Intent Based Networking (IBN) Market Size, Trends, Industry | 2031

Segments - Global Intent-based Networking (IBN) Market By Components (Software, Services, and Networking Hardware), Deployment Models (Cloud and On-premise), Industry Verticals (Healthcare, BFSI, IT & Telecom, Manufacturing, Government & Defense, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global intent-based networking market is expected to reach USD 21 Billion by 2031 from USD 1.98 Billion in 2022, expanding at a CAGR of 30% during the forecast period, 2023 and 2031. Intent-based networking (IBN) can be defined as a smart system that uses artificial intelligence (AI) or machine learning (ML) to automate corporate networking tasks and system coordination within the IT industry.

IBN is praised as a refined version of traditional networking. It is a serious approach to networking in which programming and dedicated APIs assist in structuring, organizing, and planning essential modifications to the current system, and improving system accessibility and nimbleness.

Intent-Based Networking Market Trends, Drivers, Restraints, and Opportunities

Intent-based networking (IBN) market expansion is driven by growing interest in process automation and network infrastructure management across enterprises
IBN delivers agility and availability, which reduces the number and duration of outages in half, thus fueling the market.
Rising demand for IBN programming among small- and medium-sized businesses is projected to create opportunities in the market.
IBN is capable of eliminating human errors in enterprise network configurations, thus driving the market growth.

Scope of the Intent-Based Networking Market Report

The report on intent-based networking (IBN) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Intent-based Networking (IBN) Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast
Base Year	2022
Historic Data	2016 & 2021
Forecast Period	2023–2031
Segmentation	Components (Software, Services, and Networking Hardware), Deployment Models (Cloud and On-premise), Industry Verticals (Healthcare, BFSI, IT & Telecom, Manufacturing, Government & Defense, and Others)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered in the Report	A10 Networks, Inc., Juniper Networks Inc, Huawei Technologies Co Ltd, Cerium Networks, Cisco Systems Inc., Indeni Ltd Veriflow Systems, Anuta Networks, Apstra Inc., Pluribus Networks, and Forward Networks.

Global Intent-based Networking Market Insights

Hardware segment to hold significant market share

In the terms of components, the market is trifurcated into software, service, and networking hardware. The networking hardware segment is projected to hold a significant share of the market due to changes in business requirements and rapidly developing inventive landscape, which enables businesses to expand their network hardware components, such as switches and routers. These networking components are put together according to the demand of the business of the company. Expectation-based networking innovation allows businesses to automate the setup of these system devices depending on their business goals. To keep up with changing business demands, network solution providers are focusing on the development of dynamic networking gear.

Intent Based Networking Market Components

The solution segment held substantial market share in 2020

Based on deployment models, the IBN market is fragmented into solution and services. The solution segment held a substantial share of the market in 2020, as IBN solutions automatically detect faults and operate in accordance with the administrator's instructions; thereby minimizing susceptibility. Data breaches are becoming increasingly prevalent, with some of the most recent ones being the biggest ever recorded.

BFSI segment to grow during the forecast period

On the basis of Industry Verticals, the market is fragmented into healthcare, BFSI, IT & telecom, manufacturing, government & defense, and others. The BFSI segment is projected to expand at a rapid pace during the forecast period, as many financial institutions are using modern IBN solutions to speed up the launch of their digital offerings and customer-centric strategies to enhance customized banking experiences. IBN solutions can assist the BFSI industry offer new services to all branch locations, as it expands its exposure to diverse consumers and business opportunities.

North America dominates the global market

In terms of regions, the global intent-based networking market is split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 due to mergers & acquisitions conducted by key market players. Growing interest in new and creative technologies, such as nanotechnology, is expected to boost research in the health and life sciences, thus fueling industrial growth. The market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increasing number of IoT devices and expansion of digitization, which allows businesses to adopt novel network technologies.

Segments

By Components

Software
Services
Networking Hardware

By Deployment Models

Cloud
On-premise

By User Types

SMEs
Large Scale Enterprises

By Industry Verticals

Healthcare
BFSI
IT & Telecom
Manufacturing
Government & Defense
Others

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

A10 Networks, Inc.
Juniper Networks Inc
Huawei Technologies Co Ltd
Cerium Networks
Cisco Systems Inc.
Indeni Ltd Veriflow Systems
Anuta Networks
Apstra Inc.
Pluribus Networks
Forward Networks

Competitive Landscape

Key players in the intent-based networking market are A10 Networks, Inc., Juniper Networks Inc, Huawei Technologies Co Ltd, Cerium Networks, Cisco Systems Inc., Indeni Ltd Veriflow Systems, Anuta Networks, Apstra Inc., Pluribus Networks, and Forward Networks. To improve their position in the worldwide intent-based networking (IBN) market, these businesses engage in product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures.

Intent Based Networking Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intent-based Networking (IBN) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Intent-based Networking (IBN) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Intent-based Networking (IBN) Market - Supply Chain
  4.5. Global Intent-based Networking (IBN) Market Forecast
     4.5.1. Intent-based Networking (IBN) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Intent-based Networking (IBN) Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Intent-based Networking (IBN) Market Absolute $ Opportunity
5. Global Intent-based Networking (IBN) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Intent-based Networking (IBN) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
6. North America Intent-based Networking (IBN) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Intent-based Networking (IBN) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
7. Latin America Intent-based Networking (IBN) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Intent-based Networking (IBN) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
8. Europe Intent-based Networking (IBN) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Intent-based Networking (IBN) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
9. Asia Pacific Intent-based Networking (IBN) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Intent-based Networking (IBN) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
10. Middle East & Africa Intent-based Networking (IBN) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Intent-based Networking (IBN) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Intent-based Networking (IBN) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Intent-based Networking (IBN) Market: Market Share Analysis
  11.2. Intent-based Networking (IBN) Distributors and Customers
  11.3. Intent-based Networking (IBN) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. A10 Networks, Inc.
     11.4.2. Juniper Networks Inc
     11.4.3. Huawei Technologies Co Ltd
     11.4.4. Cerium Networks
     11.4.5. Cisco Systems Inc.
     11.4.6. Indeni Ltd Veriflow Systems
     11.4.7. Anuta Networks