The global wireless mesh network market is highly competitive in nature with a large number of players operating in it worldwide, stated a new market intelligence study by Transparency Market Research. The increasing number of collaborations and mergers and acquisitions is projected to enhance the growth of the overall market in the next few years. The entry of new players and the expansion of the product portfolio are projected to enhance the competitive scenario of the market in the near future. In addition to this, the key players operating in the wireless mesh network market across the globe are Aruba Networks Inc., Qorvus Systems Inc., Fluidmesh Networks LLC, Firetide Inc., Synapse Wireless Inc., Zebra Technologies, Concentris Systems LLC, Tropos Networks, SCAN RF Projects, Rajant Corporation, Cambium Networks, and Cisco Systems Inc. The advent of technological products and solutions is predicted to accelerate the growth of the market in the next few years. The market is projected to register a strong growth rate in the coming few years.
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North America to Register Strong Growth in Coming Years
The global market for wireless mesh network has been categorized on the basis of geography into Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. In the last few years, North America accounted for a large share of the market and is predicted to remain in the similar scenario in the coming years. The increasing adoption of mesh networks in security and safety systems in the energy and utilities sectors is likely to enhance the growth of the overall market in the coming years. The rising awareness regarding the worker safety regulations and the increasing adoption of Internet of Things devices are estimated to enhance the growth of the wireless mesh network market in North America in the coming years.
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The global market for wireless mesh network has been classified on the basis of application into education, healthcare, government, hospitality, oil and gas, energy, logistics, mining, and utilities. Among these, oil and gas and mining segments are projected to account for a large share of the overall market in the next few years. The rising implementation of the robust safety rules and regulations in the workplace is one of the major factors that is estimated to accelerate the growth of these two segments in the coming few years.
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Rising Trend of Connected Devices to Enhance Market Growth
The growing demand for the bandwidth requirement and the rising adoption of smart connected devices are some of the key factors that are projected to accelerate the growth of the global wireless mesh network market in the next few years. In addition to this, the rising need for a stable and consistent network and the reduction in the cost of the connected devices are further estimated to enhance the overall growth of the market throughout the forecast period. On the other hand, the rising concerns related to privacy and data security is predicted to restrict the growth of the market in the near future. On the other hand, the rising adoption of the advanced networking technologies among SMES is likely to offer potential growth opportunities for the market players in the next few years.