The need for effective wireless communication networks has significantly augmented the demand for wireless mesh network across the world. Wireless mesh networks are cost-effective and enable a hassle-free communication infrastructure set up. Companies operating in the global wireless mesh network market are collaborating with niche vendors for providing better facilities to consumers. This is also expected to extensively intensify the competition among the players in the global wireless mesh network market. Moreover, mergers and collaborations by leading companies are also anticipated to positively impact the development of newer products and help in the improvement of sales channels.
According to a report added to the Market Research Reports Search Engine (MRRSE) repository, the global wireless mesh network market is expected to witness significant growth between 2016 and 2024. Wireless mesh networks can easily be deployed in public infrastructure for safety purposes as they comprise radio nodes organized in a proper mesh topology. Players operating in the global wireless mesh network market can make the most of the opportunities expected to arise from the deployment of wireless mesh networks in government projects.
In spite of the low price of wireless mesh networks the large-scale implementation of wireless mesh networks in significant government projects is anticipated to boost the growth of the global wireless mesh network market over the next few years.
To enhance consumer experience, the leading players operating in the global wireless mesh network market are further focusing on innovating the services being provided by them. The companies in the global wireless mesh market are Rajant Corporation, SCAN RF Projects, Cambium Networks, Cisco Systems, ABB (Tropos Networks Inc.), Concentric Systems LLC, Firetide Inc., and Synapse Wireless Inc. among others.
Developing Regions to Provide Lucrative Growth Opportunities
The burgeoning infrastructure in developing economies such as Asia Pacific, the Middle East, and Latin America is one of the prime factors influencing the large-scale adoption of wireless mesh networks in these regions. These regions are anticipated to provide a lucrative market to new entrants in terms of availability of resellers, service providers, and distributors and henceforth gain a stable position in the market.
Asia Pacific is expected to emerge as the prime region in terms of growth in the global wireless mesh network market owing to the robust development of infrastructure and the approval of new smart city projects. Moreover, initiatives by government and non-government bodies such as the deployment of smart meters for accurate analysis of gas and electricity used and enhanced transfer of data is an opportunity on which vendors operating in the wireless mesh network market in Asia Pacific can capitalize on.
Oil and Gas and Mining Industries to Emerge as Leading End Users
Wireless mesh networks have application in various sectors such as mining, hospitality, government, healthcare, education, oil and gas, and utilities. Out of these, the application of wireless mesh networks is significantly high in the oil and gas and mining sectors due to stringent regulations and enforcement of various worker safety guidelines. The growth of the oil and gas and mining industries in the Middle East and Africa, North America, Latin America are expected to bode well for the mass adoption of wireless mesh networks in the coming years
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The demand for wireless mesh networks from various industry verticals as a mean of a cost-effective solution for safe and quick data transfer and to maintain government imposed standards is likely to boost the growth of the global wireless mesh market until 2024.