Intent-Based Networking (IBN) Market Outlook 2024: Exclusive Report By The Business Research Company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2431

The Business Research Company offers in-depth market insights through Intent-Based Networking (IBN) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The intent-based networking (ibn) market size has grown exponentially in recent years. It will grow from $1.38 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The growth in the historic period can be attributed to past technological disruptions, competitive landscape, education and awareness, industry demand shifts, network complexity..

The intent-based networking (ibn) market size is expected to see exponential growth in the next few years. It will grow to $4.94 billion in 2028 at a compound annual growth rate (CAGR) of 28.7%. The growth in the forecast period can be attributed to rapid technological innovation, industry-specific requirements, enhanced awareness and education, market competition dynamics.. Major trends in the forecast period include future technological disruptions, agility and flexibility needs, edge computing evolution, cloud migration, scalability requirements..

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Market Segmentation:
The intent-based networking (ibn) market covered in this report is segmented -

1) By Component Type: Networking Hardware Components, Software, Service
2) By Deployment Model: On-premise, On cloud
3) By Application: Healthcare, BFSI, IT And Telecom, Manufacturing, Government And Defense, Other Applications

Major Driver - IOT Proliferation Is Fueling The Surge In Intent-Based Networking Market Growth
An increasing number of IoT devices is expected to boost the growth of the intent-based networking market going forward. IoT devices refer to nonstandard computing devices that can connect to a network wirelessly and provide data. Intent-based networking aids in network management by taking into account not just the technologies employed but also the IT systems, people, data, and services that support IT operations. For instance, according to Dataport, a Germany-based public-service provider, in 2021, more than 10 billion IoT devices were in use. It is anticipated that by 2030, there will be more than 25.4 billion active IoT devices. By 2025, IoT devices will connect to the internet 152,200 times every minute. Therefore, the increasing number of IoT devices is driving the growth of the intent-based networking market.

Competitive Landscape:
Major companies operating in the intent-based networking (ibn) market report are Cisco Systems Inc., Forward Networks Inc., Huawei Technologies Co. Ltd., Anuta Networks Inc., Cerium Networks Inc., A10 Networks Inc., Arista Networks Inc., Indeni Ltd., Mode Group Inc., Juniper Networks Inc., Capgemini Engineering Ltd., Avi Networks Inc., Fortinet Inc., Altran Technologies SA, Nokia Corporation, Extreme Networks Inc., Apcela LLC, Veriflow Systems Inc., 128 Technology Inc., Plexxi Inc., Netcracker Technology Corporation, Ciena Corporation, NEC Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Riverbed Technology Inc., Versa Networks Inc., Gluware Inc., VMware Inc. .

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Top Trend - Netbrain Technologies Inc. Introduces Groundbreaking Problem Diagnosis Automation System (PADS) In The Intent-Based Networking Market
Technological advancements have emerged as the key trend gaining popularity in the intent-based networking market. Major companies operating in the intent-based networking market are developing innovative technologies to strengthen their position in the market. For instance, in February 2022, NetBrain Technologies Inc., a US-based provider of intent-based network automation and visibility solutions, launched the new Problem Diagnosis Automation System (PDAS). Some of the unique features of the Problem Diagnosis Automation System are its patented network intent technology, which allows operations to declare network intent without writing a single line of code that specifies and enforces baseline intentions. The Problem Diagnosis Automation System (PDA) is specifically designed to significantly minimize the time required to diagnose network issues as well as to avoid disruptions caused by human error.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Intent-Based Networking (IBN) Market Characteristics
3. Intent-Based Networking (IBN) Market Trends And Strategies
4. Intent-Based Networking (IBN) Market - Macro Economic Scenario
5. Intent-Based Networking (IBN) Market Size And Growth
…..
27. Intent-Based Networking (IBN) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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