North America Intent-based Networking (IBN) Market Size, Share & Industry Trends Analysis Report By Component, By Deployment Type (Cloud, and On-premise), By Organization Size (Large Enterprises, and SMEs), By Vertical, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Intent-based Networking (IBN) Market would witness market growth of 21.8% CAGR during the forecast period (2022-2028).
An intuitive graphical user interface (GUI) or application programming interface (API) can provide input with IBN. In principle, an effective intent-based system would react to a system event automatically or upon request without requiring any input from the user. Most IBN tools and software are provided utilizing the network-as-a-Service (NaaS) paradigm, which enables the management of many devices from a single interface. There are various connections between software-defined networking (SDN) and intent-based networking.
However, it provides a major departure from conventional networking. The IBN solution is comparable to SDN because corporate hardware and software networks are logically separated. In the IBN process flow, an enterprise's intent is communicated to IBN using networking gear like routers and switches, a sequence of commands, and specific IBN APIs. The IBN system is an API-based network-oriented management system with a virtualized and configurable physical infrastructure. Its capacity for network condition awareness and its ability to continuously track network efficiency are both demonstrated by the data it collects from the network.
In order to keep up with technological advancements, some of the top telecom industry companies have local headquarters and are continually investing in enhancing and expanding their infrastructure. The use of IoT devices is predicted to rise as a result of 5G's speedy and secure connectivity, which enables flexible production as well as agile operations. This technology will enable automated assembly, product handling, networked logistics, packing, and autonomous carts. Many industries in North America are also aware of IoT and digital solutions.. This is expected to result in a rise in the use of the intent-based networking (IBN) market throughout the forecasted time period.
The US market dominated the North America 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 $753.7 million by 2028. The Canada market is poised to grow at a CAGR of 24.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By Organization Size
- Large Enterprises
- Telecom & IT
- Retail & Consumer Goods
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- NetBrain Technologies, Inc
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Global Intent-based Networking (IBN) Market Report 2022-2028
Europe Intent-based Networking (IBN) Market Report 2022-2028
Asia Pacific Intent-based Networking (IBN) Market Report 2022-2028