Worldwide, the intent-based networking (IBN) market is anticipated to nurture from USD 634.5 million in 2017 to USD 4,908.5 million by the year-end of 2023, at a CAGR of 42% during the years from 2018 to 2023 (forecast period).
Bulging Players in Intent-Based Networking (IBN) Market are listed as:
Apstra Inc. (US), Veriflow Systems (US), Cisco Systems Inc. (US), Juniper Networks Inc (US), Huawei Technologies Co Ltd (China), Pluribus Networks (US), Cerium Networks (US), Anuta Networks (US), Indeni Ltd (US) Forward Networks, Inc (US), and others.
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Quite a few years and now, there has been a great deal of talk on Intent-Based Networking—IBN, as the next big thing in the form of a goal to reach in the network field or the network management field. At present, the idea of Intent-Based Networking is everywhere and is encouraged by many giant companies as playing promoters for bringing a new-age networking system. Right now, it is early days where Intent-based networking is becoming the mainstream for several years, where solutions are now emerging as core valuation in an enterprise. Many startups like Apstra, Waltz, and Veriflow, Forward Networks, are doing some positive stuff and driving innovation in networking, making the vendors more into stabilizing services all over the world.
Market Growth Boosters & Challenges:
Intent and intent-based networking (IBN) are both referred to as simplifying the process of implementing new upgrades and changes in any networking along with verifying the results that match the original intent. This “Next Big Thing” is for the change that promises to improve agility, reliability, and protection of the network. Intent-based networking allows teams to reduce their technological debt, without increasing workloads or keeping complexity.
Intent-based networking permits IT to move from mind-numbing traditional processes to automate intent and making it possible to manage millions of devices in lesser time. Intent-based networking allows network operation to embrace automation without the need for developing any software. At present, IBN is considered as more than a game-changer altogether and is rewriting the rules for designing, building, and operating vast networks for future requirements.
For years, network analysts have tried in configuring each switch, router, firewall, and access point, which has usually been done manually and product by product. This gives not only an in-depth knowledge of the network that is managing but also a great deal of fondness to the technical aspect associated with the network that makes up the platform.
The snowballing security concerns in concern with data breach over the network is one of the foremost factors driving the intent-based networking market. Additionally, it is replacing the conventional practices done by reducing manual operation to the minimum. The intent-based Networking Market is further getting influenced and gaining more valuation in the present, which is going to be continued to achieve more in the future. The Intent-Based Networking System Market is inflating tremendously, keeping the fact of rising factors.
The segmental analysis of the global intent-based networking market comprises application, component, and end-user.
Depending on the application, the market includes data centers, remote offices, and cloud as segments.
Depending on the component, the market includes hardware, software, and services segments.
Depending on end-user, the market includes IT and telecommunication, BFSI, healthcare, government, defense, and others as segments.
MRFR have used credible sources to offer a proper understanding of all the current trends and growth opportunities in the global intent-based networking market across the regions of Europe, Asia-Pacific, North America, and the rest of the world.
North American region is the dominating region owing to the incidence of major key players in the region. The US leads the intent-based networking market with the presence of companies such as Veriflow Systems, Apstra Inc, and Cisco in the region that has a significant market share and is to lead the IBN market during the assessment period. Another factor driving the IBN market in North America is the continuous research and development for the IBN and new development products going on by the key players. In 2018, Apstra Inc hurled AOS 2.2 that is used by the enterprises to improve the working abilities of the network and perform advanced analytics, by dropping the working efficiency.
The region of Europe is likely to nurture at a high pace during the prediction period in support of the incidence of various industries such as BFSI, It and the telecom industry and others. Also, the European government is supporting for IBN to lessen the glitches.
Asia-Pacific is also in the line of expectation to be the fastest-growing market owing to snowballing investments by the giant investors in the region. With this, the swelling number of IoT devices in the region is also motivating the IBN market, as reliable network connectivity is required for information transfer. Thus, to enhance the network connectivity infrastructure in the region IBN will play a pivotal role which facilitates cultivating the market in the region. In the case of point, Huawei Technologies Co., Ltd is one of the top companies leading the progress of the market in the region.
Table of Content:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Research Objectives
2.2.2. Assumptions & Limitations
2.3. Markets Structure
3. Market Research Methodology
3.1. Research Process
3.2. Secondary Research
3.3. Primary Research
3.4. Forecast Model
4. Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat Of New Entrants
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of Substitutes
4.1.5. Bargaining Power Of Suppliers
4.2. Value Chain/Supply Chain Of Global Intent-Based Networking (IBN) Market
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