Global Wireless Mesh Network Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Wireless Mesh Network Market is estimated to be USD 8.81 Bn in 2023 and is expected to reach USD 16.25 Bn by 2028 growing at a CAGR of 13.02%.

• 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.

Market Dynamics

Drivers

• 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

Restraints

• Data Security and Privacy Concerns

Opportunities

• Adoption of Advanced Networking Technologies Among SMEs
• Potential Growth Opportunities for Security System Integrators
• The Development of Infrastructure and Smart Cities

Challenges

• Lack of Standards for Interconnectivity and Interoperability

Segments Covered

• By Component, Physical Appliances holds the largest market share. Physical appliances consist of mesh routers, switches, access points, and controllers. A mesh router is a more convenient alternative to traditional routers. It provides a dynamic, policy-based, application path across various heterogeneous devices in mesh networks. The Mesh Platforms is expected to grow at the highest rate during the forecast period. The vendors of wireless mesh networks provide solutions that are based on platforms and technologies. Such technologies convert mesh nodes into routers and access points. Each node in the network is a receiver as well as a sender of the information. In case a node is down, the connected node would find another node to connect, and thereby reduces the chance of network failure. Due to such benefits, the mesh platform has more demand.
• By Mesh Design, the Ad-Hoc Mesh Network segment holds the largest market share. The growth of this segment is attributed to the fact that the network can be customized and is created as per the requirement, without the need of any prior complex network design and planning. The network design is useful for a short-term network. It provides high-speed wireless connectivity for users in disastrous situations such as floods.
• By Service, the Network Consulting Services holds the maximum market share. Network consulting service is used to eliminate network complexities and reintegrate the functions in a simplified environment. It helps in providing clients with their business networking needs with the simplified network. Network consulting services employ effective next-generation networking solutions that are in practice.
• By Radio Frequency, the 2.4 GHz band is expected to hold the maximum market share. This band frequency is commonly used in microwaves, Wi-Fi, Bluetooth devices, cordless phones, and other wireless devices. 2.4 GHz radiofrequency has good signal strength. Thus it is highly accepted among consumers.
• By Application, the Disaster Management and Public Safety segment is expected to hold the largest market share. The governments have an increasing demand for public safety requirements and are leveraging mesh networking to establish a connection to disaster-prone areas. Cities worldwide are promoting and implementing public broadband by leveraging the mesh architecture for city workers, municipalities, and inspectors.
• By End-use, Smart Cities & Smart Warehouses is expected to hold the largest market share. Mesh network is used for security and safety purposes in smart cities. It controls traffic congestion situations in smart cities. WMN connects and manages any smart device: street lights, parking sensors, waste bins, energy meters, water meters, traffic surveillance cameras, Wi-Fi hot spots, and more. Rising awareness about smart infrastructure is boosting the segment’s growth.
• By Geography, North America is projected to lead the market. The countries in North America like US and Canada are actively adopting wireless mesh networking technologies. The other factors attributed to the market's growth are the increased R&D activities in this region for developing new technologies, the emergence of innovative and trending technologies, such as Software-as-a-Service (SaaS)-based applications, cloud networking, network analytics, Internet of Things (IoT), and virtualization.
• The Global Wireless Mesh Network Market is segmented further based on Component, Mesh Design, Service, Radio Frequency, Application, End-use, and Geography.

Company Profiles

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.

Competitive Quadrant

The report includes 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 proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market