Global Active Network Management Market
Active Network Management Market Size And Forecast
According to Verified Market Research, Global Active Network Management Market was valued at USD 647.90 Million in 2018 and is projected to reach USD 1,989.37 Million by 2026, growing at a CAGR of 14.98% from 2019 to 2026.
Global Active Network Management Market Outlook
The growing demand for the uninterruptable electricity supply and integration of the energy-efficient distribution system is the primary factor fueling the growth of the market. In addition, the increasing utilization of renewable energy resources is the other factor contribute to market growth. Moreover, the increasing need for optimization of the smart grid to enhance the electricity transmission led to imposing a positive outlook on the market. However, the huge deployment cost associated with the active network management technology, expected to hamper the market growth.
Global Active Network Management Market Competitive Landscape
The Global Active Network Management Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as IBM, ABB, Siemens, General Electric, Schneider Electric SE, Itron, Landis+Gyr, Cisco, Oracle, and Smarter Grid Solutions.
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