The Intent-based Networking Market is set to grow from its current market value of more than $900 million to over $4.5bn by 2026; as reported in the latest study by Global Market Insights.
Growing demand for managing and automating network infrastructure with broadly connected network components will drive global intent-based networking market outlook. Development of advanced technologies such as Machine Learning, Artificial Intelligence and Network Function Virtualization will provide impetus to IBN adoption.
Moreover, increasing need for network infrastructure management that are in line with business operations will boost the acceptance of IBN solutions overtime.
Proliferation of advanced technologies, such as Machine Learning, Network Orchestration, and Artificial Intelligence for managing overall network processes is fueling the adoption of IBN solutions & services at large.
IBN solutions provide secure automation and optimization of network processes. It minimizes network downtimes, delivery time as well as human interventions by automated configuration capabilities. Mounting need for process automation & network infrastructure management across several industries will supporting the deployment of IBN solutions.
IBN software solutions are experiencing major demand from small & medium-sized enterprises on account of the software’s cost benefits, control over network infrastructures and deployment flexibility. IBN software enables efficient network automation to a greater extent by eliminating the need for deploying networking components.
Moreover, it provides unified control of components connected separately, enabling businesses to manage network resources effectively. IBN software market is thereby estimated to amass over 25% CARG during the analysis period.
Hospitals are rapidly deploying IBN solutions for network monitoring & automation to simplify complex tasks. For instance, Felix Platter Hospital situated in Switzerland deployed Cisco System’s IBN solution for digital operations across its hospital infrastructure in 2018.
The intent-based network solution provided patient collaboration system capabilities, asset tracking and hospital network monitoring. Overall, this aided the hospital in eliminating the need for network expansion while reduce capital expenditure. The adoption rate of IBN solutions for healthcare applications will grow exponentially, recording 30% CAGR during the analysis period.
Big corporates and IT firms are adopting cloud-based IBN solutions & services for integrating them with cloud infrastructure components. Hybrid and multi-cloud and platforms are also being integrated with APIs and virtualized overlays at large, leveraging intent-based networking in a bid to reduce complexity. The cloud-based deployment model segment is expected to exhibit over 30% CAGR during the projected timeframe.
In 2019, North America held for more than 55% of the global intent-based networking market share and is poised to gain traction through 2026 due to the presence of leading IBN solution providers across the region. Industry players are focused upon expanding their customer base and upgrading offerings.
For instance, Apstra launched Data Center Automation 3.0 solution for intent-based data center operations in 2019. The solution featured VMWare vSphere connectivity capabilities and intent-based analytics. The product upgrade helped the company in reducing OPEX and CAPEX and also serving multi-domain customers.
