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Intent-Based Networking Market Global Segmentation and Major Players Analysis and Forecast to 2023
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Globally, intent-based networking (IBN) market is expected to grow from USD 634.5 million in 2017 to USD 4,908.5 million by 2023, at a CAGR of 42% during the forecast period.
IBN has the ability of translation & validation that it decodes the command given by the network administrator to software. IBN can perform automated implementation as it deploys network resources to create the desired state and enforce policies as per the command. Additionally, IBN has the ability for awareness of network state, that it gathers the data from the network to monitor the network efficiency continuously. Moreover, IBN utilizes machine learning subsequently takes corrective actions for maintaining the network state.
The increasing security concerns related to data breach over the network is one of the major factors that is driving the intent-based networking market. The intent-based networking solutions automatically detect the issues and works according to the instructions provided by the administrator, by reducing the vulnerability. Additionally, it is replacing the conventional practices by reducing manual operation to the minimum. Based on hardware the market is segmented as switches, routers, gateways and others. The software is sub-segmented as APIs and SDks. Additionally, the service segment is further segmented as managed service and professional service
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The prominent players in intent-based networking (IBN) Market 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.
By application, the market is segmented into data center, remote offices, and cloud
By component, the market is segmented into hardware, software and services
By end-user, the market is segmented into BFSI, IT and telecommunication, government, defense, healthcare, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
The global market for Intent-Based Networking Market is estimated to grow at high rate during the forecast period from 2018 to 2023. The geographical analysis of intent-based networking (IBN) market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is considered to be the dominating region due to presence of major key players in the region. The US dominates the intent-based networking market in North America. The presence of companies such as Apstra Inc, Veriflow Systems and Cisco in the region has the major market share and is expected to dominate the IBN market during the forecast period. Another factor that is driving the IBN market in North America is due to continuous research and development for the IBN and new development of products by the key players. In 2018, Apstra Inc launched AOS 2.2 that is used by the enterprises to enhance the working capabilities of the network and perform advanced analytics, by reducing the working efficiency. Europe is expected to grow with high pace during the forecast period due to presence of various industries such as BFSI, It and telecom industry and others. Additionally, the European government is also supporting for IBN to reduce the glitches.
Asia-Pacific is expected to be the fastest growing market due to increasing investments by the key players in the region. Also, the increasing number of IoT devices in the region is also driving the IBN market, as strong network connectivity is required for information transfer. To enhance the network connectivity infrastructure in the region IBN will play a crucial role and this enables to grow the market in the region. Huawei Technologies Co., Ltd is one of the key players that is leading the growth of market in the region.
Intent-based networking (IBN) market is considered to grow with a rapid rate. In June 2018, Huawei Technology, launch its Industry-Oriented Intent-Driven Network (IDN) Solution for accelerating digital transformation of industry and to maximize the business abilities.
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