Intent-Based Networking Market To Generate $5,606.3 Million Revenue by 2030

The global intent-based networking market revenue is expected to reach USD 5,606.3 million by 2030, exhibiting a CAGR of 25.6% during 2024–2030.

This is due to the surging demand for advanced networks that run efficiently without human intervention and automatically find bottlenecks in the network configuration, thus reducing the time spent on repair activities and optimizing performance.

IBN is an advanced approach used to automate enterprise networking processes with the help of artificial intelligence, machine learning, and network coordination. It is much different from conventional networking, being a more-automated, intent-driven, and adaptable approach to network management. Further, it simplifies configuration, improves visibility, enhances troubleshooting, and enables faster network changes.

Moreover, network software and enterprise hardware are conceptually different. IBN is a future-oriented network strategy that utilizes software and specialized APIs to plan, create, and autonomously configure the necessary changes to the existing network, while parallelly enhancing its availability and agility.

IBN understands the business objective and converts it to IT rules that can be implemented and continuously analyzed throughout the network. This system is an open hardware and software pile with network-system-oriented management and virtualized and programmable, tangible infrastructure. Software products and software as a service are the most-common ways to purchase IBN systems. Networking gear, APIs, and software, which are available both for on-premises and cloud deployment, are part of the intent-based networking infrastructure.

Growing Number of Devices Connected to the Network

The burgeoning adoption of smartphones and connected medical and industrial devices and the increasing popularity of data sharing via IoT connectivity have resulted in the growth of the market. This has been possible by the continuous innovations in the internet technology. It is predicted that by the end of 2023, there will be more than three times as many IP-connected devices as people on the planet.

Moreover, by 2023 end, 5G devices and connections will account for more than 10% of all the mobile devices and connections worldwide. This surge in the usage of connected devices will strengthen the need for network automation solutions, which help in business process automation and productivity boosting.

Network automation solutions work locally on the network, automate device configuration, promise compliance, and utilize analytics to enhance business decisions. These technologies help businesses in evaluating device performance, monitoring data, and catching any illegal access. In order to achieve scalability and security, automation also makes sure that the devices are efficiently connected to the network.

Asia-Pacific Is Fastest-Growing Region

Asia-Pacific is expected to be the fastest-growing region, with a CAGR of around 26.5%, throughout the prediction period.

The demand for enhanced networking solutions is being driven by the region’s economic growth, particularly in China and India, which is resulting in the increasing investments in the information technology sector.

Moreover, due to the region’s huge population and rapid digitalization, many industries and corporations are becoming ‘connected’, which, in turn, is creating an enormous demand for efficient and intelligent networking solutions.

Additionally, regional governments are focusing on telecom infrastructure development, as a result of which intent-based networking is being utilized to upgrade and expand the network setup. The high importance of innovation, advancements in technologies, surge in cloud adoption, and enlargement of data centers in the region are further contributing to the increase in the deployment of IBN solutions.

Key players in the market include Anuta Networks International LLC, IBM Corporation, Gluware Inc., Cerium Networks Inc., Cisco Systems Inc., Fortinet Inc., Forward Networks Inc., Huawei Technologies Co. Ltd., Intentionet Inc. and Juniper Networks Inc.