Global Active Network Management Market Research Report: By Component (Software and Services), Organization Size, and Application (Power Generation, Power Grid and Transmission, Oil and Gas, and Water Treatment and Distribution)—Forecast till 2027
Market Overview
The active network management market is anticipated to grow by US$1,583.4 million by 2027 rapidly growing at a CAGR of 16.8% during the forecast period. The global active network management market is driven by increasing demand for management of power supply and the rising need to avoid overloading of power grids. These factors have helped shape the active network management market and are expected to boost the growth. Companies in the active network management market could also face challenges such as lack of awareness about ANM and high initial investment. The details covered in the active network management market report cover all the aspects of the industry. Analysts studying the active network management market have also shared growth projections in the report and have suggested active network management market players to plan business strategies accordingly.
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Market Segmentation
The global active network management market has been segmented based on components, organization size, and applications. On the basis of components, the market for active network management is segmented based on software and services. Additionally, the market on the basis of applications, is segmented into water treatment and distribution, oil and gas, power grid and transmission, and power generation. The global market for active network management is also covered based on organization size segment which is further split into small and.
Factors like development of smart grids around the world and growing adoption of ANM support the active network management market growth. The performance of the active network management market has also been studied for the past and current years. Additionally, the active network management market report provides analysis of these segments. The active network management market segmental analysis provided in the report offers major details about the active network management market based on the data and forecasts till 2027.
Regional Insight
Companies in the active network management market are spread across the world. The active network management market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American active network management market has many companies across the United States, Canada, and Mexico. The active network management market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the active network management market can be found in the market research report. Europe has companies in the active network management market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the active network management market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Top Contenders
The active network management market is supported by smart grid projects and growing investment pockets across the market. The population growth around the world and increasing demand of active network management market based services and products also support the market growth. However, the active network management market growth can be affected due to lack of skilled human resource. The report covers all such details which will help companies in the active network management market to strengthen their business plan and improve their product portfolio. The active network management market research report also provides company profiles of major companies. The company profiles of many organizations operating in the active network management market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the active network management market. New companies and established businesses can plan their strategies based on this data provided in the active network management market research report.
Industry News
In a strategic move from Active Interest Media, Growth Driver Partners, a middle-market private equity company, bought The Equine Network. GCP associates with the core leadership team of Equine Network, including Tom Winsor, who might become President and CEO, and Andy Clurman, new CEO of Active Interest Media, who may become Equine Network's Executive Chairman.
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Global Active Network Management Market Research Report: By Component (Software and Services), Organization Size, and Application (Power Generation, Power Grid and Transmission, Oil and Gas, and Water Treatment and Distribution)—Forecast till 2024Market OverviewMarket Research Future (MRFR) claims that the active network management market 2020, after having reached a valuation of USD 728.3 Million in 2019, can expand to a size of USD 1,583.4 Million by 2024-end.
ANM’s deployment is quite widespread among leading analytics solution providers, including General Electric, ABB Ltd, Siemens AG, Schneider Electric SE, and others, since they help adjust the sensors data as well as the power flow within the grids and the substations.Active network management is finding applications across industries, as they help offer streamlined monitoring of power distribution in real-time from connected devices like storage devices, smaller energy generators, renewable generation, and others.
Further, the market is positively influenced by the increasing ICT spending by the government across developed and developing areas around the world, including Europe, Asia Pacific and North America.The advancements in smart grids everywhere along with the rising use of renewable energy sources in the face of mounting environmental concerns are prompting smart grid vendors to widely deploy ANM solutions.
But, the relatively lower awareness level about advanced smart grid solutions, especially in emerging countries can curb the market growth for ANM solutions in the years to come.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7812Market SegmentationThe study of the active network management industry comprises segments like component, organization size and application.The various types of components considered are software as well as services.
The highest contribution towards market growth will be from the software segment, while the fastest growth rate can be achieved by the services segment over the coming years.The organization size-based segments are large enterprises and small and medium enterprises or SMEs.
Out of these, the largest segment is presumed to belong to large enterprises, given the growing number of large enterprises across the global ANM market.
