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      Mesh Gateway Market worth $2.2 billion by 2029 - Exclusive Report by MarketsandMarkets™


      News provided by

      MarketsandMarkets

      16 Jul, 2024, 14:01 GMT

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      CHICAGO, July 16, 2024 /PRNewswire/ -- The Mesh Gateway Market size is expected to be USD 1.3 billion in 2024 and reach USD 2.2 billion by 2029, with a CAGR of 11.5% between 2024 and 2029 according to a new report by MarketsandMarkets™. The increasing internet penetration is expected to fuel the growth of the mesh gateway market. With the increase in connected devices in homes and industrial setups, the demand for reliable and scalable network infrastructure is increasing. As traditional wireless networking systems have drawbacks like network drop, deploying mesh gateways is expected to increase in homes and industrial setups. The market for mesh gateways is also expected to grow during the forecast period.

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      Download PDF Brochure:
       https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907

      Browse in-depth TOC on "Mesh Gateway Market" 

      159 – Tables
      58 – Figures
      195 – Pages

      Mesh Gateway Market Report Scope:

      Report Coverage

      Details

      Market Revenue in 2024

      $ 1.3 billion

      Estimated Value by 2029

      $ 2.2 billion

      Growth Rate

      Poised to grow at a CAGR of 11.5%

      Market Size Available for

      2020–2029

      Forecast Period

      2024–2029

      Forecast Units

      Value (USD Million/Billion)

      Report Coverage

      Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

      Segments Covered

      By Offering, Location Type, Application, End User Industry, and Region

      Geographies Covered

      North America, Europe, Asia Pacific, and Rest of World

      Key Market Challenge

      Data Security and privacy concerns

      Key Market Opportunities

      Increasing adoption of mesh gateways in SMEs

      Key Market Drivers

      Rise in industrial automation

      Energy & utility end-user industry to account for the significant growth of mesh gateway market between 2024 and 2029.

      The energy and utilities end-use industry consists of a wide range of applications, like production, transmission, distribution, and energy consumption resources such as electricity, natural gas, and water. In the energy and utility industry, reliable and flexible communication is essential for remote monitoring and management of energy resources. Mesh gateway technology plays a crucial role in providing this communication by creating interconnected networks of devices and sensors through mesh gateways.

      Market for mesh gateways for an outdoor location to have a significant market size between 2024 and 2029.

      Deployment of mesh gateways in outdoor locations is increasing and is expected to have a significant market share during the forecast period. Outdoor deployed mesh gateways provide geospatial information in outdoor environments, helping industries to monitor and manage their assets efficiently remotely. Commercial and personnel in outdoor spaces like industrial campuses, construction sites, and logistics hubs, among others, can use wireless networking for real-time tracking and route optimization, enhancing operational efficiency, safety, and security. Outdoor location capabilities into mesh gateway help establish robust, end-to-end connectivity across outdoor locations, facilitating seamless data exchange and asset management.

      Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=191463907

      North America expected to hold the largest share of mesh gateways market in 2023.

      North America dominated the mesh gateways industry in 2023. The region comprises some leading manufacturing, energy, and utility companies that increasingly employ mesh gateways for wireless networking and solutions. In energy & utilities applications like smart grid management, which includes identifying issues in the grid and optimizing energy distribution, among others, are growing. Furthermore, the surge in adopting mesh gateways for agriculture is anticipated to propel market growth. The agriculture industry has applications like precision agriculture that help to reduce waste and optimize resource usage, among others.  As the energy & utilities and agriculture industry are leading industries in North America, the demand for mesh gateway is expected to grow in the region.

      Key Market Players

      The players in the mesh gateways companies are Eaton (Ireland), Honeywell International, Inc. (US), Siemens (Germany), Emerson Electric Co. (US), Schneider Electric SE (France), Advantech Co., Ltd. (Taiwan), HDL Automation (China), RSAE Labs Inc. (US), Wirepas Ltd (Finland), Dryad Networks GmbH (Germany) and AsiaRF Co., Ltd (Taiwan), Phoenix Contact (Germany), Westermo (Sweden), Tuya Inc. (China), Ackcio (Singapore), DusunIoT (China), Senet (US), Rajant Corporation (US), Quectel (China), NEXCOM International Co., Ltd. (Taiwan), Weidmüller Group (Germany), Digi International, Inc. (US), Kerlink (France), Milesight (US), Shanghai MXCHIP Information Technology Co., Ltd.(China), Actility (France).

      Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=191463907

      Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

      Related Reports: 

      Industrial IoT Market by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region - Global Forecast to 2029

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      About MarketsandMarkets™

      MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

      MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

      Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

      The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

      Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

      To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

      Contact:
      Mr. Rohan Salgarkar

      MarketsandMarkets™ INC.
      630 Dundee Road
      Suite 430
      Northbrook, IL 60062
      USA: +1-888-600-6441
      Email: sales@marketsandmarkets.com
      Visit Our Web Site: https://www.marketsandmarkets.com/
      Research Insight: https://www.marketsandmarkets.com/ResearchInsight/mesh-gateways-companies.asp
      Content Source: https://www.marketsandmarkets.com/PressReleases/mesh-gateways.asp

      Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg 

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