The North America Active Network Management Market would witness market growth of 13.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Active Network Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $789.6 million by 2031. The Canada market is experiencing a CAGR of 16.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.4% during (2024 - 2031).
This market is experiencing significant growth as utilities, telecom operators, and industries seek to improve their network operations' efficiency, reliability, and sustainability. This network management refers to a set of technologies and practices to ensure the dynamic optimization and management of network resources in real-time. These solutions monitor, control, and optimize the network infrastructure to maximize operational performance, reduce downtime, and lower costs.
Active network management finds applications in various sectors where optimizing the network performance is critical to service delivery and operational efficiency. The telecommunications industry is one of the primary beneficiaries of ANM systems. Telecom operators must ensure the uninterrupted flow of data across increasingly complex networks. By leveraging ANM systems, telecom companies can dynamically manage network traffic, allocate resources efficiently, and provide a seamless experience for end-users.
Canada’s marine transportation sector played a vital role in the country’s economy, with $151 billion in exports and $194 billion in imports. This level of trade activity has significant implications for the energy sector, as port authorities and shipping routes require a stable and efficient energy supply. With over 339 million tons of cargo handled across Canadian ports, energy demand will increase in and around these ports. ANM systems will help ensure energy is distributed efficiently to port facilities, reducing energy waste and ensuring continuous operations. Mexico aims to produce 35 percent of its electricity from clean energy sources by 2024, including from renewable and non-renewable sources such as nuclear and cogeneration, highlighting the need for improved grid management. As Mexico advances its clean energy transition, the role of this network management systems will become critical to ensuring that the integration of diverse energy sources is managed efficiently. Thus, the rise of marine transportation in Canada and Mexico’s ambitious clean energy goals are expected to significantly drive the market's growth.
Free Valuable Insights: The Active Network Management Market is Predict to reach USD 3.18 Billion by 2031, at a CAGR of 14.5%
Based on Component, the market is segmented into Software and Service. Based on Application, the market is segmented into Real time Monitoring, Automation, Grid Asset Monitoring, and Other Application. Based on Enterprise Size, the market is segmented into Large Enterprises and SMEs. Based on Industries, the market is segmented into Energy & Utility, Transportation, Government, and Other Industries. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Application
By Enterprise Size
By Industries
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