Active Network Management Market Dynamics, Key Players, Outlook and Segmentation | Forecast to 2027
SUMMERY:
Market Research Future published a research report on “Active Network
Management Market Research Report- Global Forecast 2027” – Market Analysis,
Scope, Stake, Progress, Trends and Forecast to 2027.
Market
Highlights:
Market Research Future (MRFR) claims that the active network management (ANM) 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. It is also estimated that the market advancement rate can be 16.8% between 2019 and 2024 (assessment period).
Top
Boosters and Main Deterrents
Active network
management’s use is increasing in a number of applications such as real-time
monitoring, grid asset monitoring, automation, and more. 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.
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Top
Contenders
Top contenders
responsible for the expansion of the active network management market size
include Oracle Corporation (US), Schneider Electric (France), ZIV (Spain), GE
(US), Landis+Gyr (Switzerland), Siemens AG (Germany), ABB Ltd. (Switzerland),
IBM Corporation (US), Chemtrols Industries Pvt. Ltd (India), Smarter Grid
Solutions (Scotland), Indra (Spain), Argand Solutions (UK), Cisco Systems, Inc.
(US), Itron, Inc. (US), Camlin Ltd (Irelance), to list a few.
Market
Segmentation
The 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. However, the SMEs segment can record a higher growth rate compared
to large enterprises between 2019 and 2024, since they are increasingly
deploying ANM solutions to provide innovative and advanced services to their
customers.
The applications of
active network management are power grid and transmission, power generation,
water treatment and distribution as well as oil and gas. The biggest share is
anticipated to be owned by the power grid and transmission segment in the ANM
market, while the highest CAGR is expected to be procured by the oil and gas
segment in the years ahead.
Regional
Insight
The geographic
study of the active network management (ANM) market includes North America,
Europe, APAC or Asia Pacific, and RoW or the rest of the world.
The North American
market is mainly concentrated in countries like Canada, Mexico and the US. It
is expected that North America can be the top-performing market for active
network management in the approaching years, given the robust growth of the
rugged power supply market. The substantial advancements in smart grid
projects, surging use of IoT connected devices in the energy and utilities
space and the mounting number of smart city projects increasingly adopting
smart energy distribution strategies has led to the superlative market growth
within the region.
With respect to
market share, Europe can be the second-best market for active network
management. The European market has been segmented into Germany, France, the
UK, and more. Massive utilization of renewable energy sources paired with the
sizeable investments by leading vendors to enhance the active network
management offering to facilitate on time and low-cost data analysis induces
significant growth of the ANM market in Europe. Germany is believed to be the
highest revenue generating country in the regional market, while it is presumed
that France can gain at the fastest speed during the forecast timeframe.
Out of all the
regions, APAC is on track to become the fastest expanding market from 2019 to
2024, with the leading countries identified as India, Japan, China, to name a
few. The fast expanding energy sector along with the surging deployment of
modern smart grid solutions are touted to be the chief growth boosters in the
regional market.
Developing
countries in the South America and Middle East & Africa are anticipated to
perform well, in terms of deployment of ANM solutions, thanks to regions
comprising the most number of natural oil repositories. These regions are also
investing considerably in a variety of smart grid solutions to better manage the
business processes, which works in favor of the ANM market.
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