Press release
Global Intent-Based Networking (IBN) Market: Remarkable Growth Potential with CAGR of 28.8% in 2024-2025 Raising to 29.5% by 2029
"Exploring the market implications of technology advancements and the reliance on IoT in driving a steady expansion of the intent-based networking market.What Is The Projected Market Size Of The Global Intent-Based Networking (IBN) Market And Its Growth Rate?
The global intent-based networking market has demonstrated notable growth and is set for further expansion:
• Market size was $1.77 billion in 2024, expected to reach $2.27 billion in 2025, with a compound annual growth rate (CAGR) of 28.8%.
• Based on future projection, the market will grow to $6.4 billion in 2029 at a CAGR of 29.5%.
• Market growth can be attributed to past and future technological disruptions, competitive dynamics, industry demand shifts, enhanced awareness, and network complexity requirements.
What Is Driving The Growth In The Intent-Based Networking (IBN) Market?
The growth in the intent-based networking market can largely be traced back to the increasing number of IoT devices. These devices, capable of wireless connection to a network to provide data, have played a significant role in boosting the market. Network management benefits from intent-based networking as it provides a complete view of the technologies, IT systems, data, and services that support IT operations. The proliferation of IoT devices, as noted in the Ericsson report, showing broadband IoT connections reaching 1.3 billion in 2022, has led to a significant drive in the growth of the intent-based networking market.
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Who Are the Key Players Driving Intent-Based Networking (IBN) Market Growth?
• Cisco Systems Inc.
• Forward Networks Inc.
• Huawei Technologies Co. Ltd.
• Anuta Networks Inc.
• A10 Networks Inc.
• Arista Networks Inc.
• Indeni Ltd.
• Juniper Networks Inc.
• Capgemini Engineering Ltd.
• Fortinet Inc.
• Nokia Corporation
• Extreme Networks Inc.
• Apcela LLC.
• Veriflow Systems Inc.
• 128 Technology 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.
What Are The Key Trends In The Intent-Based Networking (IBN) Market?
Key trends in the forecast period include:
• Future technological disruptions.
• Agility and flexibility needs.
• The evolution of edge computing.
• Cloud migration.
• Scalability requirements.
What Are The Segments Of The Global Intent-Based Networking (IBN) Market?
The intent-based networking (IBN) market can be segmented into:
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.
Which Region Leads The Intent-Based Networking (IBN) Market?
Having been the largest player in 2024, North America continues to lead the intent-based networking market. However, Asia-Pacific is set to report the fastest growth in the forecast period. The intent-based networking (IBN) market spans multiple regions including Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Intent-Based Networking (IBN) Market Global Market Report?
- Market Size Analysis: Analyze the Intent-Based Networking (IBN) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intent-Based Networking (IBN) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intent-Based Networking (IBN) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intent-Based Networking (IBN) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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