PUBLISHER: KBV Research | PRODUCT CODE: 1649326
PUBLISHER: KBV Research | PRODUCT CODE: 1649326
The Latin America, Middle East and Africa Active Network Management Market would witness market growth of 16.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Active Network Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $67.2 million by 2031. The Argentina market is showcasing a CAGR of 17.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 15.1% during (2024 - 2031).
Organizations are realizing that adopting ANM systems can significantly reduce operational costs. These solutions provide real-time visibility into network performance, enabling businesses to make more informed decisions, prevent outages, and optimize resource usage. For example, energy companies can reduce energy losses and improve grid efficiency, while telecom companies can lower network maintenance costs.
The need for faster real-time decision-making is driving the adoption of ANM systems. In industries such as telecom, transportation, and energy, there is a constant need to adapt to changing network conditions. Machine learning and AI-powered ANM solutions enable companies to make instantaneous decisions based on real-time data, enhancing overall service delivery.
The rising investments in the electricity, transport, and logistics sectors in Saudi Arabia and Brazil are expected to significantly influence this market growth in these regions. This network management systems are crucial in improving the efficiency, reliability, and resilience of energy, transport, and logistics networks. These systems help optimize energy flow across grids, reduce congestion, and balance supply and demand while integrating renewable energy sources effectively. These investments will likely increase the demand for intelligent grid and transport management solutions, key components of ANM systems. As Brazil expands its electricity grid to accommodate both traditional and renewable energy, there will be an increased demand for systems capable of managing complex networks in real-time. ANM will help monitor and adjust network operations to prevent overloads and improve energy distribution efficiency. As Brazil invests in renewable generation, active network management will be essential to balance supply and demand while minimizing interruptions to the power supply, ensuring grid resilience and reliability. In conclusion, the rising investments in infrastructure, transport, and energy sectors in Saudi Arabia and Brazil will be key drivers of the market's growth.
Based on Component, the market is segmented into Software and Service. Based on Application, the market is segmented into Real time Monitoring, Automation, Grid Asset Monitoring, and Other Application. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Industries, the market is segmented into Energy & Utility, Transportation, Government, and Other Industries. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
LAMEA Active Network Management Market Report Segmentation
By Component
By Application
By Enterprise Size
By Industries
By Country