Sarasota, FL -- (SBWIRE) -- 08/07/2018 -- Zion Market Research has published a new report titled "Global Wireless Mesh Network Market by Mesh Design (Infrastructure Wireless Mesh and Ad-Hoc mesh), by Radio Frequency (Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, and 5 GHz Band), for Application (Oil & Gas Industry, Video Streaming and Surveillance, Disaster Management and Public Safety, Smart Mobility, and Others) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024". According to the report, global wireless mesh network market was valued at USD 3.84 billion in 2017 and is expected to reach around USD 9.08 billion by 2024, growing at a CAGR of around 13.1% between 2017 and 2024.

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Wireless mesh network (WMN) is considered as a promising solution which offers low-cost access to broadband services. WMN is characterized by self-configuration, dynamic self-organization, and self-healing to enable flexible integration, easy maintenance, quick deployment, and low cost, which is used for improving the performance of multi-hop ad-hoc networks. The 2.4 GHz holds the maximum demand owing to its increased use for the Wi-Fi applications across the globe.

The primary factors that help to drive the wireless mesh network market are the cost-effectiveness and service maintenance of the product. The other factor that drives the market is the rapid demand for the bandwidth requirement. The demand for 2.4 GHz band continues to be the most profitable radio frequency band segment. Favorable government initiatives for the increased adoption of the Internet of Things (IoT), development of the smart cities in the emerging economies, and the enhanced security policies that are applicable for the worker's safety in the oil and gas industry are the major factors driving the growth of the wireless mesh network market. However, the data security and privacy are the key factors which hinder the growth of the wireless mesh network market.

There are many players in the market who provide wireless mesh network. These players have adopted advanced technologies along with strategies like partnerships, agreements, new product launches, and business expansions to influence the demand for the wireless mesh network. The Ad-Hoc mesh design is expected to hold the largest market share in the forecasted period. It is a peer to peer network where end stations function as a routing nodes. Infrastructure wireless mesh networks are also expected to hold the largest market share in the wireless mesh network market. The adoption of the infrastructure wireless mesh networks is increasing rapidly due to wireless backhaul and wide area networks among wired access points and wireless routers.

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Wireless mesh network market is fragmented into mesh design which includes infrastructure wireless mesh and ad-hoc mesh. The WMN market is further divided on the basis of radio frequency into Sub 1 GHz Band, 2.4 GHz Band, 4.9 GHz Band, and 5 GHz Band. By application, the market is divided into the oil & gas industry, video streaming and surveillance, disaster management and public safety, smart mobility, and others. Region wise the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America remains the single largest market for wireless mesh networks. It has adopted the security surveillance on high levels and excellent demand for the mission-critical applications has contributed to the major growth of the market in the region. Due to this opportunity, North America has taken advantage by implementing strategies such as new product launches and merger acquisitions. Due to the adoption of the new technologies, APAC is also expected to register growth in the wireless mesh network market.

Key players in air quality monitoring market include; Cisco Systems, Qualcomm, Aruba Networks, Wirepas, Synapse Wireless, ABB, Strix Systems, Rajant Corporation, Qorvo, Cambium Networks, Ruckus Wireless, and Firetide.

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The report segments wireless mesh network market into:

Wireless Mesh Networks Market: Mesh Design Segment Analysis

Infrastructure Wireless Mesh
Ad-Hoc Mesh

Wireless Mesh Networks Market: Radio Frequency Analysis

Sub 1 GHz Band
2.4 GHz Band
4.9 GHz Band
5 GHz Band