The Wireless mesh network market projected to grow from $3.57 Billion in 2016 to reach $7.44 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.
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The major forces that are expected to drive the growth of the market include the critical need for network bandwidth management, and growing adoption of smart connected devices across various industry verticals. Moreover, need for consistent network and stable network, and reduction in cost of connected devices are also some of the factors that are expected to drive the market growth. The wireless mesh network market is segmented on the basis of components (physical appliances, mesh platforms, and services), mesh design, radio frequency, applications, and regions.
Objectives of the Study
The main objective of the report is to define, describe, and forecast the wireless mesh network market size on the basis of components (physical appliances, mesh platforms and services), mesh design, radio frequency, applications, and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments in the market.
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The network consulting services segmemt is expected to hold the largest market share in the wireless mesh network market during the forecast period
In a wireless mesh network, consulting services help eliminate the network complexity and reintegrate the functions in a simplified environment by providing clients with their business networking needs. These services also help implement effective next-generation networking solutions that are in practice. Network professionals help enterprises communicate the IT risk in business-relevant terms, prioritize remediation efforts based on a composite risk view, and automate assessment processes to improve the overall security and compliance regulations.
North America is expected to have the largest market share in the wireless mesh network market during the forecast period
North America is one of the largest contributors to the wireless mesh network market due to the growth of evolving low-power high-range Wide Area Networks (WANs) and automation-triggered major technological revolutions in this region. The adoption of Internet of Things (IoT) across various industry verticals is expected to drive the wireless mesh network market in this region. For instance, since 2012, the US has been incorporating smart solutions into industries, such as energy and utilities, industrial automation, intelligent buildings and infrastructure, and public safety. Most of the smart city projects in the US are near completion; thus, the country is expected to witness a low growth rate in the smart cities space in the years to come.
Some of the major vendors in the wireless mesh network market include as Qualcomm (US), Cisco Systems (US), Aruba Networks (US), ABB (Switzerland), Qorvo (US), Synapse Wireless (US), Wirepas (Finland), Rajant Corporation (US), Strix Systems (US), Cambium Networks (US), Ruckus Wireless (US), and Firetide (US).
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