Intent-based Networking Market Share

North American Market Forecast

The Internet-based networking market in the North American is predicted to hold the largest revenue share of about 30% during the forecast period. North America's intent-based networking market is anticipated to offer suppliers the most income potential due to the region's matured status and potential for technical developments. Because North America is home to the majority of IBN solutions and service providers, the region has seen tremendous market growth. The market in the region is anticipated to be driven by government incentives for the use of cutting-edge networking technologies like 5G, cloud, and IoT technology in intent-based networking. In North America, there will be close to 406 million 5G subscriptions by 2028 whereas there were 166 million 5G subscriptions in 2022.

APAC Market Statistics

Intent-based networking market in the Asia Pacific is projected to hold the second-largest revenue share of about 25% during the forecast period. The population of the Asia Pacific region is expanding quickly, and it is also seeing a spike in connected gadgets. The region's telecom providers are growing their network infrastructure to satisfy the growing needs of enterprises and consumers for connection. Furthermore, the usage of technologies like cloud computing and the Internet of Things is being pushed by an industry-wide push towards digital transformation, which is predicted to be positive for the growth of the intent-based networking market.