Wireless Mesh Network Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Company, Cisco Systems Inc.

"The wireless mesh network market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, the growing internet and digital penetration, growing development of smart cities and growing funding from public and private institutions.

The wireless mesh network market size is expected to see rapid growth in the next few years. It will grow to $14.44 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation. Major trends in the forecast period include government support, global population growth and urbanization, increasing demand for smart connected devices and rising demand for industrial automation.

Market Overview -
A wireless mesh network refers to a network that is connected by wireless access point (WAP) nodes that have been installed at the locations of each network user. It is used to connect multiple Wi-Fi access points and expand the network coverage.

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Smart Connected Devices Driving Growth In Wireless Mesh Networks Market
The increasing adoption of smart connected devices is expected to drive the demand for the wireless mesh networks (WMN) market going forward. Smart-connected devices are devices that are connected through different wireless protocols such as Bluetooth, wi-fi, and others. wireless mesh networks are used in smart connected devices to connect enabled devices to the network. Hence, increasing smart connected devices will create the demand for wireless mesh networks. For instance, in May 2022, according to IoT Analytics GmbH, a Germany-based provider of IoT data analysis, the global IoT-connected devices are expected to increase by 18% to 14.4 billion in 2023. Further, it is estimated to reach 27 billion connected IoT devices by 2025. Therefore, the increasing adoption of smart connected devices will increase the demand for the wireless mesh networks market.

Competitive Landscape -
Major companies operating in the wireless mesh network market report are 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., iFly Communications, After Thinking Technology Co., Ltd., Xian Network Technology Co., Ltd., Morningcore Holding Co., Ltd, ZTE Corporation, Singtel Group, Linksys, Lyntia Networks, GlobalConnect, Nokia Corporation, Wyld Networks, Golden Telecom, 5GASP, Mesh Network Services SRL, Rajant, Helix Mesh Rider Radio, Blu Wireless, BlueNRG-Mesh, Grandstream, D-Link, Redline Communications, Kontron Canada, Strix Systems, Aruba Networks, Firetide Inc, Ruckus Wireless Inc., L5 Networks, Padtec, Radioenge, Ubiquiti Dubai, Prologix LLC, LWCOM, Village Telco, Satinlink Technologies, Kinetic Mesh

Innovative Technological Advancements Fueling The Wireless Mesh Network Market
Technological advancements are a key trend gaining popularity in the wireless mesh network market. Major companies operating in the wireless mesh network market are focused on developing new technological solutions to strengthen their position. For instance, in July 2022, Wyld Networks, a Sweden-based company enabling affordable IoT (Internet of Things) connectivity globally, launched Wyld Mesh and Fusion, a new mobile content delivery platform and wireless mesh networking technology. The platform has advanced data analytics and geolocation capabilities to provide required content at the right time to the right people and places through branded mobile applications.

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Key Segments -
The wireless mesh network market covered in this report is segmented -
1) By Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band And Above
2) By Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
3) By Component: Product, Service
4) By Application: Home Networking, Video Surveillance, Disaster Management And Rescue Operations, Medical Device Connectivity, Traffic Management
5) By End Use : Education, Government, Healthcare, Hospitality, Mining, Oil And Gas, Transportation And Logistics, Smart Infrastructure, Other End Uses

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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