USD 5.44 Billion
Report ID: SQSG45H2007 | Region: Global | Published Date: December, 2022 | Pages: 157
The Global Wireless Mesh Network Market was valued at USD 5.44 Billion in 2021, and it is expected to reach a value of USD 13.08 Billion by 2028, at a CAGR of 13.35 % over the forecast period (2022 - 2028).
The Global Wireless Mesh Network is driven by Artificial intelligence, which is largely driven by the expanding internet and telephone connection. The market is also being propelled ahead by growing demand for sophisticated street lighting infrastructure that modulates light intensity for use. The oil and gas, mining, and chemical sectors are all benefiting from the rising usage of wireless mesh networks. The video surveillance segment is the most popular application in the business, and it is expected to remain so in the forecast period of 2022-2027.
Global Market Size
USD 5.44 Billion
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The Global Wireless Mesh Network Market is segmented based on Component, Service, and Region. Based on the Component, the market is segmented as Physical Appliances, Mesh Platforms, and Services. Based on the Services, the global market is segmented as Deployment and Provisioning, Network Planning, Network Security, Network Analytics, Support and Maintenance, Network Testing, Network Consulting, and Network Optimization. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Component
Physical appliances, which include mesh routers, switches, access points, and controllers, account for a substantial portion of the industry. Mesh routers are used to replace traditional routers in mesh networks and offer a dynamic policy-based application channel between heterogeneous devices.
Some wireless mesh network vendors provide a platform and technology-based solutions for converting mesh nodes into routers and access points. Every network node serves as both a receiver and a transmitter of data. If a node fails, the connected node searches for a new node to join, lowering the likelihood of the network failing, and boosting the Wireless Mesh Network Market's development.
Analysis by Service
Deployment and Provisioning, Network Planning, Network Security, Network Analytics, Support and Maintenance, Network Testing, Network Consulting, and Network Optimization are the different segments of the market. Increasing demand for smart street lighting infrastructure that controls the density of lights for favorable services and protects civilians from terrorism and assassination with the help of video surveillance, due to an increase in the use of artificial intelligence, which boosts the market growth of the Wireless Mesh Network Market.
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The global wireless mesh network market is segmented by region and examines development opportunities and current trends in Europe, North America, Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). The early adoption of new advanced technologies, the desire for the finest wireless mesh local network, and the advent of new breakthroughs such as cloud networking, virtualization, network analytics, IoT, and SaaS enable consumers and companies to embrace this connection to produce premium and durable connectivity, and the presence of well-established and viable financial systems that assist them are among the elements that led to this expansion.
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The Global Wireless Mesh Network market is highly fragmented, despite the presence of numerous large industry participants. These industry leaders are always producing new and innovative products to fulfill their clients' ever-increasing expectations. In order to improve their market position and recruit new clients, they are also expanding their client base by entering new regions, notably in emerging nations.
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According to our Global Wireless Mesh Network Market Analysis, the element driving market expansion is smart street lighting infrastructure, which is utilized to increase the connection of mobile phones and portable devices with artificial intelligence, adjust light density for beneficial reasons, and safeguard citizens from assassination and terrorism via video surveillance. In the Wireless Mesh Network Market, there is a growing need for structures. The market is constrained by the enhanced communication opportunities provided by wireless mesh networks in the oil and gas, mining, and chemical industries, as well as the distortions caused by high installation prices. With the advancement of infrastructure and smart cities, the WMN technique is becoming more widely recognized as a viable option.
|Market size value in 2021||USD 5.44 Billion|
|Market size value in 2028||USD 13.08 Billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Wireless Mesh Network Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wireless Mesh Network Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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