Global wireless mesh network market is anticipated to reach around $119.2 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
The rising demand for an efficient and reliable network performance, and the capability of wireless mesh network to expand dynamically and augment network performance, is boosting the growth of the wireless mesh network market. In addition to this, the increasing adoption of mobile devices and growing number of mobile-connected devices has further aided the market growth. Also, the high demand for wireless mesh network across small and medium enterprises further supports the market growth.
The growing investments in technological advancements along with the rising demands of wireless broadband services and the plunging costs of the connected devices would fuel the growth of wireless mesh network market during the forecast period. On the other hand, data privacy and security concerns would deter the market growth. The increasing demand from developing nations, and the surging acceptance of IOT and the smart grid applications will provide significant growth opportunities for the wireless mesh network market in the ensuing years.
The wireless mesh networks are extensively deployed in the fields of environmental monitoring and precision agriculture. The farming industry is embracing technology and automation to increase revenues and reduce the total expenses. The environmental conditional monitoring sensors makes use of Low frequency wireless mesh networks, while high frequency sensors are deployed on tractors and in the fields for precision agriculture, augmenting the wireless mesh network market size.
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In 2017, North America generated the highest revenue in the market and is expected to lead the global wireless mesh network market during the forecast period. The existence of established cloud and telecom infrastructure along with the increasing prevalence of IOT technology will drive the wireless mesh network in the region. The increasing demand for mobile devices and technological advancements in the region will further support regional market growth. The growing use of smart technologies in the sectors like energy, intelligent buildings, utilities, industrial automation, is further expected to support the market growth throughout the forecast period.
The renowned companies of wireless mesh network market include Qualcomm, Ruckus Wireless, Rajant Corporation, Aruba Networks, Cisco Systems, Strix Wireless Systems Pvt Ltd., Tropos Networks, Cambium Networks, Firetide, Inc., and Synapse Wireless.