The Global Wireless Mesh Network Market is estimated to be USD 6.9 Bn in 2021 and is expected to reach USD 12.7 Bn by 2026, growing at a CAGR of 13%.
Key factors such as the development of smart cities and smart devices, industrial applications, and advancements in the wireless communication sector have been driving the overall Wireless Mesh Network market growth. Security applications have a high demand for improved coverage, structural flexibility, and multi-hop, high-speed short-distance transmission capability of video surveillance systems. These requirements are fulfilled by WMN, and thus augmenting the WMN market growth in security applications.
Conversely, data security and privacy concerns, high cost of installation are the major restraints for the market growth. Technical issues are the challenges faced by the WMN market. The recent developments, new product launches, and product innovations, and mergers and acquisitions are undertaken by the major market players are expected to boost the market.
Rapid Demand for Bandwidth Requirement
Growing Adoption of Smart Connected Devices
Need for A Consistent and Stable Network
Reduction in the Cost of Connected Devices
Increasing Connectivity in The Mobiles and Handsets, Due to Artificial Intelligence
Data Security and Privacy Concerns
Adoption of Advanced Networking Technologies Among SMEs
Potential Growth Opportunities for Security System Integrators
The Development of Infrastructure and Smart Cities
Lack of Standards for Interconnectivity and Interoperability
The Global Wireless Mesh Network Market is segmented further based on Component, Mesh Design, Service, Radio Frequency, Application, End-use, and Geography.
Some of the companies covered in this report are Qualcomm, ABB, Qorvo, Cisco, Ruckus Wireless, Aruba Networks, Wirepas, Firetide, Strix Systems, Lumen Radio, Concentris Systems, Fluidmesh Networks, etc.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Wireless Mesh Network Market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using Competitive Quadrant, the analyst's proprietary competitive positioning tool.