PUBLISHER: Allied Market Research | PRODUCT CODE: 1298389
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298389
Intent-based networking (IBN) is a software-enabled automation technique that improves network operations and uptime by combining intelligence, analytics, and orchestration. IBN allows for flexible and agile network design that optimizes the quality of service for end-users, using an algorithm that automates much of the process and scales well at a low cost. While traditional approaches to network management can scale up to a certain point, they quickly run into problems as a network grows larger. IBN addresses these issues by automating processes based on intent, providing network administrators tools that make it easier to manage large networks.
Factors such as growing digitalization and increasing adoption of advanced technology such as IoT and cloud-based services across the world are positively impacting the growth of the IBN market. In addition, the increase in adoption of intent-based networking (IBN) solution across businesses to enhance operation & productivity, is anticipated to propel the growth of the market in future. Furthermore, increase in investments in various sectors such as BFSI, healthcare and other sectors is expected to provide lucrative growth opportunities for the market during the forecast period. Moreover, IBN solution helps reduce costs and provide high security to the application with the help of AI and ML algorithms. Such benefits are predicted to create numerous opportunities for market growth in the upcoming years. However, the IBN system has a complex design as it is a combination of several operating systems, environments, and network components, and high investment cost, are expected to hamper the growth of the market.
The intent-based networking (IBN) market is segmented into component, deployment mode, enterprise size, industry vertical, and region. By component, it is bifurcated into solution and service. By deployment mode, it is divided into on-premise and cloud. By enterprise size, the market is segregated into small & medium-sized enterprises and large enterprises. By industry vertical, the market is classified into BFSI, IT and telecom, healthcare, retail & consumer goods, government & defense, manufacturing, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the intent-based networking (IBN) market are: Cisco Systems, Inc., Juniper Networks, Inc., Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, NetBrain Technologies, IBM Corporation, Gluware, Wipro, Forward Networks, Inc. and Nokia Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the intent-based networking (IBN) market globally.