The active network management market size was valued at US$ 1.29 billion in 2023 and is expected to reach US$ 4.51 billion by 2031; it is estimated to record a CAGR of 16.9% from 2023 to 2031. The report includes growth prospects in light of current active network management market trends and driving factors influencing the market growth. 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 identify automatically 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.
Real-time grid monitoring allows grid operators to have an accurate and up-to-date understanding of the electrical grid's performance, including power flows, voltages, and equipment conditions. With the increasing complexity and interconnectivity of modern power systems, real-time grid monitoring has become essential for ensuring reliable and efficient electricity delivery. Active network management involves the use of advanced software and hardware solutions to manage and optimize the operation of the electrical grid actively. By integrating real-time grid monitoring into active network management systems, grid operators can make faster and more informed decisions to maintain grid stability, reduce power outages, and optimize energy efficiency.
Active network management is a crucial component as it empowers organizations to optimize their network infrastructure and ensure seamless connectivity. In simple terms, active network management refers to the proactive monitoring, controlling, and optimization of network resources to enhance performance, reliability, and security. Furthermore, active network management involves a range of practices and technologies aimed at maximizing the efficiency and effectiveness of network operations. It encompasses activities such as real-time monitoring of network traffic, identifying and resolving potential bottlenecks, implementing load balancing mechanisms, and deploying security measures to safeguard sensitive data. Moreover, active network management plays a vital role in enhancing network security. By actively monitoring and analyzing network traffic, businesses can quickly identify and mitigate potential threats and vulnerabilities. This proactive approach empowers organizations to detect and respond to security breaches, prevent unauthorized access, and safeguard critical business information.
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.
The increasing deployment of artificial intelligence (AI), the Internet of Things (IoT), and advanced data analytics has transformed the way natural resources are processed and distributed. These technologies have enabled the development of smart and fully controlled work processes, leading to improved productivity and efficiency in the utility sector. The key technology driving the transformation of the energy and utility sector is IoT-enabled intelligent automation, which improves efficiency, increases revenue, and conserves enterprise resources. By leveraging IoT, utility companies can achieve smarter grid management, efficient energy production, and improved user experience.
The key segments that contributed to the derivation of the active network management market analysis are component, industry, application, organization size, and geography.
The geographic scope of the active network management market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
The regional trends and factors influencing the Active Network Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Active Network Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.29 Billion |
| Market Size by 2031 | US$ 4.51 Billion |
| Global CAGR (2023 - 2031) | 16.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Active Network Management Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Active Network Management Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The active network management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the XYZ market are listed below:
The "Active Network Management Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
The List of Companies - Active Network Management Market
The active network management market is expected to reach US$ 4.51 billion by 2031.
Factors such as the surging number of smart city initiatives and the increasing need for efficient power management solutions are driving the active network management market.
The active network management market was valued at US$ 1.29 billion in 2023; it is expected to record a CAGR of 16.9% during 2023–2031.
Integration of AI-driven Optimization is expected to remain a trend in the active network management market.
The key players holding majority shares in the active network management market include ABB; Cisco Systems, Inc.; GE Grid Solutions, LLC; IBM Corporation; and Camlin Group.