Active Network Management Market SIZE 2021 (COVID-19 Impact Analysis Included) Opportunities, Business Growth Scenario, Regional Overview, Top Leaders, Revenue and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Active Network Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Active Network Management Market products.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151392

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

Market Synopsis

Globally, the active network management (ANM) market is expected to grow from USD 728.3 million in 2019 to USD 1,583.4 million by 2024 at a CAGR of 16.8% from 2019 to 2024. The growth can be attributed to the increasing demand for management of power supply from distributed renewable energy sources; furthermore, the need to avoid overloading of power grids, and making maximum use of available energy are also some of the  driving factors for the adoption of active network management solution.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151392

Today’s smart grids have adopted various intelligent solutions to control the power supply and integrate different sources of energy, including renewable sources. ANM is a software solution for power grids that helps in avoiding voltage range infringements, prevents imbalance between power generation and its consumption, and overload. ANM has been a proven solution for grid stability, reliable voltage regulation, and peak load management.

Development of smart grids across the globe and increasing usage of renewable energy sources are encouraging smart grid companies to widely adopt ANM solutions. However, less awareness of  advanced smart grid solutions in developing economies is expected to limit the growth of the ANM market during the forecast period.

Global Active Network Management Market

Segmentation

The global ANM market is segmented based on component, organization size, application, and region/country.

By component, the market has been segmented into software and services. The services segment has been further bifurcated into professional and managed services. Professional services covered in the study are consulting services, implementation and integration services, and support and maintenance services.

By organization size, the market has been segmented into large enterprises and SMEs.

By application, the market has been segmented into power generation, power grid and transmission, oil and gas, and water treatment and distribution.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America has been further segmented into the US, Canada, and Mexico; Europe into Germany, the UK, France, and the rest of Europe; Asia-Pacific into China, India, Japan, and the rest of Asia-Pacific; and Rest of the World into the Middle East & Africa, and South America.

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151392

Regional Analysis

The global market for ANM is estimated to grow at a moderate rate during the forecast period from 2018 to 2023. The geographic analysis of global ANM market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to dominate the ANM market during the forecast period. North America region is considered as the most advanced region in terms of development and adoption of innovative technologies in the field of electrical and electronics. The region has a huge potential for revenue generation in the ANM market, particularly from its smart grid projects. The US is expected to be the dominating country in the ANM market in North America during the forecast period.

Asia-Pacific is expected to grow at the fastest rate during the forecast period. Fast development towards the transformation of traditional grids into smart grids is expected to boost the growth of the market in the APAC region. China, Japan, and India have been the leading countries in the APAC region in terms of market share, and this trend is expected to continue in the upcoming years.

Competitive Analysis

According to the recent trends in the global ANM market, many players are expanding their technological capabilities, with increased investments in research and development (R&D) activities. Most of the companies have adopted an organic growth strategy to innovate on their product offerings and expand their customer bases.

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151392

Key Players

The prominent players in ANM market are IBM Corporation (US), Cisco Systems, Inc. (US), Siemens AG (Germany), Schneider Electric (France), Oracle Corporation (US), GE (US), Landis+Gyr (Switzerland), Itron, Inc. (US), ABB Ltd (Switzerland), Camlin Ltd (Irelance), ZIV (Spain), Argand Solutions (UK), Chemtrols Industries Pvt. Ltd (India), Smarter Grid Solutions (Scotland), and Indra (Spain).

Intended Audience

Active Network Management Solution Vendors

Power Grid Organizations

Government agencies

Enterprises

Standard making bodies

Distributors and Value-added Resellers (VARs)

Energy and Utilities Companies

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

Leave a Reply