The Asia Pacific Intent-based Networking (IBN) Market would witness market growth of 24.3% CAGR during the forecast period (2022-2028).
Intent-based networking (IBN) market expansion will be supported by growing interest in process automation as well as network infrastructure management within enterprises. IBN solutions and services are becoming more popular due to cutting-edge advancements, like network orchestration, to supervise entire network systems. Among small and medium-sized businesses, there is an exponential growth in interest in IBN programming solutions. The advancement is credited to advantages in cost savings, organizational adaptability, and control over system foundations.
Companies have embraced remote system devices that will invigorate system organization and the executive's plans swiftly. By naturally designed system components and minimal need for human intervention, intent-driven arrangements assist in reducing the organized personal time as well as conveyance time. Intent-based networking (IBN) market developments are thought to be driven by government work, such as strict data management regulations. The digitalization of businesses is also being extended to create new opportunities for IBN architecture suppliers in domestic and international business sectors across various income brackets.
Due to the rising number of IoT devices and expanding digitization in this region, which allows businesses to implement new network technologies, the Asia Pacific is anticipated to show a significant demand for IBN solutions. In the coming years, most of Asia's top 1,000 companies will have made digital transformation the centerpiece of their corporate strategies, with the majority establishing a separate position to oversee the execution of their digital transformation strategy. In addition, efforts pursuing digital transformation strategies would more than double their capacity for software development, and a significant amount of IT revenues will be used to fund the creation of new digital expense streams. Therefore, the region presents lucrative growth opportunities for the expansion of the intent-based networking (IBN) market.
The China market dominated the Asia Pacific 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 $232.6 million by 2028. The Japan market is estimated to grow a CAGR of 23.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 25% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
By Component
By Deployment Type
By Organization Size
By Vertical
By Country
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