Wireless mesh network market is expected to grow at a CAGR of 15.2% from 2018 to 2025
Wireless mesh network is connected to other multiple mesh nodes at the same time. The wireless mesh network offers advantages such as cost-effectiveness, adaptability, and expandability. The growth of the market is attributed to the growing adoption of IoT and smart devices. In addition, the growing demand for wireless communication systems and need for stable and secure networks is expected to drive the market.
On the basis of region, North America is estimated to be the largest market. The growth is attributed to the developed countries in North America, such as the U.S. and Canada with a high adoption rate of wireless mesh technologies. In addition, the emergence of new technologies such as software-as-a-service (SaaS), cloud networking, internet of things, virtualization, and network analytics also drive the growth of the North American wireless mesh network market.
Network consulting is estimated to hold the largest share of the global wireless mesh network market. Network consulting ensures network functionality and performance. Also, the network consulting service eliminates complexity and creates a simplified work environment.
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Video streaming and surveillance application segment are estimated to hold the largest share in the market. The growth is attributed to the increasing need for surveillance in public areas. In addition, increasing crime rates, growing smartphone applications, and compatibility with existing networks are the major growth drivers for the segment.
The key players in the wireless mesh network market include ABB, Aruba Networks, Cambium Networks, Firetide, Qorvo, and Qualcomm.
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In January 2018, Qualcomm expanded its mesh networking for smart homes with Cortana and Alexa Integration. The integration of Cortana and Qualcomm’s Aqstic audio codec technology is expected to make it easy to create voice-driven commands with smart home devices.