The Latin America, Middle East and Africa Intent-based Networking (IBN) Market would witness market growth of 29.9% CAGR during the forecast period (2022-2028).
The rise of wireless network devices in office environments, the expansion of broadband infrastructure, and the pervasive need for efficient network infrastructure management by businesses all contribute to the demand in the IBN market. Businesses are using intent-based systems to set up network components automatically and without human input, which cuts down on delivery delays and network outages. Furthermore, businesses use networking solutions to control their internal network from a single location. In addition, since intent-based networking software solutions support network automation, they are gaining popularity.
The need for automation in network infrastructure, rising adoption of cloud-based and SDN, growing demand for an effective connectivity network to handle rising traffic, and an increase in devices connected to networks have expedited the deployment of intent-based networking systems. Additionally, a rise in the rate of human error in manual systems that results in network downtime accelerate the development of the intent-based networking (IBN) market.
The UAE's technology industry is still growing. To achieve the ambitious UAE AI Vision 2031, as well as Abu Dhabi Vision 2031 objectives, the government has set aside substantial amounts of the budget, and the effort to diversify and expand a knowledge economy is opening up new opportunities. As a result, the UAE continues to be viewed as a prospective market for expansion by technology companies. Investment is also boosting demand for ICT goods and services in industries like healthcare, aerospace, aviation, the military and financial services, retail, transportation, and hospitality. These industries are also connected to the UAE's goals for economic diversification, like real estate and manufacturing. This is expected to contribute to market expansion.
The Brazil market dominated the LAMEA 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 $65.8 million by 2028. The Argentina market is experiencing a CAGR of 30.5% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 29.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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