ID: MRFR/ICT/5562-CR | August 2019 | Region: Global | 100 pages
Wireless Mesh Network Market is likely to touch USD 8.50 Billion at a 7.3% CAGR between 2019- 2025, reveals the latest Market Research Future’s (MRFR) wireless mesh network market forecast report. The strong growth of the market can be accredited to the growing demand for a stable and robust network in the workplace.
The COVID-19 outbreak is developing the requirement for flexibility, which will bolster the future of connectivity. The communication infrastructure and data center industry is likely to be more flexible with constant strategic investments for supporting the increased network traffic as well as the use of data for remote working and work from home during the lockdown period. From governments utilizing business analytics services to communicate virus updates to school closures that are necessitating students for using virtual offerings such as Google Classroom, the demand for communication services as well as associated infrastructure has experienced a steep rise during the outbreak. Besides, telemedicine has become immensely popular, which is contributing to the growth of the wireless mesh network market.
Need for Stable and Consistent Network to Bolster Market Growth
The need for a stable and consistent network in the workplace may bolster market growth over the forecast period. The wireless mesh network uses the most efficient and fastest path for transmission, thereby improving the quality of the communication of the network.
Other factors adding to the wireless mesh network market growth include the growing demand for intelligent transport systems across various industry sectors such as healthcare, government, and manufacturing that demand a strong network to offer a smooth workflow, rising adoption of smart connected devices, growing demand in bandwidth requirement, fall in the price of connected devices, advances in the telecommunication technology, and use of high-speed video apps on public transport facilities utilized across the telecommunication industry that need wireless mesh network solutions Additional factors adding market growth include increasing adoption in battlefield surveillance, need for best wireless mesh network and DIY wireless mesh network, increasing use to establish communications in the oil & gas industry, growing recognition of racing-car telemetry, need for interest in closed communities, use in electric smart meters, laptops, and Wi-Fi devices that has data-exchange features, and use in US military forces for greater connectivity across mobile devices.
Rising adoption of Internet of Things Technology to Offer Robust Opportunities
The growing adoption of the internet of things (IoT) technology for smart city environments and smart homes may offer robust opportunities to market players in the upcoming years.
Security Issues May Restrain Market Growth
Data security issues, coupled with privacy concerns, may restrain the growth of the market over the forecast period.
High Cost to Challenge Market Players
The high cost of the wireless mesh network may act as a major challenge for market players.
The wireless mesh network market has been bifurcated based on end-user, application, mesh design, radiofrequency, and component.
Component-based Physical Appliances Segment to Lead the Market
By component, the global wireless mesh network market is segmented into physical appliances, services, and mesh platforms. Of these, the physical appliances segment will lead the market over the forecast period.
Radio Frequency-based 2.4 GHz Segment to Dominate the Market
Based on the radio frequency, the wireless mesh network market is segmented into Sub 1 GHz band, 2.4 GHz band, 4.9 GHz band, and 5 GHz band. Among these, the segment of 2.4 GHz will dominate the market over the forecast period.
Mesh Design-based AD-HOC segment to Spearhead the Market
Based on the mesh design, the wireless mesh network market is segmented into wireless infrastructure mesh and AD-HOC mesh. Of these, the AD-HOC mesh segment will spearhead the market over the forecast period.
Based on the application, the wireless mesh network market is segmented into smart manufacturing, video streaming and surveillance, telecommunication, smart mobility, smart building and home automation, border security (GPS tracking), disaster management and public safety, and others. The smart manufacturing segment is again segmented into the workforce and asset tracking, predictive maintenance, logistics and supply chain management, and others).
End User-based Smart Cities and Smart Warehouse to Have Lions Share in the Market
Based on the end-user, the wireless mesh network market is segmented into oil and gas, smart cities and smart warehouse, healthcare, hospitality, mining, transportation and logistics, government (public safety), education, and others. Of these, the smart cities and smart warehouse segment will have the lions share in the market over the forecast period.
North America to Dominate the Market
Based on the region, the global wireless mesh network market report covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). Early adoption of the latest technology, need for best wireless mesh home network, the emergence of latest technologies like cloud networking, network analytics, virtualization, IoT, and SaaS that enable users and enterprises to adopt this network to establish a cost-effective and robust network, and the presence of well-established and sustainable economies that empower them to strongly invest in R&D that is contributing to the new technology development is adding to the global wireless mesh network market growth in the region. Besides, the growing need for advanced security and safety systems is also adding market growth.
APAC to Have Fastest Growth in the Market
In the APAC region, the global wireless mesh network market is predicted to grow at the fastest pace over the forecast period. The growing proliferation of smart home technologies and home automation, increased bandwidth capacity and low infrastructure costs provided by this network, and increasing deployment for smart city services like public Wi-Fi, smart streetlights, smart gas, and utility meters, are adding to the global wireless mesh network market growth in the region. India and China have a maximum share in the market for the growing low-power high-range WANs (wide area networks).
The wireless mesh network market is fragmented with the presence of several top industry players. These leading market players are coming up with innovative products to suffice the burgeoning needs of consumers. They are also entering new markets, especially in developing regions, for strengthening their market presence and expanding their customer base.
|Market Size||USD 8.50 Billion (2019-2025)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, Mesh Design|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Cisco Systems, Inc. (the US), Qualcomm Technologies, Inc. (the US), ABB (Switzerland), Ruckus Networks (US), Qorvo, Inc. (the US), Hewlett Packard Enterprise Development LP (US), Wirepas Ltd (Finland), Synapse Wireless (US), Rajant Corporation (US), Cambium Networks, Ltd.(US), Strix Systems (India), Firetide, Inc.(the US), Filament (US), Fluidmesh Networks LLC (US), and Veniam (US).|
|Key Market Opportunities||The growing adoption of the internet of things (IoT) technology for smart city environments and smart homes may offer robust opportunities to market players in the upcoming years.|
|Key Market Drivers||Qualcomm Technologies, Inc. and Cambium Networks, Ltd are the key players capitalizing on the market.|
Frequently Asked Questions (FAQ) :
The global wireless mesh network market will be gaining a valuation of USD 8.50 billion by 2025.
The market’s CAGR is calculated to be 7.3%.
The global wireless mesh network market is going to reap during the years of 2019–2025.
Qualcomm Technologies, Inc. and Cambium Networks, Ltd are the key players capitalizing on the market.
North America is dominating the global wireless mesh network market for the presence of early adopters of the latest technology.
Persuasion of a better life is getting pervaded by the advancing technologies. Digitalization is the latest outcome of that, which has not only provided us with a simpler life but enriched it with the finest care as well. The process includes better network among gadgets to enable effective communication. The demand for such has increased multifold with the percolation of the IoT in every sphere of life. However, the communication has to be without hindrance. That is where comes in wireless mesh technology by trumping wi-fi technology. The system has multiple access points and acts like a chain. If one fails, the other continue to provide effective service. The global wireless mesh network market is banking on this important feature and can attain a valuation of USD 12,130 million during the forecast period (2018-2026). Market Research Future (MRFR) claims that in the process, wireless mesh network market can achieve an impressive CAGR of 15.13% over the assessment period.
Among the factors impacting the wireless mesh network market various enterprises can act like a catalyst. Wireless mess network can ensure smooth, trouble-free communication in a cost-effective way by securing the shortest path. At the same time, intelligent transport system requires backing of the technology for real-time data to avoid any accidents. These sectors can substantially boost the wireless mesh network market.
However, growth of the wireless mesh network market can be impeded by fluctuating throughout which can increase traffic congestion, thus, prolonging, communication process. On the other hand, revamped system integrators can challenge the problem by launching suitable algorithms and protocols as counter measure. This can take the wireless mesh network market out of any long-time slacking.
Component-wise, the wireless mesh network market includes mesh platforms, services, and physical appliances. Services segment is in the charge of the market and can be sub-segmented into network analytics, network planning, network security, deployment & provisioning, network optimization, network consulting, and support & maintenance.
On the basis of radio frequency, the wireless mesh network market comprises 5 GHz band, 4.9 GHz band, 2.4 GHz band, and sub 1 GHz band. 2.4 GHz will contribute the maximum to the market owing to its heavy reliance by consumers and industries.
Based on mesh design, the wireless mesh network market includes ad-hoc mesh and infrastructure wireless mesh. Infrastructure wireless mesh segment fetches the maximum revenue.
Application-based segmentation of the wireless mesh network market includes disaster management & public safety, border security, smart building & home automation, smart mobility, telecommunication, video streaming & surveillance, smart manufacturing, and others. disaster management & public safety has the maximum hold in the market.
Based on end-user, the wireless mesh network market includes education, government, transportation & logistics, mining, hospitality, healthcare, smart cities & smart warehouses, oil & gas, and others. Governments spend more than any other sector to provide public safety.
Geographic examination of the wireless mesh network market encapsulates North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA). The present market valuation of 2018 indicates that North America can have the control over the market in the coming years as well with Europe following closely. But the market will favor the APAC more and the region would grow with the fastest CAGR during the forecast period. In the process, it will surpass Europe’s market valuation.
Prominent players included in the report on the wireless mesh network market are Wirepass (Finland), Rajant Corporation (the U.S.), P2 Wireless Technologies (Hong Kong), Qualcomm (the U.S.), Synapse Wireless (the U.S.), Strix Systems (the U.S.), Ruckus Wireless (the U.S.), Unicom Systems (the U.S.), BelAir Networks, Inc. (Canada),Hewlett Packard Enterprises (the U.S.), Cambium Networks (the U.S.), Cisco Systems (the U.S.), Qorvo (the U.S.), Tropos Networks (the U.S.), ZIH Corp (the U.S.), Fluidmesh Network LLC (the U.S.), and General Dynamics Mission Systems, Inc. (the U.S.).
The global wireless mesh network consists of several global and regional players that are continuously evolving to enhance their market position. The companies are following partnership strategy by collaborating with service providers for accelerating the growth of their solutions. For instance, in March 2018, Qorvo collaborated with D-Link to create new Wi-Fi mesh network which would improve the Wi-Fi coverage. The players compete on basis of technology, efficiency, and reliability. Also, many companies are focusing to develop solutions for smart cities which is expected to create immense opportunities in the market during the forecast period.
Cisco, HPE, Qualcomm, Ruckus Wireless are some of the major companies in the wireless mesh network which compete on the basis of technology. The major players are expanding their geographical presence through partnership and acquisition. For instance, Rajant Corporation has partnered with Minerva which is a distributor of broadband wireless, wireless LAN, two-way radio and TETRA solutions, to distribute Rajant’s Kinetic Mesh wireless networks to companies in the Middle East and Africa region. Although international players are dominating the market, players such as Ruckus Wireless and Qorvo have prominent presence in the market. The major players may strengthen their presence worldwide through acquisition of local and regional players for expanding their services in those regions during the forecast period. The improvement of the global economic scenario combined with advancement in technology in the emerging economies is likely to fuel the market growth, thereby making it an ideal time to expand wireless mesh network market geographically and increase the global market share.
Cisco was the leading player in wireless mesh network market with a share of 15.86%. Cisco provides internet protocol-based networking solutions including switches, routers, wireless, network management interfaces and modules, optical networking, access points, outdoor and industrial access points among others. The company strongly focusses on partnership, and product development as its business strategy. For instance, Cisco partnered with Huawei to deploy the next generation of the Internet “Meshbox” that acts as a mesh networking hub. The company has been involved in R&D and innovation to ensure a strong market presence and a diverse product portfolio.
HPE held a market share of 15.01% in wireless mesh network in 2017. In 2015 HPE acquired Aruba Networks to expand its product portfolio in wireless networks. Aruba provides network infrastructure, access management, and mobility application solutions for mobile enterprise networks. Aruba has established “Smart Digital Partnerships” with various companies which will have transformative impact on the growth of the IoT in the market.
In 2017, Qualcomm held a share of 14.33% in wireless mesh network market. The company follows partnership strategy for creating revenue opportunities. For instance, in February 2018, Qualcomm signed technological partnership agreement with Fontech. Fontech will integrate its home Wi-Fi solution with the Qualcomm Mesh Networking Platform to help enable service providers and original equipment manufacturers (OEMs) to bring advanced mesh Wi-Fi systems to the market.
Ruckus Wireless captured a market share of 9.18% in 2017. The company focuses on product development as its organic growth strategy. The company launched Wi-Fi broadband access system which comprised of end-to-end managed, wireless broadband access (WBA) solution. It includes outdoor mesh AP’s and a new line of smart Wi-Fi backhaul systems and system-wide remote management.
In 2017 Qorvo had a market share of 7.02% in wireless mesh network. The company is continuously working towards improving its solutions, for instance, in January 2018 the company focused on expansion of distributed Wi-Fi solutions which increases the mesh performance and service quality for the operators.