Intent-Based Networking Market Analysis

The global "https://www.marketresearchfuture.com/reports/intent-based-networking-market-6846">intent-based networking market size will touch USD 4,908.5 million at a stellar 42% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. Intent-based networking is a part of network automation that is used for fulfilling the need for systematic approaches in the network field. This is designed for eliminating human intervention at the time of network configuration as well as translation through algorithmic validation.

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Various factors are fuelling the global intent-based networking (IBN) market growth. As per the recent MRFR market estimates, such factors include the growing security concerns related to data breach over the network, rising need for shortening the deployment time of network infrastructure, increasing adoption of cloud computing services across enterprises, growing adoption of virtual software-defined networking (SDN), growing need to reduce network downtime, the need to reduce the delivery time of network infrastructure, the capability to eliminate human errors in enterprise network configurations, the growing need for network infrastructure management as per business goals and processes, the growing need for process automation, and the use of advanced technologies like network orchestration, artificial intelligence, and machine learning to manage overall network processes.

On the contrary, the COVID-19 impact, technological feasibility and vendor immaturity may limit the global intent-based networking market growth over the forecast period.

Intent-Based Networking Market 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 RD 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.

Intent-Based Networking Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global intent-based networking market based on application, component, and end user.

By application, the global intent-based networking market is segmented into cloud, remote offices, and data center. Of these, the cloud segment will lead the market over the forecast period.

By component, the global intent-based networking market is segmented into services, software, and hardware. Of these, the hardware segment will dominate the market over the forecast period.

By end user, the global intent-based networking market is segmented into healthcare, defense, government, IT and telecommunication, BFSI, and others. Of these, the healthcare segment will spearhead the market over the forecast period.

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Key Players

The eminent players profiled in the global intent-based networking market report include Indeni Ltd (US), Anuta Networks (US), Forward Networks, Inc (US), Pluribus Networks (US), Cerium Networks (US), Juniper Networks Inc (US), Huawei Technologies Co Ltd (China), Veriflow Systems (US), Apstra Inc. (US), and Cisco Systems Inc. (US), among others.

Industry Updates

December 2020- Juniper has reinforced its intent-based networking with Apstra.