PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511281
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1511281
According to Stratistics MRC, the Global Wireless Mesh Network Market is accounted for $9.9 billion in 2024 and is expected to reach $23.9 billion by 2030 growing at a CAGR of 15.8% during the forecast period. A wireless mesh network is a decentralized communication system where each device, known as a node, collaboratively extends network coverage. Unlike traditional networks with centralized access points, mesh networks enable devices to relay data, forming a dynamic web of connections. Nodes communicate directly with nearby devices or indirectly through intermediate nodes, enhancing resilience and scalability.
According to Ericsson, 5G fixed wireless access (FWA) connections are expected to reach 236 million globally by 2028. In 2022, 5G FWA connections globally reached 19.23 million.
Increasing demand for smart connected devices
Smart connected devices are a key component of the Internet of Things (IoT) ecosystem. As more IoT devices are deployed in various sectors such as smart homes, industrial automation, healthcare, and transportation, the demand for reliable and scalable connectivity solutions like wireless mesh network grows exponentially. Wireless mesh network offer advantages such as self-organization, self-healing, and flexibility, making them ideal for supporting the diverse requirements of IoT deployments. Additionally, partnerships and collaborations between wireless mesh network providers and IoT device manufacturers can drive market expansion and foster the development of integrated solutions that offer seamless connectivity and enhanced functionality.
Limited range and throughput
The limited range of WMNs can restrict their deployment in large-scale environments such as smart cities, industrial complexes, or rural areas where extensive coverage is required. Organizations may hesitate to invest in wireless mesh network solutions if they cannot effectively cover their entire operational area without deploying an excessive number of nodes, which can increase costs and complexity. As a result, businesses may be reluctant to adopt wireless mesh networks for mission-critical applications or real-time communication needs.
Growing need for network bandwidth management
The growing need for network bandwidth management fosters integration between wireless mesh network and network management solutions. This integration allows for centralized monitoring, configuration, and optimization of wireless mesh network deployments, enhancing overall network performance and reliability. Network management platforms that provide granular control over bandwidth allocation and traffic policies become essential tools for organizations seeking to optimize their network resources effectively.
Complexity of network management
Complex network management often requires specialized expertise and resources, leading to higher deployment costs for wireless mesh network. Organizations may need to invest in training for IT personnel or hire external consultants to manage and maintain the network effectively. The perceived high cost of implementation and management could deter potential adopters from investing in wireless mesh network solutions, especially for small and medium-sized businesses with limited budgets thus hampering the growth of the market.
Covid-19 Impact
The increased demand for remote work, virtual collaboration, and digital connectivity has spurred interest in resilient and scalable networking solutions like wireless mesh network, especially in industries such as healthcare, education, and remote monitoring. However, supply chain disruptions, project delays, and budget constraints have slowed down the adoption of wireless mesh network deployments in some sectors. Additionally, the economic uncertainty caused by the pandemic has led organizations to reassess their investment priorities, potentially delaying or scaling back infrastructure projects, including wireless mesh network implementations.
The infrastructure wireless mesh segment is expected to be the largest during the forecast period
The infrastructure wireless mesh segment is estimated to have a lucrative growth, owing to the scalability and reliability of WMNs depends heavily on the underlying infrastructure. Well-designed infrastructure can support large-scale deployments with hundreds or thousands of nodes, while maintaining robust connectivity and efficient data routing. Scalable and reliable WMN infrastructure is essential for addressing the evolving connectivity needs of industries such as smart cities, transportation, utilities, and public safety, driving market growth in these sectors.
The home networking segment is expected to have the highest CAGR during the forecast period
The home networking segment is anticipated to witness the highest CAGR growth during the forecast period, owing to the popularity of smart home devices such as smart thermostats, security cameras, and voice assistants further fuels the need for robust home networking solutions. Mesh Wi-Fi systems not only provide seamless connectivity for these devices but also support bandwidth-intensive applications like streaming 4K video and online gaming. As the number of smart home devices continues to grow, so does the market for WMNs in the residential sector.
Asia Pacific is projected to hold the largest market share during the forecast period as many countries in the APAC region have launched government initiatives and funding programs to promote the deployment of digital infrastructure and broadband connectivity. These initiatives often include investments in wireless networking technologies like WMNs to bridge the digital divide, improve access to education and healthcare, and stimulate economic growth.
North America is projected to have the highest CAGR over the forecast period, with increasing concerns about public safety and security, there is a growing demand for surveillance and security solutions in North America. WMNs are well-suited for deploying video surveillance cameras, access control systems, and perimeter security solutions in urban areas, transportation hubs, and critical infrastructure facilities. The decentralized architecture of WMNs enhances security by eliminating single points of failure and providing redundant communication paths
Key players in the market
Some of the key players in the Wireless Mesh Network Market include BelAir Network Inc., Aruba Networks, Inc., Firetide, Inc., Cisco Systems, Inc., Ruckus Wireless, Inc., Synapse Wireless, Inc., Strix Wireless Systems Private Ltd., ZIH Corp., Tropos Networks, Inc., Rajant Corp., Qualcomm Incorporated, Wirepas Ltd, ABB Ltd, Qorvo, In, Cambium Networks, Motorola Solutions Inc., Unicom Systems and Brocade
In January 2024, Sony Corporation has reached an agreement with World Athletics for sponsorship of their World Athletics Series events from 2024 to 2026. Based on this sponsorship, Sony will support all World Athletics Series events from the World Athletics Indoor Championships Glasgow 24, which will start on March 1st of this year.
In January 2024, Sony Corporation announced development of an immersive spatial content creation system, which includes an XR head-mounted display equipped with high-quality 4K OLED Microdisplays*2.
In January 2024, TikTok owner ByteDance looks to expand in US, Canada and Australia amid rising competition and political headwinds. ByteDance is also transferring existing employees from other regions to some of the new locations.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.