Stratistics MRC’s Global Intent-Based Networking (IBN) Market value is expected to reach $5.6 billion growing at a CAGR of 22.6% during 2023-2030.
Intent-Based Networking (IBN), a network architectural and management method, attempts to automate and simplify network configuration, maintenance, and optimization based on business goals. Modern tools like automation, artificial intelligence (AI), machine learning (ML), and analytics are used to align network operations with the goals of the company. Intent-based networking has several benefits, including increased network agility, simpler management, greater security, fewer operating costs, and an enhanced user experience.
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Asia Pacific is projected to have the highest CAGR over the forecast period, in the intent-based networking market of Asia Pacific, a paradigm shift unfolds as organizations adopt AI-driven automation to streamline network operations. This dynamic region embraces intent-based networking’s potential to enhance agility, optimize resource allocation, and ensure scalability. Asia Pacific is witnessing rapid adoption driven by the need for efficient network management. As businesses prioritize digital transformation and seek innovative solutions, intent-based networking gains traction, propelling the region towards a future where networks are intelligently orchestrated to align with user intentions and adapt to evolving connectivity demands.
Some of the key players in Intent-Based Networking (IBN) market include Arista Networks, Cisco Systems, Gluware, Apcela, Extreme Networks, Huawei Technologies, NetBrain Technologies, Cumulus Networks, Indeni, Veriflow, Forward Networks, Frinx, VMware, HPE, Juniper Networks, Nokia Corporation, IBM and Anuta Networks.
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Key Developments:
In March 2023, Cisco Systems Inc. launched cloud services in IoT operations dashboard to increase industrial asset visibility, securely manage assets from anywhere and provide intent-based networking and industrial internet of things (IoT) customers with a seamless path to automation for operational technology (OT) teams.
In March 2023, Hewlett Packard Enterprise expanded its intent-based networking security capabilities by offering solution to meet the increasing demand for integrated networking and security solutions delivered as-a-service as it entered into a definitive agreement to acquire Axis Security, a cloud security provider.
In February 2023, Huawei Technologies Co., Ltd. launched the digital managed network solution to boost intent-based networking and growth for carriers’ B2B services. This solution provides digital managed network capabilities and rich product portfolios, helping carriers transform from ISPs to MSPs.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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