Intent-based Networking (IBN) Market Analysis

Intent-based Networking Market Analysis

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.

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.

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.

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.
 

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.