Wireless Mesh Network Market To Reach Worth Of US$8.9 Billion By 2024

The wireless mesh network market features an intensely competitive landscape as leading players are constantly introducing new products and services to gain a competitive edge over their rivals, notes Transparency Market Research (TMR). A number of top players are increasingly focusing on strategic collaborations with prominent vendors, companies with niche offerings, and rapidly emerging new entrants. To this end, they are resorting to partnerships and acquisitions, which will help them gain a firm foothold in the market and ramp up their shares over the forecast period. These strategic moves by top players consistently raise the ante higher leading to technologically-advanced products and solutions, along with exerting a positive bearing on the global sales channels.

Top players operating in the wireless mesh network market include Qorvus Systems Inc., Aruba Networks Inc., Fluidmesh Networks LLC, Synapse Wireless Inc., Firetide Inc., Zebra Technologies, Tropos Networks, Concentris Systems LLC, SCAN RF Projects, Cambium Networks, Rajant Corporation, and Cisco Systems Inc.

The various application areas for wireless mesh networks are sectors such as government, hospitality, logistics, education, mining, health care, oil and gas, utilities, and energy. Of these, the mining and oil and gas industries are witnessing an overwhelming uptake. This is attributed to the implementation of robust safety rules in the workplace in these end-use industries.

Geographically, several developing regions are offering potentially lucrative avenues that market players are tapping into. Of the various regions, Asia Pacific is prognosticated to rise at the leading CAGR of 13.7% during 2016–2024. The growth is driven mainly by the adoption of smart city infrastructure in the key economies.

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The global wireless mesh networks market stood at US$3.9 billion in 2015, with the demand for these networks estimated at 13.3 million units in the same year. The market is projected to touch a valuation of US$8.9 billion by 2024 end. Rising at an impressive CAGR of 9.7% during 2016–2024, the demand is expected to reach a worth of 37.2 million units by the end of the forecast period.

The proliferation of internet of things (IoT) devices and connected technologies, especially in developed regions, is providing a robust impetus to the demand for wireless mesh network infrastructure. Concerted efforts by governments and private players in several developing and developed countries for the adoption of smart city infrastructure are lending sustained thrust to the uptake of wireless mesh network. The adoption of smart metering initiatives, particularly in developed nations, is also bolstering the demand for these mesh networks.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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