The Global Active Network Management Market size valued to USD 658.3 million in 2019, shall garner USD 3034.9 million by 2030, witnessing a CAGR of 14.9% from 2020-2030.
Active Network Management (ANM) integrates separate components of a smart power grid, monitoring and operating them with automated controls, hence keeping the system parameters within predetermined limits. Real-time or near-real-time network measurements are used to calculate the permissible values of power and other parameters. ANM continuously measures these parameters in order to control the demand and generation, at the same time minimising network losses, stabilising the system and detecting faults.
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Top Companies: 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 others.
The global active network management market share is analyzed based on type, application, industry, and geography. Based on type, the market is segmented into service and software. Based on application, the market is fragmented 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. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America accounts for the major market share in the global Active Network Management market, owing to well-established infrastructure and technological advancement. Hence, it is expected to dominate the global Active Network Market throughout the forecast period. Asia Pacific is expected to grow at the highest CAGR, owing to higher adoption of technology, amplifying number of smart city development projects, and abundant opportunities in power & utility sector.
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