Intent-Based Networking Market Advancement, Target Audience, Growth Prospects Predicted by 2027 | Top Companies are Waltz Networks, Networks, Inc, Mode Group, Anuta Networks and Huawei Technologies Co. Ltd

The global intent-based networking market is growing pervasively, mainly due to the advantages of IBN in increasing network efficiency continuously. IBN solutions can reduce manual tasks, such as provisioning network services, changing network configurations, or implementing new security policies. The networking industry has long been striving to make networks easier to deploy, operate, and troubleshoot.

Besides, the increasing reliance on the network and complications of limited access to physical resources further re-establish the importance of IBN. Many multinational software companies automating the data center network, which is creating substantial market demand. IBN can benefit network teams working remotely while reducing human error and automating manual tasks.

Intent-based networking has become crucial, especially post-pandemic, empowering networking teams to rapidly design and provision services. Due to the ongoing COVID-19 crisis, major IT workforces have moved to work from home or remote work frame, which has increased the need for intent-based networking more than ever. Intent-based networking is a key element to the success of digital transformations.

With the rising digitization across the major industries, the IBM market size is expected to grow continually in the years to come. According to Market Research Future (MRFR), the global intent-based networking market size is estimated to reach an exponential valuation by 2027, registering impressive CAGR through the forecast period (2020–2027).

Increasing implementations of IBN architectures to leverage its benefits to support digital transformation endeavors, influence market growth. Additionally, increasing automation throughout the network life cycle, providing up-to-date insights into the network, fosters the market's growth.

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Key Players

The prominent players in Intent-Based Networking Market are Cisco Systems, Inc. (US), Apstra Inc. (US), Veriflow Systems (US), Huawei Technologies Co Ltd (China), Juniper Networks Inc (US), Cerium Networks (US), Pluribus Networks (US), Forward Networks Inc (US), Anuta Networks (US), Indeni Ltd. (US) and others.

Segmentation

By Application, the market is segmented into data center, remote offices, and cloud
By Component, the market is segmented into hardware, software and services
By End-User, the market is segmented into BFSI, IT and telecommunication, government, defense, healthcare, and others.
By Region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
Intent-Based Networking (IBN)s Global Market - Regional Analysis

The global market for intent-based networking is estimated to grow at a high rate during the forecast period from 2018 to 2023. The geographical analysis of intent-based networking market is studied for North America, Europe, Asia-Pacific, and the rest of the world. North America is considered to be the dominating region due to presence of various key player that are launching new solutions. Cisco Systems Inc., Apstra Inc., Juniper Networks Inc are some of the leading companies in the IBN market that are present in the North America. There has been increase in the data centers in the region due to increase in use of IoT devices that are required to share the information with other devices, thus to maintain the network connectivity IBN plays an import role. Asia-Pacific is expected to be the fastest growing market due to increasing investments by the key players in the region. The increasing number of mobile users and internet penetration in the region is also fueling the growth of IBN market, as various types of information is surfed and exchange among the devices. Also, to enhance the network connectivity infrastructure in the region is expected to boost the market.

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Intent-Based Networking (IBN) Market Research Report, By Application (Data Center, Remote Office, Cloud), Component (Hardware, Software, Services), End-User (BFSI, IT and Telecommunication), Regional - Forecast till 2027

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