICT allocation towards health and have been promoting innovation in digital health in general.
Recent Trends
- The proliferation of 5G and IoT devices around the globe has led to exponential growth in testing volumes and complexity. The year 2024 saw 5G subscriptions exceed 1.6 billion, over 30 billion connected IoT devices globally, and increased demand for real-time validation and cybersecurity compliance.
- In 2024, the global semiconductor industry grossed over USD 600bn, driven by multi-billion-dollar investments into domestic semiconductor fabrication and validation facilities from governments across the globe. With these investments, the aim is to secure tech sovereignty, reducing supply chain vulnerabilities.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Service Laboratory Market Segmentation By Service Type
8. Service Laboratory Market Segmentation By Deployment
9. Service Laboratory Market Segmentation By Channel
10. Service Laboratory Market Segmentation by End-User
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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