Intent -Based Networking Market Size by Component, Deployment Mode, Industry, Region – Revenue Pool Analysis, Margin Structure Assessment, Capital Flow Trends, Competitive Benchmarking & Forecast to 2030
Overview
The Intent-Based Networking Market size was valued at USD 1714.28 Million in 2023 and the total Intent-Based Networking revenue is expected to grow at a CAGR of 42% from 2024 to 2030, reaching nearly USD 19957.24 Million.
Intent-based networking market Definition
Intent-based networking (IBN) is an emerging technology of intelligent or modern networking. It is a part of networking software that is used to design, plan, operate, and implement networks to enhance network agility and availability. It reduces manual operation to the minimum.
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The report study has analysed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Intent-based networking market Dynamics
The growing market for IT and telecom and BFSI industry across the globe is a major driving factor behind the growth of the market. Increasing adoption of advanced technologies such as artificial intelligence and machine learning, rising implementation of virtual and Software-defined Networking (SDN), the increasing requirement for reduced network downtime, growing adoption in enterprises to remove human errors, rising data breach over the network lead to the increasing security concerns and surge in the adoption of cloud-based services are expected to improve the growth of the market during the forecast period. IBN provides some benefits such as speed and agility, reduced risk, and continuous compliance, improved automation, and reduced complexity of the maintenance and management of network policies, which are ultimately propelling the growth of the market.
However, the complex design of the IBN system due to the involvement of multiple environments, network components, and operating systems is a major restraining factor that could hamper the growth of the market.
Intent-Based Networking Market: Segmentation Analysis
By industry, IT, Telecom, and BFSI segment dominated the market in 2023 and are projected to witness fast growth at CAGR of xx% during the forecast period. The growth is attributed to the growing adoption of an intent-based networking system in IT and BFSI infrastructure to describe network business objectives. Growing implementation of the IBN system by IT professionals to specify the network business intents is driving the growth of the market. For instance, the IBN system allows IT professionals and network administrators to describe outcomes by specifying their intents, without relying on manual operations.
Growing adoption of advanced IBN solutions in financial institutions for agile and effective enterprise network management and security solutions is propelling the growth of the market. A growing transition towards digital transformation to protect and enhance customer’s personalized banking experience is further expected to improve the growth of the market during the forecast period. For example, Cisco has developed a Digital Transformation Blueprint for the banking & financial services sector. The blueprint leverages the power of Cisco’s intent-based networking portfolio to integrate security, connectivity, collaboration, analytics, and automation across the business value chain.
Intent-Based Networking Market: Regional Analysis
Region-wise, North America held the largest, around 55% market share in 2023, and is expected to witness high growth at CAGR of xx% during the forecast period. The US and Canada are major key contributors to the growth of the market. The growth is attributed to the massive presence of IBN solution service providers such as Cisco, Apstra, and many others. Increasing the development of new networking products by these service providers and ongoing research and development activities in the field of the IBN system is driving the growth of the market.
A growing number of data centres, well established IT infrastructure with the adoption of IBN system, and rising government initiatives such as strict data management policies are expected to improve the growth of the market in the region.
Intent-Based Networking Market: Key Development
In March 2021, Apstra has unveiled a Partner Advantage Program that offers partners a strategic solution to solve these network challenges. It can provide customers with a network solution that will dramatically improve operational and cost efficiencies.
In March 2021, Apstra Inc launched Apstra Academy, an online and classroom-based educational system for engineers looking to master Intent-Based Networking (IBN).
The objective of the report is to present a comprehensive analysis of the Global Intent-Based Networking Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Intent-Based Networking Market dynamics, structure by analyzing the market segments and projects the Global Intent-Based Networking Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Intent-Based Networking Market make the report investor’s guide.
The Scope of Global Intent-Based Networking Market: Inquire before buying
| Global Intent -Based Networking Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 1714.28 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 42% | Market Size in 2030: | USD 19957.24 Mn. |
| Segments Covered: | by Component | Networking Hardware Components Router Switch Firewall Software Service Professional Service Managed Service |
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| by Deployment Mode | On-Premise Cloud |
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| by Industry | IT & Telecom BFSI Healthcare Manufacturing Government & Defense Others |
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Intent-Based Networking Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Intent-Based Networking Market, Key Players are:
1. A10 Networks, Inc
2. Altran Technologies
3. Anuta Networks, Inc
4. Apstra, Inc
5. Avi Networks
6. Cerium Networks
7. Cisco Systems, Inc
8. Fortinet, Inc
9. Forward Networks, Inc
10.Huawei Technologies Co., Ltd
11.Indeni Ltd
12.Intentionet, Inc
13.Juniper Networks, Inc
14.Veriflow Systems, Inc
15.Pluribus Networks, Inc
16.Mode Group
17.Apstra
18.Itential
19.Indeni
20.Arit of Africa
21.Intentionet
Frequently Asked questions
1. What was the Global Intent-Based Networking Market size in 2023?
Ans: The Global Intent-Based Networking Market size was USD 1714.28 Million in 2023.
2. What are the different segments of the Global Intent -Based Networking Market?
Ans. The Global Intent -Based Networking Market is divided into Component, Deployment Mode and Industry.
3. What is the study period of this market?
Ans. The Global Intent -Based Networking Market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global Intent -Based Networking Market share?
Ans. The North America dominates the market share in the market.
5. What is the Forecast Period of Global Intent -Based Networking Market?
Ans. The Forecast Period of the market is 2024-2030 in the market.