The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The intent-based networking (IBN) market has witnessed exponential growth in recent years, with the market size expected to reach $1.8 billion in 2024, growing at a CAGR of 30.0%. This growth is attributed to several factors:

• Past technological disruptions
• Competitive landscape
• Education and awareness initiatives
• Industry demand shifts
• Increasing network complexity

Forecast and Major Trends

Looking ahead, the IBN market is poised for continued expansion, projected to grow to $4.94 billion by 2028, with a CAGR of 28.7%. Key drivers for this forecasted growth include:

• Rapid technological innovation
• Industry-specific requirements
• Enhanced awareness and education
• Market competition dynamics

Major trends shaping the forecast period include:

• Future technological disruptions
• Agility and flexibility needs
• Evolution of edge computing
• Cloud migration
• Scalability requirements

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IoT Proliferation Driving IBN Market Surge

IoT Devices as Catalysts

The proliferation of Internet of Things (IoT) devices is expected to be a significant driver for IBN market growth.

• IoT devices refer to nonstandard computing devices connecting wirelessly, providing data.
• IBN manages networks by considering technologies, IT systems, people, data, and services.
• Projections indicate a staggering rise in IoT device numbers, from 10 billion in 2021 to over 25.4 billion by 2030.

Innovations Fueling Market Growth

NetBrain’s Breakthrough Automation

Technological advancements are a prominent trend in the IBN market, with companies introducing innovative solutions to gain a competitive edge.

• NetBrain Technologies Inc. introduced the Problem Diagnosis Automation System (PDAS) in February 2022.
• PDAS features patented network intent technology, reducing network issue diagnosis time and minimizing disruptions.

Strategic Moves in the Industry

Cisco’s Strategic Acquisition

In November 2021, Cisco Systems, Inc. made a strategic acquisition of Replex, boosting AppDynamics’ growth and expanding its product capabilities.

• Replex, a Germany-based enterprise software company, brings expertise in observing enterprise-scale, cloud-native environments.

Market Segmentation and Regional Insights

Segmentation Overview

The IBN market is segmented based on:

1. Component Type: Networking Hardware Components, Software, Service
2. Deployment Model: On-premise, On cloud
3. Application: Healthcare, BFSI, IT And Telecom, Manufacturing, Government And Defense, Other Applications

Regional Perspective

• North America dominated the IBN market in 2023.
• Asia-Pacific is anticipated to be the fastest-growing region in the forecast period.

Conclusion

The intent-based networking market is experiencing remarkable growth, driven by technological advancements, IoT proliferation, and strategic industry moves. With innovations like NetBrain’s PDAS and strategic acquisitions by major players like Cisco, the market is poised for significant expansion in the coming years. As industries increasingly rely on network automation and intelligence, IBN solutions will play a crucial role in shaping the future of networking infrastructure worldwide.

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The Intent-Based Networking (IBN) Global Market Report 2024  provides an overview of the intent-based networking (IBN) market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The intent-based networking (IBN) market forecast analyzes intent-based networking (IBN) market size, intent-based networking (IBN) market share, leading competitor and their market positions.

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