Intent-based Networking (IBN) Market Trend, Share, Growth, Size and Forecast 2030

Intent-based Networking (IBN) Market

Intent-based Networking (IBN) Market By Deployment model (cloud and on-premise), By Component (software, networking hardware components, and software), By Application (BFSI, IT & Telecom, government & defense, manufacturing, healthcare, and others) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2023-2030

Category: Technology & Media Report Format : PDF Report Code: ZMR-5696 Status : Upcoming
Market Size in 2022 Market Forecast in 2030 Growth Rate (in %) Base Year
USD 812.03 Million USD 2647.81 Million CAGR at 15.83% 2022

Intent-based Networking (IBN) Market

Description

According to the report published by Zion Market Research, the global Intent-based Networking (IBN) Market size was valued at USD 812.03 Million in 2022 and is predicted to reach USD 2647.81 Million by the end of 2030. The market is expected to grow with a CAGR of 15.83% during the forecast period. The report analyzes the global Intent-based Networking (IBN)’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Intent-based Networking (IBN industry.

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Global Intent-based Networking (IBN) Market: Overview

The intent-based networking (IBN) is a networking technology that manages a network on one interface, end-to-end with the use of software-defined networking (SDN) and DevOps. Based on business intent, the IBN configures the IT infrastructure without any intervention of humans. IBN regularly tweaks the hardware configuration and also offers critical network insights to make sure the intent is met. IBN is considered to be the self-driving networking system to improve the agility of the IT infrastructure, it leverages machine learning analytics with the power of IT automation.

Global Intent-based Networking (IBN) Market: Growth Factors

The rise in the demand for the minimal network infrastructure deployment time, the growing need to shorten network downtime, and the ability of IBN to offer real-time visibility to network activities & automate time-consuming tasks are the primary factors that are augmenting the growth of the global intent-based networking (IBN) market at a significant rate. With advanced automation, IBN fortifies security, enhances agility, and also simplifies operations. It allows the line of business owners & administrators to decide the required outcomes of the network orchestration and then automates solutions, full lifecycle management, and configuration of servers. IBN also reduces the manual tasks, provides faster resolution & trouble, better security, implementation of business goals at a faster rate, and optimized analytics.

Thus, owing to all these factors, there is a rise in the adoption of IBN by the enterprises which in turn is driving the growth of the market. The rise in the implementation of virtual & software-defined networking and heavy investments to develop the network infrastructure are also contributing significantly to the growth of the global market. Furthermore, technological advancements in software & IBN tools to simplify operations & network deployment and digitalization of enterprises will lead to significant growth of the global intent-based networking (IBN) market during the forecast period. However, high initial investment and lack of knowledge among the vendors may restrain the growth of the global intent-based networking (IBN) market.

The Covid-19 pandemic has numerous effects on network operations. Due to strict lockdown and restrictions on movement, most of the organizations imposed remote working policies. Thus, IT teams needed to instantaneously support access to important applications to the employees working from several locations. The outbreak has also led to a rise in demand for SaaS or cloud-based applications. In such cases, IBN is an essential tool as the IT team has to continuously support the remote workforce. In addition to this, IBN also minimizes manual tasks such as provisioning network services, applying new security policies, and changing network configurations. Thus, the demand for IBN increased during the outbreak resulting in a healthy growth rate of the global intent-based networking (IBN) market.

Global Intent-based Networking (IBN) Market: Segmentation

The global intent-based networking (IBN) market is categorized by deployment model, component, application, and region. Based on the deployment model, the global market is split into the cloud and on-premise. Based on the component, the global market is divided into software, networking hardware components, and software. The application segment is divided into BFSI, IT & Telecom, government & defense, manufacturing, healthcare, and others.

Intent-based Networking (IBN) Market: Report Scope

Report Attributes Report Details
Report Name Intent-based Networking (IBN) Market Research Report
Market Size in 2022 USD 812.03 Million
Market Forecast in 2030 USD 2647.81 Million
Growth Rate CAGR of 15.83%
Number of Pages 180
Key Companies Covered Intentionet, Cisco Systems, Pluribus Networks, Avi Networks (VMware), Anuta Networks.,Apstra, Huawei Technologies, Forward Networks, Fortinet,Altran Technologies,Cerium Networks,A10 Networks,Indeni,Veriflow Systems,Mode Group (Waltz Networks),Juniper Networks.
Segments Covered By Deployment model,By Component, By Application and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Intent-based Networking (IBN) Market: Regional Analysis

North America is predicted to dominate the global intent-based networking (IBN) market in terms of revenue during the forecast period. Factors such as well-established networking infrastructure, presence of key market players, and expansion of digital technologies are fuelling the growth of the market in this region. Europe is expected to be contributing a significant share in the global intent-based networking (IBN) market over the forecast period. Asia Pacific is expected to be the most lucrative market over the forecast period. The factors contributing to the growth of the market in this region include rise in number of SMEs adopting cloud solutions, growing digitalization, rapidly growing startups in IT sectors, and increasing government initiatives to expand the 4G & 5G network especially in India, China, and Japan.

Global Intent-based Networking (IBN) Market: Competitive Players

The intent-based networking market is highly competitive. The major players operating in the global intent-based networking (IBN) market are:

  • Intentionet
  • Cisco Systems
  • Pluribus Networks
  • Avi Networks (VMware)
  • Anuta Networks
  • Apstra
  • Huawei Technologies
  • Forward Networks
  • Fortinet
  • Altran Technologies
  • Cerium Networks
  • A10 Networks
  • Indeni
  • Veriflow Systems
  • Mode Group (Waltz Networks)
  • Juniper Networks

The global Intent-based Networking (IBN) is segmented as follows:

By Deployment model

  • cloud and 
  • on-premise 

By Component  

  • Software 
  • networking hardware components, 
  • and software 

By Application

  • BFSI 
  • IT & Telecom 
  • government & defense 
  • manufacturing 
  • healthcare, and others

Global Intent-based Networking (IBN) Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The rise in the demand for the minimal network infrastructure deployment time, the growing need to shorten network downtime, and the ability of IBN to offer real-time visibility to network activities & automate time-consuming tasks are the primary factors that are augmenting the growth of the global intent-based networking (IBN) market at a significant rate. Furthermore, technological advancements in software & IBN tools to simplify operations & network deployment and digitalization of enterprises will lead to significant growth of the global intent-based networking (IBN) market during the forecast period.

The intent-based networking market is highly competitive. The major players operating in the global intent-based networking market are Intentionet, Cisco Systems, Pluribus Networks, Avi Networks (VMware), Anuta Networks, Apstra, Huawei Technologies, Forward Networks, Fortinet, Altran Technologies, Cerium Networks, A10 Networks, Indeni, Veriflow Systems, Mode Group (Waltz Networks), and Juniper Networks.

North America is predicted to dominate the global intent-based networking (IBN) market in terms of revenue during the forecast period. Factors such as well-established networking infrastructure, presence of key market players, and expansion of digital technologies are fuelling the growth of the market in this region.

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