Cisco (US) and Juniper Networks (US) are leading players in Intent-based Networking Market
MarketsandMarkets forecasts the global intent-based networking market size to grow from USD 0.8 billion in 2022 to USD 2.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period. Major factors expected to drive the growth of the intent-based networking market include need of automation in network architecture, growing need for efficient connectivity network to handle increasing, and growing number of devices on network.
The major intent-based networking vendors include Cisco (US), Juniper Networks (US), IBM (US), Huawei (China), HPE (US), Nokia (Finland), Wipro (India), Gluware (US), Forward Networks (US), NetBrain Technologies (US), Frinx (Slovakia), and Indeni (US). These players have adopted various growth strategies in the intent-based networking market. Agreements, collaborations, and partnerships, and new product launches and enhancements have been the most dominating strategies adopted by major players from 2021 to 2023, which helped them innovate their offerings and increase their customer base.
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Cisco is one of the leading vendors that provide intent-based networking solutions. Intent-based networking built on Cisco DNA takes a software-delivered approach to automating and assuring services across the WAN and campus and branch networks of users. Cisco's one of the product categories—secure agile networks—has generated the revenue of USD 23.8 billion in fiscal year 2022. The company has a wide product portfolio for intent-based networking management and automation. The R&D investments of the company are applied generally to all product areas, with specific areas of focus being identified regularly. The company’s recent areas of increased focus include intent based networking technologies, security, and analytics products. The company also focuses on acquisitions and partnerships to achieve business growth and increase in intent-based networking category. In the year 2021, the company acquired IMImobile, Socio Labs, and Kenna Security to improve its product portfolio.
Juniper Networks provides enterprise networking solutions that transform the network experience of users with resilient, closed-loop, and intent-driven automation powered by AI and ML. The company also focuses on launching intent-based networking products regularly. Juniper Networks provides intent-based networking solutions that transform the network experience of users with resilient, closed-loop, and intent-driven automation powered by Artificial Intelligence (AI) and Machine Learning (ML). Juniper Networks has entered into strategic acquisitions and partnerships with strong players, which would help it to expand its product portfolio and distribution networks in several markets. Juniper Networks has emerged as a key player for intent-based networking services and solutions. In addition, Juniper Networks has global operations and earns its revenue from multiple regions, including Americas, EMEA, and APJC. The company also focuses on acquisitions and partnerships to achieve business growth and increase in intent-based networking. For instance, Juniper Networks acquired Netrounds in September 2020, enabling Juniper to fully automate the complexities of testing. In the year 2021, the company acquired Apstra and partnered with Indonet; it acquired WiteSand in 2022, thus increasing its product portfolio. Also, Juniper Networks partnered with Anuta Networks in June 2020 to deliver advanced intent-based networking.
Related Reports:
Intent-based Networking (IBN) Market by Component (Solution, Services (Professional Services and Managed Services)), Deployment Type (Cloud and On-premises), Vertical (IT & Telecom, BFSI, Healthcare), Organization Size, & Region - Global Forecast to 2027
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