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Intent-based Networking (IBN) Market Size

Report ID: GMI2758
Published Date: Nov 2022
Report Format: PDF

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Intent-based Networking Market Size

Intent-Based Networking Market size exceeded USD 1.5 billion in 2022 and is projected to expand at more than 25% CAGR from 2023 to 2032.

Intent-Based Networking Market

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The demand in IBN industry is attributed to the rising wireless network devices in commercial settings as well as the growth of broadband infrastructure and the prevalent need for effective network infrastructure management by enterprises. Businesses are implementing intent-based systems that automatically configure network components without human intervention, thereby reducing network downtime and delivery times. Companies are employing networking solutions that can administer the corporate network from a central location. Additionally, intent-based networking software solutions are observing burgeoning uptake as they support network automation or network orchestration, which enables appropriate network modifications across the network architecture.

Intent-based Networking Market Report Attributes
Report Attribute	Details
Base Year:	2022
Intent-based Networking Market Size in 2022:	USD 1.5 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	25%
2032 Value Projection:	USD 20 billion
Historical Data for:	2018 to 2022
No. of Pages:	280
Tables, Charts & Figures:	433
Segments covered:	Component, Deployment Model, Application, and Region
Growth Drivers:	Increased adoption of virtual and Software-defined Networking (SDN) Growing demand for reducing network downtime Demand for reducing network infrastructure delivery time Capability to eliminate human errors in enterprise network configurations
Pitfalls & Challenges:	Vendor immaturity Technological feasibility

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of intent-based networking crossed USD 1.5 billion in 2022 and is slated to grow at CAGR of over 25% through 2032 propelled by the rising trend of digitalization.

The demand for intent-based networking solutions for government & defense applications is estimated to generate over USD 1.5 billion in revenue by 2032 owing to the increasing deployment of IBN technology to safeguard sensitive information from several external threats.

The APAC IBN industry is foreseen to expand at more than 30% gains between 2023 and 2032 on account of the prevalent adoption of SDN and SD-WAN technology across the region.

The major companies operating in the market are Huawei Technologies Co., Ltd., Capgemini Group (Altran), Cisco Systems, Inc., Fortinet, Inc., Gluware, Inc., Indeni Ltd., Juniper Networks, Inc., and Wipro Limited, among others.