Active Network Management Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
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.
Active Network Management Market Analysis
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 Market Overview
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.
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Active Network Management Market: Strategic Insights
Active Network Management Market
-
CAGR (2023 - 2031)
16.9%
-
Market Size 2023
US$ 1.29 Billion
-
Market Size 2031
US$ 4.51 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Need for Efficient Power Management Solutions
- Surging Number of Smart City Initiatives, Growth in Renewable Energy Generation
FUTURE TRENDS
- Integration of AI-driven Optimization
OPPORTUNITIES
- Rising Deployment of IoT/Connected Devices across Energy and Utilities
- Increasing Adoption of Real-Time Grid Monitoring
Key Players
- ABB
- Cisco Systems Inc
- GE Grid Solutions LLC
- IBM Corporation
- Camlin Group
- Oracle Corporation
- Argand Solutions
- Siemens AG
- Smarter Grid Solutions
- IV Automation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Software
- Services
Industry
- Energy and Utilities
- Transportation
- Oil and Gas
- Manufacturing
Application
- Grid Asset Management
- Real-Time Monitoring
- Automation
Organization Size
- Small and Medium Enterprises
- Large Enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Active Network Management Market: Strategic Insights
-
CAGR (2023 - 2031)16.9% -
Market Size 2023
US$ 1.29 Billion -
Market Size 2031
US$ 4.51 Billion
Market Dynamics
- Increasing Need for Efficient Power Management Solutions
- Surging Number of Smart City Initiatives, Growth in Renewable Energy Generation
- Integration of AI-driven Optimization
- Rising Deployment of IoT/Connected Devices across Energy and Utilities
- Increasing Adoption of Real-Time Grid Monitoring
Key Players
- ABB
- Cisco Systems Inc
- GE Grid Solutions LLC
- IBM Corporation
- Camlin Group
- Oracle Corporation
- Argand Solutions
- Siemens AG
- Smarter Grid Solutions
- IV Automation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Software
- Services
- Energy and Utilities
- Transportation
- Oil and Gas
- Manufacturing
- Grid Asset Management
- Real-Time Monitoring
- Automation
- Small and Medium Enterprises
- Large Enterprises
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Active Network Management Market Drivers and Opportunities
Integration of AI-driven Optimization to Favor Market
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.
Rising Deployment of IoT/Connected Devices across Energy and Utilities
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.
Active Network Management Market Report Segmentation Analysis
The key segments that contributed to the derivation of the active network management market analysis are component, industry, application, organization size, and geography.
- Based on component, the market is divided into software and services. The software segment held the largest active network management market share in 2023.
- Based on industry, the market is divided into energy and utility, transportation, oil and gas, manufacturing, and others. The energy and utilities segment held the largest share of the active network management market in 2023.
- Based on application, the market is divided into grid asset monitoring, real-time monitoring, and automation. The grid asset management segment held the largest share of the active network management market in 2023.
Active Network Management Market Share Analysis by 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 Asia Pacific active network management market is segmented into Australia, India, China, Japan, South Korea, and the Rest of Asia Pacific. Asia, which includes China, Japan, and India, is a growing market for active network management solutions, owing to increased investment in electricity generation for various industry verticals such as energy and utility, transportation, and construction. Furthermore, with rising industrialization in emerging nations such as China, South Korea, and India, the market for active network management is likely to expand rapidly during the forecast period.
- The Europe active network management market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe is focusing on the generation and use of renewable energy. For example, the European Union (EU) achieved its 20% renewable energy target in 2020. 22.5% of energy consumed in the EU in 2022 was generated from renewable sources. Due to this, the solar panels on rooftops, electric cars, and wind turbines on the horizon are becoming quite common and ordinary sights across Europe. Thus, such inclination toward the use of renewables has surged the need for the active network management solution as it offers real time energy generation management.
Active Network Management Market Report Scope
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 |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Active Network Management Market News and Recent Developments
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:
- In 2023, Siemens took a significant step to accelerate the energy transition: As an industry first, the company presented LV Insights X software, its newly developed software for low-voltage grids. The software, part of the Siemens Xcelerator portfolio, enables distribution grid operators (DSO) to tackle the most pressing challenge: the need to increase grid capacity significantly. In contrast, grids are already pushed to their limits by the fast increase of decentralized renewable energy infeed and additional consumers such as EV chargers or heat pumps. To avoid power grids from becoming the bottleneck of the energy transition, utilities urgently need to increase their grid capacity and actively manage the low-voltage grid. (Source: Simens, Press Release, 2022)
- In 2023, Expeto, Inc. partnered with Portland General Electric (PGE), a leading provider of public and private mobile networks, to speed grid modernization and renewable energy integration. Expeto's private wireless network, which Portland General Electric is facilitating, will streamline automated grid resilience, track field conditions using intelligent sensors and equipment, integrate workers for improved employee safety, and provide public grid charging stations for electric vehicles. This coordinated project aims to accelerate the deployment of renewable energy and improve the grid infrastructure. (Source: Expeto, Inc., Press Release, 2022)
Active Network Management Market Report Coverage and Deliverables
The "Active Network Management Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
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.
The List of Companies - Active Network Management Market
- ZIV Automation
- ABB Ltd
- Cisco Systems Inc
- International Business Machines Corp
- Oracle Corp
- Siemens AG
- GE Grid Solutions
- Camlin Group
- Argand Solutions
- Smarter Grid Solutions