Wireless Mesh Network Market Size

Wireless Mesh Network Market size is anticipated to cross USD 54.41 Billion by the end of 2035, witnessing around 16.8% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of wireless mesh network was around USD 8.44 billion. There is a growing demand for low-power wide area networking (LPWAN) solutions, high bandwidth requirements, and network performance improvements driving the growth of wireless mesh networks. The reliability of low-power LPWAN technology is contributing to its increasing popularity. This technology is ideal for IoT applications, as it can provide reliable communication over a wide area with minimal power consumption.

As information communication technology becomes increasingly important and pervasive in our lives, there is a need to manage the amount of bandwidth available on wireless networks. This is to ensure optimal performance and user experience. Network bandwidth management solutions provide the necessary tools and resources to ensure that this is done effectively, and this is expected to drive the wireless mesh network market.

Frequently Asked Questions (FAQ)

Increasing demand for reliable and robust wireless connectivity, and the growing popularity of the Internet of Things (IoT) are the major factors driving market growth.

The market size of wireless mesh networks is anticipated to attain a CAGR of ~16.80% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Cisco Systems Inc, ABB Ltd, Hewlett Packard Enterprise Development LP, ZTE Corporation, Nortel Networks Corporation, Huawei Technologies Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, radio frequency, application, end user, and by region.

The disaster management segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

High installation costs, security threats, and limited bandwidth are the challenges affecting the market growth.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Wireless Mesh Network Market Size