Global Wireless Mesh Network Market: Emerging Economies Making Asia Pacific Most Lucrative Region, says TMR

The global wireless mesh network market is highly competitive in nature, with leading companies constantly striving to gain market share via innovative products, enhanced services, and aggressive marketing. Moreover, these companies strategically indulge into mergers, partnerships, and acquisitions with niche vendors and other strong contenders to maintain their stronghold over the market. For example, ABB recently acquired Tropos Networks to develop their new prototypes with their own technology. According to the Transparency Market Research (TMR) report, global wireless mesh network market had a volume of 13.3 mn units in 2015, and it will increase to 37.2 mn units by 2024. In terms of revenue, the TMR report evaluates that the opportunities in this market were worth US$3.9 bn in 2015, which will reach US$8.9 bn by the end of 2024, rising at a significant CAGR of 9.7%.

Wi-Fi Applications Sustaining 2.4 GHz Band Segment

The TMR report segments the global wireless mesh network on the basis of radio frequency band, application, and geography. By radio frequency, the market is categorized into sub 1 GHz band, 2.4 GHz band, 4.9 GHz band, and 5 GHz band. Out of these, the segment of 2.4 GHz band serves the maximum demand as it is commonly used for Wi-Fi applications across the globe. The demand for the Internet is expected to escalate exponentially over the course of next few years due to extreme popularity of social media and e-commerce. Concurrently, the demand for 2.4 GHz band will continue to be most profitable radio frequency band segment.

wireless mesh network market

By application, the report segments the global wireless mesh network market into hospitality, government, logistics, mining, education, health care, and others including utilities, oil and gas, and energy sectors. Currently, major portion of the revenue is generated from the oil and gas, utilities, and energy sectors, wherein several worker safety rules has enforced companies to install wireless mesh network based security applications. Geographically, the report studies the lucrativeness of the regional markets of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America currently serves the maximum demand, utilizing it mostly for safety and security systems. Significant research and development regarding Internet of things (IoT) is underway in the U.S., which is another factor that is reflecting on flourishing North America market for wireless mesh network. Europe is the second most lucrative region, although Asia Pacific is projected for the most prominent growth rate due to growing demand from vast populations. Several governments in this region is focusing on improving public safety and communication networks. Additionally, Asia Pacific countries such as India, China, and Japan have a swelling number of smart city projects with the requirement of robust and technologically advanced security systems.

Cost-effectiveness Encouraging Uptake

Cost-effectiveness of the products and service maintenance is the most prominent driver in the global wireless mesh network market, which is encouraging even the middle class communities to adopt it. Some of the other factors favoring the growth rate are government initiatives for enhanced security, growing adoption of the Internet of things, development of smart cities in emerging economies, and regulatory pertaining to worker safety in the oil and gas industry.

According to the author of the report, “Emerging economies, with vast populations and hence huge unmet demand, offer opportunities for the new entrants, wherein they can make the most of the availability of distributors, service providers, and resellers to develop a considerable position in the wireless mesh network market.”

The information presented in this review is based on a Transparency Market Research report, titled, “Wireless Mesh Network Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”

Key Segments of the Global Wireless Mesh Network Market

By Radio Frequency Band

  • Sub 1 GHz Band
  • 4 GHz Band
  • 9 GHz Band
  • 5 GHz Band

By Application

  • Hospitality
  • Government
  • Logistics
  • Mining
  • Education
  • Health Care
  • Others

By Geography

  • North America
    • U.S.
    • Rest of NA
  • Europe
    • EU7
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • China
      • Taiwan
      • Hong Kong
      • Rest of China
    • South Asia
      • India
      • Pakistan
      • Bangladesh
      • Sri Lanka
      • Indonesia
      • Malaysia
      • Thailand
      • Vietnam
      • Myanmar
      • Philippines
      • Singapore
      • Rest of South Asia
    • Australasia
      • Australia
      • New Zealand
      • Guinea
    • Rest of APAC
  • Middle East and Africa
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Rest of Latin America

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