Press Release

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


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“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.

 

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