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(Wireless-NewsWire.Com, May 24, 2018 ) Research Cosmos forecasts the global wireless mesh network market size to grow from USD 3.89 Billion in 2017 to USD 7.44 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period. The major forces that are expected to drive the growth of the wireless mesh network 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.
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In the component segment, the physical appliances subsegment is expected to hold the largest market share. Physical appliances consist of mesh routers, switches, access points, and controllers. A mesh router is a replacement of traditional routers and provides a dynamic, policy-based, application path across various heterogeneous devices in mesh networks. Moreover, in the component segment, the mesh platforms subsegment is expected to grow at the highest rate; some of the wireless mesh network vendors offer solutions that are based on platforms and technologies that 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, thus reducing the chance of network failure.
The mesh design segment is segmented into infrastructure wireless mesh and ad-hoc mesh. The ad-hoc mesh network segment is expected to grow at the fastest rate attributed to the fact that network is created as per the requirement, without the need of any prior complex network design and planning. The ad-hoc mesh network design is useful for a short-term network, as it provides high-speed wireless connectivity for users in highly fluid situations, such as emergency response team at the time of natural disasters.
The 2.4 GHz band is expected to hold the largest market share in the radio frequency segment attributed to the fact that this band is used by large number of microwaves, Wi-Fi, Bluetooth devices, cordless phones, and other wireless devices. The disaster management and public safety segment is expected to hold the largest market share in the application segment attributed to the fact that wireless mesh networks provide high network availability. The state, county, and city governments have an increasing demand for public safety requirements and are leveraging mesh networking to connect to disaster-prone areas. The cities are promoting and implementing public broadband by leveraging the mesh architecture for city workers, municipalities, and inspectors.
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North America is expected to hold the largest market share and dominate the wireless mesh network market during the forecast period. The North America region comprises the US and Canada, which are witnessing the phenomenal adoption of wireless mesh networking technologies. These countries have major dominance with sustainable and well-established economies, empowering them to strongly invest in Research and Development (R&D) activities, thereby contributing to the development of new technologies. Due to the emergence of trending technologies, such as Software-as-a-Service (SaaS)-based applications, cloud networking, network analytics, Internet of Things (IoT), and virtualization, the users and enterprises in these regions are forced to adopt wireless mesh networking technologies for establishing a cost-effective and constant network.
APAC comprises growing economies, such as Japan, China, India, Singapore, and Australia, which are expected to register high growth in the wireless mesh network market. APAC has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market for wireless mesh networks. APAC is projected to grow at the highest CAGR during the forecast period in the wireless mesh network market. Countries such as Singapore, China, and Japan possess developed technological infrastructure, which promotes the adoption of mesh networking solutions across various industry verticals in this region.
Data security and privacy concerns are expected to be the major restraining factor for the growth of the wireless mesh network market. However, the recent developments, new product launches, and acquisitions undertaken by the major market players are expected to boost the growth of the market.
The study measures and evaluates the major offerings and key strategies of the major market vendors, including 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). These companies have been at the forefront in offering reliable wireless mesh networking to commercial clients across diverse locations.
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