Research Nester’s recent market research analysis on “Active Network Management Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global active network management market in terms of market segmentation by component, enterprise size, verticals, application, and by region.

Growing Demand for Smart Energy Planning to Promote Global Market Share of Active Network Management
The market for active network management is expanding as a result of the widespread use of Internet of Things (IoT)-connected devices throughout utility environments. By 2030, there will be over 29 billion Internet of Things (IoT) devices globally, almost doubling from 15.1 billion in 2020. With an estimated 8 billion IoT devices in use, China will have more consumer IoT devices than any other country by 2030. The market would also expand as a result of businesses' increasing need to reduce costs and capital expenditures, decrease time to market, and improve operational efficiencies. Furthermore, the prerequisites that companies have for implementing cloud apps are mostly determined by their ambitions for network development and digital transformation. Many businesses are altering the metrics they use to assess traditional network performance criteria and customer experience delivery.

Some of the major growth factors and challenges that are associated with the growth of the global active network management market are:
Growth Drivers:
• Surge in Requirement for Effective Power Management Systems
• Rising Government Initiatives
Challenges:
The COVID-19 pandemic has resulted in a setback for almost every firm worldwide. This can be linked to various precautionary lockdowns and other limitations imposed by governments worldwide, which resulted in notable disruptions to each company's supply chains and manufacturing processes. This also holds for the global market for active network management. Additionally, as the outbreak has negatively affected the majority of people's overall financial situation, there has been a decrease in consumer demand as people are now more concerned with reducing non-essential spending from their budgets. The aforementioned factors most likely have an impact on the global active network management market's revenue trajectory. The COVID-19 outbreak and lack of robust IT are some of the major factors anticipated to hamper the global market size of active network management.

Access our detailed report at: https://www.researchnester.com/reports/active-network-management-market/5605

By application, the global active network management market is segmented into grid asset monitoring, real-time monitoring, automation, and power. The grid asset monitoring segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The need for smart grids has increased as environmental concerns have grown. The world invested about USD 25 billion in energy storage and smart networks between January 2022 and September 2022, despite the sharp rise in energy use over the years. Investments in energy storage companies are expected to rise since they are crucial to the transition from fossil fuels to renewable energy sources. Because of the increased demand for electricity, renewable energy sources are contributing more to grids than was originally planned. Transformer monitoring is essential since defective or old transformers account for more than 70% of maintenance costs and downtime.

By region, the Europe active network management market is to generate the highest revenue by the end of 2036. The increasing ICT expenditures by governments across developed and emerging nations will propel the active network management market's adoption. Through the monitoring and control of various energy infrastructure components, including generators, power storage devices, and renewable energy generation, active network management offers sophisticated power distribution capabilities.

This report also provides the existing competitive scenario of some of the key players of the global active network management market which includes company profiling of Expeto, Inc., Schneider Electric SE, Argand Solutions, ABB Ltd., General Electric Company, Smarter Grid Solutions Ltd., Oracle CORPORATION, Cisco Systems Inc., IBM Corporation, and others.