Active Network Management System Market 2018 Report: Growth Rate by Application, Manufacturers and Forecast - 2023

Global Active Network Management Market was valued at $451 million in 2016, and is estimated to reach $1,173 million by 2023, growing at a CAGR of 14.9% from 2017 to 2023. Active network management applications including automation, grid asset monitoring, real-time monitoring, and others are offered by prominent analytics solution providers, such as ABB Ltd, General Electric, Schneider Electric SE, Siemens AG, and others, to automatically adjust sensors data and flow of power in the grids and substations. Active network management provides streamlined real-time power distribution monitoring from connected devices such as renewable generation, smaller energy generators, storage devices, and others. The global active network management market is expected to witness significant growth rate, due to the rise in ICT expenditure by the government of various developed and the developing regions, including North America, Europe, and Asia-Pacific.

Asia-Pacific active network management market is expected to register the highest CAGR in the near future. Global vendors are investing heavily in the market to improve the overall active network management solution offering to ensure low-cost and on time data analysis, load balancing, and real-time power distribution analysis. The Asia-Pacific region, which includes countries such as China, India, Japan, and Australia, offer lucrative opportunities for market players. Moreover, surge in demand for smart energy solution in renewable energy generation drives the Europe active network management market.

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The energy & utility market in the industry segment has witnessed high demand in the global active network management market in 2016 due to increase in number of power distribution systems and sub-station based networking. In addition, reduced cost on power distribution and optimized networking solutions are expected to fuel the market growth in the near future. Moreover, the transportation industry has witnessed increased adoption of active network management across various regions, owing to strong demand for high voltage grid connection in active network management.

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North America active network management market was the largest in the world in 2016, owing to the growth in demand for automation solutions and increase in adoption of active network management. Global players are focused on innovating smart solution in energy distribution to strengthen their product offering. For instance, in February 2017, Oracle Corporation launched an enhanced version of network management platform to optimize operations of grid networks. This strategic move is expected to expand the companys presence in active network management market. In addition, industry participants have focused on improving their active network management to ensure competence and effectiveness of the active network management solution across other emerging markets such as Latin America, the Middle East, and Africa.

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