What Has Been The Historical And Current Growth Of The Mesh Gateway Market?
The mesh gateway market has seen considerable growth due to a variety of factors.
• In recent times, the mesh gateway industry has experienced rapid expansion. Its market value is expected to increase from $1.53 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%.
The historical growth is as a result of an increased desire for Internet of Things (IoT), a growing requirement for dependable and expandable communication networks, a surge in the adoption of mesh gateway in industrial automation, an uptick in the usage of smart home devices, and an increase in the manufacturing sector.
What are the Market Size and Expected Growth Rates for the Mesh Gateway Market?
The mesh gateway market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the mesh gateway market is projected to exhibit significant growth, surging to $3.00 billion in 2029 with a compound annual growth rate (CAGR) of 14.3%.
This growth during the forecast period can be attributed to factors such as the growing demand for better bandwidth, increased urbanization and infrastructure progression, greater investment in telecommunications infrastructure, a rising number of cyber threats, and the expanding utilization of mesh networks in healthcare facilities. Key trends in the forecast period comprise advancements in mesh networking, innovative applications of wireless mesh networking (WMN), developments in bluetooth and wi-fi mesh technology, and the integration of Low Power Wide Area Network (LPWAN) technology.
What Factors Are Driving Growth In The Mesh Gateway Market?
The escalation in cyber threats is anticipated to stimulate the mesh gateway market's growth. Cyber threats, which are nefarious attempts to harm, disrupt, or illicitly access computer systems, networks, or data, are on the rise. The upswing is attributed to numerous factors such as heightened digital transformation, remote working, vulnerabilities associated with the cloud, and insufficient cybersecurity consciousness. Mesh gateways heighten cybersecurity by fashioning decentralized, robust networks that disperse data traffic and diminish single points of failure. Case in point, in June 2022, the Anti-Phishing Working Group, an American non-profit industry association, revealed in their Phishing Activity Trends Report that there were 384,291 phishing attacks in March 2022, making up to a total of 1,025,968 phishing attacks captured in the first trimester of 2022. This is a considerable rise from the 888,585 phishing attacks monitored in the last trimester of 2021. Thus, the increase in cyber threats is fueling the growth of the mesh gateway market.
What Are The Key Segments Within The Global Mesh Gateway Market?
The mesh gateway market covered in this report is segmented –
1) By Type: Dual-Band Mesh Gateways, Single-Band Mesh Gateways, Tri-Band Mesh Gateways
2) By Component: Hardware, Software, Services
3) By Location Type: Indoor, Outdoor
4) By Application Type: Remote Monitoring, Asset Management And Tracking, Predictive Maintenance, Smart Grid Management, Supply Chain Management, Traffic Management, Other Application Types
5) By End-User Industry: Energy And Utilities, Agriculture, Manufacturing, Retail And Logistics, Transportation, Metals And Mining, Other End User Industries
Subsegments:
1) Dual-Band Mesh Gateways: Residential Applications, Small and Medium Enterprises (SMEs), Smart Home Connectivity, Gaming and Streaming
2) Single-Band Mesh Gateways: Entry-Level Home Networks, Rural and Remote Connectivity, IoT Device Integration, Budget-Friendly Solutions
3) Tri-Band Mesh Gateways: Large Residential Spaces, High-Density Commercial Spaces, Enterprise-Level Networks, Smart Cities and Public Wi-Fi Deployments
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How Are New Trends Impacting The Size Of The Mesh Gateway Market?
Leading organizations in the mesh gateway market are prioritizing the creation of unique products like wirepas gateways to increase connectivity and scalability within IoT applications. Wirepas gateways are networking devices that use Wirepas Mesh technology to enhance communication and connectivity in Internet of Things applications. They facilitate the creation of scalable, effective wireless networks. For instance, in January 2023, BlueUp, a manufacturer of Bluetooth Low Energy beacons located in Italy, introduced TinyGateway WiFi Wirepas. It's designed to make IoT's connectivity easier and more affordable by drastically cutting costs. This cutting-edge gateway is designed for Wirepas Mesh networks and utilizes the ESP32-S3 processor for added flexibility and cost-efficiency. Its small scale (7.5 x 7.5 x 2.5 cm) and low energy use (less than 1.5W) make it a perfect match for IoT applications. It also has a dual power supply option and a user-friendly web-based interface for straightforward setup and configuration.
Who Are the Key Players in the Mesh Gateway Market?
Major companies operating in the mesh gateway market are include:
• Siemens AG
• Xiaomi Corporation
• Schneider Electric SE
• Honeywell International Inc.
• Eaton Corporation PLC
• ZTE Corporation
• Emerson Electric Co.
• TP-Link Technologies Co. Ltd.
• Advantech Co. Ltd.
• Weidmüller Interface GmbH & Co. KG
• Teltonika Networks UAB
• HashiCorp Inc.
• ZyXEL Communications Corp.
• Wirepas Oy
• Dryad Networks GmbH
• Guangzhou HDL Automation Co. Ltd.
• AsiaRF Co. Ltd.
• Ackcio Pte Ltd.
• Hangzhou Dusun Electron Co. Ltd.
• RSAE Labs Inc.
• Istio Project
• BeaconTrax LLC
What are the Regional Insights into the Mesh Gateway Market?
Asia-Pacific was the largest region in the mesh gateway market in 2024. The regions covered in the mesh gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
