There were 1,663 press releases posted in the last 24 hours and 413,775 in the last 365 days.

Growing at a CAGR of 25.9% The Intent-based Networking Market Size is Estimated to Cross $2.6 billion by 2027: Report by MarketsandMarkets™

Major factors expected to drive the growth of the Intent-based Networking Market include the surge in human error rates in manual systems causing network downtime, growing number of devices on network, and need of automation in network architecture.

Chicago, March 21, 2023 (GLOBE NEWSWIRE) -- The Global Intent-based Networking (IBN) Market size is projected to grow from USD 0.8 billion in 2022 to USD 2.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on "Intent-based Networking (IBN) Market”
220 - Tables
46 - Figures
212 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=16628271

Scope of the Report:

Report Metrics Details
Market size available for years 2017–2027
Market Size Value in 2022 $0.8 billion
Revenue Forecast Size Value in 2027 $2.6 billion
Growth Rate 25.9%
Base year considered 2021
Forecast period 2022–2027
Forecast units Value (USD)
Segments covered Component (Solution and Services), Deployment type (Cloud and On-premises), Organization Size (Small and Medium-sized Enterprises [SMEs] and Large Enterprises), Vertical (IT & Telecom, BFSI, Healthcare, Manufacturing, Retail & Consumer Goods, and Other Verticals), and Region
Geographies covered North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
Companies covered Cisco (US), Juniper Networks (US), IBM (US), Huawei (China), HPE (US), Nokia (Finland), Wipro (India), Gluware (US), Forward Networks (US), NetBrain Technologies (US), Frinx (Slovakia), and Indeni (US)

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=16628271

The investments in R&D and emerging automation solutions is a factor expected to offer new revenue opportunities in the intent-based networking market. Networking companies are heavily investing in the R&D of networking solutions, with a focus on long-term value creation. Based on the fluctuations in short-term business performance and financial results, leading networking companies have not reduced their investment in the innovation and testing of network automation solutions. For instance, networking companies, such as Forward Networks, have come up with intent-based networking solutions. Intent-based networking takes business policy as its input, converts the requirement to a network configuration, and generates network designs. Networking companies are also producing “Ethernet fabrics.” Ethernet fabric is a network topology that enhances the performance, utilization, availability, and simplicity required to meet the networking requirement of modern virtual data centers. These continuous investments and positive outcomes are expected to further fuel the growth of the intent-based networking market.

Among offerings, the service segment is expected to grow at a higher growth rate during the forecast period. This growth is attributed to the growing need to maintain operational efficiency of the networking infrastructure. With the rising adoption of intent-based networking solutions, the demand for adequate services is on the rise. The benefits of employing services are improved network performance and reduced IT-related operating expenses resulting from the implementation of efficient networking platform.

By deployment type, the cloud segment is expected to witness the highest growth rate during the forecast period. This growth is attributed to the major benefits, such as network scalability, data accessibility, and cost savings are offered by cloud deployment mode in the market. Cloud plays a significant role in the transformation of remote assets from manual to automated network processes. Cloud-based IBN solution providers also take the responsibility of managing the service.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=16628271

Among organization sizes, the Small and Medium-sized Enterprises (SMEs) segment is expected to witness a higher growth rate during the forecast period. The growth of the services segment is attributed to the growing need for cost-effective networking automation solutions. intent-based networking vendors are offering tailor-made solutions to cater to the diverse range of SMEs. With the growing prominence of the cloud and disruptive technologies, SMEs are considering adopting IBN solutions and services, as they can prove to be cost-effective in improving their business operations. The increased use of advanced IT infrastructure has encouraged the adoption of IBN solutions and services across various industries.

In terms of geographic coverage, the intent-based networking market has been segmented into five regions: North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). APAC is expected to record the highest growth rate during the forecast period, owing to the rapid development of government initiatives toward improving network security, technology, start-ups, and resource optimization in the region. The demand for bringing intelligent connectivity for businesses and accelerating the industrial transition through digital transformation are driving the adoption of intent-based networking solutions across the region.

Browse Adjacent Market: Data Center and Networking Market Research Reports & Consulting

Browse Other Reports:

Simulation Software Market - Global Forecast to 2026

Digital Payment Market - Global Forecast to 2026

Automotive Ethernet Market - Global Forecast to 2026

Digital Transformation Market - Global Forecast to 2027

Blockchain Market - Global Forecast to 2027


About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Primary Logo