Intent-based Networking Market Size & Share, by Component Type (Networking Hardware Components, Software, Service); Deployment Type (Cloud, On-Premises); Organization Size (SMEs, Large Enterprises); Vertical (IT & Telecom, BFSI, Healthcare, Manufacturing, Retail & Consumer Goods) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Increased usage of Software-Defined Networking (SDN)- High bandwidth networks are becoming more and more necessary because most businesses globally now provide remote working options. As a result, the adoption of software-defined and virtual networking has grown in several industry verticals. Intent-based network automation, which analyses and manages network traffic, configuration, policy deployment, and capacity to simplify business continuity, is directly impacted by this increasing adoption. The network and data centers are safer and less vulnerable to risk owing to this improvement in network infrastructure.
• An Increasing Number of Networked Devices- The Internet of Things (IoT) has witnessed a significant surge in the adoption of connected devices, smartphone usage, and data sharing, all owing to technological advancements. By 2023, there will be more gadgets connected to IP networks than people on the planet, according to the Cisco Annual Internet Report. By 2023, 5G connections and devices will account for more than 10% of all mobile connections and devices worldwide. The need for network automation solutions, which aid in business process automation and boost productivity, is being driven by the growing usage of connected devices. Network automation solutions operate locally on the network, automate device configuration, guarantee compliance, and use analytics to gain more insightful business information. These technologies have aided businesses in monitoring data, tracking device performance, and identifying any unwanted access. Furthermore, automation makes sure that the devices are securely and scalable within the network by integrating them correctly.
• The Increasing Internet of Businesses- The intent-based networking market is mostly driven by the growing use of the Internet by organizations for seamless and automated networking. High-end advancements like artificial intelligence (AI), machine learning, and sophisticated network systems make IBN more appealing to businesses. Medium-sized enterprises and large organizations can both benefit from intent-based networking. The organizations will profit financially from these advances in several ways. Businesses benefit from embracing these gadgets and remote systems. With this technology, businesses can design customized networking systems. These days, a lot of firms are concerned about data breach instances. Large-scale revenue losses may result from these data breaches in businesses.

Challenges

• Lack of awareness among network administrators- Numerous vendors worldwide are offering a wide range of features and functions in their network automation solutions. To manage the network infrastructure and select the best solution, network administrators must be aware of their requirements. Technology in the corporate system has been evolving quickly in the era of convergence. The majority of network managers are cautious about automating their networks and changing the SOPs. For network administrators to extract more knowledge from unstructured network data, solution providers must therefore provide them with additional training and educational opportunities. There are not enough competent workers in many firms, particularly SMEs, to handle the network infrastructure. Therefore, a barrier to the expansion of the intent-based networking market is network administrators' ignorance of the differences between certain network automation systems.
• The advancement of the intent-based networking (IBN) business is being hampered by the expensive expense of upgrading an organization's network from old systems to IBN infrastructure.
• The intent-based networking market is being challenged by growing risks and weaknesses in networking.