Intent-Based Networking (IBN) Global Market Report 2024

The intent-based networking (ibn) market size has grown exponentially in recent years. It will grow from $1.38 billion in 2023 to $1.8 billion in 2024 at a compound annual growth rate (CAGR) of 30.0%. The expansion observed in the historical period can be ascribed to previous technological disruptions, changes in the competitive landscape, efforts in education and awareness, shifts in industry demand, and the increasing complexity of networks.

The intent-based networking (ibn) market size is expected to see exponential growth in the next few years. It will grow to $4.94 billion in 2028 at a compound annual growth rate (CAGR) of 28.7%. The anticipated growth in the forecast period can be attributed to swift technological innovation, industry-specific demands, heightened awareness and education, and the dynamic dynamics of market competition. Significant trends expected in the forecast period encompass upcoming technological disruptions, the evolving need for agility and flexibility, the progression of edge computing, the trend towards cloud migration, and the increasing demand for scalability.

The growth of the intent-based networking market is anticipated to receive a significant boost from the increasing number of IoT devices. These devices, characterized as nonstandard computing devices with wireless connectivity, generate and provide data. Intent-based networking (IBN) plays a crucial role in managing networks by considering not only the employed technologies but also the entire ecosystem, including IT systems, people, data, and supporting services. As of 2021, Dataport reported that over 10 billion IoT devices were already in use, with a projection of surpassing 25.4 billion active IoT devices by 2030. The continuous rise in IoT devices, expected to make 152,200 connections to the internet every minute by 2025, is a driving force behind the growth of the intent-based networking market.

The intent-based networking market is poised for further expansion due to the escalating demand for cloud computing. Cloud computing, a technology model delivering computing services over the internet, enables users to access and utilize various computing resources without relying on local infrastructure. Integration of IBN with cloud computing enhances the overall efficiency, security, agility, flexibility, resource optimization, and manageability of network infrastructure. Exploding Topics reported that cloud infrastructure services generate approximately $178 billion annually as of October 2023. The increasing demand for cloud computing serves as a catalyst for the growth of the intent-based networking market.

Technological advancements stand out as a prominent trend in the intent-based networking market, with major companies developing innovative technologies to solidify their market positions. In February 2022, NetBrain Technologies Inc., a US-based provider of intent-based network automation and visibility solutions, introduced the Problem Diagnosis Automation System (PDAS). This system utilizes patented network intent technology, allowing operations to declare and enforce network intentions without coding. PDAS significantly reduces the time required to diagnose network issues and mitigates disruptions caused by human error.

Companies in the intent-based networking market are emphasizing innovative product offerings, such as the Apstra software platform's 4.0 version. This intent-based networking solution optimizes data center network operations through closed-loop automation and analytics. In May 2021, Juniper Networks Inc., a US-based networking product designer, launched the Apstra 4.0 software platform, supporting VMware NSX-T 3.0 and Enterprise SONiC. The platform simplifies the deployment and management of complex data center networks, providing flexibility and scalability as organizational needs evolve.

In November 2021, Cisco Systems, Inc., a US-based technology company, completed the acquisition of Replex, a Germany-based enterprise software company operating in the intent-based networking market. This strategic acquisition is expected to enhance Cisco's AppDynamics growth, leveraging Replex's product and engineering capabilities to advance and expand product functionalities for observing enterprise-scale, cloud-native environments.

Major companies operating in the intent-based networking (ibn) market report are Cisco Systems Inc., Forward Networks Inc., Huawei Technologies Co. Ltd., Anuta Networks Inc., Cerium Networks Inc., A10 Networks Inc., Arista Networks Inc., Indeni Ltd., Mode Group Inc., Juniper Networks Inc., Capgemini Engineering Ltd., Avi Networks Inc., Fortinet Inc., Altran Technologies SA, Nokia Corporation, Extreme Networks Inc., Apcela LLC, Veriflow Systems Inc., 128 Technology Inc., Plexxi Inc., Netcracker Technology Corporation, Ciena Corporation, NEC Corporation, IBM Corporation, Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Riverbed Technology Inc., Versa Networks Inc., Gluware Inc., VMware Inc.

North America was the largest region in the intent based networking market in 2023. Asia-Pacific is expected to be the intent based networking market report during the fastest-growing region in the forecast period. The regions covered in the intent-based networking (ibn) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the intent-based networking (ibn) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary elements of intent-based networking consist of networking hardware components, software, and services. Networking hardware components encompass the physical or network devices essential for interaction and communication among hardware units within a computer network. These components are deployed through various models such as on-premise and cloud, catering to diverse applications in sectors such as healthcare, BFSI (Banking, Financial Services, and Insurance), IT and telecom, manufacturing, government and defense, among others.

The intent-based networking market research report is one of a series of new reports that provides intent-based networking market statistics, including intent-based networking industry global market size, regional shares, competitors with an intent-based networking market share, detailed Intent-based networking market segments, market trends and opportunities, and any further data you may need to thrive in the intent-based networking industry. This intent-based networking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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