Global Intent-based Networking Market Set to Hit $8.9 Billion by 2031

Meticulous Research® recently published a report titled "intent-based networking market by Offering, Deployment Mode, Organization Size, Application, End User, and Geography - Global Forecast to 2031." According to the study, the global intent-based networking market is projected to reach $8.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 23.9% from 2024 to 2031. The increasing complexity of network infrastructures, the demand for agility and efficiency, and the need for Zero-touch Provisioning (ZTP) and unified network visibility are driving the market's expansion. However, the lack of standardization remains a challenge to growth.

The integration of Artificial Intelligence (AI) and Machine Learning (ML) with networking solutions, along with the rising adoption of cloud-based networking, is expected to create substantial opportunities for market players. However, challenges in deploying and integrating intent-based networking solutions pose a significant obstacle.

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The market is segmented into several key areas, including offerings, deployment modes, organization sizes, applications, end-users, and geographical regions. The offerings segment includes both solutions and services, with the solutions segment expected to dominate the market in 2024, capturing over 60% of the market share. The growth in this segment is attributed to increasing R&D investments and the demand for dynamic connectivity from communication service providers. However, the services segment is expected to grow at the highest rate during the forecast period, driven by the need for network integration services and advanced automation solutions.

In terms of deployment mode, the market is divided into on-premise and cloud-based options. On-premise deployment is expected to hold the majority share of over 64% in 2024, owing to its popularity among large enterprises seeking comprehensive security and custom configurations. On-premise solutions offer enhanced visibility, improved security, and better compliance with business objectives. Meanwhile, cloud-based deployment is forecasted to experience the highest growth rate due to its flexibility and cost-effectiveness, making it an attractive option for enterprises looking to manage complex networks efficiently.
Organization size is another key segment, with small and medium-sized enterprises (SMEs) anticipated to account for over 63% of the market share by 2024. This growth is driven by SMEs' need for secure and efficient networking environments and the adoption of intent-based networking solutions across various industries such as healthcare, education, and retail.

From an application standpoint, the intent-based networking market is categorized into network automation & orchestration, policy enforcement & security, dynamic network optimization, and network monitoring & analytics. Network monitoring & analytics is expected to hold the largest share at 36% in 2024, driven by the growing demand for security and real-time network insights. The automation & orchestration segment is poised for the highest growth, fueled by increasing demand for automated, secure systems in industries such as healthcare.

Looking at the end-user segment, data centers are projected to lead the market with a 42% share in 2024. This growth is due to the rising need for automation in data centers to streamline operations and reduce costs. Enterprises, including those in IT & telecommunications, manufacturing, and healthcare, are also expected to witness rapid adoption of intent-based networking solutions.

Regionally, North America is expected to dominate the market with a 37% share in 2024, driven by advancements in network automation and infrastructure. Asia-Pacific is projected to register the highest CAGR, primarily due to the increasing adoption of Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) by enterprises.

Key Players
The key players operating in the global intent-based networking market are Arista Networks, Inc. (U.S), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc (U.S.), Fortinet, Inc. (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), IBM Corporation(U.S.), Anuta Networks International LLC (U.S.), NetBrain Technologies, Inc. (U.S.), Forward Networks, Inc. (U.S.), Gluware, Inc. (U.S.), NetYCE BV (Netherlands), AppViewX (U.S.), and Itential (U.S.).

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Key questions answered in the report-
• Which are the high-growth market segments in terms of offering, deployment mode, organization size, application, and end user?
• What is the historical market for intent-based networking across the globe?
• What are the market forecasts and estimates for the period of 2024-2031?
• What are the major drivers, restraints, opportunities, challenges, and trends in the global intent-based networking market?
• Who are the major players in the global intent-based networking market, and what are their market shares?
• How is the competitive landscape?
• What are the recent developments in the global intent-based networking market?
• What do the major players in the market adopt the different strategies?
• What are the geographic trends and high-growth countries?
• Who are the emerging players in the global intent-based networking market, and how do they compete with the other players?

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