Press release
Intent-Based Networking Market Set to Reach $8.9 Billion by 2031: A Detailed Forecast
Meticulous Research® has released a comprehensive report titled, *'Intent-based Networking Market by Offering, Deployment Mode, Organization Size, Application (Network Automation & Orchestration, Policy Enforcement & Security, Network Monitoring & Analytics), End User, and Geography - Global Forecast to 2031'*. The report reveals that the global intent-based networking (IBN) market is expected to grow significantly, reaching $8.9 billion by 2031, with a robust compound annual growth rate (CAGR) of 23.9% during the forecast period from 2024 to 2031.The key factors propelling the market include the increasing complexity of networks, a growing demand for agile and efficient networking solutions, and the rising need for Zero-touch Provisioning (ZTP) and unified network visibility. However, a lack of standardization is expected to pose some challenges to the market's growth.
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Artificial Intelligence (AI) and Machine Learning (ML) technologies integrated into networking, alongside the growing adoption of cloud-based solutions, offer promising growth opportunities for industry players. Still, the complexities associated with deploying and integrating intent-based networking solutions remain a challenge.
The market is segmented by various factors, including offerings, deployment modes, organization sizes, applications, and end-users, with a global geographic analysis.
Based on offerings, the market is broadly divided into solutions and services. In 2024, the solutions segment is projected to dominate, accounting for over 60% of the market share due to rising R&D investments and increased demand for dynamic connectivity among communication service providers (CSPs). However, the services segment is expected to grow at the highest CAGR during the forecast period, driven by enterprises' growing requirements for network integration and advanced automation services.
By deployment mode, on-premise deployments are anticipated to hold a larger share of the market in 2024, making up over 64%. Large enterprises are driving this trend due to a rising demand for comprehensive network security, control, and custom configurations for their unique needs. However, the cloud-based deployment segment is expected to grow at the highest rate, spurred by the need to reduce infrastructure costs and manage complex network requirements.
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In terms of organization size, small and medium-sized enterprises (SMEs) are expected to account for over 63% of the market in 2024, as these businesses increasingly adopt intent-based networking solutions to create more secure, agile, and efficient working environments.
The application segment is divided into network automation and orchestration, policy enforcement and security, dynamic network optimization, and network monitoring and analytics. Network monitoring and analytics are projected to hold the largest share in 2024, at 36%, while network automation and orchestration are expected to grow the fastest, driven by the demand for smarter healthcare systems and unified network visibility.
Among the end users, data centers are projected to account for the largest market share in 2024, driven by the need to automate workflows and reduce overheads. Enterprises are also expected to see rapid growth, particularly in industries like IT & telecommunications, government, and retail.
Geographically, North America is expected to dominate the global intent-based networking market in 2024, accounting for 37% of the total market share. Meanwhile, the Asia-Pacific region is projected to grow at the fastest pace during the forecast period, driven by increasing adoption of SDN and NFV technologies by enterprises and rising demand for advanced network services.
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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.).
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?
Related Reports:
Asia-Pacific Industrial Automation Market : https://www.meticulousresearch.com/product/asia-pacific-industrial-automation-market-5647
Europe Industrial Automation Market : https://www.meticulousresearch.com/product/europe-industrial-automation-market-5639
Industrial Automation Software Market : https://www.meticulousresearch.com/product/industrial-automation-software-market-5279
Industrial Automation Sensors Market : https://www.meticulousresearch.com/product/industrial-automation-sensors-market-5281
Industrial Automation Spares Market : https://www.meticulousresearch.com/product/industrial-automation-spares-market-5256
South East Asia Industrial Automation and Process Control Market : https://www.meticulousresearch.com/product/southeast-asia-industrial-automation-process-control-market-5073
About Us
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Meticulous Market Research Inc.
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