North America Active Network Management Market Forecast to 2031

At 16.5% CAGR, North America Active Network Management Market is Speculated to be Worth US$ 1,714.89 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, 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, registering a CAGR of 16.5% from 2023 to 2031. Increasing need for efficient power management solutions and surging number of smart city initiatives are among the critical factors attributed to the North America active network management market expansion.

Active network management harnesses advanced technologies and intelligent algorithms to optimize power distribution, enabling businesses to achieve significant improvements in efficiency. As businesses strive to minimize energy waste, reduce costs, and enhance sustainability, the concept of active network management has emerged as a vital tool. Furthermore, the rise in energy costs and environmental concerns have prompted organizations to prioritize energy efficiency.

Active network management enables businesses to monitor and control power distribution networks in real time actively. This proactive approach allows for the identification of inefficiencies, such as overloading or underutilization of power resources, and the implementation of immediate corrective actions. By optimizing power distribution, active network management helps reduce energy waste, resulting in substantial cost savings and environmental benefits. Further, the implementation of the US Inflation Reduction Act is one of the few noteworthy initiatives in the business landscape. These initiatives are expected to offer benefits to regions as well as country in reduction of energy wastage.

On the contrary, high deployment cost hampers the growth North America active network management market.

Based on component, the North America active network management market is bifurcated into software and services. The software segment held 66.2% share of the North America active network management market in 2023, amassing US$ 335.43 million. It is projected to garner US$ 1,163.58 million by 2031 to expand at 16.8% CAGR during 2023-2031.

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 32.5% share of the North America active network management market in 2023, amassing US$ 164.68 million. It is estimated to garner US$ 608.72 million by 2031 to expand at 17.8% CAGR during 2023-2031.

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 40.9% share of North America active network management market in 2023, amassing US$ 207.12 million. It is predicted to garner US$ 652.02 million by 2031 to expand at 15.4% CAGR during 2023-2031.

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 62.5% share of the North America active network management market in 2023, amassing US$ 316.70 million. It is estimated to garner US$ 1,046.72 million by 2031 to expand at 16.1% CAGR during 2023-2031.

Based on country, the North America active network management market is categorized into the US, Canada, and Mexico. The US held 85.2% share of North America active network management market in 2023, amassing US$ 431.63 million. It is projected to garner US$ 1,481.89 million by 2031 to expand at 16.7% CAGR during 2023-2031.

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

o 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.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o 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.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o 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

1. Introduction
1.1 The Research Team 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 Research Team

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