Overview and Scope
Network Access Control (NAC) is a computer networking solution that establishes security policies for devices accessing a network. It ensures that only compliant and authorized devices can connect and defines what they can do on the web. NAC allows network operators to enforce these policies across network devices.
Sizing and Forecast
The network access control market size has grown exponentially in recent years. It will grow from $3.49 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to rising cybersecurity threats, regulatory compliance requirements, bring your own device (byod) trends, protection against insider threats, increasing connectivity and network complexity..
The network access control market size is expected to see exponential growth in the next few years. It will grow to $12.6 billion in 2028 at a compound annual growth rate (CAGR) of 29.2%. The growth in the forecast period can be attributed to remote workforce management, integration with zero trust architecture, advanced threat detection, focus on cloud security.. Major trends in the forecast period include integration with identity and access management (iam), application of network segmentation strategies, use of behavioral analytics in nac, collaboration with threat intelligence platforms, growing importance of remote nac for telecommuting..
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Segmentation & Regional Insights
The network access control market covered in this report is segmented –
1) By Component: Network Access Control Appliances, Network Access Control Software, Service
2) By Deployment Model: On-Premises, Cloud-Based
3) By Enterprise Size: Small And Mid-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Information Technology (IT) And Telecom, Banking Finance And Insurance (BFSI), Healthcare, Retail, Manufacturing, Government, Education, Other Industries
North America was the largest region in the network access control market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growth in privacy and security concerns is expected to propel the growth of the network access control market going forward. Privacy and security concerns include both the protection of sensitive information and the protection of data and systems from unwanted access, exploitation, or breaches. Network access control provides a complete framework for enforcing regulations, authenticating people and devices, and monitoring network activity to prevent unwanted access and possible violations. For Instance, in May 2022, according to a report published by HISCOX, a Bermuda-based insurance company, the average cyber security spending per company is up 60% in 2021 to $5.3 million. Further, the overall frequency of cyber-attacks grew by 12% yearly, with 48% of organizations reporting a cyber assault in the past 12 months, up from 43% in 2021. Therefore, the growth in privacy and security concerns will drive the network access control market.
Key Industry Players
Major companies operating in the network access control market report are Cisco Systems Inc., SAP SE, Hewlett Packard Enterprises Co., Vmware Inc., CommScope Inc., Juniper Networks Inc., Fortinet Inc., Venustech Group Inc., Avaya Inc., Belden Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Solarwinds Inc., Ivanti Software Inc., Advent International LP, Trustwave Holdings Inc., OPSWAT Inc., Sophos Inc., Genians Inc., Beta Systems Software AG, Portnox, Nevis Networks Inc., InfoExpress Inc., IS Decisions, CyberCyte Ltd., Nellsoft GmbH
The network access control market report table of contents includes:
1. Executive Summary
2. Network Access Control Market Characteristics
3. Network Access Control Market Trends And Strategies
4. Network Access Control Market – Macro Economic Scenario
5. Global Network Access Control Market Size and Growth
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32. Global Network Access Control Market Competitive Benchmarking
33. Global Network Access Control Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Network Access Control Market
35. Network Access Control Market Future Outlook and Potential Analysis
36. Appendix
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