The error vector magnitude or EVM (sometimes also called receive constellation error or RCE) is a measure used to quantify the performance of a digital radio transmitter or receiver. A signal sent by an ideal transmitter or received by a receiver would have all constellation points precisely at the ideal locations, however various imperfections in the implementation (such as carrier leakage, low image rejection ratio, phase noise etc.) cause the actual constellation points to deviate from the ideal locations. Informally, EVM is a measure of how far the points are from the ideal locations.
Transmitter EVM can be measured by specialised equipment, which demodulates the received signal in a similar way to how a real radio demodulator does it. One of the stages in a typical phase-shift keying demodulation process produces a stream of I-Q points which can be used as a reasonably reliable estimate for the ideal transmitted signal in EVM calculation.
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