Active Network Management Market 2020: Industry Overview, Opportunities, In-Depth Analysis And Forecasts, Outlook -2027, Latest Trending Report with Market Players ABB Ltd, Chemtrols Industries Pt. Ltd., Cisco Systems, Inc., General Electric, IBM Corporat

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.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the business for future challenges in advance.

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The research offers a detailed segmentation of the active network management market. Key segments analyzed in the research include Application Type, Industry Type, Geography and more. Extensive analysis of sales, revenue, growth rate, and market share of each Application Type, Industry Type for the historic period and the forecast period is offered with the help of tables.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

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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.

The report offers key drivers that propel the growth in the active network management market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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Key Findings of the Active Network Management Market:

The automation application accounted for the highest share of the global market in 2016, growing at a CAGR of 13.8% from 2017 to 2023.

North America generated the highest revenue in 2016, valued at $166 million.

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

The U.S. dominated the global market in 2016. In addition, Canada, China, India, Japan, and the other emerging markets are anticipated to provide significant opportunities for major players.

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