Unveiling Wireless Mesh Network Market Dynamics: Drivers, Demand, Overview 2024-2033

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Wireless Mesh Network Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The wireless mesh network market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the growing internet and digital penetration, growing development of smart cities and growing funding from public and private institutions.

The wireless mesh network market size is expected to see rapid growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation. Major trends in the forecast period include government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation.

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Key Market Players:

Major companies operating in the wireless mesh network market report are Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, Cisco Systems Inc., Zebra Technologies Corporation, Hitachi, Ltd.,Qualcomm Incorporated, Qorvo Inc., Netgear Inc., Digi International Inc., Beijing Hanhua Hi-Tech Co., Ltd., iFly Communications, After Thinking Technology Co., Ltd., Xian Network Technology Co., Ltd., Morningcore Holding Co., Ltd, ZTE Corporation, Singtel Group, Linksys, Lyntia Networks, GlobalConnect, Nokia Corporation, Wyld Networks, Golden Telecom, 5GASP, Mesh Network Services SRL, Rajant, Helix Mesh Rider Radio, Blu Wireless, BlueNRG-Mesh, Grandstream, D-Link, Redline Communications, Kontron Canada, Strix Systems, Aruba Networks, Firetide Inc, Ruckus Wireless Inc., L5 Networks, Padtec, Radioenge, Ubiquiti Dubai, Prologix LLC, LWCOM, Village Telco, Satinlink Technologies, Kinetic Mesh

Market Drivers:

The increasing adoption of smart connected devices is expected to drive the demand for the wireless mesh networks (WMN) market going forward. Smart-connected devices are devices that are connected through different wireless protocols such as Bluetooth, wi-fi, and others. wireless mesh networks are used in smart connected devices to connect enabled devices to the network. Hence, increasing smart connected devices will create the demand for wireless mesh networks. For instance, in May 2022, according to IoT Analytics GmbH, a Germany-based provider of IoT data analysis, the global IoT-connected devices are expected to increase by 18% to 14.4 billion in 2023. Further, it is estimated to reach 27 billion connected IoT devices by 2025. Therefore, the increasing adoption of smart connected devices will increase the demand for the wireless mesh networks market.

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The wireless mesh network market covered in this report is segmented -

1) By Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band And Above
2) By Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
3) By Component: Product, Service
4) By Application: Home Networking, Video Surveillance, Disaster Management And Rescue Operations, Medical Device Connectivity, Traffic Management
5) By End Use : Education, Government, Healthcare, Hospitality, Mining, Oil And Gas, Transportation And Logistics, Smart Infrastructure, Other End Uses

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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