The global wireless mesh network market is highly competitive in nature with a large number of players operating in it worldwide, stated a new market intelligence study by Transparency Market Research. The increasing number of collaborations and mergers and acquisitions is projected to enhance the growth of the overall market in the next few years. The entry of new players and the expansion of the product portfolio are projected to enhance the competitive scenario of the market in the near future.

The growing demand for the bandwidth requirement and the rising adoption of smart connected devices are some of the key factors that are projected to accelerate the growth of the global wireless mesh network market in the next few years. In addition to this, the rising need for a stable and consistent network and the reduction in the cost of the connected devices are further estimated to enhance the overall growth of the market throughout the forecast period.

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On the other hand, the rising concerns related to privacy and data security is predicted to restrict the growth of the market in the near future. On the other hand, the rising adoption of the advanced networking technologies among SMES is likely to offer potential growth opportunities for the market players in the next few years.

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The global market for wireless mesh networks comprises five key regions: North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America was the largest contributor to the wireless mesh network market in 2015 owing to the high adoption of mesh networks in safety and security systems in the utilities and energy sectors. Worker safety regulations in the region mandate the use of critical communication systems and mesh networks form the backbone of this communication infrastructure.