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3 major trends influencing intent-based networking market forecast

Publisher : Fractovia | Published Date : 2019-12-20Request Sample

Rising need to integrate numerous devices and services within businesses for employing new technologies will drive intent-based networking market size over the forecast period. Following decades of transformation, network systems have been moving away from traditional mechanisms that were complex and hard to operate, towards a more dedicated and smarter approach for managing networking tasks.

Lack of global references for networking and variations in designs depending on the organization makes providing network services difficult, which will lead to the development of suitable intent-based networking systems. Network complexity has been increasing over the years and an estimated 60% users consider that their IT environment has become more complex as compared to 2 years back.

Intent-based networking industry will experience substantial demand from the need ensure the traffic flows, configurations and policies are managed according to regulatory requirements and enterprise objectives.

Industries have rapidly been adopting wireless network devices that will stimulate the deployment of network and management solutions. Intent-driven solutions help reduce delivery time and network downtime by automatically configuring network components and require less human intervention.

Described below are some prominent factors estimated to influence global intent-based networking market forecast in the next few years:

Consistent demand for networking hardware

Applications that are primarily focused on data are on a rise and have made enterprises using networking components, to configure them according to their goals pertaining the business. The hardware components like routers and switches have also experienced considerable growth owing to the vital role they play in providing reliable network connectivity across the system.

Cisco is one of the many leading companies that builds devices supporting intent-based network systems and provides services and solutions to clients globally. Its total product revenue accounted for around $10.1 billion for the last quarter of fiscal 2019, where switching witnessed a double digit growth fueled by both data center and campus applications.

Routing can also be expected to increase as the number of service providers also surge for meeting the exponential demand for crucial IoT services. The hardware segment will contribute fairly towards expanding intent-based networking market share, owing to the changing technology environment and the increasing need for reliable, easy-to-configure hardware components.

Growing preference for cloud-based networking

Cloud based model for networking is expected to gain substantial traction owing to steady growth across IT environments and the ability of cloud to enable cheaper and faster automated interactions. Integration of intent-based network tools into clouds can significantly enhance interoperability and reduce complexity.

Networking systems will most likely use multi-cloud management for the fulfillment of various business processes in the industry, where several companies have been creating and launching cloud services for better network management.

For instance, Equinix had offered direct connections for AWS cloud through Equinix Cloud Exchange Fabric platform and has expanded the speed for hosted connections substantially. Growing use of multi-clouds and hybrid cloud infrastructure has made it easier for the companies to run key business applications, providing a lucrative platform for bolstering intent-based networking industry outlook.

Adoption of IoT devices in healthcare

The healthcare sector has witnessed the emergence of several applications demanding the effectiveness of intent-based networking systems in recent times. Networks in healthcare are aimed at giving organizations a dynamic and a better approach to access and security of data, necessary due to the addition of a greater number of IoT devices in the health IT infrastructure.

Health institutions now keep a track of the new or updated technology to be launched that have the potential to simplify the processes of managing IT operations.

Children’s Hospital Los Angeles, U.S., which experiences a rise in the total number of patients by 20,000 every year, reportedly leverages about 30,000 connected devices daily that include infusion pumps, medical imaging equipment, heart rate monitors, among others.

Healthcare networks are a crucial source for delivering improved patient outcomes and reduced cost of care, advantages which will help boost network capacity and advancement, invariably proliferating intent-based networking market share.

Key industry players like Anuta Networks, Cisco Systems, Avi Networks, Huawei Technologies, Veriflow Systems, Cerium Networks, Apstra Inc, Forward Networks, Intentionet, Juniper Networks and Pluribus Networks are consistently working on the development and launch of innovative networking products.

Collaborations, mergers and acquisitions will significantly impact global intent-based networking industry trends. For instance, Cisco had recently announced that it will acquire Acacia Communications for keeping pace with network architecture shifts and transform its intent-based network offerings through coherent optics technology.

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