The 'Intent-based Networking Market is poised for rapid growth, according to a recent report by Meticulous Research®, which forecasts the market to reach $8.9 billion by 2031, growing at a CAGR of 23.9% from 2024. The report, titled *'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'*, highlights the primary factors driving this growth.
The increasing complexity of networks, the growing need for agility and efficiency, and the demand for Zero-touch Provisioning (ZTP) are the main contributors to market expansion. However, challenges related to standardization may slow down growth.
Opportunities abound in the integration of AI and ML technologies into networking systems and the increasing reliance on cloud-based networking. Yet, challenges in deployment and integration continue to present hurdles for industry participants.
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The market is segmented by offering, deployment mode, organization size, application, and end user, with detailed geographical insights.
Solutions are expected to dominate the market in 2024, accounting for over 60% of the share. However, the services segment is projected to grow at the highest rate, driven by enterprises’ increasing need for integration and advanced network automation services.
On-premise deployment will continue to hold the lion’s share of the market, at over 64%, driven by large enterprises seeking enhanced security and custom configurations. Nevertheless, cloud-based deployment will register the highest CAGR, driven by a need for flexibility and reduced infrastructure costs.
Small and medium-sized enterprises (SMEs) are expected to make up over 63% of the market by 2024, as they increasingly adopt IBN solutions to create secure, agile, and efficient work environments.
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Among applications, network monitoring and analytics will lead the market in 2024, accounting for 36% of the share. However, network automation and orchestration will witness the fastest growth, driven by rising demand for smart healthcare systems and the need for zero-touch provisioning.
In the end-user segment, data centers are expected to dominate, holding 42% of the market share in 2024. Enterprises, particularly those in IT, retail, and government, are also projected to see substantial growth.
North America will account for the largest market share, while Asia-Pacific is expected to grow at the highest rate, driven by the adoption 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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