Press release
Wireless Mesh Network Market: Rapid Growth Driven by Smart Connected Devices and Industrial Automation Trends
Wireless Mesh Network Market
What Is The Projected Market Size Of The Global Wireless Mesh Network Market And Its Growth Rate?
The wireless mesh network market has shown significant growth, influenced by increased internet penetration and the development of smart cities, among other factors.
• Forecast for 2024: Estimated to reach $9.08 billion.
• Forecast for 2025: Predicted to grow to $10.02 billion at a CAGR of 10.3%.
• Forecast for 2029: Expected to reach $16.66 billion with a CAGR of 13.6%.
What Is Driving The Growth In The Wireless Mesh Network Market?
The growth in the wireless mesh network market is driven by the increasing adoption of smart connected devices which utilize wireless protocols such as Bluetooth and Wi-Fi. Wireless mesh networks connect these devices to the network. Therefore, an increase in the number of smart connected devices will demand more wireless mesh networks. According to IoT Analytics GmbH, the number of IoT connected devices globally is projected to rise by 18% to 14.4 billion in 2023 and is estimated to reach 27 billion by 2025.
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Who Are the Key Players Driving Wireless Mesh Network Market Growth?
Key players in the wireless mesh network market include:
• 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.
What Are The Key Trends In The Wireless Mesh Network Market?
Notable trends in the wireless mesh network market include:
• Government support
• Global population growth and urbanization
• Increasing demand for smart connected devices
• Rising demand for industrial automation
What Are The Segments Of The Global Wireless Mesh Network Market?
The wireless mesh network market is categorized by:
1) Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band And Above
2) Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
3) Component: Product, Service
4) Application: Home Networking, Video Surveillance, Disaster Management And Rescue Operations, Medical Device Connectivity, Traffic Management
5) End Use: Education, Government, Healthcare, Hospitality, Mining, Oil And Gas, Transportation And Logistics, Smart Infrastructure, Other End Uses
Which Region Leads The Wireless Mesh Network Market?
In 2024, North America was the largest region in the wireless mesh network market. The report also offers insights into other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Wireless Mesh Network Market Global Market Report?
- Market Size Analysis: Analyze the Wireless Mesh Network Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wireless Mesh Network Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Wireless Mesh Network Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wireless Mesh Network Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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