Active Network Management Market to Grow at 14.9% by 2030
Constant rise in demand for energy associated with the large population base, growth in smart cities, and increase in technological advancement are expected to drive the growth of the active network management industry during the forecast period.
The Active Network Management Market is expected to grow at a CAGR of 14.9% from 2020 to 2030, according to a new research report by Next Move Strategy Consulting.
Active network management (ANM) offers a variety of applications that help in real time monitoring, automation, grid asset monitoring, & others. It involves the use of sensors, which further amplify the operational efficiency. It also keeps track record of voltage, frequency, phase balance, & others in pre-defined limits. In addition, it resolves the network-related issues and stabilizes network by minimizing the network loss.
According to the report, consistent rise in demand for energy along with high demand for uninterrupted power supply and the growing demand for efficient power management solutions boosts the market growth. In addition, there has been an advancement in smart cities along with surge in energy planning for smart cities project, which is further expected to amplify the market growth. Furthermore, rise in demand for automation and increase in inclination toward renewable energy as well as technological advancement drive the growth of the market. On the other hand, surge in infrastructural development and rise in investment in smart grid power systems are expected to supplement the market growth. Moreover, the commercialization of renewable energy along with the efficient transmission of energy over long distances is expected to bring change in the market trends.
However, lack of developed IT infrastructure and high deployment cost of active network management system are expected to inhibit the market growth. Moreover, rapid growth in the adoption of connected devices & IoT along with growth in urbanization is anticipated to provide numerous opportunities to the market in the coming few years.
On the basis of type, the active network management market share is bifurcated into service and software. The software segment dominates the global active network management market in terms of market share and is projected to remain dominant during the forecast period.
On the basis of application, the active network management market is fragmented into automation, grid asset monitoring, real-time monitoring, and others. The real-time monitoring segment is anticipated to gain popularity, owing to rise in application, and hence is expected to experience a dominant market growth in the near future.
On the basis of industry, the active network management market is classified into energy & utility, transportation, government, and others. The energy & utility segment is estimated to experience significant growth, owing to rise in energy demands.
North America is expected to account for the highest size & share of the active network management market during the forecast period, owing to the presence of developed infrastructure as well as rapid adoption of renewable energy, followed by the rise in demand for uninterrupted power supply. Europe accounts for the second leading position in the active network management market size. Asia-Pacific is anticipated to be the fastest developing region in the active network management market which is majorly driven by the growth in smart cities project in the region and supported by the constant rising demand for energy.
Some of the key players operating in the active network management market are Cisco, IBM, Juniper Networks, Huawei, Nokia, Solar Winds, NETSCOUT, CA Technologies (Broadcom), Riverbed Technology, Ipswitch (Progress), Micro Focus, BMC Software, Colasoft, Flowmon Networks, ExtraHop Networks, Manage Engine, Paessler AG, Live Action, SevOne, Kentik, Cubro Network Visibility, VIAVI Solutions, Kaseya, Accedian, Help Systems, AppNeta, Extreme Networks, Ericsson, Opmantek, and eG Innovations.
Browse key industry insights from the report at https://www.nextmsc.com/report/active-network-management-market in detail along with the table of contents:
Key Insights from the Active Network Management Market Report:
- Asia-Pacific is the fastest growing active network management market owing to rise in demand for energy associated with the large population base supported by high adoption rate for smart grid as well as growth in smart city projects in the region.
- The real-time monitoring application dominates the segment and is expected to grow at a significant CAGR to maintain the led in 2030.
- Some of the major players in the market are Cisco, IBM, Juniper Networks, Huawei, Nokia, Solar Winds, NETSCOUT, CA Technologies (Broadcom), Riverbed Technology, Ipswitch (Progress), Micro Focus, BMC Software, Colasoft, Flowmon Networks, ExtraHop Networks, Manage Engine, Paessler AG, Live Action, SevOne, Kentik, Cubro Network Visibility, VIAVI Solutions, Kaseya, Accedian, Help Systems, AppNeta, Extreme Networks, Ericsson, Opmantek, and eG Innovations.
The report Active Network Management market – segmented by type, application, industry, and geography
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