IntentBased Networking Market Projected To Hit USD 6.2 Billion At A CAGR Of 21.12% By 2030 Report By Market Research Future (MRFR)

Intent Based Networking Market Report Global Forecast From 2022 To 2030

The IBN market is growing due to the increasing number of IoT devices

NEW YORK, USA, September 01, 2022. (GLOBE NEWSWIRE) -- According to Market Research Future's (MRFR) comprehensive research report, “Intent-Based Networking Market Research Report, Forecasts by Application, End-User, Component, and Region: 2030,” the market is expected to be valued at approximately $6.2 billion by the end of 2030. The report predicts the market to grow at a compound annual growth rate (CAGR) of over 21.12% during the review period.

Intent Based Networks (IBN) Market Overview.

Content-driven refers to an intelligent system that automates business using artificial intelligence and networks. Thanks to the technological base, many companies are making profits. The IT industry enjoys the highest adoption of network-based software. These industries can improve the workplace and improve coordination. There are many benefits associated with networking, such as planning, organization, structure, and improving accessibility.

In addition, IBN brings speed and agility to any business. Businesses can now modify their network infrastructure for better performance. Various segments of the configuration-based networking market are gaining high demand. Telecommunications and information technology are important industries that need more configuration-based networks. Most jobs today have complex operations. Many advanced applications bring automation to business. In addition, the cloud version of configuration-based networks offers large data storage. Large and medium-sized enterprises are developing rapidly among different regions. This creates a huge demand for high-speed networks and automation in companies.

Scope of the report:

Feature / scale relationships

details

Market size by 2030

6.2 billion dollars

compound annual growth rate

21.123%

accounting year

2021

forecast period

2022-2030

Historical information

2020

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the story continues

USP covered market

Configuration-based Network Market Manager

The global configuration-based networking market has grown exponentially in recent years. The growth of the market is driven by factors such as growth of commercial internet for seamless communication and automation, recent innovations and development of virtual networks.

Market constraints for configuration-based networks

On the other hand, lack of human intervention can hinder market growth.

Impact of COVID-19

The global health crisis has had a major impact on most industrial sectors around the world. The rapid spread of the disease in much of the world has prompted many governments to impose partial or total lockdowns. Travel restrictions and restrictions have been put in place around the world. During the pandemic, supply chain networks have been severely disrupted in many industries. Furthermore, the global health crisis has affected public health and severely affected global industrial and financial activity. Many branches of industry had to stop their production activities due to shortage of labor and raw materials. Like any other market segment, the global configuration-based networking market has also faced many unexpected challenges. From an economic point of view, the spread of the virus is difficult for organizations. The financial crisis has led to large revenue losses in many marzes. New projects in the configuration-based networking market had to partially suspend production. Goal-based network services and software quotas are activated during this period. Most organizations have closed their events in accordance with government regulations. Restrictions and closures affect network market distribution based on intent and production activities. Many organizations allow you to work from home to run your business.

On the other hand, the corporate landscape is not conducive to the configuration-based networking market. However, business networks are increasing every year. More target networks are expected to be adopted in the coming years. The global health crisis is causing a downward trend in the configuration-based networking market. On the other hand, the impact of Covid on the market should be positive.

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IBN market segment analysis

Based on components, the hardware segment is expected to generate the highest revenue in the entire global IBN market during the reporting period. The growth of this industry is driven by the rapidly changing creative landscape and changing business requirements that enable organizations to develop their own network hardware components such as routers and switches. These network components make up the company's business order. Expectations-driven networking innovation enables organizations to calculate the configuration of these system devices based on their business goals. In response to changing business requirements, network solution providers are emphasizing the development of dynamic network equipment.

Among all implementation methods, the solutions segment is expected to contribute the largest revenue share to the global configuration-based networking market during the reporting period. These fixes inevitably fix bugs and features by following the administrator's instructions; Therefore, desensitization is the key aspect that makes the field grow even more. The rise in data breaches in the industry is another major aspect that is likely to drive the growth of the industry during the assessment period.

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Among the end-use segments, the BFSI segment is expected to account for the highest revenue share in the entire global configuration-based networking market during the forecast period. Many financial institutions are using next-generation IBN solutions to improve the delivery of their digital offerings and customer-centric policies to enhance a personalized banking experience. IBN solutions can support the BFSI industry and provide new services to all industries while expanding their exposure to various commercial and consumer opportunities.

Regional market analysis of intent-based networks

The global configuration-based networking market is analyzed across five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

According to MRFR analysis reports, North America region is expected to dominate the global configuration-based networking market during the assessment period. Massive internet usage in the region is the major factor causing the largest growth in the regional market. Moreover, increasing investment in research and development is another important aspect supporting the growth of the regional market.

The configuration-based networking market in the Asia Pacific region is expected to witness significant growth during the assessment period. The growth of the regional market is due to factors such as favorable government initiatives and increasing number of small and large scale industries.

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competitive analysis

The list of key players in the Global Intent-Based Networking (IBN) market includes companies such as;

Related reports:

Wireless Network Infrastructure Market Insights Report by Telecom Infrastructure, Communication Technology and Region - Forecast to 2030

Mobile Virtual Network Operators Market by Type, Service, Infrastructure; forecasts until 2030

Optical Transport Network (OTN) Market Research Report. insights by technology, service, components, end-user and region; forecast until 2030

Wireless Sensor Networks Market Research Report by Application, by Sensor, by Technology - Forecast to 2027

About the future of market research.

Market Research Future (MRFR) is a global market research company that prides itself on providing comprehensive and accurate analysis of markets and consumers around the world. Market Research Future has a clear goal of providing high quality research and accurate customer research. Our studies of products, services, technologies, applications, end users and market players for global, regional and national market segments enable our clients to see more, learn more and do more, helping to answer their most important questions.

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