Latin America Wireless Mesh Networking Market Size (2024 - 2029)

Latin America Wireless Mesh Networking Market Analysis

The Latin America Wireless Mesh Networking Market size is estimated at USD 641.48 million in 2024, and is expected to reach USD 993.67 million by 2029, growing at a CAGR of 9.15% during the forecast period (2024-2029).

The surge in the market is primarily driven by the rising adoption of wireless mesh networks, which are favored for their reliable capabilities, offering faster data transmission and simplified deployment.

The market is propelled by the increasing integration of advanced technologies like the Internet of Things (IoT) and the advent of 5G networks. This confluence of advancements reshapes connectivity paradigms, marking a significant shift in how industries connect in the digital era and deploy wireless mesh networking devices to meet the needs.

By April 2024, 29 operators in Latin America, spanning 10 countries, had introduced commercial 5G services. Additionally, several operators have outlined plans to launch their own 5G services in the near future. This surge will be fueled by launching new 5G markets and expanding existing networks into previously uncovered regions. According to the GSMA report, 5G is poised to dominate, constituting nearly 60% of all mobile connections in Latin America by 2030.

Transitioning to cloud-native infrastructure is pivotal for facilitating 5G standalone (5G SA) rollouts. While Latin America, like much of the world, has predominantly adopted a non-standalone (NSA) approach for its initial 5G deployments, Brazil stands out with its emphasis on 5G SA networks. Nonetheless, the rest of the region is poised to witness a surge in 5G SA availability. According to GSMA Intelligence, 55% of Latin American operators already operating 5G networks have committed to transitioning to 5G SA, following the global trend.

Wireless mesh networking is crucial in developing innovative city applications, including intelligent traffic management, environmental monitoring, and bright lighting. Fira de Barcelona awarded Brazil as the Smart City of 2023 at the World Smart City Awards gala held at the Smart City Expo World Congress (SCEWC) to appreciate innovative initiatives and projects in the urban transformation industry. Cities such as Santiago (Chile) and Sao Paulo (Brazil) are investing in technologies to enhance urban living, which is driving the growth of the market studied.

The high initial costs and maintenance expenses restrict the integration of wireless mesh networking, especially in rural areas. It is heavily dependent on government grants, international aid, or public-private partnerships, which create challenges for the market to prosper in every area of Latin America.

Post-COVID-19 has accelerated the need for reliable and widespread internet connectivity. There is a shift toward online education and hybrid work models, which require an advanced wireless mesh networking system to cater to the growing needs. Many countries in Latin America are investing in advanced networking systems for smart city projects to support IoT devices in these projects.

Latin America Wireless Mesh Networking Industry Segmentation

The report on the Latin American wireless mesh networking market tracks the revenue generated by the sale of mesh networking systems and devices (such as mesh routers, extenders, gateways, and clients) provided by market vendors to various end users across Latin America.

The Latin American wireless mesh networking market is segmented by end-user type [(consumers and enterprises (small and medium-sized enterprises and large enterprises)] and country (Brazil, Mexico, Argentina, Colombia, and Rest of Latin America).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.