Allied Market Research published an exclusive report, titled, “Intent-Based Networking (IBN) Market by Component (Solution, Service), by Deployment model (Cloud, On-Premise), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprise), by Industry Vertical (BFSI, IT and Telecom, Healthcare, Retail and Consumer Goods, Government and Defense, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”.

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The global intent-based networking (IBN) market report summarizes market developments, competitor analysis, and future market and technological predictions. The report also assists the major market players in increasing their market share and maintaining their competitive position in the sector. It does this by highlighting the global intent-based networking (IBN) market from 2022 to 2031.

Additionally, it offers a qualitative analysis of a range of factors, such as the strategies employed by significant rivals, implicit possibilities, immediate impact on market size, regulatory framework, and economic influence. Significant investments are also included in the market research, on which stakeholders can base their CAGR and relative intent-based networking (IBN) market shares.

The report also investigates the global intent-based networking (IBN) market’s competitive landscape. It includes information about the product portfolios, market positioning, business performance, strengths, and market size and share analysis. It includes the strategies used by the frontrunners to grow and expand their presence by entering into agreements and entering new business sectors. Other strategic moves used by key market players involve joint ventures, product launches and mergers and acquisitions. The prominent market players discussed in the global intent-based networking (IBN) market include Cisco Systems Inc., Forward Networks, Inc., Gluware, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., IBM Corporation, Juniper Networks, Inc., NetBrain Technologies, Nokia, wipro.

The global intent-based networking (IBN) market report provides a detailed analysis of the industry based on the key parameters including sales analysis, market extent, essential drivers, and probable deals. The market is expected to grow significantly during the forecast period. Moreover, the report focuses on extensive statistics about the drivers, restraints, and opportunities that have a direct impact on the market. The drivers are the underlying factors that motivate consumers to purchase products, resulting in market expansion. The forces that cause the market to lag are known as restraints. The report additionally discusses opportunities to assist players in taking steps toward growth by assessing the potential in untapped regions.

The large enterprises segment to dominate by 2032

By enterprise size, the large enterprises segment accounted for around two-thirds of the global intent-based networking market share in 2022, and is expected to rule the boost by 2032. Surge in need to improve efficiency of employees and surge in demand for better business management among these large organizations drives the segment. The small and medium-sized enterprises segment would also display the fastest CAGR of 26.8% throughout the forecast period, owing to increase in number of SMEs in developing IT infrastructures in Asia-Pacific including China, Japan, and India. Moreover, continuous rise in number of government initiatives through various digital SME campaigns throughout the world fuels the growth of the market.

Asia-Pacific garnered the major share in 2032

By region, North America garnered the highest share in 2022, holding nearly one-third of the global intent-based networking market revenue in 2022. The increase in technical developments that are entirely revolutionizing the landscape of the IT industry and, in turn, encouraging the drive for the implementation of efficient servers and networking solutions propels the North American region. The Asia-Pacific region would also portray the fastest CAGR of 28.2% during the forecast period and is projected to retain its dominance by 2032, owing to the adoption of smart technologies such as AI and ML escalates the demand for intent-based networking (IBN). This is attributed to intent-based networking (IBN) that is continuously monitored, performance issues are identified immediately. Intent-based networking (IBN) also resolves these issues, using machine learning to determine the solution and implement it.

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