Intent-based Networking (IBN) Market Size, By Component (Software, Networking Hardware [Routers, Switches, Firewall], Service [Professional Services, Managed Services]), By Deployment Model (On-Premise, Cloud), By Application (BFSI, Healthcare, Government & Defense, IT & Telecom, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Intent-based Networking (IBN) Market size exceeded USD 900 million in 2019 and is estimated to grow at a CAGR of over 30% between 2020 and 2026. The industry growth is due to increasing demand for shortening network infrastructure deployment time.
 

IBN provides increased agility and availability, which will reduce the time to market significantly. It also reduces the number & duration of outages by half. Changing customer preferences are enabling enterprises to align their network infrastructure continuously and dynamically, leading to a rapid surge in market growth.
 

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A steep increase in network virtualization to fuel the market growth

The intent-based networking market landscape is characterized by a rapid uptake of network virtualization, providing greater control over the network through automation and machine learning. In addition, the adoption of intent-based networks will enable service providers to handle fluctuating web traffic loads and enterprise connectivity requirements during the COVID-19 quarantine phase.
 

Increasing need for agile networks to spur the outsourcing sector in France

In France intent-based networking (IBN) market, the services segment is poised to exhibit a steady growth of over 25% through 2026. Increasing trends of outsourcing IBN requirements for implementing agile networks have augmented the growth of professional and managed services.
 

Additionally, the changing business demands are pressurizing French enterprises to outsource their networking functions to third-party solution providers. The upward spike in the outsourcing trends to lower costs and increase operational efficiencies are expected to proliferate market growth for the services segment.
 

Increasing use of IBN tools by Chinese SMEs to expand the on-premise solutions segment

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In China, the on-premise deployment model segment dominated the IBN market with over 75% revenue share in 2019. This growth can be attributed to growing popularity of on-premise solutions amongst the Chinese SMEs to host their applications in-house rather than utilizing cloud applications. Moreover, better recovery and backup functionality offered by on-premise systems will further boost the market growth.
 

Changing network infrastructure requirements to drive the Mexico intent-based networking market growth for BFSI applications

In Mexico, the BFSI application sector is anticipated to expand at over 25% from 2020 to 2026 led by adoption of advanced IBN tools by Mexican financial enterprises to reduce the time to market of their digital services. Digital transformation is important for BFSI companies due to their customer-centric approach to secure and enhance personalized banking experience. As the Mexican BFSI sector is expanding its outreach toward various customers and market prospects, IBN solutions can help them deliver innovative services to cater to all branch locations.  
 

According to the January 2020 press release by Banco Nacional de Mexico (Citibanamex), Mexico’s second-largest bank in terms of assets, the growing trend of open banking, financial portability, and user authentication will challenge the existing network infrastructure. Ensuring readiness for handling these network challenges is one of the biggest concerns for BFSI enterprises, driving the market growth of IBN solutions in the region.
 

Supportive government initiatives to improve network infrastructure in Europe

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Europe held a significant portion of the intent-based networking (IBN) market with nearly 25% share in 2019. The European industry dominance is driven by favorable measures taken by member nations for the development of the network infrastructure.
 

In June 2018, European Investment Bank (EIB) along with leading financial institutions from Germany, Italy, and France partnered together to invest USD 495 million to finance broadband network infrastructure across underserved areas in Europe. These enterprises use IBN technology to manage their data-centric applications, influencing the market growth.
 

Furthermore, the high adoption of internet services and the centrality of cyberspace at all facets of the digital world are the primary factors supporting the market growth across the region. A high-level emphasis on network security will ensure constant monitoring and safeguarding of critical cyber assets in the region, creating new growth opportunities for the market.
 

Launch of innovative IBN solutions and strategic acquisitions to gain a competitive edge

The global IBN market is characterized by intensified rivalry among major players and fueled by strategic partnerships & new product launches. Leading players are focusing aggressively on investing in new acquisition opportunities to fuel their product development and business expansion strategies, gaining a competitive edge in the rapidly expanding market.
 

The emergence of several SMEs in the market, such as Apstra, Veriflow, and Forward Networks, has exerted immense strain on established players to continuously launch new products with added functionalities to maintain revenue share and profitability. IBN start-ups are offering innovative solutions that support multi-vendor heterogeneous environments as this will increase their market presence and offer stiff competition to major industry rivals.
 

Some of the key players operating in the industry include A10 Networks, Inc., Altran Technologies, SA, Anuta Networks, Inc., Apstra, Inc., Avi Networks (VMware), Cerium Networks, Cisco Systems, Inc., Fortinet, Inc., Forward Networks, Inc., Huawei Technologies Co., Ltd., Indeni Ltd., Intentionet, Inc., Juniper Networks, Inc., Veriflow Systems, Inc., Pluribus Networks, Inc., and Mode Group (Waltz Networks).
 

The intent-based networking market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:
 

Market by Component

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

Market by Deployment Model

• On-Premise
• Cloud

Market 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, Middle East & Africa (LAMEA)
  • Brazil
  • Mexico
  • Argentina
  • South Africa
  • Israel
  • GCC