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Intent-based Networking Market to be Worth $8.9 Billion by 2031 – Exclusive Report by Meticulous Research®

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REDDING, Calif., July 30, 2024 /PRNewswire/ — According to a new market research report titled, ‘Intent-based Networking Market by Offering, Deployment Mode, Organization Size, Application (Network Automation & Orchestration, Policy Enforcement & Security, Network Monitoring & Analytics), End User, and Geography – Global Forecast to 2031,’ the intent-based networking market is expected to reach $8.9 billion by 2031, at a CAGR of 23.9% from 2024 to 2031.

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Intent-based networking (IBN) is a software-enabled automation technique that uses advanced intelligence, analytics, and orchestration to improve network performance and reliability. It is an emerging technology expected to replace manual network configuration and issue resolution processes with a higher level of intelligence and intended state. IBN uses artificial intelligence and machine learning to prescribe and execute routine tasks, establish policies, respond to system events, and ensure that goals and actions are met.

Intent-based networking is a declarative network operation model. It differs from usual imperative networking, which requires network engineers to specify the sequence of activities required on specific network nodes, resulting in a high potential for error.

The intent-based networking market is expanding due to increasing network complexity, increased need for network agility and efficiency, and a growing requirement for Zero-touch Provisioning (ZTP) and unified network visibility. However, the absence of standardization hinders the growth of this market.

The integration of networking with Artificial Intelligence (AI) and Machine Learning (ML) technologies is poised to transform the intent-based networking business, creating significant growth potential. However, the challenges of deploying and integrating these solutions present a substantial impediment to market growth.

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The global intent-based networking market is segmented by offering (solutions and services), deployment mode (on-premise deployment and cloud-based deployment), organization size (large enterprises and small & medium-sized enterprises), application (network automation & orchestration, policy enforcement & security, dynamic network optimization, network monitoring & analytics, and network policy compliance & governance), end user (CSPs, data centers, and enterprises (IT & telecommunications, manufacturing, government & public sector, retail, BFSI, healthcare and life sciences, education, energy and utilities, media & entertainment, and other end-use industries), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa). This study also evaluates industry competitors and analyzes the market at the country and regional levels.

Based on offering, the global intent-based networking market is segmented into solutions and services. In 2024, the solutions segment is expected to account for a larger share of around 60% of the intent-based networking market. The growth of this segment is attributed to the increasing R&D investments and rising demand for dynamic connectivity among communication service providers.

However, the services segment is estimated to register the highest CAGR during the forecast period. This segment’s rapid growth is driven by enterprises’ growing requirements for network integration and key market players’ emphasis on providing advanced network automation professional services.

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Based on deployment mode, the global intent-based networking market is broadly segmented into on-premise deployment and cloud-based deployment. In 2024, the on-premise deployment segment is expected to account for the larger share of 64% of the intent-based networking market. This segment’s growth is attributed to the high acceptance of intent-based networking among large enterprises, the rising demand for comprehensive network security and control, the increasing deployment of network automation solutions across on-premises data centers, and the growing demand for custom configurations to suit organizations’ unique requirements. The advantages of on-premise deployment of intent-based networking include higher network visibility, decreased manual configuration tasks, improved network security, better compliance with business objectives, and increased network efficiency and reliability.

However, the cloud-based deployment segment is poised to register the highest CAGR during the forecast period. This segment’s rapid growth is driven by organizations’ growing need to handle complex network requirements while lowering infrastructure startup and operational costs, as well as their increased investments in network infrastructure expansion through cloud deployments.

Based on organization size, the global intent-based networking market is segmented into large and small & medium-sized enterprises. In 2024, the small & medium-sized enterprises segment is expected to account for the larger share of the intent-based networking market. This segment’s growth is attributed to the SMEs’ rising need to create agile, secure, and efficient work environments and the growing demand for intent-based networking solutions among SMEs operating in the education, retail, healthcare, manufacturing, government, and manufacturing sectors.

Moreover, this segment is also expected to record a higher CAGR during the forecast period.

Based on application, the global intent-based networking market is segmented into network automation & orchestration, policy enforcement & security, dynamic network optimization, network monitoring & analytics, and network policy compliance & governance. In 2024, the network monitoring & analytics segment is expected to account for the largest share of around 36% of the Intent-based networking market. This segment’s growth is attributed to organizations’ increasing use of network monitoring to identify and resolve issues quickly, growing demand for network monitoring tools, demand for improved overall network security, and demand for highly reliable and scalable network monitoring solutions.

However, the network automation and orchestration segment is estimated to record the highest CAGR during the forecast period. This segment’s growth is driven by a growing demand for safe and smart healthcare systems with intent-based networking technology, a growing need to detect and identify old hardware, compliance issues, and storage issues, and the increasing need for zero-touch provisioning and unified network visibility.

Based on end user, the global intent-based networking market is broadly segmented into CSPs, data centers, and enterprises. In 2024, the data centers segment is expected to account for the largest share of around 42% of the global intent-based networking market. The growth of this segment is attributed to the data centers’ growing need to automate routine workflows and processes, reduce repetitive/mundane tasks, speed up processes, and drive down overheads, and the increasing deployment of network automation solutions among data centers.

However, the enterprises segment is expected to record the highest CAGR during the forecast period. The enterprises segment is further sub-segmented into IT & telecommunications, manufacturing, government & public sector, retail, BFSI, healthcare & life sciences, education, energy & utilities, media & entertainment, and other end-use industries. This segment’s rapid growth is driven by the rising demand for intent-based networking solutions and increasing deployments of network automation solutions across enterprises.

Based on geography, the intent-based networking market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of around 37% of the intent-based networking market. This region’s large market share is attributed to an established sales force for network automation solutions, service providers’ initiatives towards network automation, and increasing demand for data center and IT infrastructure automation.

Moreover, Asia-Pacific is anticipated to register the highest CAGR of 11% during the forecast period. The increasing deployment of SDN and NFV by enterprises and rising demand for a broad range of value-added network services are the major factors contributing to the market’s growth.

The key players operating in the global intent-based networking market are Arista Networks, Inc. (U.S), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc (U.S.), Fortinet, Inc. (U.S.), VMware, Inc. (U.S.), Hewlett Packard Enterprise Company (U.S.), Nokia Corporation (Finland), Huawei Technologies Co., Ltd. (China), IBM Corporation(U.S.), Anuta Networks International LLC (U.S.), NetBrain Technologies, Inc. (U.S.), Forward Networks, Inc. (U.S.), Gluware, Inc. (U.S.), NetYCE BV (Netherlands), AppViewX (U.S.), and Itential (U.S.).

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Scope of the Report:

Intent-based Networking Market Assessment—by Offering                  

SolutionsServices

Intent-based Networking Market Assessment—by Deployment Mode

On-premise DeploymentCloud-based Deployment

Intent-based Networking Market Assessment—by Organization Size   

Small & Medium-sized EnterprisesLarge Enterprises

Intent-based Networking Market Assessment—by Application

Network Monitoring & AnalyticsDynamic Network OptimizationNetwork Automation & OrchestrationPolicy Enforcement & SecurityNetwork Policy Compliance & Governance

Intent-based Networking Market Assessment—by End User

Data CentersEnterprisesBFSIIT & TelecommunicationsMedia & EntertainmentManufacturing Healthcare & Life SciencesRetailGovernment & Public SectorEducationEnergy & UtilitiesOther End-Use IndustriesCSPs

Intent-based Networking Market Assessment—by Geography

North AmericaU.S.CanadaAsia-PacificChinaJapanIndiaSouth KoreaThailandIndonesiaAustralia & New ZealandRest of Asia-PacificEuropeGermanyU.K.FranceItalySpainNetherlandsRest of EuropeLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & Africa

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Related Reports:

Network Security Firewall Market by Type (Unified Threat Management, Next-generation Firewall), Component (Solution, Services), Deployment (On-premise, Cloud), Industry Size (SME, Large Enterprises), and Geography – Global Forecast to 2025

Managed Network Services Market by Service Type, Organization Size, Deployment Mode, Industry Vertical (BFSI, Retail & E-commerce, IT & Telecommunications, Manufacturing, Government, and Education), and Geography – Global Forecast to 2030

Software-Defined Wide Area Network (SD-WAN) Market by Component, Organization Size, Deployment Mode, End User (Communication Service Providers, Data Centers, and Enterprises), and Geography—Global Forecast to 2029

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Mr. Khushal Bombe
Meticulous Market Research Inc.
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California, 96001, U.S.
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Gurucul Report Finds Complex IT Environments Are Main Cause of Insider Threats

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October 2, 2024

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Insider Risk Management teams stress the need for unified visibility amidst rising insider attacks 

LOS ANGELES, Oct. 2, 2024 /PRNewswire/ — Gurucul announced today that its 2024 Insider Threat Report revealed the drivers of insider attacks, with growing IT complexity ranking first. The report from Gurucul and Cybersecurity Insiders is based on the insights of more than 400 IT and cybersecurity professionals to capture the latest trends, challenges and best practices in managing insider threats. It provides a comprehensive overview of how organizations are addressing these critical security challenges today. The report is available for download.

The landscape of insider risk management continues to evolve rapidly, driven by increasing complexities in IT environments, the adoption of hybrid work models, and knowledge workers’ increased adoption of sophisticated GenAI tools. Organizations need the right tools, processes, and resources to quickly, accurately and ethically identify insider threat risks. Many platforms don’t provide the complete data visibility and high-fidelity threat detections needed.

Gurucul’s report unearthed these key points:

What drives insider attacks: Complicated IT environments (39%), newly adopted technologies (37%) and poor security (33%) are the top three factors responsible for the skyrocketing number of insider attacks. These insights reveal the areas companies must address.Attacks are expensive and more frequent: 48% of companies said they’ve had more insider attacks in the previous 12 months, and 51% of respondents had six or more attacks in that time. For 29% of companies, the average remediation cost surpassed $1 million.The price tag for cyber-attacks: 32% of organizations estimated the average cost to remediate an insider attack was $100,000 to $500,000; 27% set this cost at $500,000 to $1 million. Another 21% noted their cost was $1-2 million, with 8% estimating the cost to exceed $2 million. Just 12% said their cost was under $100,000.Tools Gap: While 50% of respondents have a partially integrated solution, 28% of organizations still rely on limited integration, managing visibility through separate, non-integrated tools, 17% have altogether insufficient tooling, and 20% use disparate systems for monitoring users, applications, and devices, revealing a significant tools gap

Saryu Nayyar, CEO and founder, Gurucul, said: “From increasingly sophisticated cyber threats to rapid changes in the market and in technologies, organizations today face a myriad of cybersecurity challenges. Our report revealed that organizations are struggling with an increasing number of insider attacks, which can devastate a business. A strong cybersecurity strategy that incorporates next-generation threat detection, investigation and response technology is a key component in winning the battle against these and other threats.”

Methodology: In conjunction with Cybersecurity Insiders, Gurucul’s 2024 Insider Threat Report is based on a comprehensive online survey of 413 cybersecurity professionals, conducted in August 2024, to gain deep insight into the latest trends, key challenges, and solutions for insider threat management.

About Gurucul

Gurucul is a security analytics company founded in data science that delivers radical clarity about cyber risk. We analyze enterprise data at scale using machine learning and native, secure artificial intelligence. Instead of useless alerts, you get real-time, actionable information about true threats. Our cloud-native platform is open and flexible, so it accommodates your environment and processes. Deploy it anywhere, use any data lake, and integrate it with any security tool. To learn more, visit gurucul.com and follow us on LinkedIn and Twitter.

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NIKOLA RECORDS SALES OF 88 HYDROGEN-POWERED CLASS 8 TRUCKS FOR NORTH AMERICAN CUSTOMERS IN Q3 2024; 200 TOTAL SOLD THIS YEAR

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October 2, 2024

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PHOENIX, Oct. 2, 2024 /PRNewswire/ — For Q3 2024, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 88 Class 8 Nikola hydrogen fuel cell electric trucks, firmly within truck sales guidance of between 80 and 100 fuel cell units for the quarter.

For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total since the truck went on sale in Q4 of last year.

“This is a record sales quarter for Nikola, with 88 hydrogen fuel cell electric trucks wholesaled to our dealers for end customers, as well as the addition of a first-ever U.S. dealer-based HYLA modular refueling station,” said Nikola CEO Steve Girsky. “Despite overall market headwinds, Nikola remains focused on our mission to pioneer solutions for a zero-emission world, and we’re doing it one truck at a time.”

All Nikola trucks are assembled in Coolidge, Ariz.

NOTE: Nikola has not completed its quarterly review process or the preparation of its financial statements for the third quarter ended September 30, 2024.

ABOUT NIKOLA CORPORATION
Nikola Corporation’s mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming transportation and over-the-road freight services. With our Class 8 vehicles, including battery-electric (BEV) and hydrogen fuel cell electric trucks (FCEV), and our energy brand, HYLA, we are driving the advancement of the complete hydrogen refueling ecosystem. This encompasses supply, distribution, and dispensing, reflecting our commitment to sustainable practices and a cleaner future.

Nikola is based in Phoenix, Ariz. with a manufacturing facility in Coolidge, Ariz. 

Experience our journey to achieve your sustainability goals at nikolamotor.com or engage with us on social media via Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the “Company”), including statements relating to: the belief that the Company is pioneering solutions that will help transition to a zero emission future; the first ever dealer based hydrogen fueling station; and making progress one truck at a time despite market headwinds. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: completion of the Company’s review of its third quarter results; changes to assumptions underlying vehicle sales; the ability of the Company to access sufficient capital to meet its requirements and fund its business; manufacturing delays and difficulties; risks related to the rollout of the Company’s hydrogen fueling infrastructure and the timing thereof; construction risks and delays; the availability of access to hydrogen refueling facilities; the level of and cancellation of customer orders; risks associated with manufacturing batteries and fuel cell power modules; variations in and characteristics of the hydrogen fueling location, including but not limited to fueling hardware and software protocol, fuel amount, and fueling conditions, any of which may affect refueling times; and the factors, risks and uncertainties described in the “Risk Factors” section of the Company’s annual report on Form 10-K for the year ended December 31, 2023 filed with the SEC, in addition to the Company’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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PlanHub to Take Center Stage at NAHICA’s ExpoContratista 2024 event this October

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October 2, 2024

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PlanHub, the premier cloud software platform for commercial construction entrepreneurs, will be a featured participant at NAHICA’s ExpoContratista 2024 event in Atlanta, GA on October 4th and 5th. They will be hosting highly-anticipated seminars on both days of the event, as well as answering questions and offering live demos at booth #3602.

WEST PALM BEACH, Fla., Oct. 2, 2024 /PRNewswire-PRWeb/ — PlanHub, the premier cloud software platform for commercial construction entrepreneurs, has announced a major presence at NAHICA’s upcoming ExpoContratista 2024 event, taking place in Atlanta, GA on October 4th and 5th.

The Hispanic construction community plays a crucial role in the growth and success of our industry,” said Ro Bhatia, PlanHub CEO.

As an extension of the company’s ever-growing synergy with NAHICA, PlanHub will present two highly-anticipated workshops (beginning at 3 pm EST on both days) focusing on sharing invaluable strategies for growing your business.

Additionally, PlanHub will be present and available throughout the event at booth #3602 to chat with attendees and showcase the platform’s latest tools. Team members will field questions, conduct live demos, and offer booth visitors a unique in-person opportunity to learn how they can save time and increase revenue by using PlanHub’s all-in-one platform.

“The Hispanic construction community plays a crucial role in the growth and success of our industry,” said Ro Bhatia, PlanHub CEO. “We’re proud to strengthen our partnership with NAHICA, connecting more deeply with this community, understanding their challenges, and providing the tools they need to succeed. We’re excited to meet everyone at this year’s ExpoContratista and explore how PlanHub can help save time and grow their businesses.”

PlanHub’s presence at ExpoContratista Atlanta 2024 is the latest chapter in the groundbreaking collaboration between the two organizations, aligned with the mutual goal of equipping Hispanic contractors with the tools and resources they need to thrive in the competitive construction landscape.

For more information about ExpoContratista Atlanta 2024, visit expocontratista.com.

About PlanHub:
PlanHub is the cloud software platform that empowers commercial construction professionals to expand their businesses by building their networks, optimizing workflows and streamlining collaboration. Our user-friendly tools assist contractors and suppliers throughout the preconstruction journey, including finding more projects to bid on, connecting with the right people to get the job done right and building better proposals to win more business. For more information, visit planhub.com.

About NAHICA:
The National Hispanic Contractors Association (NAHICA) is a leading organization dedicated to empowering Hispanic contractors and subcontractors in the construction industry. With a strong commitment to diversity and professional growth, NAHICA offers resources, networking opportunities, and advocacy to foster success within the Hispanic construction community. For more information, visit nahica.org.

For any media-related inquiries, please contact;
Jesel Silva,
jsilva@planhub.com
PlanHub
1-866-752-6482

Media Contact

Jesel Silva, PlanHub, 1-866-752-6482, jsilva@planhub.com, https://planhub.com/

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