North America Active Network Management Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

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)

No. of Pages: 91    |    Report Code: BMIRE00030818    |    Category: Technology, Media and Telecommunications

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

Strategic insights for the North America Active Network Management provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Active Network Management Report Scope

Report Attribute Details
Market size in 2023 US$ 506.64 Million
Market Size by 2031 US$ 1,714.89 Million
Global CAGR (2023 - 2031) 16.5%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Solution and Services
By Deployment
  • On-premises and Cloud-based
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • ABB Ltd
  • Cisco Systems Inc
  • International Business Machines Corp
  • Oracle Corp
  • Siemens AG
  • GE Grid Solutions
  • Camlin Group
  • Smarter Grid Solutions
    		•
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    North America Active Network Management Regional Insights

    The geographic scope of the North America Active Network Management refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    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.

    Identical Market Reports with other Region/Countries

    The List of Companies - North America Active Network Management Market

    1. ABB Ltd
    2. Cisco Systems Inc
    3. International Business Machines Corp
    4. Oracle Corp
    5. Siemens AG
    6. GE Grid Solutions
    7. Camlin Group
    8. Smarter Grid Solutions
    Frequently Asked Questions
    How big is the North America Active Network Management Market?

    The North America Active Network Management Market is valued at US$ 506.64 Million in 2023, it is projected to reach US$ 1,714.89 Million by 2031.

    What is the CAGR for North America Active Network Management Market by (2023 - 2031)?

    As per our report North America Active Network Management Market, the market size is valued at US$ 506.64 Million in 2023, projecting it to reach US$ 1,714.89 Million by 2031. This translates to a CAGR of approximately 16.5% during the forecast period.

    What segments are covered in this report?

    The North America Active Network Management Market report typically cover these key segments-

  • Component (Solution and Services)
  • Deployment (On-premises and Cloud-based)

    • What is the historic period, base year, and forecast period taken for North America Active Network Management Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Active Network Management Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2031
    • Who are the major players in North America Active Network Management Market?

    The North America Active Network Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • ABB Ltd
  • Cisco Systems Inc
  • International Business Machines Corp
  • Oracle Corp
  • Siemens AG
  • GE Grid Solutions
  • Camlin Group
  • Smarter Grid Solutions
    • Who should buy this report?

    The North America Active Network Management Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Active Network Management Market value chain can benefit from the information contained in a comprehensive market report.

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