Active Network Management Market is expected to Grow with a CAGR of 19.31% through 2029
Increasing need for efficient grid operation, real-time monitoring, growing renewable energy integration and grid modernization initiatives is expected to accelerate market growth in the forecast period.
According
to TechSci Research report, “Active Network Management Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, Global Active Network Management Market was valued at USD 2.56 billion in 2023 and is expected to reach USD 7.45 billion by 2029 with a CAGR of 19.31% during the forecast period. The Active Network Management market is expanding its footprint into emerging markets, driven by increasing infrastructure development and the growing need for efficient network management solutions. Emerging economies are investing heavily in modernizing their energy infrastructure to support economic growth and improve reliability. As these regions undergo rapid urbanization and industrialization, the demand for advanced network management solutions to handle complex and dynamic energy systems is rising. ANM solutions are being tailored to address the unique challenges faced by these markets, such as integrating diverse energy sources, managing growing electricity demand, and improving grid resilience. The entry of global players into these markets, along with the development of cost-effective and scalable ANM solutions, is facilitating this expansion. Furthermore, partnerships between technology providers and local utilities are accelerating the adoption of ANM solutions in emerging economies. This trend is expected to continue as these regions seek to enhance their energy infrastructure and capitalize on the benefits of advanced network management technologies.
Browse
over XX Market data Figures spread through XX Pages and an in-depth TOC on
the "Global Active Network Management Market.”
Based on the Application,
the Automation segment held the largest Market share in 2023. The Active
Network Management (ANM) Market in the Automation segment is driven by several
key factors, primarily centered around the increasing demand for enhanced
efficiency, reliability, and control within network operations. As utility
companies and grid operators strive to manage growing energy demands and
integrate diverse energy sources, the need for advanced automation solutions in
network management becomes paramount. ANM systems provide real-time monitoring
and control capabilities that enable proactive management of network assets,
reducing downtime and optimizing performance.
The transition towards smart
grids and the integration of renewable energy sources, such as solar and wind,
necessitate sophisticated automation tools to manage the variability and
complexity associated with these technologies. Furthermore, the growing
prevalence of Internet of Things (IoT) devices and the expanding use of data
analytics contribute to the need for automation in network management, as they
generate vast amounts of data that must be effectively monitored and analyzed.
The rise in cyber threats and the need for robust cybersecurity measures also
drive the adoption of automated network management solutions, which offer
enhanced security features and real-time threat detection.
Regulatory requirements and standards for grid reliability and operational
efficiency are pushing utilities to adopt automation technologies to ensure
compliance and meet performance benchmarks. The ongoing development of artificial
intelligence (AI) and machine learning technologies further fuels the growth of
the ANM market in the automation segment, as these advancements enable more
intelligent and adaptive network management strategies. The ability to automate
routine tasks and complex decision-making processes not only enhances
operational efficiency but also reduces human error and operational costs. As
the energy landscape continues to evolve, the need for dynamic and scalable
solutions that can adapt to changing conditions and demands underscores the
growing importance of automation in active network management. This confluence
of factors—ranging from technological advancements and regulatory pressures to
the integration of new energy sources and increased data generation—drives the
expansion of the ANM market in the automation segment, presenting significant
opportunities for innovation and growth.
In terms of region, Europe is the fastest growing region in Global Active Network Management Market. Europe is rapidly emerging as the fastest-growing region in the Global Active Network Management (ANM) Market, driven by a combination of technological advancements and increasing demand for efficient network operations. The region's robust digital infrastructure and proactive investment in network technologies are fueling this growth. European businesses and public sector entities are increasingly adopting ANM solutions to enhance network performance, optimize resource allocation, and ensure seamless connectivity across diverse applications. The push towards digital transformation and the need to manage complex network environments are significant factors contributing to the surge in ANM market activity within Europe. Europe's commitment to sustainability and smart infrastructure initiatives is further accelerating the adoption of active network management technologies. With a growing emphasis on green energy and smart cities, there is a heightened need for intelligent network management solutions that can support energy efficiency and operational excellence. As European countries continue to integrate advanced network management tools to meet their ambitious digital and environmental goals, the region is setting a benchmark in the ANM market, driving innovation and establishing itself as a leader in optimizing network operations on a global scale.
Major
companies operating in the Global Active Network Management Market are:
- ABB Limited
- Honeywell International Inc.
- Schneider Electric SE
- General Electric Company
- Siemens AG
- Eaton Corporation plc
- S&C Electric Company
- Landis+Gyr Group AG
- Osborne Energy Ltd
- Doble Engineering Company
Download Free Sample Report
Customers
can also request 10% free customization in this report.
“The
Global Active Network Management Market is expected to rise in the upcoming
years and register a significant CAGR during the forecast period. The Active
Network Management (ANM) Market is set for significant growth, driven by the
need for enhanced grid management and the integration of renewable energy
sources. Utilities are increasingly adopting ANM solutions to improve grid
reliability and stability through real-time monitoring and control, which
optimizes energy distribution and lowers operational expenses. The expansion of
smart grid technologies and rising investments in infrastructure upgrades
further drive market potential. The emphasis on sustainable
energy and regulatory requirements for greater grid resilience present
considerable opportunities for innovation and the deployment of advanced ANM
systems globally. Therefore, the Market of Active Network Management is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based global management consulting firm.
“Active
Network Management Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented, By Component (Software, Services), By Enterprise Type
(Small & Medium Enterprises, Large Enterprises), By Application
(Automation, Grid Asset Monitoring, Real-time Monitoring, and Others), By
Industry (Energy & Utility, Transportation, Government, Others), By Region & Competition, 2019-2029F”,
has evaluated the future growth potential of Global Active Network Management
Market and provides statistics & information on the Market size, structure,
and future Market growth. The report intends to provide cutting-edge Market
intelligence and help decision-makers make sound investment decisions., The
report also identifies and analyzes the emerging trends along with essential
drivers, challenges, and opportunities in the Global Active Network Management
Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com