Overview and Scope
Intent-based networking refers to a type of network administration that uses artificial intelligence, network orchestration, and machine learning to automate administrative operations across a network.
Sizing and 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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Segmentation & Regional Insights
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
North America was the largest region in the intent based networking market in 2023. Asia-Pacific is expected to be the intent based networking market report during the fastest-growing region in the forecast period. The regions covered in the intent-based networking (ibn) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting 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.
Key Industry Players
Major companies operating in the intent-based networking market are focusing on innovative products such as the 4.0 version of the Apstra software platform to drive revenues in their market. The Apstra 4.0 software is an intent-based networking solution that helps businesses optimize data center network operations by utilizing closed-loop automation and analytics. For instance, in May 2021, Juniper Networks Inc. a US-based company that designs and sells networking products launched the 4.0 version of the Apstra software platform. Apstra supports VMware NSX-T 3.0 and Enterprise SONiC and offers new intent extensions and connectivity templates that make connecting attached systems easier and more flexible. It helps organizations minimize the time and costs associated with deploying and managing traditionally complex data center networks. Juniper is providing Apstra with its QFX Series switches and SRX series services gateways in what they refer to as drop-in “building block” solutions that can grow with evolving data center needs.
The intent-based networking (ibn) market report table of contents includes:
1. Executive Summary
- Intent-Based Networking Market Characteristics
- Intent-Based Networking Market Trends And Strategies
- Intent-Based Networking Market – Macro Economic Scenario
- Global Intent-Based Networking Market Size and Growth
.
- Global Intent-Based Networking Market Competitive Benchmarking
- Global Intent-Based Networking Market Competitive Dashboard
- Key Mergers And Acquisitions In The Intent-Based Networking Market
- Intent-Based Networking Market Future Outlook and Potential Analysis
- Appendix
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