The size of the IBN market was USD 1,139 million in 2023, which will touch USD 5,606.3 million by 2030, powering at a rate of 25.6% by the end of this decade. This is because of the fact that the networking sector is shifting from conventional networks to intent-based ones because of their cutting-edge features. This is done to reach supreme output and competence with the aid of the smallest number of possible resources.
SDN automates setups to improve scalability and reliability, while offering better flexibility for changing the networks and a general view of network topology. A solution built on the similar principles of unravelling the network forwarding and control function, called SDWAN, is being extensively applied because of its features that can be associated to those of SDN. Though, presently, intent-based networking is substituting even SD-WAN in present scenarios, because of the increasing acceptance of virtualization.
Due to the improved agility, higher competence, simpler communication, and improved decision making, digitalization has resulted in a substantial surge in the usage of intent-based networking across all verticals.
Managed services will accomplish the higher growth rate due to the lack of skilled IT specialists, surge in the necessity for secure IT infra, requirement for cost and reduction risk, and necessity for governing compliance and security.
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IT support is offered as part of managed services for enhancing client experiences. Businesses provide contracts to managed service providers to keep their IT infra in check and guarantee other operational needs are met. Administrations find it exhausting to handle these tasks concurrently with their core business processes. Consequently, they rely largely on external partners for availing of managed services.
On the basis of deployment type, the on-premises category will lead the intent-based networking market in the years to come, with a share of 75% in 2030, because of the ease of disposition of these solutions. This domination is also as a result of the continuing digitalization in nearly every industry. Businesses that are still making the use of outdated methods to achieve their networks are finding it hard to contest with advanced rivals. This has fortified and reinforced the security needs for networking components, which are well managed and functioned with software and servers positioned onsite.
North America is the leader of the pack because of the existence of prominent corporations, for example Cerium Networks, A10 Networks Inc., Cisco Systems Inc., Astra Inc., and Forward Networks Inc. Fundamentally, the region’s advanced tech and enormous telecom infra are boosting the demand for IBN. Futuristic innovations and the extensive access to improved network architecture are also responsible for the growth of the industry.
It is because of the growing adoption of virtual networking and SDN, the demand for IBN solutions is on the rise.
SOURCE: P&S Intelligence
OverviewThe 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.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/6846Additionally, 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.
Similarly, IBN also provides continuous alignment of the network with the business objectives, reduced risk and better compliance and security.Key PlayersThe prominent players in Intent-Based Networking 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.SegmentationBy Application, the market is segmented into data center, remote offices, and cloudBy Component, the market is segmented into hardware, software and servicesBy 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.Intent-Based Networking (IBN)s Global Market - Regional AnalysisThe global market for intent-based networking is estimated to grow at a high rate during the forecast period from 2018 to 2023.
The geographical analysis of intent-based networking 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 various key player that are launching new solutions.
Cisco Systems Inc., Apstra Inc., Juniper Networks Inc are some of the leading companies in the IBN market that are present in the North America.
