Intent-based Networking (IBN) Market - By Component (Software, Networking Hardware, Service), By Deployment Model (On-Premises, Cloud), By Application (BFSI, Healthcare, Government & Defense, IT & Telecom, Manufacturing) & Forecast, 2023 - 2032

Industry Statistics

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.
 

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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.
 

High expenditure on IBN infrastructure may impede industry expansion

The high cost associated with upgrading an organization's network from traditional systems to IBN infrastructure is hampering the intent-based networking (IBN) market's progress. Adopting IBN services offers increased network programmability, enhanced automation, and lower costs while also assisting enterprises in reducing network downtime by automatically configuring network components. These features of the product, along with technological developments, are speculated to aid manufacturers in overcoming the market retrain.
 

Rising need for consultancy and maintenance services to boost services segment revenue

Based on components, the IBN market from service segment is expected to rise at more than 30% growth rate through 2032. The mounting need for consultation, training, integration, and maintenance services in the industry is slated to bolster the service segment growth. IBN services provide quantifiable benefits in terms of security and agility to enterprises. As more businesses adopt IBN services to improve network capabilities and focus on core competencies.
 

Growing inclination by industry players toward managed services

In terms of service component, the managed service segment is estimated to attain nearly 30% gains till 2032. The need for managed services is being stimulated by the prevalent emphasis by businesses on outsourcing the complete management of network infrastructure to outside service providers, which is likely to supplement segment expansion.
 

Cost-effective implementation to amplify on-premise segment growth

In terms of deployment model, the on-premise segment held over 75% of the intent-based networking market share in 2022. The industry is set to witness growing demand for on-premises intent-based networking solutions due to their ease of deployment. Businesses that manage networks using traditional methods are finding it challenging to keep up with agile competitors as a consequence of digital transformation. Subsequently, the surging preference for on-premise deployment of solutions has fortified the security of networking components in businesses, which is foreseen to complement segment progress.
 

Deployment of advanced networking solutions to fuel product demand in government & defense applications

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The IBN demand from government & defense application is anticipated to reach USD 1.5 billion valuation by 2032. Government and defense agencies are rapidly implementing IBN technology to safeguard sensitive information from several external threats. Defense agencies are deploying advanced networking solutions to improve control over network resources, which is contributing to the increasing segmental revenue share.
 

Growing adoption of SDN and SD-WAN technology across APAC region

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Asia Pacific intent-based networking market revenue is predicted to grow at a CAGR of over 30% through 2032. The rise in demand for SDN and SD-WAN technology across the region is driving product uptake. SD-WAN technology has witnessed an increase in demand as more businesses strive to improve connectivity and network robustness on account of the proliferation of cloud computing in the region. In order to adapt to changing network demands, businesses are deploying IBN technology, enhancing overall business growth.
 

Strategic partnerships to define competitive landscape

Top participants operating in the intent-based networking industry are Huawei Technologies Co., Ltd., Capgemini Group (Altran), Cisco Systems, Inc., Fortinet, Inc., Gluware, Inc., Indeni Ltd., Juniper Networks, Inc. These leaders are developing innovative IBN solutions through partnerships.
 

In March 2022, cybersecurity solutions developer Fortinet partnered with five new service providers, including Indian technology company Microland, telecommunication service providers Etihad Atheeb Telecom Company, Spectrotel, Radius Telecoms, and TIME dotCom. These service providers integrated Fortinet Secure SD-WAN into their managed services to broaden the company’s reach internationally.
 

Impact of COVID-19 on IBN market trends

The COVID-19 outbreak saw an upsurge in product demand owing to the rapid industrial digitalization, positively influencing the industry dynamics. The spread of COVID-19 affected network operations in a number of ways as it prompted IT professionals to provide remote work access to staff members. It has also boosted the demand for cloud- and SaaS-based services, bolstering the requirement for intent-based networking solutions globally, which is primed to facilitate industry progress in the future.

The intent-based networking (IBN) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments:

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Market Insights, by Component

• Networking Hardware Components
  • Router
  • Switch
  • Firewall
  • Others
• Software
• Service
  • Professional Service
  • Managed Service

Market Insights, by Deployment Model

• On-Premise
• Cloud

Market Insights, by Application

• IT & Telecom
• BFSI
• Healthcare
• Manufacturing
• Government & Defense
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa (MEA)
  • South Africa
  • Israel
  • GCC