Intent-Based Networking Market 2020| Global Size, Industry Growth, Share, Business Development Factors, Upcoming Trends, Sales Revenue, Emerging Opportunities, Outlook and Forecast till 2023

Intent-Based Networking Market 2020| Global Size, Industry Growth, Share, Business Development Factors, Upcoming Trends, Sales Revenue, Emerging Opportunities, Outlook and Forecast till 2023

“Intent Based Networking Market”
Global Intent-Based Networking (IBN) Market Research, By Application (Data Center, Remote Office, Cloud), Component (Hardware, Software, Services), End-User (BFSI, IT and Telecommunication), Regional—Global Forecast till 2023

Market Insights:

While studying about the intent-based networking market, one of its key capabilities is having the capacity to monitor, identify and react to change the network conditions. Therefore, it relates to the proper provision of network and administration as well as proactively manages the change in the entire operational conditions. At the core, intent-based networking is known to owe to its capabilities that have been evolving over the years. With the advent of machine learning algorithms, development of intent-based networking has become more evident in providing network automation.

On a global scale, the intent-based networking (IBN) market had reached a valuation of USD 634.5 million in 2017 and its worth can be USD 4,908.5 million by 2023, reveals Market Research Future (MRFR). MRFR also says that the market has the potential to accrue a remarkable growth rate of 42% during the forecast period (2017-2023).

More precisely, intent-based networking is defined as the extent of network arrangement which is automated. This is done including software that implements changes autonomously. In recent times, networks are increasingly becoming more self-aware and capable of dynamic optimization, in real-time. Such changes are often made to enhance connectivity, while in other cases, remediation is required to adjust a condition or situation that has gone twisted.

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Top Players:

Some of the top players shaping the worldwide market for intent-based networking (IBN) include Juniper Networks Inc (US), Huawei Technologies Co Ltd (China), Cerium Networks (US), Cisco Systems Inc. (US), Indeni Ltd (US) Veriflow Systems (US), Anuta Networks (US), Apstra Inc. (US), Pluribus Networks (US), Forward Networks, Inc (US), to mention a few.

Global Intent-Based Networking Drivers and Trends:

Intent-based Networking (IBN) Market is bourgeoning owing to the rise in demand for autonomous devices and real-time network analytics. These technologies allow business networks to be more responsive and alert to emergencies. Also, it will enable the network administrators to define a desired set of networks and offers an automated network management platform that helps to allow the business to reduce manual network programming.

Besides, the advancements in technologies, such as IoT, machine learning, and artificial intelligence (AI) are fostering the demand for intent-based network (IBN) systems. There has been some observance that surge in data breaches incidents over the network is also anticipated to lift the demand for intent-based network market in the coming years. However, the cost of installation for IBN systems over the existing systems is expected to hamper the growth of the market. However, with the need for it at priority basis, this factor is overcoming in many businesses and making the intent-based network more efficient and work friendly as well.

Intent-based networking promises to provide many benefits to organizations of all sizes. As all IT administrators want better access control, massive scalability, security, and multi-vendor device management, it is making Intent-based networking market accessible and uprising. This is the consideration which states to be more compelling, whereas the ability to manage hundreds to thousands of various devices on a network is truly a high technology stand which is to do with speed, automation, and simplicity. These considerations are hence making the market to achieve more valuation in the forecast period from the past decades.

Market Boosters and Top Barriers:

Intent-based networking (IBN) can be described as an intelligent network that is used to automate enterprise networking tasks with the use of artificial intelligence (AI) or machine learning (ML) as well as network orchestration within the IT industry. IBN is hailed as a sophisticated version of the traditional form of networking. IBN is an advanced approach to networking, in which software along with dedicated APIs help in planning, designing and configuring needed changes to the existing network and also enhance the network’s availability as well as agility.

IBN systems are generally available as software products or software as a service (SaaS). Internet-dependent networking architecture consists of APIs, software networking hardware deployed on premise and on cloud. Its operation flow comprises the enterprise’s intent transmission along with networking hardware like series of commands, dedicated IBN APIs and router and switches.

The global IBN system market can have a significant growth in the coming years since there is a high chance that IT personnel can commit errors when they are identifying changes to the enterprise network. This can lead to network downtime and have a detrimental effect on organizational productivity. This situation calls for the use of IBN across these enterprises all over the world and can do wonders for the global market during the conjectured timeframe.

Segmentation:

According to MRFR’s reports, the global intent-based networking market has been segmented on the basis of application, component, and end-user.

Segmentation by application comprises of the data center, remote offices, and cloud.

Segmentation by component comprises of hardware, software, and services.

Segmentation by end-user comprises of BFSI, IT and telecommunication, government, defense, healthcare, and others.

Regional Analysis:

The global intent-based networking (IBN) market is assessed to proliferate moderately during the forecast period from 2018 to 2023. MRFR portrays a geographical analysis of intent-based networking (IBN) market, which is studied for North America, Europe, Asia-Pacific, and the rest of the world.

Among them, North America is the leading region owing to the presence of key players in the region. Here, the US is leading with the intent-based networking market by having the appearance of key companies such as Apstra Inc, Veriflow Systems and Cisco. These have a significant market share and is expected to lead the IBN market in the forecast time. An added factor that is driving the IBN market in North America is the continuous research and development in this field coupled with the new development of products by the key players.

Next comes, Europe region, which is expected to mount with high pace during the forecast period owing to the presence of various industries such as BFSI, It and telecom industry, and others. Besides, the European government is also mainly supporting for IBN to reduce the glitches.

Asia-Pacific is also expected to be the fastest growing market with increasing investments being made by the key players in the region. Even, with the increasing number of IoT devices is driving the IBN market, as robust network connectivity is the need for information transfer. With that, to enhance the network connectivity infrastructure in future, IBN will play a crucial role and thus would grow the market exponentially.

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Industry Updates:

June 2019: Cisco launched its new networking solutions that could perform in extreme environmental conditions, while inducing intent-based networking skills

January 2019: Cisco introduced new Catalyst industrial switches and industrial Integrated Services Routers with the purpose for building IoT environments. They are powered by IOS XE – the modern operating system that powers intent-based networking across the campus, branch, and WAN. The new platforms were managed by Cisco DNA Center, which gave customers a single pane of glass view across their campus, branch and IoT environments.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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