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Wireless Mesh Network Market Size Grow with a CAGR of ~16.80% and attain ~USD 54.41 Billion by 2035

Global Wireless Mesh Network Market

Research Nester’s recent market research analysis on “Wireless Mesh Network Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global wireless mesh network market in terms of market segmentation by component, radio frequency, application, end user and by region.

The global wireless mesh network market is estimated to grow majorly on account of the increasing demand for connected devices and smart gadgets that rely on the wireless mesh network to transmit data and connect to the internet. This is due to the development of innovative and cost-effective wireless technologies, such as low-power wide-area networks (LPWANs), that make it easier and more cost-effective for businesses to deploy wireless mesh networks. Furthermore, faster data speeds, better coverage, and more reliable connections are expected to increase the demand for wireless mesh networks even further.

Some of the major growth factors and challenges that are associated with the growth of the global wireless mesh network market are:

Growth Drivers:

  • Rising demand for reliable and fast wireless communication in houses, businesses, and industrial setups for automation
  • Increasing demand for IoT-enabled devices and the use of wireless mesh network technology in autonomous vehicles to monitor the traffic

Challenges:

High installation and maintenance costs, as well as limited scalability, are two of the major factors that could potentially limit the growth of the wireless mesh network market. Additionally, the lack of unified standards, as well as security and privacy issues, could also cause a slowdown in the global market size.

Home networking, video surveillance, disaster management, medical device connectivity, and traffic management are the primary applications of wireless mesh networks. A significant CAGR is forecast for the disaster management segment by the end of 2035 owing to the increase in natural disasters, such as floods, hurricanes, and earthquakes, which has created a need for efficient disaster management systems. Wireless mesh networks provide a reliable, secure, and cost-effective way to quickly deploy and manage a communication infrastructure in a disaster-affected area. This allows emergency responders to quickly collect and share information, coordinate operations, and provide assistance to those affected by the disaster.

By region, the North American wireless mesh network market is to generate the highest revenue by the end of 2035. This growth is anticipated by the increase in the number of smart cities and IoT devices in the region due to the high acceptance of advanced technologies. Companies in the region are focusing on developing new solutions to leverage the advantages of wireless mesh networks and governments are investing heavily in the infrastructure required for the technology. The U.S. is the largest contributor to the market, followed by Canada and Mexico. Furthermore, the increasing demand for Wi-Fi-enabled devices and the increasing demand for better connectivity are driving the growth of the market in the region.

This report also provides the existing competitive scenario of some of the key players of Cisco Systems Inc, ABB Ltd, Hewlett Packard Enterprise Development LP, ZTE Corporation, Nortel Networks Corporation

Huawei Technologies Co., Ltd., Aruba Networks, Inc., BelAir Network Inc., Firetide, Inc., Rajant Corp.

Source:

 https://www.researchnester.com/reports/wireless-mesh-network-market/5024

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