Selbyville, Delaware, Aug. 15, 2019 (GLOBE NEWSWIRE) --
The APAC intent-based networking market is expected to grow at a CAGR of over 31% due to growing digitalization across SMEs. The enterprises in the region are deploying NFV technology to achieve elastic scaling of capacity and rapid & flexible deployment of applications & services. This integration makes the network infrastructure more complex. The intent-driven networking technology helps in simplifying network operations by real-time modifying, re-routing, and re-configuring virtual services on demand. Network solution providers in the region are deploying the virtualization network in the region to tap the growing intent-based networking market.
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The networking hardware segment in the intent-based networking market is expected to grow at a CAGR of over 30% during the forecast period due to the increase in data-centric applications. Changing business requirements with a rapidly evolving technological landscape enable enterprises to increase their number of networking hardware components such as routers and switches. These networking components need to be configured properly according to enterprises’ business needs. Intent-based networking technology allows enterprises to automate the configuration of these network devices as per the business objectives. The network solution providers are also focusing on the development of robust networking hardware products to match the changing business demands.
The IT & telecom segment is expected to hold a major intent-based networking market share of over 25% by 2025 due to increase in the use of bandwidth-intensive applications. These bandwidth-intensive applications enable enterprises to provide a robust networking solution to implement their networking policies. Intent-based networking technology helps companies to take advantage of the broadband to provide high-quality services. Enterprise IT challenges are rapidly growing with changing business & technology needs, such as the adoption of cloud platforms, rise in security threats, and decentralized manageability of various branches. This facilitates the need for advanced networking solutions, enabling them to address these challenges.
Browse key industry insights spread across 220 pages with 390 market data tables & 29 figures & charts from the report, “Intent-based Networking Market Size, By Component (Software, Networking Hardware [Routers, Switches, Firewall], Service [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Healthcare,, Defense, IT & Telecom, Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, Australia, South Korea, Southeast Asia, Brazil, Mexico, Argentina, South Africa, Israel, GCC), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/intent-based-networking-ibn-market
The cloud intent-based networking market is expected to grow at a rate of over 32% during the forecast period due to rise in the adoption of cloud computing services across the enterprises. Enterprises are adopting public cloud deployment models in which a service provider makes resources, such as virtual machines and applications, available to customers over the internet. Network solution providers are developing cloud-based intent-based networking solutions to support the cloud data center.
The major companies operating in this intent-based networking market are A10 Networks Inc., Altran, Anuta Networks, Apstra Inc., Cerium Networks, Cisco Systems, Inc., Forward Networks, Inc., Avi Networks, Fortinet, Inc., Huawei Technologies Co., Ltd., Intentionet, Inc., Juniper Networks, Inc., Veriflow Systems, Indeni Ltd., Pluribus Networks, and The Mode Group.
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