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What Is the Expected Market Growth Rate for the Mesh Gateway Market?
The mesh gateway market size has grown rapidly in recent years. It will grow from $1.53 billion in 2024 to $1.74 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to increasing demand for internet of things (IoT), rising need for reliable and scalable communication networks, rising adoption of mesh gateway in industrial automation, increasing adoption of smart home devices, and rise in the manufacturing sector.
The mesh gateway market size is expected to see rapid growth in the next few years. It will grow to $2.92 billion in 2029 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to the rising need for improved bandwidth, rising urbanization, and infrastructure development, rising investment in telecommunications infrastructure, increasing number of cyber threats, and growing adoption of mesh networks in healthcare facilities. Major trends in the forecast period include advancements in mesh networking, innovation with wireless mesh networking (WMN), bluetooth mesh, wi-fi mesh technology, and integrating wide-area network (LPWAN) technology.
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Which Major Growth Factors Are Shaping the Mesh Gateway Market?
The increasing number of cyber threats is expected to propel the growth of the mesh gateway market going forward. Cyber threats are malicious attempts to damage, disrupt, or gain unauthorized access to computer systems, networks, or data. Cyber threats are rising for several reasons, including increased digital transformation, remote work, cloud vulnerabilities, and a lack of cybersecurity awareness. Mesh gateways enhance cybersecurity by creating decentralized, resilient networks that distribute data traffic and reduce single points of failure. For instance, in June 2022, according to the Phishing Activity Trends Report released by the Anti-Phishing Working Group, a US-based non-profit industry association, there were 384,291 phishing attacks in March 2022, contributing to a total of 1,025,968 phishing attacks documented in the first quarter of 2022. This represents a significant increase compared to the 888,585 phishing attacks recorded in the fourth quarter of 2021. Therefore, the increasing number of cyber threats is driving the growth of the mesh gateway market.
What Are the Emerging Segments in the Mesh Gateway Market?
The mesh gatewaymarket 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
How Are Current Trends Influencing the Mesh Gateway Market Growth?
Major companies operating in the mesh gateway market are focusing on developing innovative products, such as wirepas gateways to enhance connectivity and scalability for IoT applications. Wirepas gateways refer to network devices that facilitate communication and connectivity in IoT applications by leveraging Wirepas Mesh technology, enabling scalable and efficient wireless networks. For instance, in January 2023, BlueUp, an Italy-based manufacturer of Bluetooth Low Energy beacons, launched TinyGateway WiFi Wirepas, which aims to make Internet of Things connectivity more accessible by significantly reducing costs. It is a groundbreaking gateway for Wirepas Mesh networks, utilizing the ESP32-S3 processor for enhanced flexibility and affordability. Its compact design (7.5 x 7.5 x 2.5 cm) and low power consumption (under 1.5W) make it an ideal solution for IoT applications. Installation and configuration are hassle-free, with dual power supply options and an intuitive web-based interface.
Which Companies Hold the Largest Share in the Mesh Gateway Market?
Major companies operating in the mesh gateway market are 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
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Which Regions Are Driving the Most Demand in 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.
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