Market Highlights
The IBN provides several benefits to the business, and IT and telecom industries such as increases business agility, the IBN improves the operational efficiencies of business and reduces the operational expenses (OpEx). The IBN has the ability of translation & validation that is it decodes the command given by the network administrator to the software to act accordingly. Additionally, IBN can perform automated implementation it deploys network resources to create the desired network state and enforce policies as per the command provided by the administrator. Thus, IBN works on the algorithm that is provided to it for making a reliable network. Similarly, IBN also provides continuous alignment of the network with the business objectives, reduced risk and better compliance and security.
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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.
Global Intent-Based Networking 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 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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Intended Audience
- Mobile network operators
- Enterprise data center professionals
- Network solution providers
- Telecommunication providers
- Cloud service providers
- Third-party network testing service providers
- Managed Security Service Providers (MSSPs)
- IT suppliers
- Consultancy and advisory firms
- Regulatory agencies
- Technology consultants
- Government
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