The wireless
mesh network market is anticipated to reach around
$119.2 billion by 2026 according to a new research published by Polaris Market
Research. In 2017, the smart cities and warehouses segment dominated the global
market, in terms of revenue. North America is expected to be the leading
contributor to the global wireless mesh network market revenue during the
forecast period.
The growing
need for efficient and stable network performance, along with the ability of
wireless mesh network to flexibly expand and increase performance has boosted
growth of the wireless mesh network market. Furthermore, the rising penetration
of mobile devices, and rising adoption of mobile-connected devices further
support the growth of this market. Additionally, the increasing demand of
wireless mesh network from small and medium enterprises has supported market
growth over the years. Increasing investments by vendors in technological
advancements, growing demand for wireless broadband services, and declining
costs of connected devices would accelerate the growth wireless mesh network
market during the forecast period. However, data privacy and security concerns
are expected to hinder market growth. Growing demand from emerging economies,
increasing adoption of IoT and smart grid applications are expected to provide
numerous growth opportunities in the coming years.
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Wireless
mesh networks are increasingly being used for environmental monitoring and
precision agriculture. The farming industry is using automation and technology
to increase profitability and reduce operating costs and the use of sensors in
fields, tractors and vineyards for monitoring and management of farm operations
has resulted in increased crop production and less resource wastage has also
supported the wireless mesh network market growth in the recent past. Low
frequency wireless mesh networks using sensor networks are deployed for
environmental conditional monitoring, whereas high frequency wireless mesh
networks are being used for tractor automation and precision agriculture and
has increased the demand for wireless mesh network.
North
America generated the highest revenue in the market in 2017, and is expected to
lead the global wireless mesh network market throughout the forecast period.
The presence of established telecom and cloud infrastructure in this region,
and growing trend of IoT drive the wireless mesh network market growth in the
North America. The growing demand of mobile devices, and technological
advancements further support market growth in the region. The use of smart
technologies in energy and utilities, industrial automation, and intelligent
buildings is expected to support market growth in this region during the
forecast period.
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The major
players operating in wireless mesh network market include Ruckus Wireless,
Cisco Systems, Aruba Networks, Tropos Networks, Strix Wireless Systems Pvt Ltd,
Firetide, Inc., Cambium Networks, Qualcomm, Rajant Corporation, Synapse
Wireless. These companies launch new products and collaborate with other market
leaders to innovate and launch new products to meet the increasing needs and
requirements of consumers.
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