Active Network Management Market Size, Growth, Key Manufacturer Analysis and Forecast to 2024

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 Synopsis

Globally, the active network management (ANM) market is expected to grow from USD 728.3 million in 2019 to USD 1,583.4 million by 2024 at a CAGR of 16.8% from 2019 to 2024. The growth can be attributed to the increasing demand for management of power supply from distributed renewable energy sources; furthermore, the need to avoid overloading of power grids, and making maximum use of available energy are also some of the driving factors for the adoption of active network management solution.

Today's smart grids have adopted various intelligent solutions to control the power supply and integrate different sources of energy, including renewable sources. ANM is a software solution for power grids that helps in avoiding voltage range infringements, prevents imbalance between power generation and its consumption, and overload. ANM has been a proven solution for grid stability, reliable voltage regulation, and peak load management.

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Development of smart grids across the globe and increasing usage of renewable energy sources are encouraging smart grid companies to widely adopt ANM solutions. However, less awareness of advanced smart grid solutions in developing economies is expected to limit the growth of the ANM market during the forecast period.

Key Players

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).

Segmentation

The global active network management (ANM) market is also segmented based on component, organization size, application, and region/country.

• By component, the market has been segmented into software and services. The software segment is expected to be the larger contributor than services segment whereas the services segment is expected to witness a higher CAGR during the forecast period.
• In the organization size segment, large enterprises are anticipated to contribute the higher share than SMEs as there is a presence of many large enterprises in the ANM market. The SMEs segment is expected to register the higher CAGR than large enterprises from 2019 to 2024 as they are adopting ANM solutions to offer innovative services to their customers.
• By application, the market has been segmented into power generation, power grid and transmission, oil and gas, and water treatment and distribution. The power grid and transmission segment is the largest contributor in the global ANM market, while the oil and gas segment is expected to grow with the highest CAGR during the forecast period.

Regional Analysis

A geographic analysis of the global active network management (ANM) market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America has been segmented into the US, Canada, and Mexico. The regional market is expected to be the largest contributor to the ANM market during the forecast period, 2019 to 2024. The region is presumed to have moderate growth in the rugged power supply market. The US and Canada are the leading countries in the region. The growth is attributed to the massive development of smart grid projects in the region.

In terms of market share, Europe is expected to follow North America closely; the European region has been further segmented into the UK, Germany, France, and the rest of Europe. High usage of renewable energy sources along with non-renewable energy sources is the key driving factor for ANM market in the region. Germany is leading in the European ANM market while France is expected to register the highest growth during the forecast period.

The market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, 2019–2024. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. China, India, Japan, and South Korea are the leading countries in the ANM market. Fast growing energy sector and adoption of modern smart grid solutions are expected to boost the growth of the market in the APAC region.

Growing economies in the Middle East & Africa and South America are expected to show significant growth in terms of adoption of ANM solutions as the regions have the largest number of natural oil repositories and they are investing significantly on various smart grid solutions for better management of the business processes.

Intended Audience

• Active Network Management Solution Vendors
• Power Grid Organizations
• Government agencies
• Enterprises
• Standard making bodies
• Distributors and Value-added Resellers (VARs)
• Energy and Utilities Companies

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Suppliers

4.1.3 Bargaining Power Of Buyers

4.1.4 Threat Of Substitutes

4.1.4 Intensity Of Rivalry

4.2 Value Chain/Supply Chain Of The Global Active Network Management Market

5 Industry Overview Of The Global Active Network Management Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma