Market Research Future published a research report on “Active Network Management Market Research Report - Global Forecast 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2024.
Market Research Future (MRFR), in its latest global active network management market states several factors that can boost the expansion of the active network management industry. The active network management market size is expected to touch USD 1,583.4 Mn by 2024 form USD 728.3 Mn in 2019. MRFR study reveals that the active network management (ANM) market 2020 can expand at 16.8% CAGR from 2019 to 2024. The rise of the Active Network Management Market can be attributed to the high demand for power supply management solutions for distribution of renewable energy from their sources. In addition, the rise in need to avoid overloading of power grids, plus maximize the available of energy can drive the adoption of active network management solution. This can prompt the market growth.
In current times, smart grids have adopted different intelligent solutions to regulate power supplies and the integration of different sources of energy that include renewable sources. ANM software for power grids can aid in avoiding voltage range infringements and in the prevention of imbalance between power generation and power consumption, plus power overload is also managed. ANM is a proven solution for reliable voltage regulation, grid stability, and peak load management.
Progression of smart grids across the globe and increase in the usage of renewable energy sources have encouraged the widely adoption of ANM solutions. On the contrary, lack of awareness about smart grid solutions can limit the expansion of the ANM market through the study period.
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The prominent players in ANM Market are IBM Corporation (US), Cisco Systems, Inc. (US), Siemens AG (Germany), Schneider Electric (France), Oracle Corporation (US), GE (US), Landis+Gyr (Switzerland), Itron, Inc. (US), ABB Ltd (Switzerland), Camlin Ltd (Irelance), ZIV (Spain), Argand Solutions (UK), Chemtrols Industries Pvt. Ltd (India), Smarter Grid Solutions (Scotland), and Indra (Spain).
The global active network management market, according to study, has been segmented into component, organization size, and application.
- By the mode of component, the market has included software and services. Among which, the services segment has been further divided into professional and managed services. Professional services covered are consulting services, implementation and integration services, and support and maintenance services.
- By the mode of organization size, the global market has been categorized into large enterprises and SMEs.
- By the mode of application, the market is further split as power generation, power grid and transmission, oil and gas, and water treatment and distribution.
According to the regional study of the global active network management market, the region included are North America, Europe, Asia-Pacific, and the rest of the world.
Among these, North America region is likely to lead the global active network management market during the forecast period as the region is considered as the most superior by development and adoption of innovative technologies in the ground of electrical and electronics. Also, the region has a huge potential for revenue generation in the active network management market, mainly from its smart grid projects. The US is likely to be the leading country in the active network management market in North America during the forecast period.
Asia-Pacific is likely to nurture at the fastest rate in the forecast period. Rapid developments towards the transformation of traditional grids into smart grids are to boost the growth of the market in the APAC region. Countries like China, Japan, and India have been the leading countries in the APAC region by high market share, and this trend is possible to continue in the upcoming years.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Market, By Region, 2018–2024
Table 2 North America: Market, By Country, 2018–2024
Table 3 Europe: Market, By Country, 2018–2024
Table 5 Asia-Pacific: Market, By Country, 2018–2024
Table 6 Global Market, By Region, 2018–2024
Table 7 North America: Market, By Country, 2018–2024
Table 8 Europe: Market, By Country, 2018–2024
Table 9 Asia-Pacific: Market, By Country, 2018–2024
Table 10 Middle East & Africa: Market, By Country, 2018–2024
Table 11 South America: Market, By Country, 2018–2024
Table 12 Global Market Organization Size Market, By Region, 2018–2024
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