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Active Network Management Market is Creating a High Interest for Investors by 2023

03-04-2020 09:11 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Active Network Management Market

Active Network Management Market

The Objective of the "Active Network Management Market" report is to depict the trends and upcoming for the Active Network Management industry over the forecast years. Active Network Management Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

The global active network management market was valued at $451 million in 2016, and is projected to reach $1,173 million by 2023, growing at a CAGR of 14.9% from 2017 to 2023.

Access full summary report at https://www.alliedmarketresearch.com/active-network-management-market

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.

Get Sample Report for More Details at https://www.alliedmarketresearch.com/request-sample/2847

The key players profiled in the study are ABB Ltd, Chemtrols Industries Pt. Ltd., Cisco Systems, Inc., General Electric, IBM Corporation, Kelvatek Ltd., Oracle Corporation, Schneider Electric SE, Siemens AG, and Smarter Grid Solution. All these players are involved in the competitive strategies, such as geographical expansion, mergers & acquisitions, product portfolio expansion, and partnership to augment the active network management market growth.

North America was the highest revenue contributor in 2016, accounting for around 36.7% share of the overall market. In addition, Asia-Pacific is projected to grow at the highest CAGR of 17.8% during the forecast period, driven by growth in investment on electric generation for various industry verticals such as energy & utility, transportation, government, construction, and others. The prominent markets, such as North America, Europe, and Asia-Pacific, provide growth opportunities to the global active network management market. Moreover, growth in adoption of real-time monitoring of grids is anticipated to fuel the active network management market growth in the near future.

Inquire more about this report at https://www.alliedmarketresearch.com/purchase-enquiry/2847

The service segment dominated the global active network management market, in terms of growth, during the forecast period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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