Why Intent-Based Networking Market is growing rapidly? A10 Networks Inc., Altran, Anuta Networks, Apstra Inc., Avi Networks, Cerium Networks, Cisco Systems, Inc., Fortinet, Inc., Forward Networks, Inc., Huawei Technologies Co. Ltd., Indeni Ltd., Intention

The APAC intent-based networking market is projected to record a CAGR of more than 31% over 2019-2025, owing to the increasing digitalization across small and medium scale enterprises (SMEs). Growing deployment of virtual network across the region will further augment the product demand over the estimated timeframe.

The healthcare sector has witnessed the emergence of several applications demanding the effectiveness of intent-based networking systems in recent times. Networks in healthcare are aimed at giving organizations a dynamic and a better approach to access and security of data, necessary due to the addition of a greater number of IoT devices in the health IT infrastructure.

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Health institutions now keep a track of the new or updated technology to be launched that have the potential to simplify the processes of managing IT operations.

Children's Hospital Los Angeles, U.S., which experiences a rise in the total number of patients by 20,000 every year, reportedly leverages about 30,000 connected devices daily that include infusion pumps, medical imaging equipment, heart rate monitors, among others.

Healthcare networks are a crucial source for delivering improved patient outcomes and reduced cost of care, advantages which will help boost network capacity and advancement, invariably proliferating intent-based networking market share.

The increasing demand for commercialization of the next-generation 5G technology will propel Intent-based networking market size. Given the extreme data speeds of the 5G technology, the commercialization will enable the service providers to launch several customized virtual private networks (VPNs) targeted toward specific applications and customers.

Additionally, intent-based networking technology allows the enterprises to have software defined control over many aspects of the network including the segmentation, content filtering, Quality of Service (QoS) and malware detection. This AI-based smart technology also allows enterprises to automate the configuration of these network devices according to the changing business objectives.

Networking hardware segment is expected to grow at a CAGR of over 30% during the forecast timeframe. Networking solution providers foresee expansion of their support for 5G technology owing to the increase in data-centric applications. This will create immense demand for networking components such as routers and switches. Rapidly changing business requirements in accordance with technology change is slated to drive intent-based networking market share from networking hardware segment.

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Key industry players like Anuta Networks, Cisco Systems, Avi Networks, Huawei Technologies, Veriflow Systems, Cerium Networks, Apstra Inc, Forward Networks, Intentionet, Juniper Networks and Pluribus Networks are consistently working on the development and launch of innovative networking products.

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