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Network Complexity Fuels Demand for Intent-Based Networking: A Market Overview
The global 'Intent-based Networking Market is forecast to reach $8.9 billion by 2031, according to the latest report from Meticulous Research®. With a compound annual growth rate (CAGR) of 23.9% from 2024, the market is set to expand rapidly. The report, *'Intent-based Networking Market by Offering, Deployment Mode, Organization Size, Application (Network Automation & Orchestration, Policy Enforcement & Security, Network Monitoring & Analytics), End User, and Geography - Global Forecast to 2031'*, provides a detailed analysis of market trends, drivers, and challenges.The rising complexity of network infrastructures, combined with growing demands for network agility, efficiency, and Zero-touch Provisioning (ZTP), is fueling market growth. However, issues related to standardization could restrain the industry’s expansion.
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Advances in Artificial Intelligence (AI) and Machine Learning (ML) integration, along with the growing adoption of cloud-based networks, present significant opportunities for market players. On the other hand, challenges with deployment and integration remain a concern.
The market is divided by offering, deployment mode, organization size, application, end user, and geography.
Solutions are expected to hold
the majority of the market share in 2024, driven by increased R&D investments and rising demand for dynamic communication services. The services segment, however, will grow at the fastest rate, driven by enterprises seeking advanced network integration and automation services.
On-premise deployment will remain the largest segment, accounting for 64% of the market in 2024. Large enterprises prefer this mode due to the enhanced security and control it offers. Cloud-based deployments, however, will grow rapidly, driven by the need to manage complex networks and reduce costs.
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Small and medium-sized enterprises (SMEs) will dominate the organization size segment in 2024, holding over 63% of the market. These businesses are increasingly adopting IBN solutions to create secure and agile work environments.
Network monitoring and analytics will be the leading application in 2024, accounting for 36% of the market, while network automation and orchestration will experience the highest growth due to the demand for smart healthcare and Zero-touch Provisioning.
Data centers will lead the end-user segment, making up 42% of the market in 2024. Enterprises, including sectors such as IT, government, and retail, will also see significant growth.
North America will dominate the market, holding 37% of the share in 2024, while Asia-Pacific is projected to grow the fastest, driven by increasing deployment of SDN and NFV technologies.
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Key Players
The key players operating in the global intent-based networking market are Arista Networks, Inc. (U.S), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc (U.S.), Fortinet, Inc. (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), IBM Corporation(U.S.), Anuta Networks International LLC (U.S.), NetBrain Technologies, Inc. (U.S.), Forward Networks, Inc. (U.S.), Gluware, Inc. (U.S.), NetYCE BV (Netherlands), AppViewX (U.S.), and Itential (U.S.).
Key questions answered in the report-
- Which are the high-growth market segments in terms of offering, deployment mode, organization size, application, and end user?
- What is the historical market for intent-based networking across the globe?
- What are the market forecasts and estimates for the period of 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the global intent-based networking market?
- Who are the major players in the global intent-based networking market, and what are their market shares?
- How is the competitive landscape?
- What are the recent developments in the global intent-based networking market?
- What do the major players in the market adopt the different strategies?
- What are the geographic trends and high-growth countries?
- Who are the emerging players in the global intent-based networking market, and how do they compete with the other players?
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