According to the business intelligence report titled ‘Intent-based Networking (IBN) Market Size, By Component By Deployment Model (On-Premise, Cloud), By Application (BFSI, Healthcare, Government & Defense, IT & Telecom, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global intent-based networking market is speculated to witness considerable expansion between 2020-2026.
 

Surging demand for decreasing network downtime, coupled with emphasis on managing growing data traffic, and usage of data intensive applications are key factors spurring global intent-based networking (IBN) market growth. The ability of IBN to improve security with advanced automation, simplify operations and enhance network agility will also stimulate industry augmentation.
 

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For the unversed, intent-based networking (IBN) is defined as a lifecycle management software for networking infrastructure. It improves network availability and speed by helping in planning, designing, and operating networks. The four key features of IBN are automated implementation, translation & validation, awareness of network state, and assurance & dynamic remediation.
 

Moreover, IBN enables network administrators to describe exactly what they want the network to do, fulfil desired intent, and enforce policies. Real-time monitoring of the network in order to take corrective action and assuring dynamic optimization as per the intent is stimulating the adoption of intent-based networking. 
 

Based on component, global Intent-based networking (IBN) market is fragmented into networking hardware (switches, routers, firewalls), software, and service (professional services, managed services). Speaking of deployment model, the industry is bifurcated into cloud, and on-premises.
 

Moving on to application scope, the market sphere is divided into BFSI, healthcare, government & defense, IT & telecom, manufacturing, and others. Among these, manufacturing segment held 10% of the global intent-based networking industry share in 2019, owing to widespread adoption of software for exceptional network visibility and to manage endpoints.
 

Meanwhile, government & defense application segment is touted to record an annual growth rate of 25% through 2026, due to focus of government entities to automate network infrastructure in an effort to strengthen security against upcoming threats.
 

Lastly, worldwide intent-based networking (IBN) market report studies regional industry spheres like North America, Latin America, Europe, Asia Pacific, and other parts of the world to understand the existing trends and reveal profitable prospects.
 

Key players influencing global intent-based networking market dynamics are Cisco Systems Inc., Juniper Networks Inc., Fortinet Inc., Apstra Inc., Huawei Technologies Co. Ltd., Avi Networks, A10 Networks Inc., and Capgemini Engineering.