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Kenneth Research, in its repository of market research reports, has recently added a report on Wireless Mesh Network Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Wireless Mesh Network Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wireless Mesh Network Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Wireless Mesh Network Market 2025 which provides a complete comprehensive analysis including the data by Segmentations, by Geography and as well as the competitive landscape of the top 10 Vendors in this market In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Wireless Mesh Network Market over the period 2019-2026
The Global Wireless Mesh Network Market is expected to reach USD 8.50 billion by 2025, with a CAGR of 7.3% during the assessment period, 2019–2025. The growing need for the intelligent transport system and increasing demand for a robust and stable network at the workplace are some of the factors that are driving the growth of the wireless mesh network market during the forecast period. Traffic congestion is one of the major issues faced by major cities globally.
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To counteract this issue, there is a need to improve transportation system using intelligent transportation systems (ITS). ITS provides real-time data that helps avoid collisions and accidents. Due to this reason, government bodies are encouraging to adopt such technology for safe transportation. These are some of the factors that increase the need for the intelligent transport system during the forecast period. However, data security and privacy concerns are the factors hampering the growth of the wireless mesh network market.
Various enterprises across different industry verticals such as government, manufacturing, and healthcare requires a robust and stable network for a smooth workflow. The wireless mesh network uses the shortest path for faster and efficient transmission, enhancing the communication quality of the network. This is another factor responsible for the growth of the wireless mesh network market during the forecast period.
In Feb 2019, Qualcomm Technologies, Inc. introduced mesh networking platform that boosts cost-effective development of mesh Wi-Fi systems integrated with Amazon' Alexa Voice Service (AVS). This enables customers to manage efficiently, control, and monitor their smart connected devices with Alexa voice control.
In Feb 2019, Cambium Networks, Ltd partnered with Facebook, a global social networking company to integrate Facebook's self-organizing mesh access technology with its cnPilot indoor and outdoor Wi-Fi solutions to provide cost-effective wireless network technology.
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The Global Wireless Mesh Network Market is expected to reach approximately USD 8.50 billion by 2025, growing at 7.3% CAGR over the forecast period, 2019–2025.
Key Players
Some of the key players of the global wireless mesh network market are Qualcomm Technologies, Inc. (US), Cisco Systems, Inc. (US), ABB (Switzerland), Qorvo, Inc. (US), Ruckus Networks (US), Hewlett Packard Enterprise Development LP (US), Synapse Wireless (US), Wirepas Ltd (Finland), Rajant Corporation (US), Strix Systems (India), Cambium Networks, Ltd.(US), Firetide, Inc.(US), Fluidmesh Networks LLC (US), Filament (US), and Veniam (US).
Segmentation
The global wireless mesh network market has been segmented into component, radio frequency, mesh design, application, and end user.By component, the global market has been segmented into mesh platforms, services, and physical appliances.
By radio frequency, the global market has been categorized into 5 GHz band, 4.9 GHz band, 2.4 GHz band, and Sub 1 GHz band.By mesh design, the global wireless mesh network market has been segmented into AD-HOC mesh and infrastructure wireless mesh..
By application, the global market has been categorized into disaster management and public safety, border security (GPS tracking), smart building and home automation, smart mobility, telecommunication, video streaming and surveillance, smart manufacturing (logistics and supply chain management, predictive maintenance, workforce and asset tracking, and other smart manufacturing applications), and others.
By end user, the global market has been segmented into education, government (public safety), transportation & logistics, mining, hospitality, healthcare, smart cities & smart warehouse, oil & gas, and other end users.
Regional Analysis
The geographical analysis of the global wireless mesh network market is studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is dominating the global wireless mesh network market due to the presence of early adopters of the latest technology in this region. The emergence of latest technologies, such as SaaS (Software as a Service), network analytics, cloud networking, and IoT enable enterprises and users to adopt wireless mesh networking technologies for establishing a robust and cost-effective network. Additionally, companies such as Cisco Systems, Inc., Qorvo, Inc, Cambium Networks, Ltd, Qualcomm Technologies, Inc. are leading the wireless mesh network market in this region. These are some of the factors responsible for the growth of global wireless mesh network market during the forecast period in the region.
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Asia-Pacific is expecting to reach the highest CAGR in the global wireless mesh network market during the forecast period. Countries such as Singapore and Japan are having developed network infrastructure as they are early adopters of the latest technologies in these regions. This is one of the major factors responsible for the growth of the global wireless mesh network market. Furthermore, increased investment in R&D by developing countries such as China and India is another factor that propels the growth of the market during the assessment period.
Target Audience
Third-party network testing service providers
Managed security service providers (MSSPs)
IT suppliers
Consultancy firms and advisory firms
Regulatory agencies
Technology consultants
Government
Network solution providers
Telecommunication providers
Mobile network operators
Cloud service providers
Enterprise data center professionals
About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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