Intent-based Networking (IBN) Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By 2033
- PUBLISHED ON
- 2024-06-02
- NO OF PAGES
- 270
- CATEGORY
- Information Communication & Technology
The global Intent-based Networking (IBN) Market size was valued at USD 1.56 billion in 2022, and is projected to reach USD 4.57 billion by 2033 at a CAGR of 28.5% from 2023 to 2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 1,560 million |
Market Forecast in 2033 | USD 4,570 million |
CAGR % 2023-2033 | 28.5% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Cisco Systems, Juniper Networks, Apcela, Veriflow, Forward Networks, Apcela, Anuta Networks, Huawei Technologies, Cumulus Networks, Apcela, VMware, Arista Networks, Extreme Networks, Nokia Corporation, Apcela. |
In an IBN system, the network administrator defines high-level business intent, such as ensuring high availability or optimizing application performance, and the system automatically configures and manages the network to achieve those goals.
Another trend in the Intent-based Networking (IBN) Market is the growing importance of security. IBN systems can help organizations to detect and respond to security threats more quickly and effectively by providing real-time visibility into network traffic and automating security policies and responses.
Growing complexity of networks in modern IT environments is propelling Intent-based Networking (IBN) Market growth.
As organizations continue to adopt cloud computing, mobile devices, and the Internet of Things (IoT), their networks become more complex and difficult to manage. Traditional networking approaches based on manual configurations and monitoring are no longer sufficient to keep up with the pace of change and ensure network security and performance.
The increasing adoption of cloud computing and IoT technologies is expected to be a major driver of Intent-based Networking (IBN) Market growth. As more organizations move their applications and data to the cloud, they will require more efficient and automated network management solutions to ensure the security and performance of their networks.
Geography:
North America dominates the intent-based networking (IBN) market in terms of revenue and market share. The region has a large number of IBN vendors and early adopters of advanced networking technologies, such as cloud computing and IoT.
Recent Development:
In 2020, the intent-based networking (IBN) market saw significant growth due to the increasing demand for network automation and the adoption of advanced networking technologies such as cloud computing and IoT. One of the major news in the Intent-based Networking (IBN) Market in 2020 was Cisco Systems' announcement of its new IBN platform, Cisco DNA Center.
Impact of the Russia-Ukraine War on the global Intent-based Networking (IBN) Market:
The ongoing conflict between Russia and Ukraine has the potential to impact the intent-based networking (IBN) market in several ways. One of the major ways this conflict can impact Intent-based Networking (IBN) Market is through the disruption of the global supply chain. Many IBN vendors have operations in Russia or Ukraine, and disruptions to their supply chains could lead to delays in product delivery and higher costs.
Overall, the impact of the Russia-Ukraine conflict on the Intent-based Networking (IBN) Market is difficult to predict, and much will depend on the duration and severity of the conflict.
Company Profiles:
• Cisco Systems
• Juniper Networks
• Apcela
• Veriflow
• Forward Networks
• Apcela
• Anuta Networks
• Huawei Technologies
• Cumulus Networks
• Apcela
• VMware
• Arista Networks
• Extreme Networks
• Nokia Corporation
• Apcela.
Segmentation:
By Component
• Hardware
• Software
• Services
By Deployment Mode
• On premise
• Cloud
By End User
• Healthcare
• BFSI
• government and public sector
• Retail and e-commerce
• IT and telecommunications
• Others
Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
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- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global Intent-based Networking (IBN) Market size was valued at USD 1.56 billion in 2022, and is projected to reach USD 4.57 billion by 2033 at a CAGR of 28.5% from 2023 to 2033.
What are the drivers shaping various markets?
In an IBN system, the network administrator defines high-level business intent, such as ensuring high availability or optimizing application performance, and the system automatically configures and manages the network to achieve those goals. The Intent-based Networking (IBN) Market is expected to grow rapidly in the coming years, driven by the increasing complexity of modern networks.
Who are the key competitors of market Players?
Some of the major players operating within the market are Cisco Systems, Juniper Networks, Apcela, Veriflow, Forward Networks, Apcela, Anuta Networks, Huawei Technologies, Cumulus Networks, Apcela, VMware, Arista Networks, Extreme Networks, Nokia Corporation, Apcela.
What are the top performing segments, and countries / regions of each of the markets?
North America dominates the intent-based networking (IBN) market in terms of revenue and market share. The region has a large number of IBN vendors and early adopters of advanced networking technologies, such as cloud computing and IoT. The growing adoption of IBN solutions among large enterprises in the region is also contributing to the dominance of North America in Intent-based Networking (IBN) Market.
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