According to a new report, published by KBV research, The Global Active Network Management Market size is expected to reach $3.18 billion by 2031, rising at a market growth of 14.5% CAGR during the forecast period.
The Software segment captured the maximum revenue in the Global Active Network Management Market by Component in 2023, thereby, achieving a market value of $1.8 billion by 2031. This is driven by increasing demand for efficient energy distribution, real-time monitoring, and grid optimization. The adoption of smart grids, integration of renewable energy sources, and the need for enhanced network automation contributed to the dominance of this segment.
The Real time Monitoring segment is experiencing a CAGR of 13.6 % during the forecast period. The increasing focus on grid stability, energy efficiency, and cybersecurity has driven the need for real-time data collection and analysis. Real-time monitoring solutions help detect and respond to grid anomalies, enhance load balancing, and improve operational efficiency. With the rise of IoT-enabled sensors and cloud-based analytics, real-time monitoring has become essential to modern energy management and smart infrastructure development.
The Large Enterprises segment led the maximum revenue in the Global Active Network Management Market by Enterprise Size in 2023, thereby, achieving a market value of $2.2 billion by 2031. Large organizations, particularly in the energy, utilities, and telecom sectors, have been early adopters of active network management solutions to optimize their complex and large-scale network infrastructures. These enterprises require advanced solutions to enhance grid efficiency, ensure seamless integration of renewable energy sources, and manage network congestion effectively.
The Energy & Utility segment is growing at a CAGR of 13.8 % during the forecast period. The increasing integration of renewable energy sources, such as solar and wind power, into existing grids has driven the demand for efficient network management solutions. Active network management enables utilities to optimize energy distribution, reduce grid congestion, and enhance reliability. Additionally, rising investments in smart grid infrastructure and government policies promoting sustainable energy transition have further contributed to the growth of this segment.
Full Report: https://www.kbvresearch.com/active-network-management-market/
The North America region dominated the Global Active Network Management Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.1 billion by 2031. The Europe region is anticipated to grow at a CAGR of 14.3% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 15.1% during (2024 - 2031).
By Component
By Application
By Enterprise Size
By Industries
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