5 Major Insights Into The Wireless Mesh Network Market Report 2023

November 22, 2023 by The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global wireless mesh network market is poised for substantial growth in the forecast period, with projections indicating a rise from $7.41 billion in 2022 to $8.30 billion in 2023 at a remarkable compound annual growth rate (CAGR) of 12%. The trajectory continues to be optimistic, with expectations reaching $12.78 billion by 2027 at a CAGR of 11.4%. This report delves into the factors fueling this growth, the key players in the market, and the exciting technological advancements shaping the landscape.

Driving Forces: The Role of Smart Connected Devices

A pivotal driver for the anticipated surge in the wireless mesh network market is the increasing adoption of smart connected devices. These devices, interconnected through wireless protocols such as Bluetooth and Wi-Fi, rely on wireless mesh networks to establish connectivity. As the global IoT-connected devices are projected to grow by 18% to 14.4 billion in 2023 and are estimated to reach a staggering 27 billion connected IoT devices by 2025, the demand for wireless mesh networks is set to soar. The expanding ecosystem of smart connected devices is a significant catalyst propelling the market forward.

Key Players in the Arena

The wireless mesh network market is marked by the presence of major players steering the industry’s course. Notable entities include Aruba Networks, Cisco Systems Inc., Google LLC, and Qualcomm Inc., among others. These players are integral to the market’s growth, contributing through innovations, collaborations, and strategic initiatives.

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Technological Advancements: A Defining Trend

One prominent trend shaping the wireless mesh network market is the relentless pursuit of technological advancements. Companies are channeling their efforts into developing cutting-edge solutions to fortify their market standing. Wyld Networks, a Sweden-based company, exemplifies this trend by launching Wyld Mesh and Fusion in July 2022. This innovative platform integrates advanced data analytics and geolocation capabilities, offering a novel approach to mobile content delivery through wireless mesh networking technology.

Regional Dominance: North America Leads the Way

In 2022, North America emerged as the largest region in the wireless mesh network market, underscoring the region’s technological prowess and adoption. The global wireless mesh network market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

Market Segmentation: A Comprehensive Overview

The wireless mesh network market is segmented based on several factors:

Radio Frequency: Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, 5 GHz Band
Mesh Design: Infrastructure Wireless Mesh, AD-HOC Mesh
Component: Product, Service
Application: Home Networking, Video Surveillance, Disaster Management And Rescue Operations, Medical Device Connectivity, Traffic Management
End-Use: Education, Government, Healthcare, Hospitality, Mining, Oil And Gas, Transportation And Logistics, Smart Cities And Smart Warehouses

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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.

The Wireless Mesh Network Global Market Report 2023 provides a wireless mesh network market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wireless mesh network market forecast analyzes wireless mesh network market size, wireless mesh network market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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