Why the Intent-Based Networking Market Is Set To Explode? | Global Players are A10 Networks, Inc, Altran, Anuta Networks, Apstra, Avi Networks, Cisco, Fortinet, Huawei, Juniper Networks

Rising need to integrate numerous devices and services within businesses for employing new technologies will drive intent-based networking market size over the forecast period. Following decades of transformation, network systems have been moving away from traditional mechanisms that were complex and hard to operate, towards a more dedicated and smarter approach for managing networking tasks.

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.

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Lack of global references for networking and variations in designs depending on the organization makes providing network services difficult, which will lead to the development of suitable intent-based networking systems. Network complexity has been increasing over the years and an estimated 60% users consider that their IT environment has become more complex as compared to 2 years back.

Intent-based networking market will experience substantial demand from the need ensure the traffic flows, configurations and policies are managed according to regulatory requirements and enterprise 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.

The cloud deployment model is anticipated to achieve a steady growth rate of more than 32% over 2019-2025. The growth is mainly attributed to the growing adoption of cloud computing services across the enterprises. Network solution providers have been looking forward to developing cloud data center supporting IBN solutions that will accelerate the demand for cloud deployment model over the years ahead.

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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.

Table of Contents (ToC) of the report:

Chapter 5. Intent-based Networking Market, By Component
5.1. Key trends, by component
5.2. Networking hardware
5.2.1. Market estimates and forecast, 2014 - 2025
5.2.2. Routers
5.2.2.1. Market estimates and forecast, 2014 - 2025
5.2.3. Switches
5.2.3.1. Market estimates and forecast, 2014 - 2025
5.2.4. Firewalls
5.2.4.1. Market estimates and forecast, 2014 - 2025
5.2.5. Others
5.2.5.1. Market estimates and forecast, 2014 - 2025
5.3. Software
5.3.1. Market estimates and forecast, 2014 - 2025
5.4. Service
5.4.1. Market estimates and forecast, 2014 - 2025
5.4.2. Managed services
5.4.2.1. Market estimates and forecast, 2014 - 2025
5.4.3. Professional services
5.4.3.1. Market estimates and forecast, 2014 - 2025

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