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Active Network Management Market Statistics: COVID-19 Impact Analysis
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Active network management (ANM) applications such as automation, real-time monitoring, and grid asset monitoring smooth the way to automatically adjust data collected by sensors and flow of power in the grids and substations.
The grid asset monitoring or more commonly known as a smart grid has gained enormous popularity in the last few years. The smart grid consists of software, automation, controls, equipment, and new technologies that work together to respond instantly to the changing electric demand. Thus, the adoption of the smart grid technologies has increased rapidly in the major forms of distribution automation (DA), advanced metering infrastructure (AMI), and distribution management systems (DMS). Several major market players have realized the potential of adding these assets to the company's ANM strategy.
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The evolution and incorporation of smart grid technologies have revolutionized the nature of asset management for energy companies. The technology develops completely novel and more complex but elegant asset classes including firmware, hardware, software, communication systems, as well as storage capabilities. Collecting large chunks of data from the intelligent endpoint is just one of the important tasks that smart grid takes care of. Energy companies can create actionable insights from the collected data, develop innovative algorithms to control the asset, and even leverage principles of machine learning to keep track of the cost of the assets, monitor performance, and estimate risks. As the energy companies are trying to incorporate smart grid assets, new trends and approaches are emerging.
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.
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Key questions answered in Active Network Management Market research study:
o What is the market growth rate of Active Network Management Market from 2017-2023?
o What will be the global market size of the market from 2017 to 2023?
o Who are the leading global manufacturing companies in the Active Network Management Market?
o What are the major current trends and predicted trends?
o What are the challenges faced in the Active Network Management Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Data Masking economy altogether and also for every segment inside?
o Which will be the Data Masking application and types and forecast accompanied closely by producers?
o What are the conclusions of the Active Network Management Market report?
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