Active Network Management Market Is Expected to Grow at a CAGR of 16.8% to Reach USD 1.58 Billion by 2024 :

Pune, India, May 2019/MRFR Press Release/— Market Research Future published a half-cooked research report on global active network management market research report— Forecast till 2024.

Market Highlights

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

By component, the market has been segmented into software and services. The software segment is expected to be the larger contributor than services segment whereas the services segment is expected to witness a higher CAGR during the forecast period.

In the organization size segment, large enterprises are anticipated to contribute the higher share than SMEs as there is a presence of many large enterprises in the ANM market. The SMEs segment is expected to register the higher CAGR than large enterprises from 2019 to 2024 as they are adopting ANM solutions to offer innovative services to their customers.

By application, the market has been segmented into power generation, power grid and transmission, oil and gas, and water treatment and distribution. The power grid and transmission segment is the largest contributor in the global ANM market, while the oil and gas segment is expected to grow with the highest CAGR during the forecast period.

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Regional Analysis

A geographic analysis of the global active network management (ANM) market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America has been segmented into the US, Canada, and Mexico. The regional market is expected to be the largest contributor to the ANM market during the forecast period, 2019 to 2024. The region is presumed to have moderate growth in the rugged power supply market. The US and Canada are the leading countries in the region. The growth is attributed to the massive development of smart grid projects in the region.

In terms of market share, Europe is expected to follow North America closely; the European region has been further segmented into the UK, Germany, France, and the rest of Europe. High usage of renewable energy sources along with non-renewable energy sources is the key driving factor for ANM market in the region. Germany is leading in the European ANM market while France is expected to register the highest growth during the forecast period.

The market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, 2019–2024. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. China, India, Japan, and South Korea are the leading countries in the ANM market. Fast growing energy sector and adoption of modern smart grid solutions are expected to boost the growth of the market in the APAC region.

Growing economies in the Middle East & Africa and South America are expected to show significant growth in terms of adoption of ANM solutions as the regions have the largest number of natural oil repositories and they are investing significantly on various smart grid solutions for better management of the business processes.

Key Players:

Market Research Future recognizes the following vendors as prominent players in the ANM market— 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).

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