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Active Network Management Market Growing at a CAGR 15.6% | Key Player ABB, Oracle, Schneider Electric, Siemens, Cisco

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Active Network Management Market Growing at a CAGR 15.6% | Key Player ABB, Oracle, Schneider Electric, Siemens, Cisco

June 02
18:58 2021
Active Network Management Market Growing at a CAGR 15.6% | Key Player ABB, Oracle, Schneider Electric, Siemens, Cisco

General Electric (US), ABB (Switzerland), Siemens (Germany), Schneider Electric SE (France), Itron (US), Landis+Gyr (Switzerland), Cisco (US), IBM (US), Oracle (US), Indra Sistemas (Spain), Chemtrols (India), Camlin (Ireland), Smarter Grid Solutions (UK), ZIV (France), and Argand Solutions (UK).
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

The global Active Network Management 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 2018–2023. Major driving factors for the market include a rising need for smart grid optimization via automation for efficient transmission of electricity, growth in renewable energy (solar and wind power) commercialization, and increasing demand for uninterruptible transmission of electricity among end users.

The energy and utilities segment to grow at a higher CAGR from 2018 to 2023

Energy and utility businesses are witnessing numerous technology revolutions to meet the changing trends of energy consumption. A majority of the energy and utilities players in the ecosystem are focusing on energy costs and environmental concerns as a key part of their strategy. The complexity of networks in industrial systems is the biggest challenge to critical infrastructures, particularly in the energy and utilities sector. This sector comprises water utilities, oil and gas distribution networks, and electric power transmission, and is largely dependent on the IT and telecommunications infrastructure for improving the efficiency and reliability of the utilities. With the adoption of smart grid technologies, the energy and utilities sector can address challenges such as providing grid resiliency and reliable power to the consumers. The energy and utilities segment is expected to register growth at a higher CAGR in the ANM market during 2018–2023

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Increasing adoption of ANM services to drive the ANM market during 2018–2023

The ANM market is segmented by services into professional and managed services. Out of these, the managed services segment is expected to grow at a higher CAGR from 2018 to 2023, as there is an increase in the number of customers demanding for managed services across the globe, subsequently demand for solution to helps monitor and control the operations of all network components, such as smaller energy generators, renewable generation, and storage devices. The software segment is estimated to have a larger market size in 2018, due to the increased adoption of advanced power management solutions across the globe. As the demand for additional solutions and systems continues to increase due to the technological advancements in the ANM market, the need for well-designed, efficient, and reliable services becomes increasingly vital.

Major vendors in the 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). These players have adopted various growth strategies such as new product launches and partnerships, agreements, and collaborations to enhance their presence in the global ANM market. Partnerships and new product launches have been the most widely adopted strategies by major players from 2016 to 2018 and helped them innovate on their offerings and broaden their customer base.

ABB is a pioneer technology leader in power and automation, which increases productivity and reduces the impact on the environment from utility, industry, and transport, and infrastructure. ABB offers a robust portfolio of products, solutions, and services for the energy and utilities market, to meet the customers’ rapidly changing requirements. The company’s power system division involves water, gas, and electric utilities. The power division offers smart grid and network management in its electric utility segment. The division is responsible for direct selling to end users, such as transmission, distribution, and power generating operators or the owners of the power plant. The power division contributes a significant part to the total revenue generation. The ABB Network Manager ADMS is a real-time system that helps the utility manage operations in a distribution control center. The company is focusing on increasing its investments in R&D. In 2017, 2016, and 2015, ABB invested about 4.1%, 3.8%, and 3.8%, respectively, of its total revenues in R&D. ABB’s R&D specifically develops system and equipment, and focusing on customer and project orders. The company is also targeting emerging markets of Southeast Asia, India, Latin America, and Africa. At the same time, it is also focusing on strengthening its position in developed countries, especially, France, Germany, and the UK.

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Siemens has maintained a leading position in the ANM market with its innovative and cutting-edge technological developments. The company’s earnings are solid, and it is managing its risk in a proper manner. The company’s Spectrum Power active network management helps utilities industries detect the faults by analyzing the smart grid networks. The company focuses on strategic alliances and partnerships with high-technology companies to create integrated solutions and services. In August 2012, the company signed an alliance with Intergraph for enhancing its smart grid distribution management solution. Siemens has invested 5.9%, 5.7%, and 5.5% of total revenue in R&D during 2015, 2014, and 2013, respectively. The incremental investment in R&D is keeping the company a step ahead in innovation and delivering new offerings to its customers.

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