Active Network Management Market Key Players Profile and Industry Analysis to 2030
The active network management market was valued at around
USD 658.3 million in 2019, and is expected to reach USD 3.04 billion by 2030,
with a CAGR of 14.9% during the forecast period.
Active network management
(ANM) is an automated system, which is used for the management of electricity
generation & load in pre-defined limits. It has wide applications in the power
sector as it helps in the real-time monitoring as well as grid monitoring for better
performance. ANM also amplifies the operational efficiency with un-interrupted
power supply, resolution of network issues, stabilizes network by minimizing
the network loss, and others.
The global active network
management market report is segmented on the basis of type, application,
industry, and region. Based on type, the market is classified into service and
software. On the basis of application, it is categorized into automation, grid
asset monitoring, real-time monitoring, and others. On the basis of industry,
the market is divided into energy & utility, transportation, government,
and others. Region wise, the market is studied across North America, Europe,
Asia-Pacific, and RoW, which are further segmented into major countries such as
the U.S., the UK, France, and others.
The active network
management market is primarily driven by constant rise in demand for energy due
to large population base followed by increase in demand for uninterrupted power
supply. In addition, consistent infrastructural development with high adoption
rate of smart grid supported by the constant advancement in technology boosts
the market growth. Furthermore, rise in inclination toward renewable energy
along with commercialization followed by the growth in smart cities is also
expected to fuel the market growth. There has been surge in market investment
associated with growth in automation activities to enhance the operational
efficiency. On the other hand, transmission of energy over long distance with
growing demand of efficient power management solutions further accelerates the
market growth. However, lack of developed IT infrastructure in developing
economies followed by high deployment cost of smart grid solutions are expected
to restrain the market growth in the near future.
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The developed regions including
North America and Europe are expected to hold the major market share, owing to
the presence of developed infrastructure followed by rise in demand for uninterrupted
power supply. Moreover, technological advancement along with high adoption rate
of smart grid technology for automation is also expected to contribute toward the
market growth. Asia-Pacific is expected to dominate the active network
management market in terms of growth rate, owing to rise in energy demand
followed by high adoption of renewable energy. In addition, increase in demand
for efficient power management solutions supported by surge in smart city
projects in the region is likely to augment the market growth during the
forecast period.
The major market players
profiled in the active network management market include 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,
among others.
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