(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Active Network Management Market By Component (Software and Services), By Organization Size (SMEs and Large Enterprises), and By Application Area (Power, Energy & Utility, Transportation, Government, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20182025'. According to the report, the global active network management marketwas around USD 651 million in 2018 and is expected to reach approximately USD 1,858 million by 2025, at a CAGR of slightly above 16.4% between 2019 and 2025.
Active network management connects different components of a smart grid, such as renewable generation, storage devices, and smaller energy generators, etc., by installing software to control and monitor the operation of these components. The global active network management market is expected to show notable growth over the estimated time period, owing to the increasing focus on smart and power management grid to use energy systems efficiently. Moreover, growing urbanization and rising need to reduce investments in expensive energy network reinforcement are also driving this market. Additionally, the growing demand for uninterrupted power supply is further fuelling the market growth. The global active network management market is growing significantly, owing to ANM's numerous advantages for enterprises across various domains. Active network management (ANM) software helps in managing network-related issues in real-time to avoid the consequences of replacing or reinforcing new or additional assets, such as helps in stabilizing systems, detects faults, and minimizes network losses, thereby propelling the active network management market globally. Moreover, the market is also driven by the growing demand for management of network parameters by the active network. However, the lack of proper IT infrastructure in underdeveloped nations may limit this global market over the projected time period.
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On the basis of component, the global active network management market includes software and services. The software segment is expected to hold a substantial market share over the projected time period. By organization size, the market includes large enterprises and SME's. The global active network management market is fragmented on the basis of application area into power, energy and utility, transportation, government, and others. The power segment is estimated to hold a substantial market share over the projected timeframe, owing to the rising complexities in power industries network and ANM software helps in maintaining the balance between power production and generation, monitors operations of the power system, and restores services after interruptions efficiently.
On the basis of region, the global active network management market is categorized into the Asia Pacific, Latin America, the Middle East, and Africa, and Europe. North America is anticipated to hold a substantial share of the global active network management market over the projected timeframe, owing to the early adoption of ANM software and increase in the use of ANM software by the regional organizations for effectively managing network operations across applications in energy and utilities and power industries.
Some noticeable players of the global active network management market are ABB, GE, Schneider Electric, Siemens, Landis+Gyr, Itron, IBM, Cisco, Smarter Grid Solutions, and Oracle.
This report segments the global active network management market into:
Global Active Network Management Market: Component Analysis
- Consulting
- System Integration
- Support and Maintenance
Global Active Network Management Market: Organization Size Analysis
Global Active Network Management Market: Application Area Analysis
- Power
- Power Generation
- Thermal Power Plants
- Nuclear Power Plants
- Renewable Power Plants
- Power Grids
- Energy and Utility
- Oil and Gas
- Electric Power Transmission
- Water Treatment and Distribution
- Transportation
- Government
- Others
Global Active Network Management Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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