The intent-based networking (IBN) market, valued at USD 1,425.3 million in 2024, is projected to surge to USD 5,606.3 million by 2030, registering a 25.6% CAGR. This growth is driven by the shift from traditional networks to intent-based ones, offering advanced features that maximize efficiency and minimize resource use.
IBN enhances network control and visibility, simplifies operations with automation, supports cloud and hybrid systems, and improves scalability, leading to better compliance and security.
In 2023, the solutions segment, categorized by components, held over 65% of the market. These solutions help reduce network complexity by using graphical interfaces to streamline and automate network configurations.
The managed services segment is expected to grow faster due to the shortage of skilled IT professionals, increasing demand for secure IT infrastructures, regulatory compliance, and the need to reduce risks and costs.
Get the sample copy of this report: https://www.psmarketresearch.com/market-analysis/intent-based-networking-ibn-market/report-sample
On-premises deployment will dominate the IBN market by 2030, accounting for 75% of the share. This dominance is driven by the ease of deployment and the growing digitalization across various sectors.
Large enterprises contribute the most to the market due to their significant investments in IBN and related services to efficiently manage customer bases. Their financial resources also allow them to acquire expensive infrastructure for IBN implementation.
The BFSI sector will see substantial growth in the coming years as financial institutions increasingly adopt IBN solutions to support the rollout of digital and customer-focused business models.
North America leads the market due to the presence of key players, advanced technology, and a robust telecom infrastructure, driving demand for IBN. Meanwhile, the APAC region will grow at the fastest rate, around 26.5%, due to rapid economic development in countries like India and China, leading to increased IT investment.
The growing use of Software-Defined Networking (SDN) and virtual networking will continue to drive the IBN market in the years to come.
Comments