Global Wireless Mesh Network Market to Rise to Revenue Opportunity of US$8.9 bn by 2024


Published Date : Jun 28, 2018

Albany, New York, June 28, 2018: A recent market research report added to MarketResearchReports.biz covers the global market for wireless mesh network at length. The report, titled “Wireless Mesh Network Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” states that the market will expand at an impressive pace over the forecast period, thanks to a vast rise in stringent worker and workplace safety regulations, across developed as well as developing economies.

According to the report, the global wireless mesh network market will expand at a promising 9.7% CAGR over the period between 2016 and 2024, in terms of volume, and rise to a valuation of 37.2 mn units by 2024, up from 13.3 mn units in 2016. The market is expected to rise to a revenue opportunity of US$8.9 bn by 2024 from US$3.9 bn in 2015.

The market is expected to benefit from the rising awareness regarding the use of wireless mesh networks as an economical solution for improving the efficiency of wireless communications across a number of industry verticals. The increased deployment of wireless mesh networks in public safety infrastructure is also leading to the steady expansion of the global wireless mesh networks market. The market is also expected to experience steady growth in its adoption and valuation in the next few years as industries, where worker safety is a critical concern, become proactive regarding the uptake of these networks.

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The report covers the global wireless mesh network market based on criteria such as radio frequency band, application, and geography. From the perspective of application, the market has been covered for segments such as healthcare, education, government, oil and gas, hospitality, mining, utilities, logistics, and energy. It is estimated that of these application segments the segments of oil and gas and mining are presently the leading contributors of revenue to the global market. The stringent workplace safety rules that these industries need to abide to are key to the high adoption of wireless mesh networks in these industries.

From a geographical standpoint, the market has been examined for countries in region such as Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Presently, the market in Asia Pacific offers the most lucrative growth opportunities and the regional market is also expected to surpass other regional markets in terms of growth pace over the forecast period, registering an impressive 13.7% CAGR from 2016 to 2024.

Some of the leading companies operating in the global wireless mesh network market are Zebra Technologies, SCAN RF Projects, Rajant Corporation, Fluidmesh Networks LLC, Concentris Systems LLC, Cisco Systems, Firetide Inc., P2 Wireless Technologies, Cambium Networks, Aruba Networks Inc., ABB Wireless, Qorvus Systems Inc., Synapse Wireless Inc., and General Dynamics Mission Systems, Inc.

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