Wireless Mesh Network Market To Hit Value .95 Billion By 2030 |Grand View Research, Inc.

Posted by Mrudula Anil Karmarkar on May 29th, 2023

The global wireless mesh network market size is expected to reach USD 15.95 billion by 2030, registering a CAGR of 8.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. In the Internet of Things (IoT) platforms, mesh networking is a viable method for managing device-to-device communication. With its assistance, IoT networks may operate more quickly and effectively without needing expensive gear or burning excessive electricity. The increasing adoption of wireless communication mediums and the usage of IoT and Artificial Intelligence (AI) have been major factors driving the global market growth. In addition, the growing opportunities in the oil & gas industries and the development of smart cities & infrastructure have led to increased adoption of Wireless Mesh Networks (WMN).

The industry has been expanding owing to the rising demand for reliable, efficient network performance and the flexibility of WMNs to expand and improve performance. Furthermore, rising mobile device adoption and mobile device penetration both contribute to the expansion of this industry. In addition, the growth is aided by the rising demand for WMNs from small- and medium-sized businesses. Environmental monitoring and precision agriculture are two areas where WMNs are gaining prominence. The farming sector uses automation and technology to boost profitability and cut operating costs. The use of sensors in fields, tractors, and vineyards for monitoring and managing farm operations has recently encouraged the expansion of the WMN industry, resulting in improved crop output and less resource waste.

The use of high-frequency WMNs for precision farming and tractor automation has increased the demand for these networks. Low-frequency WMNs using sensor networks are utilized for environmental condition monitoring. Technological innovations are being possible as IoT sensors and smartphones are integrated into a seamless wireless network. Mesh connectivity, in particular, will reduce the strain on the healthcare communications system, enhance patient care, streamline processes, manage assets, and better use scarce resources. For instance, Wyld Networks has created a WMN solution to construct a decentralized communication network connecting smartphones and IoT sensors directly to one another and enhancing any existing Wi-Fi and 4G coverage.

The growth in the global market is attributed to the use of Artificial Intelligence (AI) and Internet of Things (IoT) technology. The increasing usage of mobile and handset devices, as well as the employment of appropriate technology in mobile phones, drive the demand in this market. With the use of a user-friendly application, Wireless Mesh Networks (WMNs) may manage networks without the need for intermediaries. The development of smart cities and smart gadgets, with a focus on improving the manner of communication between government agencies and municipalities, is also fostering the expansion of the WMN industry.

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For instance, over the past ten years, Vancouver, Canada, where Orbis Mesh is situated, has gradually become increasingly connected. A million government grant for the creation of Canadian Smart Cities is evidence that the city is headed in a specific direction, whether it be via wireless bike sharing, smart parking meters, or free Wi-Fi throughout the entire city. Other industrial sectors, like oil and gas, chemicals, and mining, use WMNs to improve communication capabilities in remote locations. The popularity of WMNs among organizations has grown over the past few years as a result of their dependability and flexibility. It is made up of several wireless nodes joined to form a network. To provide redundancy and guarantee that there is always a conduit for data to flow, each node in the network can communicate with every other node in the network.

Wireless Mesh Network Market Report Highlights

• Mesh network has numerous applications in smart cities owing to the requirement for automation and high-technology wireless connectivity
• The growing internet and telephone connectivity primarily drive the industry owing to the increasing prominence of AI-based technologies
• North America dominated the global industry in 2022 and will remain dominant during the forecast period due to tremendous growth in WMN technology in the U.S. and Canada
• The durability and flexibility of WMNs have increased their appeal among businesses over the past few years
• Leading industry players are focusing on enhancing their product and service portfolios to tap into the global market

Scalability is one of the main benefits of WMNs. The COVID-19 pandemic had impacted almost every industry, and throughout the projected period, the long-term effects are anticipated to have an impact on industry growth. In the middle of a health and economic crisis, the COVID-19 pandemic forced enterprises to look for work-from-home standards, leading to a significant change in working patterns. Strong demand was seen for WMNs to simplify video surveillance in smart cities and many businesses. The post-pandemic forecast suggests that modern technologies, particularly the cloud, will become more widely used. Industry participants are gaining more traction by using WMNs to accelerate the implementation and modeling of business process applications, automate decision-making, and improve data quality.

List of Key Players in the Wireless Mesh Network Market

• Aruba Networks Inc.
• BelAir Network Inc.
• Cisco Systems, Inc.
• Firetide, Inc.
• Rajant Corp.
• Ruckus Wireless, Inc.
• Strix Wireless Systems Pvt. Ltd.
• Synapse Wireless, Inc.
• Tropos Networks, Inc.
• ZIH Corp