Summary
A New Market Study, titled “Intent-Based Networking Market Upcoming Trends, Growth Drivers and Challenges” has been featured on Market Research Future.
The global intent-based networking market is growing pervasively, mainly due to the advantages of IBN in increasing network efficiency continuously. IBN solutions can reduce manual tasks, such as provisioning network services, changing network configurations, or implementing new security policies. The networking industry has long been striving to make networks easier to deploy, operate, and troubleshoot.
Besides, the increasing reliance on the network and complications of limited access to physical resources further re-establish the importance of IBN. Many multinational software companies automating the data center network, which is creating substantial market demand. IBN can benefit network teams working remotely while reducing human error and automating manual tasks.
Intent-based networking has become crucial, especially post-pandemic, empowering networking teams to rapidly design and provision services. Due to the ongoing COVID-19 crisis, major IT workforces have moved to work from home or remote work frame, which has increased the need for intent-based networking more than ever. Intent-based networking is a key element to the success of digital transformations.
With the rising digitization across the major industries, the IBM market size is expected to grow continually in the years to come. According to Market Research Future (MRFR), the global intent-based networking market is estimated to reach an exponential valuation by 2027, registering impressive CAGR through the forecast period (2020–2027).
Increasing implementations of IBN architectures to leverage its benefits to support digital transformation endeavors, influence market growth. Additionally, increasing automation throughout the network life cycle, providing up-to-date insights into the network, fosters the market's growth.
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Intent-Based Networking Market - Segmentation
The IBM market 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 Intent-Based Networking Market - Regional Analysis
North America leads the global intent-based networking market. The largest market share attributes to the presence of major players, such as Apstra Inc, Veriflow Systems, and Cisco in the region. Increasing numbers of enterprises in the region have been pursuing the self-driving network concept for some time. Vast technical advances and the proliferation of self-driving networks positively impact the growth of the market.
Besides, substantial investments by the key players to drive research and development activities for the new development of IBN and network efficiency offer significant opportunities. With the presence of a number of key companies, the US holds the major share in the regional market and is expected to dominate the IBN market during the forecast period.
Europe stands second in the global intent-based networking market. The region is witnessing augmenting demand for intent-based networks from the manufacturing and BFSI sectors. Additionally, the spurring rise in various industries such as BFSI, IT & telecom, and other industries substantiate the market growth.
The European government is increasingly promoting IBN uses to reduce the glitches. Germany, the UK, France, and Italy are major IBN markets in the region, accounting for notable shares.
The intent-based networking market in the Asia Pacific region is emerging as a promising market globally. Factors such as increasing investments by the key players and IoT device uses in the region boost the IBN market share.
Furthermore, the rising demand for strong network connectivity and enhanced network connectivity infrastructure in the region pushes the IBM market share. Also, the widening adoption of cloud-based services and automation in all types of organizations in Taiwan, China, and India creates substantial market demand.
Intent-Based Networking Market - Competitive Analysis
Fiercely competitive, the IBN market appears fragmented, with the presence of many technology providers accounting for substantial market share. They make substantial investments in transforming the future business landscape. Also, they incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product & technology launch, to gain a larger competitive share.
Major Players:
Players leading the IBN market include Apstra Inc. (US), Cisco Systems Inc. (US), Veriflow Systems (US), Juniper Networks Inc (US), Huawei Technologies Co Ltd (China), Cerium Networks (US), Forward Networks, Inc (US), Pluribus Networks (US), Anuta Networks (US), and Indeni Ltd (US), among others.
Industry/ Innovation/ Related News
Dec 7, 2020 ----- Juniper Networks, Inc. (the US) announced signing a definitive agreement to acquire Apstra to simplify data center operations, using intent-based networking and closed-loop assurance. Juniper plans to combine Apstra's network automation solution based on an open, multi-vendor architecture.
With its data-center networking portfolio centering on its JUNOS operating system, Juniper hopes the combined platform will help public and private cloud partners optimize their operations working towards AI-driven autonomous networks.
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