February 06, 2020
According to a report titled ‘Intent-based Networking (IBN) Market Size By Component (Software, Networking Hardware [Routers, Switches, Firewall], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Healthcare,, Defense, IT & Telecom, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, Australia, South Korea, Southeast Asia, Brazil, Mexico, Argentina, South Africa, Israel, GCC), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global intent-based networking (IBN) market is expected to be worth over USD 4 billion by the year 2025.
Rising adoption of virtualization and software-defined networking (SDN) for management and provisioning of centralized network is driving the growth of intent-based networking (IBN) market. IBN offers improved network transparency, automation, and analytics, hence aiding in constant compliance and swift threat detection. Rising demand for reducing network downtime by auto-configuration of components as per the business needs will positively impact the market growth. The integration of machine learning algorithms will further boost the demand for IBN solutions in the coming years. Rising internet penetration across the globe has fueled the need to streamline huge networks through IBN, indicating the high adoption of networking devices such as routers, switches, and firewalls. Additionally, growing instances of cyberthreats will surge the demand for IBN firewalls during the forecast period.
Based on the component, software segment is anticipated to gain 60% market share by the year 2025, owing to the rising demand for network automation. IBN software solutions enables businesses to automatically integrate IT services and deploy new applications as per need. Growing adoption of advanced IBN software solutions based on Artificial Intelligence (AI), cognitive computing, machine learning, and deep analytics will stimulate the segmental growth over the analysis period.
In addition, the router hardware segment is projected to witness a growth rate of over 35% during the projected timeline. These devices can be configured easily and help in lowering network complexity. Rising focus of market players towards reducing configuration expenses by introducing upgraded routers will augment the segmental share.
The professional services segment is expected to capture 60% market share by the year 2025, on account of increasing demand from enterprises for effective deployment of IBN solutions. These services help businesses to improve their network architecture and guide IT professionals in making the required changes.
Based the deployment model, on-premise intent-based networking market segment accounted for 75% share in 2018 and is expected to grow significantly, owing to huge investments in legacy hardware equipment upgradation in the enterprises. On-premise deployment offers more control over the creation and management of the network infrastructure. Growing adoption of on-premise IBN, particularly in small and local enterprises is enhancing the segmental growth.
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Speaking of the application spectrum, intent-based networking market from BFSI segment is expected to grow with a CAGR of 30% during the forecast period, pertaining to the increasing inclination towards efficiently managing large networks and their security protocols.
Considering the geographical outlook, Asia pacific intent-based networking (IBN) market is anticipated to witness the highest growth rate over 2019-2025, owing to the rapid digitization across the region. Deployment of new technologies such as NFV, coupled with the dense presence of key players in emerging economies like India, China, and Malaysia will positively impact the regional outlook in the years to come.
Major players of intent-based networking market are Cisco Systems, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., and A10 Networks, Inc. among others.
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