Active Network Management Market Regional Analysis:
North America Market Insights
Active Network Management market in the North America, amongst the market in all the other regions, is anticipated to hold the largest with a share of about 35% by the end of 2035. The market growth in the region is also expected on account of presence of the well-equipped infrastructure. Additionally, two of the biggest companies in North America's market, General Electric and Oracle Corporation, are making significant investments in smart power distribution technologies. Innovative active network management solutions are developed by vendors in this market to meet the needs of several business verticals, such as government, transportation, and energy & utilities. According to a report in 2021, the advanced (smart) metering infrastructure (AMI) installations held by US electric utilities accounted for around 111 million installations, or almost 69% of all electric meter installations.
APAC Market Insights
The APAC region will also encounter huge growth for the active network management market during the projection period and will hold the second position owing to the growing adoption of automated applications. Industry players understand how critical it is to integrate the production of conventional and renewable energy sources effectively.
Moreover, the market is anticipated to expand quickly throughout the projection period due to the spike in industrialization in rising nations like China, South Korea, and India.
