Intent-based Networking Market Analysis

Vertical (IT & Telecom, BFSI, Healthcare, Manufacturing, Retail & Consumer Goods)

Based on vertical, the BFSI segment is expected to hold 35% share of the global intent-based networking market during the forecast period. The BFSI industry is expected to grow significantly over the projected period as more financial institutions adopt state-of-the-art intent-based solutions to accelerate the implementation of their digital services and customer-centric business models to enhance personalized banking experiences. Personalized offers in banking are valued by nearly 70% of clients, indicating that consumers are looking for customized experiences from their financial institutions. Additionally, by expanding its exposure to a wider range of customers and commercial opportunities, intent-based networking solutions can help the BFSI sector supply state-of-the-art products to all branch locations. BFSI organizations can give critical business applications, such as online banking and transaction systems, priority thanks to intent-based networking. Technology-enabled operational efficiency guarantees that vital services obtain the network resources they require and provide a consistent user experience. Additionally, intent-based networking helps BFSI companies manage the regulatory maze that surrounds the financial industry by aiding in compliance reporting.

Deployment Type (Cloud, On-Premises)

Based on deployment type, the intent-based networking market share that came from the on-premise category was the highest with about 65% during the forecast period. Because of their ease of deployment, on-premise intent-based networking products are expected to see an increase in demand. The digital revolution also makes it harder for companies that still manage networks using antiquated techniques to compete with quick-thinking competitors. This has improved and reinforced the security protocols for corporate networking components, which is anticipated to accelerate the growth of the market. These days, more people are using intent-based networking solutions on-premise.

Our in-depth analysis of the global intent-based networking market includes the following segments: