The Europe Intent-based Networking (IBN) Market would witness market growth of 22.4% CAGR during the forecast period (2022-2028).
The market's overall development opportunities would be improved by the growing need for agile networks. These flexible networks may boost operational effectiveness. Throughout the projected period, the market for intent-based networking (IBN) will expand overall due to these outsourcing trends. Intent-based networking will also change favorably as a result of the supportive government policies. Many governments now support businesses in implementing these technologies. The market for intent-based networking (IBN) is more profitable overall as a result of all these characteristics.
Government and defense organizations are quickly deploying IBN technology to protect sensitive data from outside attacks. In addition, defense agencies are implementing cutting-edge networking solutions to enhance control over network assets, causing the segmental revenue share to grow. Software-defined wide area networks (SD-WAN), AI, ML, 5G, Wi-Fi 6, and edge computing have increased use. These sophisticated technologies help networks run more efficiently and address network challenges. IBN is a crucial step for businesses to build a social network that develops intelligence and responsiveness and constantly embraces and safeguards the network.
ICT is a priority industry, according to the German government. Germany's innovation and economic agenda is outlined in the Digital Agenda of the BMWi or the Federal Ministry for Economics and Energy of the nation. It strongly emphasizes economics, workspaces, innovative public administration, education, research, science, social, digital environments, culture, media, security, protection, and corporate and societal confidence. Among the strategy's objectives are the digitalization of the nation's economy and the expansion of the German broadband network. Hence, as the WFH culture expands and the German government places more emphasis on the development of the IT sector, there is a developing need for intent-based networking solutions in the region, thereby fuelling the expansion of the regional market.
The Germany market dominated the Europe Intent-based Networking (IBN) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $186.4 million by 2028. The UK market is anticipated to grow at a CAGR of 21.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 23.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution, and Services. Based on Deployment Type, the market is segmented into Cloud, and On-premise. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on Vertical, the market is segmented into Telecom & IT, Retail & Consumer Goods, Manufacturing, BFSI, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Intent-based Networking (IBN) Market is Projected to reach USD 2.9 Billion by 2028, at a CAGR of 23.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Hewlett-Packard enterprise Company (HP Development Company L.P.), Nokia Corporation, Wipro Limited, Gluware, Inc., Forward Networks, Inc. and NetBrain Technologies, Inc.
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By Deployment Type
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