Intent-based Networking (IBN) Market is valued at USD 434.50 million in 2018 and expected to reach USD 4814.19 million by 2025 with the CAGR of 41.64% over the forecast period.
Intent-based Networking (IBN) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Growing demand for reducing network downtime and increased adoption of virtual and Software-defined Networking (SDN) are some of the primary factors driving the growth of global intent-based networking (IBN) market.
Intent-based Networking (IBN) is a form of network administration that incorporates artificial intelligence (AI), network orchestration and machine learning (ML) to automate administrative tasks across a network. Intent-based networking and software-defined networking (SDN) are related in many aspects. It offers a significant shift from traditional networking. The IBN system is similar to software defined networking, wherein enterprise hardware is logically separated from software network. IBN process flow includes an enterprise’s intent communication to IBN via networking hardware such as router and switches, series of commands, and dedicated IBN APIs. IBN system is network system-oriented management, virtualized and programmable physical infrastructure and API based. It ability for awareness of network state, that it gathers the data from the network to monitor the network efficiency continuously.
Intent-based Networking (IBN) market report is segmented on the basis of product type, application and by regional & country level. Based upon product type, Intent-based Networking (IBN) market is classified into on-premise and cloud-based. Based upon application, Intent-based Networking (IBN) market is classified into IT and telecom, BFSI, healthcare, manufacturing, government and defense and others.
The regions covered in this Intent-based Networking (IBN) market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Intent-based Networking (IBN) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Intent-based Networking (IBN) market report covers prominent players are,
Cisco brought intent-based networks to the data center
News: Jan 31, 2018, Cisco announced that it has taken its intent-based network (IBN) system to the data center. Cisco’s solution works as a closed-loop system where the data from the network is together and then examined to turn intent into instructions that can be composed. To achieve that, Cisco’s IBNS needs two components: translation to capture intent, translate it into policy, and check integrity, and activation to orchestrate the policies and configure the systems.
The global Intent-based Networking (IBN) market is witnessing substantial growth due to increasing security concerns related to data breach over the network. The intent-based networking solutions automatically detect the issues and works according to the instructions provided by the administrator, by reducing the vulnerability. Data breaches are becoming more and more common and some of the most recent data breaches have been the largest on record to date
According to the Security Intelligence report, the average cost of a data breach is $3.92 million as of 2019. Additionally World Economic Forum repot, as of 2019, cyber-attacks are considered among the top five risks to global stability. For instance, according to the Identity Force report, On January 16, 2019, a flaw within the popular video game Fortnight exposed players to being hacked. The game has 200 million users international, 80 million of whom are active each month. However, significant initial capital investment is anticipated to hinder the market growth in the near future. Furthermore, enterprises digitalization is also projected to create various revenue generation opportunities for IBN system providers across domestic and a high-level emphasis on network security will ensure constant monitoring creating new growth opportunities for the market.
North America is dominating the Intent-based Networking (IBN) market with the potential rate due to continuous research and development for the IBN and new development of products. According to the US - Market Research Report, over the five years to 2020, revenue for the Scientific Research and Development industry has increased at an annualized rate of 5.1% to $170.8 billion. The federal government is a source for more than one-half total industry revenue; therefore, changes in federal funding levels greatly affect industry revenue. . Research in the health and life sciences is also forecast to increase due to growing interest in new and innovative technology, such as nanotechnology, supporting industry growth.
The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to the increasing number of IoT devices and growing digitalization in this region, enabling enterprises to adopt new network technologies. According to IDC, 60 percent of Asia’s top 1,000 enterprises will have placed digital transformation at the center of their corporate strategies by the end of 2017, with the majority creating an independent position (think Chief Digital Officer) to oversee the implementation of their digital transformation strategy. Additionally, IDC estimates that, by 2020, initiatives following digital transformation strategies will more than double their software development abilities, and in 2018, 35 percent of IT incomes will be spent on supporting the making of new digital expenses streams. Organizations are expected to spend up to 30 percent of their IT budget on risk, security, and compliance by 2017.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 434.50 million|
|Base year considered||2020|
|Forecast Period CAGR %:||41.64 %|
|Market Size Expected in 2027:||USD 4814.19 million|
|Tables, Charts & Figures:||175|
Cisco Systems, Apstra, Forward Networks, Huawei Technologies, Anuta Networks, Fortinet, Cerium Networksl, Altran Technologies, A10 Networks, Avi Networks (VMware), Pluribus Networks, Indeni, Mode Group (Waltz Networks), Veriflow Systems, Intentionet and Juniper Networks.
|Segments Covered||By Product Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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By Product Type:
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
By Product Type:
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