Intent-Based Networking Market Global Segmentation and Major Players Analysis and Forecast to 2023

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. Intent-Based Networking Market can perform automated implementation as it deploys network resources to create the desired state and enforce policies as per the command. Additionally, Intent-Based Networking Market 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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Intent-Based Networking Market Key players

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.

Intent-Based Networking Market Segmentation.

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.

Intent-Based Networking Market Regional Analysis

The 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. There has been increase in the data centers in the region due to increase in use of IoT devices that are required to share the information with other devices, thus to maintain the network connectivity Intent-Based Networking Market plays an import role. Asia-Pacific is expected to be the fastest growing market due to increasing investments by the key players in the region. The increasing number of mobile users and internet penetration in the region is also fueling the growth of IBN market, as various types of information is surfed and exchange among the devices. Also, to enhance the network connectivity infrastructure in the region is expected to boost the market.

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