Describe the feature:
The current panel action menu has little visual prioritization and potentially a long list of options that causes the user to read through all options to decided which they want.
Re-organizing and segmenting the menu can help scanning through the options and promote common actions.

Current screenshots:

Update:

Describe a specific use case for the feature:
As we add more functionality to these panels, we need to make sure the structure scales and new features don't get lost in a long list of menu items.

Some questions to help guide this:

1. What are all the different scenarios for this menu? View/Edit/Licensing
2. What are the common actions that we should promote? Is there any customer feedback we can review?
3. Do the icons still represent the action with which they are associated? Does this scale?
4. What are some current restrictions we need to consider?

cc @AlonaNadler