Intent Based Networking Market Surges to USD 2.05 Billion by 2030, Propelled by 24% CAGR - Verified Market Reports®

Verified Market Reports^® is excited to announce the release of its comprehensive report, "Intent-Based Networking Market: Trends, Analysis, and Forecast to 2030." This report is tailored for IT leaders, network managers, and technology decision-makers who are focused on the future of networking solutions, offering deep insights into the dynamic world of intent-based networking (IBN).

LEWES, Del., Nov. 14, 2024 /PRNewswire/ -- The Global Intent Based Networking Market is projected to grow at a CAGR of 24% from 2024 to 2030, according to a new report published by Verified Market Reports^®. The report reveals that the market was valued at USD 1.66 Billion in 2023 and is expected to reach USD 2.05 Billion by the end of the forecast period.

The Intent-Based Networking (IBN) market is driven by the increasing need for automation in network management, as organizations seek to enhance operational efficiency and reduce human error. The growing complexity of IT infrastructures and the demand for faster and more reliable network performance further fuel IBN adoption. Additionally, the rise of cloud computing, Internet of Things (IoT), and digital transformation initiatives is boosting demand for scalable and flexible networking solutions. However, market restraints include high initial costs associated with the implementation of IBN solutions, along with challenges in integration with legacy systems. There is also a lack of skilled professionals to manage advanced network systems, which hampers market growth. Furthermore, concerns regarding data privacy and security may deter some organizations from fully embracing IBN. As a result, the market's expansion faces some hurdles despite its promising potential.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=890604

Browse in-depth TOC on Intent Based Networking Market

202 - Pages
126 – Tables
37 – Figures

Scope of The Report

Global Intent Based Networking Market Overview

Increased Network Automation and Efficiency

As enterprises strive for greater network efficiency, automation is becoming crucial. Intent-Based Networking (IBN) enables automation by using software to interpret business policies and translate them into network configurations, reducing the need for manual intervention. This not only speeds up network provisioning and management but also minimizes human error, ensuring more reliable and optimized network operations. With organizations seeking ways to streamline their network operations and reduce operational costs, IBN is seen as a key enabler of network automation, thus fueling its growth.

Growing Complexity of IT Infrastructure

Modern businesses are operating in an increasingly complex IT environment with the integration of multi-cloud, hybrid clouds, IoT, and edge computing. Managing such diverse infrastructures manually has become cumbersome and prone to errors. IBN offers a solution by providing real-time network monitoring and self-healing capabilities, allowing organizations to manage their network environments more effectively. As IT infrastructure becomes more intricate, the demand for scalable and intelligent network management solutions like IBN continues to grow.

Enhanced Network Security and Compliance

With rising cybersecurity threats and regulatory requirements, organizations are prioritizing secure and compliant network management. IBN platforms enable automated, policy-driven security enforcement across networks, making it easier to maintain compliance with regulatory standards. By continuously validating network configurations against predefined security policies and business intent, IBN helps minimize vulnerabilities. This growing emphasis on security and compliance is driving the adoption of Intent-Based Networking, as companies look for intelligent systems that can proactively safeguard their network environments.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketreports.com/download-sample/?rid=890604

High Initial Investment Costs

One of the major barriers to the widespread adoption of Intent-Based Networking (IBN) is the high initial cost of implementation. The complexity of deploying IBN solutions, which often requires upgrading existing network infrastructure and adopting new technologies, can result in significant financial investment. For many organizations, particularly small and medium-sized businesses, the upfront costs of integrating IBN solutions may outweigh the perceived benefits, slowing market growth.

Integration Challenges with Legacy Systems

Integrating IBN platforms with legacy networking systems remains a significant challenge. Many businesses rely on older network technologies that may not be compatible with newer IBN solutions. This creates a complex transition process, requiring additional resources, time, and expertise. The difficulty in achieving seamless interoperability between new and legacy systems can hinder the adoption of IBN, especially in large, established enterprises with intricate, outdated infrastructures.

Shortage of Skilled Professionals

The adoption of IBN technologies demands a specialized skill set, including knowledge of advanced networking, artificial intelligence, and machine learning. However, there is a shortage of professionals capable of effectively managing and deploying these sophisticated systems. This skill gap poses a challenge to organizations seeking to implement IBN solutions, as it can result in delays, increased operational costs, and inefficient use of the technology, further limiting the market's expansion.

Geographic Dominance

The Intent-Based Networking (IBN) market shows substantial geographic dominance, particularly in North America and Europe, where advanced technological adoption and the need for network automation are driving growth. North America, led by the United States, is at the forefront due to its robust IT infrastructure, high demand for automation, and a strong presence of tech companies. Europe also plays a significant role, with businesses increasingly focusing on digital transformation and network security, spurring IBN adoption.

Meanwhile, the Asia-Pacific region is witnessing rapid growth as countries like China and India invest in modernizing their IT networks to support expanding digital economies. Africa, though a smaller market, is gradually adopting IBN solutions as businesses in developing regions seek greater network reliability. The Rest of the World also presents emerging opportunities, with growing awareness of IBN's benefits across various industries and sectors globally.

 Intent Based Networking Market Key Players Shaping the Future

Major players, including Cisco Systems Inc, Juniper Networks Inc, Huawei Technologies Co. Ltd, Pluribus Networks, A10 Networks, FireMon LLC, Cerium Networks, Veriflow Systems, Fortinet Inc, Indeni Ltd., Forward Networks Inc, Anuta Networks, Apstra Inc. and more, play a pivotal role in shaping the future of the Intent Based Networking Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Intent Based Networking Market Segment Analysis

Based on the research, Verified Market Reports^® has segmented the global Intent Based Networking Market into Type, Application and Geography.

• Intent Based Networking Market, By Type
• WAN
• MAN
• LAN
• PAN
• Intent Based Networking Market, By Application
• Civil
• Military
• Intent Based Networking Market, By Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Global Software Defined Networking and Network Function Virtualization Market By Type (Software (Controller, and Application Software)), By Application (Healthcare, BFSI), By Geographic Scope And Forecast

Global Enterprise Network Market By Type (Ethernet Switch, Enterprise Routers), By Application (Banking Financial Services and Insurance, IT & Telecommunication), By Geographic Scope And Forecast

Global Next Generation Network Market By Type (Hardware, Software), By Application (Telecom Service Provider, Internet Service Provider), By Geographic Scope And Forecast

Global Intent-driven Network (IDN) Market By Type (On-Premise, Cloud-based), By Application (IT and Telecom, Healthcare), By Geographic Scope And Forecast

Global Network Automation and Orchestration Market By Type (Network Control and Orchestration, Element and Network Management Systems), By Application (Business, Industrial), By Geographic Scope And Forecast

Global Network Telemetry Market By Type (Cloud, On-premises), By Application (Telecom Service Providers (TSPs), Cloud Service Providers (CSPs)), By Geographic Scope And Forecast

About Us

Verified Market Reports^® ­stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports' domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports^® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports' dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Reports^®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected] 
Web: https://www.verifiedmarketreports.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2486715/VM_Reports.jpg

SOURCE Verified Market Reports

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED