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North America Active Network Management Market Forecast to 2031 - Regional Analysis - by Component (Software and Services), Industry (Energy and Utilities, Transportation, Oil and Gas, Manufacturing, and Others), Application (Grid Asset Management, Real-T

Publisher The Insight Partners
Published Oct 03, 2024
Length 91 Pages
SKU # TIP19411815

Description

North America Active Network Management Market Forecast to 2031 - Regional Analysis - by Component (Software and Services), Industry (Energy and Utilities, Transportation, Oil and Gas, Manufacturing, and Others), Application (Grid Asset Management, Real-Time Monitoring, and Automation), and Organization Size (Small and Medium Enterprises and Large Enterprises)


The North America active network management market was valued at US$ 506.64 million in 2023 and is expected to reach US$ 1,714.89 million by 2031; it is estimated to register at a CAGR of 16.5% from 2023 to 2031.

Integration of AI-driven Optimization Fuels North America Active Network Management Market

The integration of AI-driven optimization promises enhanced efficiency, performance, and responsiveness in network operations, leading to more intelligent and sustainable networks. AI network monitoring offers several benefits, including predictive analysis to automatically identify and remediate network issues, chatbot alerts, digital experience monitoring, and traffic engineering. By leveraging AI, network operators can optimize data routing, reduce congestion and latency, dynamically allocate resources based on demand, and detect potential cyber threats. These capabilities contribute to improved network performance, reliability, and security.

In April 2024, Databricks, a leading Data and AI company, unveiled the Data Intelligence Platform for Energy. This cutting-edge platform brings the transformative capabilities of AI to the energy sector, empowering enterprises to leverage the wealth of energy data available and develop innovative AI applications while safeguarding their data privacy and confidential intellectual property. With Databricks' Data Intelligence Platform for Energy, energy leaders can gain a comprehensive, real-time view of their operations, enabling them to proactively address maintenance requirements, minimize unplanned downtime, make accurate energy generation forecasts, and make informed decisions toward achieving a more efficient and sustainable future. As AI tools continue to advance, there is potential for further innovation and optimization in network operation.

North America Active Network Management Market Overview

The North America active network management market is experiencing significant growth owing to the surge in demand for smart city projects across the globe. As urbanization accelerates, governments and organizations are increasingly investing in smart city initiatives to enhance sustainability, efficiency, and quality of life. Active network management plays a crucial role in ensuring the smooth operation of these complex energy networks, making it a vital component of the smart city infrastructure. Smart cities leverage advanced technologies to optimize urban services, including transportation, energy, waste management, and public safety. These projects require a robust and interconnected network infrastructure to enable seamless communication between devices, systems, and stakeholders. Active network management systems excel in managing the intricate web of sensors, meters, grids, and other smart city components, ensuring efficient energy distribution, grid stability, and reliable service delivery.

The North America North America active network management market is segmented into the US, Canada, and Mexico. Governments across North America are also launching smart grid initiatives. For example, the US Department of Energy (DOE) has issued a Request for Information (RFI) for the Grid Resilience and Innovation Partnership Program, which aims to enhance the resilience and reliability of America's electric grid. This program includes a grant of US$ 3 billion for the smart grid. Active network management plays a crucial role in smart grids by enabling real-time management of power generation and consumption. Thus, strategic initiatives by the government and constant investments in smart grids are the key factors expected to drive the growth of the North America active network management market.

North America Active Network Management Market Revenue and Forecast to 2031 (US$ Million)

North America Active Network Management Market Segmentation

The North America active network management market is segmented based on component, industry, application, organization size, and country.

Based on component, the North America active network management market is bifurcated into software and services. The software segment held a larger share in 2023.

In terms of industry, the North America active network management market is segmented into energy & utilities, transportation, oil & gas, manufacturing, and others. The energy & utilities segment held the largest share in 2023.

By application, the North America active network management market is segmented into grid asset management, real-time monitoring, and automation. The grid asset management segment held the largest share in 2023.

In terms of organization size, the North America active network management market is bifurcated into small & medium enterprises and large enterprises. The large enterprises segment held a larger share in 2023.

Based on country, the North America active network management market is categorized into the US, Canada, and Mexico. The US dominated the North America active network management market in 2023.

ABB Ltd, Cisco Systems Inc, International Business Machines Corp, Oracle Corp, Siemens AG, GE Grid Solutions, Camlin Group, and Smarter Grid Solutions are some of the leading companies operating in the North America active network management market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America active network management market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in North America active network management market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

Table of Contents

91 Pages
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.3 Hypothesis formulation:
3.4 Macro-economic factor analysis:
3.5 Developing base number:
3.6 Data Triangulation:
3.6.1 Country level data:
4. North America Active Network Management Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Active Network Management Market - Key Market Dynamics
5.1 North America Active Network Management Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Need for Efficient Power Management Solutions
5.2.2 Surging Number of Smart City Initiatives
5.2.3 Growth in Renewable Energy Generation
5.3 Market Restraints
5.3.1 High Deployment Cost
5.4 Market Opportunities
5.4.1 Rising Deployment of IoT/Connected Devices across Energy and Utilities
5.4.2 Increasing Adoption of Real-Time Grid Monitoring
5.5 Future Trends
5.5.1 Integration of AI-driven Optimization
5.6 Impact of Drivers and Restraints:
6. Active Network Management Market -North America Market Analysis
6.1 Overview
6.2 North America Active Network Management Market Revenue (US$ million), 2021-2031
6.3 North America Active Network Management Market Forecast Analysis
7. North America Active Network Management Market Analysis - by Component
7.1 Software
7.1.1 Overview
7.1.2 Software: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
7.2 Services
7.2.1 Overview
7.2.2 Services: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
8. North America Active Network Management Market Analysis - by Industry
8.1 Energy and Utilities
8.1.1 Overview
8.1.2 Energy and Utilities: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
8.2 Transportation
8.2.1 Overview
8.2.2 Transportation: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
8.4 Manufacturing
8.4.1 Overview
8.4.2 Manufacturing: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
8.5 Others
8.5.1 Overview
8.5.2 Others: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
9. North America Active Network Management Market Analysis - by Application
9.1 Grid Asset Management
9.1.1 Overview
9.1.2 Grid Asset Management: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
9.2 Reat-Time Monitoring
9.2.1 Overview
9.2.2 Real-Time Monitoring: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
9.3 Automation
9.3.1 Overview
9.3.2 Automation: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
10. North America Active Network Management Market Analysis - by Organization Size
10.1 Small and Medium Enterprises
10.1.1 Overview
10.1.2 Small and Medium Enterprises: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
10.2 Large Enterprises
10.2.1 Overview
10.2.2 Large Enterprises: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
11. North America Active Network Management Market -Country Analysis
11.1 North America
11.1.1 North America: Active Network Management Market - Revenue and Forecast Analysis - by Country
11.1.1.1 North America: Active Network Management Market - Revenue and Forecast Analysis - by Country
11.1.1.2 United States: Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
11.1.1.2.1 United States: Active Network Management Market Breakdown, by Component
11.1.1.2.2 United States: Active Network Management Market Breakdown, by Industry
11.1.1.2.3 United States: Active Network Management Market Breakdown, by Application
11.1.1.2.4 United States: Active Network Management Market Breakdown, by Organization Size
11.1.1.3 Canada: Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
11.1.1.3.1 Canada: Active Network Management Market Breakdown, by Component
11.1.1.3.2 Canada: Active Network Management Market Breakdown, by Industry
11.1.1.3.3 Canada: Active Network Management Market Breakdown, by Application
11.1.1.3.4 Canada: Active Network Management Market Breakdown, by Organization Size
11.1.1.4 Mexico: Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
11.1.1.4.1 Mexico: Active Network Management Market Breakdown, by Component
11.1.1.4.2 Mexico: Active Network Management Market Breakdown, by Industry
11.1.1.4.3 Mexico: Active Network Management Market Breakdown, by Application
11.1.1.4.4 Mexico: Active Network Management Market Breakdown, by Organization Size
12. Competitive Landscape
12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Expansion
13.5 Partnerships and Collaboration
14. Company Profiles
14.1 ABB Ltd
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Cisco Systems Inc
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 International Business Machines Corp
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Oracle Corp
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Siemens AG
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 GE Grid Solutions
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Camlin Group
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Smarter Grid Solutions
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
15. Appendix
15.1 Glossary
15.2 About The Insight Partners
LIST OF TABLES
Table 1. North America Active Network Management Market Segmentation
Table 2. List of Vendors
Table 3. North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Table 4. North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million) - by Component
Table 5. North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million) - by Industry
Table 6. North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million) - by Application
Table 7. North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million) - by Organization Size
Table 8. North America: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Country
Table 9. United States: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Component
Table 10. United States: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Industry
Table 11. United States: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Application
Table 12. United States: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Organization Size
Table 13. Canada: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Component
Table 14. Canada: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Industry
Table 15. Canada: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Application
Table 16. Canada: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Organization Size
Table 17. Mexico: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Component
Table 18. Mexico: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Industry
Table 19. Mexico: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Application
Table 20. Mexico: Active Network Management Market - Revenue and Forecast to 2031(US$ million) - by Organization Size
Table 21. Heat Map Analysis By Key Players
LIST OF FIGURES
Figure 1. North America Active Network Management Market Segmentation, by country
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Active Network Management Market Revenue (US$ million), 2021-2031
Figure 6. North America Active Network Management Market Share (%) - by Component (2023 and 2031)
Figure 7. Software: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 8. Services: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 9. North America Active Network Management Market Share (%) - by Industry (2023 and 2031)
Figure 10. Energy and Utilities: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 11. Transportation: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 12. Oil and Gas: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 13. Manufacturing: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 14. Others: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 15. North America Active Network Management Market Share (%) - by Application (2023 and 2031)
Figure 16. Grid Asset Management: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 17. Real-Time Monitoring: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 18. Automation: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 19. North America Active Network Management Market Share (%) - by Organization Size (2023 and 2031)
Figure 20. Small and Medium Enterprises: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 21. Large Enterprises: North America Active Network Management Market - Revenue and Forecast to 2031 (US$ million)
Figure 22. North America: Active Network Management Market by Key Countries - Revenue (2023) US$ Million
Figure 23. North America: Active Network Management Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 24. United States: Active Network Management Market - Revenue and Forecast to 2031(US$ million)
Figure 25. Canada: Active Network Management Market - Revenue and Forecast to 2031(US$ million)
Figure 26. Mexico: Active Network Management Market - Revenue and Forecast to 2031(US$ million)
Figure 27. Company Positioning & Concentration

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