Overview
The IBN provides several benefits to the business, and IT and telecom industries such as increases business agility, the IBN improves the operational efficiencies of business and reduces the operational expenses (OpEx). The IBN has the ability of translation & validation that is it decodes the command given by the network administrator to the software to act accordingly.
Additionally, IBN can perform automated implementation it deploys network resources to create the desired network state and enforce policies as per the command provided by the administrator. Thus, IBN works on the algorithm that is provided to it for making a reliable network. Similarly, IBN also provides continuous alignment of the network with the business objectives, reduced risk and better compliance and security.
Key Players
The prominent players in intent-based networking market share are Cisco Systems, Inc. (US), Apstra Inc. (US), Veriflow Systems (US), Huawei Technologies Co Ltd (China), Juniper Networks Inc (US), Cerium Networks (US), Pluribus Networks (US), Forward Networks Inc (US), Anuta Networks (US), Indeni Ltd. (US) and others.
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Intent-Based Networking Market - Segmentation
The Intent-Based Networking Market Share forecast is segmented into component, application, end-user, and region. The component segment is sub-segmented into hardware, software, and services. The sub-segment hardware is bifurcated as switches, routers, gateways, and others. The sub-segment software is bifurcated as APIs and SDks. Similarly, the sub-segment service is bifurcated as managed service and professional service.
The application segment is sub-segmented into data centers, remote offices, and the cloud. The end-user segment is sub-segmented into BFSI, IT & telecommunication, government, defense, healthcare, and others. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Regional Analysis
By region, the global intent-based networking market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will rule the market over the forecast period. The presence of major key players, growing need in the US, constant R&D for the IBN, new development of products, and companies upgrading their offerings and expanding their customer base are adding to the global intent-based networking market growth in the region.
In Europe, the global intent-based networking market is predicted to hold the second-largest share over the forecast period. The presence of different industries like BFSI, IT & telecom industry, European government supporting IBN to reduce the glitches, favorable measures undertaken by member nations for the development of network infrastructure, the centrality of cyberspace at every facet of the digital world, and the high adoption of internet services are adding to the global intent-based networking market growth in the region.
In the APAC region, the global intent-based networking market is predicted to have healthy growth over the forecast period. Increasing investments by key players, increasing number of IoT devices in the region for the need of strong network connectivity for information transfer, growing digitalization across small and medium sized enterprises, deployment of NFV technology by enterprises to attain elastic scaling of capacity and rapid and flexible deployment of services and applications are adding to the global intent-based networking market growth in the region.
In RoW, the global intent-based networking market is predicted to have sound growth over the forecast period.
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