Global Intent-based Networking (IBN) Market Analysis By Component, By Deployment Mode, By End User & Forecast 2023-2032

 

Global Intent-Based Networking (IBN) Market

The global Intent-based Networking (IBN) Market size was valued at USD 1.56 billion in 2022, and is projected to reach USD 4.57 billion by 2032 at a CAGR of 28.5% from 2022 to 2032.
Intent-based networking (IBN) is a relatively new approach to network management that uses artificial intelligence (AI) and machine learning (ML) technologies to automate and optimize network operations. In an IBN system, the network administrator defines high-level business intent, such as ensuring high availability or optimizing application performance, and the system automatically configures and manages the network to achieve those goals. The Intent-based Networking (IBN) Market is expected to grow rapidly in the coming years, driven by the increasing complexity of modern networks, the need for better network visibility and control, and the growing adoption of cloud computing and virtualization technologies. One of the key trends in the Intent-based Networking (IBN) Market is the increasing adoption of AI and ML technologies. IBN systems use these technologies to analyze network data, detect anomalies, and automatically take corrective actions. As AI and ML technologies continue to improve, IBN systems are likely to become even more sophisticated and capable of managing increasingly complex networks.
Another trend in the Intent-based Networking (IBN) Market is the growing importance of security. IBN systems can help organizations to detect and respond to security threats more quickly and effectively by providing real-time visibility into network traffic and automating security policies and responses. As cyber threats continue to evolve, the ability to detect and respond to security incidents in real-time will become increasingly important, driving demand for IBN systems that can provide this capability. The adoption of cloud computing and virtualization technologies is also driving demand for IBN systems.
Growing complexity of networks in modern IT environments is propelling Intent-based Networking (IBN) Market growth.
As organizations continue to adopt cloud computing, mobile devices, and the Internet of Things (IoT), their networks become more complex and difficult to manage. Traditional networking approaches based on manual configurations and monitoring are no longer sufficient to keep up with the pace of change and ensure network security and performance. Intent-based networking addresses this challenge by using automation, machine learning, and artificial intelligence (AI) to manage network infrastructure based on business intent rather than manual configurations. This approach allows organizations to manage their networks at a higher level of abstraction, reducing the complexity and improving the efficiency and agility of their IT operations. As a result, the Intent-based Networking (IBN) Market is expected to experience significant growth in the coming years.
The increasing adoption of cloud computing and IoT technologies is expected to be a major driver of Intent-based Networking (IBN) Market growth. As more organizations move their applications and data to the cloud, they will require more efficient and automated network management solutions to ensure the security and performance of their networks. Similarly, the growth of IoT devices and applications is expected to drive demand for IBN solutions that can automate the management of large and complex networks of devices. Another key driver of the Intent-based Networking (IBN) Market is the need for improved network security. The increasing number and complexity of cyber threats means that organizations need more advanced network security solutions that can detect and respond to threats in real-time. IBN solutions can help organizations to proactively identify potential security risks and automate the response to them, reducing the risk of data breaches and other cyber-attacks.

COVID-19 Impact Analysis

Due to a short halt in the manufacturing process and supply chain, COVID-19’s effects on this market were only transitory. As a result, supply chains, production, and demand for IBN steadily rose once the situation improved after the pandemic. Additionally, the COVID-19 lockdown encouraged businesses to consider more sophisticated IBN tools to boost productivity. As a result, intent-based networking solutions became more necessary than ever, which promoted future industry advancement. It also increased demand for SaaS- and cloud-based services. Therefore, despite the short-term negative impact of the pandemic, it had an overall positive impact on the market.

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Market Segmentation:

By Component
• Hardware
• Software
• Services

By Deployment Mode
• On premise
• Cloud

By End User
• Healthcare
• BFSI
• government and public sector
• Retail and e-commerce
• IT and telecommunications

 

Key Player:

• Cisco Systems
• Juniper Networks
• Apcela
• Veriflow
• Forward Networks
• Apcela
• Anuta Networks
• Huawei Technologies
• Cumulus Networks
• Apcela
• VMware
• Arista Networks
• Extreme Networks
• Nokia Corporation
• Apcela.

 

Regional Analysis:

Region wise, the intent-based networking (IBN) market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region procured the maximum revenue share in the intent-based networking (IBN) market in 2021. Because of its prospective advantages in technological improvements and its status as a developed region, the regional intent-based networking (IBN) market is anticipated to provide manufacturers with the greatest potential for financial success. Much of the growth is owed to the dominance of North American IBN solutions as well as service providers in the market.

North America dominates the intent-based networking (IBN) market in terms of revenue and market share. The region has a large number of IBN vendors and early adopters of advanced networking technologies, such as cloud computing and IoT. The growing adoption of IBN solutions among large enterprises in the region is also contributing to the dominance of North America in Intent-based Networking (IBN) Market. North America held the largest share of the global intent-based networking market in 2020. The region is expected to continue to dominate Intent-based Networking (IBN) Market during the forecast period from 2023 to 2032. The report attributes this dominance to the presence of key players in the Intent-based Networking (IBN) Market, such as Cisco Systems, Juniper Networks, and Apcela, as well as the high level of adoption of IBN solutions among organizations in the region. 

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