Intent-based Networking Market to be Worth $8.8 Billion by 2030
Added: (Tue Dec 19 2023)
Pressbox (Press Release) -
Meticulous Research®—a leading global market research company, published a research 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 2030.’
According to this latest publication from Meticulous Research®, the global intent-based networking market is projected to reach $8.8 billion by 2030, at a CAGR of 23.9% during the forecast period. The growth of this market is attributed to the increasing complexity of networks, growing demand for network agility and efficiency, and increasing need for robust network security and compliance. Additionally, the growing adoption of AI and machine learning and increasing cloud-based networking are expected to create market growth opportunities.
Download Sample Report Here:- https://www.meticulousresearch.com/download-sample-report/cp_id=5593
However, the lack of standardization restrains the growth of this market. The complexity of deployment and integration is a major challenge for the players operating in this market. Increasing use of intent-based automation to edge networks and remote locations is the latest trend in the market.
The global intent-based networking market is segmented by offering (solutions and services), deployment mode (on-premise and cloud-based), organization size (large enterprises and small & medium-sized enterprises), application (network automation & orchestration, policy enforcement & security, dynamic network optimization, network monitoring & analytics, and network policy compliance & governance), end user (CSPs, data centers, and enterprises (IT & telecommunications, manufacturing, government & public sector, retail, BFSI, healthcare and life sciences, education, energy and utilities, media & entertainment, and other end-use industries), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the country and regional levels.
Based on offering, the global intent-based networking market is broadly segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the global intent-based networking market. The growth of this segment is attributed to the increasing R&D investments and rising demand for dynamic connectivity among communication service providers. However, the services segment is projected to register the highest CAGR during the forecast period. The segment’s rapid growth is driven by enterprises’ growing requirements for network integration and key market players’ emphasis on providing advanced network automation professional services.
Speak to Analyst:- https://www.meticulousresearch.com/speak-to-analyst/cp_id=5593
Based on deployment mode, the global intent-based networking market is broadly segmented into on-premise and cloud-based. In 2023, the on-premise segment is expected to account for the larger share of the global intent-based networking market. The growth of this segment is attributed to the high acceptance of intent-based networking among large enterprises, the rising demand for comprehensive network security and control, the increasing deployment of network automation solutions across on-premises data centers, and the growing demand for custom configurations to suit organizations’ unique requirements. Benefits of on-premise intent-based networking include enhanced network visibility, reduced manual configuration efforts, improved network security, better compliance with business objectives, and overall increased network efficiency and reliability.
However, the cloud-based segment is projected to register the highest CAGR during the forecast period. The segment’s high growth is driven by enterprises’ surging need to manage complex network requirements and reduce infrastructures’ initial and operating expenses and their increasing investments in network infrastructure expansion with cloud deployment.
Based on organization size, the global intent-based networking market is broadly segmented into large and small & medium-sized enterprises. In 2023, the small & medium-sized enterprises segment is expected to account for the larger share of the global intent-based networking market. The growth of this segment is attributed to the SMEs’ rising need to create agile, secure, and efficient work environments and the growing demand for intent-based networking solutions among SMEs operating in the education, retail, healthcare, manufacturing, government, and manufacturing sectors. This segment is also projected to record the higher CAGR during the forecast period.
Based on application, the global intent-based networking market is broadly segmented into network automation & orchestration, policy enforcement & security, dynamic network optimization, network monitoring & analytics, and network policy compliance & governance. In 2023, the network monitoring & analytics segment is expected to account for the largest share of the global Intent-based networking market. The growth of this segment is attributed to the increasing use of network monitoring among organizations to identify and resolve issues promptly, growing demand for network monitoring tools demand for enhanced overall network security, and increasing demand for highly reliable and scalable network monitoring solutions.
However, the network automation & orchestration segment is projected to record the highest CAGR during the forecast period. The growth of this segment is driven by growing demand for safe and smart healthcare systems with intent-based networking technology, growing need to detect and identify old hardware, compliance issues, & storage issues, and the increasing need for zero-touch provisioning and unified network visibility.
Based on end user, the global intent-based networking market is broadly segmented into CSPs, data centers, and enterprises. In 2023, the data centers segment is expected to account for the largest share of the global intent-based networking market. The growth of this segment is attributed to the data centers’ growing need to automate routine workflows and processes, reduce repetitive/mundane tasks, speed up processes, and drive down overheads, and the increasing deployment of network automation solutions among data centers. However, the enterprises segment is projected to record the highest CAGR during the forecast period. The enterprises segment is further sub-segmented into IT & telecommunications, manufacturing, government & public sector, retail, BFSI, healthcare & life sciences, education, energy & utilities, media & entertainment, and other end-use industries. The segment’s rapid growth is driven by the rising demand for intent-based networking solutions and increasing deployments of network automation solutions across enterprises.
Based on geography, the intent-based networking market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global intent-based networking market. The large share of the North America market is attributed to the larger and more established sales force for network automation solutions, service providers’ initiatives towards network automation, and increasing demand for data center and IT infrastructure automation.
Moreover, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period. The increasing deployment of SDN and NFV by enterprises and rising demand for a broad range of value-added network services are the major factors contributing to the growth of the Asia-Pacific market.
Key Players:-
The key players operating in the 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.).
Quick Buy:- https://www.meticulousresearch.com/Checkout/66669836
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 2023–2030?
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 are the different strategies adopted by the major players in the market?
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?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research