Intent-based Networking Industry on Track for $8.9 Billion by 2031

Roshani

posted on 2 months ago — updated on 1 second ago

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Intent-based Networking Industry on Track for $8.9 Billion by 2031

Intent-based Networking Market Size, Share, Forecast, & Trends Analysis by Offering, Deployment Mode, Organization Size, Application (Network Automation & Orchestration, Policy Enforcement & Security, Network Monitoring & Analytics), and End User - Global Forecast to 2031

Meticulous Research® has released a comprehensive report forecasting the intent-based networking market to reach $8.9 billion by 2031, growing at a CAGR of 23.9%. The surge in network complexity, combined with the increasing need for agile and efficient systems, is driving the growth of this market. Additionally, demand for Zero-touch Provisioning (ZTP) and unified network visibility is fueling the adoption of intent-based networking solutions. Nevertheless, challenges like standardization issues continue to impede the market’s growth potential.

AI and ML integration, coupled with the adoption of cloud-based networking solutions, is set to create opportunities for players in this space. However, complexities related to deployment and integration pose significant challenges for market players.

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The intent-based networking market is segmented based on offerings, deployment mode, organization size, application, end-users, and geography. The solutions segment is anticipated to hold over 60% of the market share in 2024, driven by growing demand for dynamic connectivity. Meanwhile, the services segment is expected to grow at the highest rate, driven by increasing demand for professional network automation services.

On-premise deployment will account for more than 64% of the market in 2024, favored by large enterprises that require enhanced network security and custom configurations. However, cloud-based deployment will grow the fastest due to its cost-effectiveness and flexibility.

SMEs are projected to hold a larger share of the market in 2024, accounting for over 63%. This is driven by their need for secure, agile networking solutions, particularly in sectors like retail and healthcare.

Network monitoring & analytics will account for the largest share of 36% in 2024, with automation & orchestration growing at the highest rate.

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.).

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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?