The Intent-Based Networking (IBN) Global Market Report 2023 by The Business Research Company, provides intent-based networking (IBN) market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Intent-Based Networking (IBN) Global Market Report 2023, the market size is expected to grow from $1.06 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 29.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intent based networking market size is expected to grow to $3.85 billion in 2027 at a CAGR of 29.4%.
An increasing number of IoT devices is expected to boost the growth of the intent-based networking market going forward. IoT devices refer to nonstandard computing devices that can connect to a network wirelessly and provide data. Intent-based networking aids in network management by taking into account not just the technologies employed but also the IT systems, people, data, and services that support IT operations.
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The intent-based networking (IBN) market is segmented:
1) By Component Type: Networking Hardware Components, Software, Service
2) By Deployment Model: On-premise, On cloud
3) By Application: Healthcare, BFSI, IT And Telecom, Manufacturing, Government And Defense, Other Applications
Technological advancements have emerged as the key trend gaining popularity in the intent-based networking market. Major companies operating in the intent-based networking market are developing innovative technologies to strengthen their position in the market. For instance, in February 2022, NetBrain Technologies Inc., a US-based provider of intent-based network automation and visibility solutions, launched the new Problem Diagnosis Automation System (PDAS). Some of the unique features of the Problem Diagnosis Automation System are its patented network intent technology, which allows operations to declare network intent without writing a single line of code that specifies and enforces baseline intentions. The Problem Diagnosis Automation System (PDA) is specifically designed to significantly minimize the time required to diagnose network issues as well as to avoid disruptions caused by human error.
The intent-based networking (IBN) market report table of contents includes:
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