The Global Active Network Management (ANM) Market is Expected to Grow from $682 Million in 2018 to $1.41 Billion by 2023, at a CAGR of 15.6%

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Apr 25, 2019, 18:45 ET

DUBLIN, April 25, 2019 /PRNewswire/ -- The "Active Network Management Market by Component (Software and Services), Service (Professional and Managed Services), Organization Size (SMEs and Large Enterprises), Application Area (Power, Energy & Utilities), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global Active Network Management (ANM) market size is expected to grow from USD 682 million in 2018 to USD 1,411 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period.

Major growth factors for the market include increasing demand for uninterruptible transmission of electricity among end users and efficient power management solutions. However, high cost of ANM technology deployment may restrain the ANM market growth.

Major vendors in the global ANM market include GE (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Itron (US), Landis+Gyr (Switzerland), Cisco (US), IBM (US), Oracle (US), Smarter Grid Solutions (UK), Indra (Spain), Chemtrols Industries (India), Camlin (Ireland), Ziv (France), and Argand Solutions (UK).

In the power segment, power grids segment to grow at a higher CAGR during the forecast period

Under the power segment, the ANM market has been segmented into power generation and power grids. The power grids segment is expected to grow at the higher CAGR in the ANM market during the forecast period. Major growth factors for the segment include increasing efficiency of power generation and reducing the losses in transmission, distribution, and consumption of electrical energy.

The software segment to hold a larger market size during the forecast period

The software segment is expected to hold a larger market size in the ANM market during the forecast period. ANMis real-time testing software and smart tool for distribution grids. The software helps monitor and control the operations of all network components, such as smaller energy generators, renewable generation, and storage devices. Need for controlling voltage fluctuations within the power and electric grid networks is driving the adoption of ANM software.

North America to account for the highest market share, whereas Asia Pacific (APAC) to grow at the highest CAGR

North America is projected to hold the highest share of the ANM market from 2018 to 2023, owing to the early adoption of the ANM solution in the region across various application areas, such as power, and energy and utilities. The concentrated presence of a large number of ANM solution and services providers in the US of the North American region is also expected to drive revenue growth.

The APAC market is expected to grow at the highest CAGR during the forecast period. The region is expected to witness notable adoption of the technology, as enterprises across the utilities industry are now adopting ANM solutions to better manage smart grid applications.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.4 Factor Analysis
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Active Network Management Market
4.2 Market By Component, 2018
4.3 Market By Service, 2018
4.4 Market Share of Professional Services and Top 3 Regions, 2018
4.5 Market By Organization Size, 2018
4.6 Market Top 2 Application Areas
4.7 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Need for Smart Grid Optimization Via Automation for Efficient Transmission of Electricity
5.2.1.2 Growth in Renewable Energy (Solar and Wind Power) Commercialization
5.2.1.3 Increasing Demand for Uninterruptible Transmission of Electricity Among End Users
5.2.2 Restraints
5.2.2.1 High Cost of ANM Technology Deployment
5.2.3 Opportunities
5.2.3.1 Growth in Adoption of IoT/Connected Devices Across the Energy and Utilities Ecosystem
5.2.3.2 Rising Number of Smart City Projects Leading to the Adoption of Smart Energy Distribution Strategies
5.2.4 Challenges
5.2.4.1 Integration of Smart Grid Technologies With Existing Systems

6 Active Network Management Market, By Component
6.1 Introduction
6.2 Software
6.2.1 Need for Controlling Voltage Fluctuations Within Power and Electric Grid Networks to Drive the Adoption of Active Network Management Software
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting
6.3.1.1.1 Need for Enhancing Organizations' Strategic Outlook to Drive the Demand for Consulting Services
6.3.1.2 System Integration
6.3.1.2.1 Integration Services to Ease the Complexities in Deploying Various Solutions in IT Infrastructures
6.3.1.3 Support and Maintenance
6.3.1.3.1 Growing Need for Emergency Response Management to Drive the Demand for Support and Maintenance Services
6.3.2 Managed Services
6.3.2.1 Need for Expertise During Integration of Two Different Technologies on the Same Platform to Generate the Demand for Managed Services

7 Active Network Management Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.2.1 Early Adoption of ANM Software and Services to Drive the Growth of ANM Market Among SMEs
7.3 Large Enterprises
7.3.1 Cost Benefits of ANM Software to Boost the Adoption of ANM Software Among Large Enterprises

8 Active Network Management Market, By Application Area
8.1 Introduction
8.2 Power
8.2.1 Power Generation
8.2.1.1 Thermal Power Plants
8.2.1.1.1 Complex Nature of Distributed Thermal Power Plants to Drive the Adoption of ANM Software in Thermal Power Plants
8.2.1.2 Nuclear Power Plants
8.2.1.2.1 Increasing Need to Configure Network Infrastructure Driving the Adoption of ANM Software in Nuclear Power Plants
8.2.1.3 Renewable Power Plants
8.2.1.3.1 Growing Demand for ANM Software to Drive the Growth of ANM Market in Renewable Power Plants
8.2.2 Power Grids
8.2.2.1 Increasing the Efficiency of Power Generation and Reducing the Losses in Transmission, Distribution, and Consumption of Electrical Energy to Drive the Adoption of ANM Software in Power Grids
8.3 Energy and Utilities
8.3.1 Oil and Gas
8.3.1.1 Need to Control the Flow of Oil and Gas in Field-Area Networks Driving the Growth of ANM Market in the Oil and Gas Sector
8.3.2 Electric Power Transmission
8.3.2.1 Need to Supervise, Control, Optimize, and Manage Flows in Transmission Systems Driving the Adoption of ANM Software in Electric Power Transmission
8.3.3 Water Treatment and Distribution
8.3.3.1 Need to Secure the Industrial Networks and Extensive Network Infrastructures Driving the Adoption of ANM Software in Water Treatment and Distribution
8.4 Others

9 Active Network Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Growing Adoption of Smart Grid Technology to Drive the Growth of ANM Market in the US
9.2.2 Canada
9.2.2.1 Rising Energy Demand and Increasing Smart Meter Deployment to Drive the Growth of ANM Market in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Rise in Energy Production to Drive the Adoption of ANM Software in the UK
9.3.2 Germany
9.3.2.1 Increasing Investments in Renewable Energy Plants to Drive the Growth of ANM Market in Germany
9.3.3 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Growing Need for Efficient Energy Transportation to Drive the Growth of ANM Market in China
9.4.2 India
9.4.2.1 Increasing Investments in Solar Power Generation to Drive the Growth of ANM Market in India
9.4.3 Japan
9.4.3.1 Increasing Demand for Renewable Sources to Drive the Growth of ANM Market in Japan
9.4.4 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Need to Increase Energy Efficiency and Reduce Operating Costs Driving the Growth of ANM Market in the Middle East
9.5.2 Africa
9.5.2.1 Presence of Growing Economies to Drive the Growth of ANM Market in Africa
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Increasing Investments in Distributed Power Generation to Drive the Growth of ANM Market in Brazil
9.6.2 Mexico
9.6.2.1 Need to Monitor Electricity Usage in Power Grids Driving the Growth of ANM Market in Brazil
9.6.3 Rest of Latin America

10 Competitive Landscape
10.1 Competitive Leadership Mapping
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Players
10.2 Strength of Product Portfolio
10.3 Business Strategy Excellence
10.4 Key Developments in the Active Network Management Market
10.4.1 Partnerships, Agreements and Collaborations
10.4.2 New Product Launches/Product Enhancements
10.4.3 Mergers and Acquisitions
10.4.4 Business Expansions

11 Company Profiles
11.1 Introduction
11.2 ABB
11.3 Oracle
11.4 GE
11.5 Schneider Electric
11.6 Siemens
11.7 Cisco
11.8 IBM
11.9 Itron
11.10 Landis+GYR
11.11 Indra
11.12 Chemtrols Industries
11.13 Camlin
11.14 Smarter Grid Solutions
11.15 ZIV
11.16 Argand Solutions

For more information about this report visit https://www.researchandmarkets.com/r/qfds23

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