The Network Access Control Market is estimated to be valued at US$ 11002.11 Mn or US$ 11 billion in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Network Access Control allows organizations to centrally manage and enforce access policies for wired and wireless devices connecting to their networks. It authenticates users and devices, applies authorization policies, enforces endpoint compliance and protects against threats. The technology evaluates devices attempting to access the network, checks that antivirus and firewall software are functioning properly, ensures device patches are updated with the latest fixes and enforces other compliance checks before allowing or denying access. This improves network security and visibility.
Market Dynamics:
The growth of the Network Access Control Market is driven by increasing need for strong access controls and security measures as organizations permit BYOD and remote/hybrid work policies. As corporate networks are exposed to threats from unmanaged personal devices, NAC helps mitigate risks by continuously monitoring device security status and enforcing real-time compliance. Additionally, rising security breaches involving unauthorized access are prompting businesses to deploy NAC solutions for tightly controlling user and device access. However, high initial costs and the need for skilled professionals for implementation and management of NAC solutions could hinder the market growth.
Segment Analysis
The global Network Access Control market is dominated by the on-premise segment which holds around 65% of the total market share. With the increasing cyber security threats and rising demand for secured networking, enterprises are opting for on-premise Network Access Control solutions which give the organizations complete control over all the operations. The on-premise segment provides enhanced security, seamless integration capabilities and scalability which makes it a preferred choice over cloud-based NAC solutions.
PEST Analysis
Political: Data protection laws and compliance regulations are becoming stricter across regions which is driving increased adoption of Network Access Control solutions for securing network access and user credentials.
Economic: The global economic growth is resulting in rising IT budgets of enterprises which is positively impacting the Network Access Control market.
Social: With the rise in cyber crimes and bring your own device culture, there is an increased focus on security of corporate network resources which is boosting demand for Network Access Control.
Technological: Emerging technologies like IoT, mobility and cloud computing are enabling anytime-anywhere access to resources which is accentuating the need for advanced access control and security of networks.
Key Takeaways
Global Network Access Control Market Size is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing digital transformation initiatives across industry verticals. The North America region is expected to dominate the NAC market during the forecast period due to stringent regulatory policies and early adoption of advanced security solutions in the region. Key players operating in the Network Access Control market are Auconet, Inc., Avaya, Inc., Bradford Networks, Cisco Systems, Inc., Extreme Networks, Inc., Forescout Technologies, Inc., Hewlett Packard Enterprise Development LP, Impulse Point, Key Innovator, Portnox, and Pulse Secure, LLC. The market is moderately consolidated with major players occupying a significant share.
The global Network Access Control market size was valued at US$ 11002.11 Mn in 2023 and is anticipated to reach around US$ 19722.3 Mn by 2030. North America dominated the regional segment of the NAC market in 2023 with around 35% share owing to stringent data protection regulations and rising trend of BYOD in enterprises across U.S. and Canada.
Key players operating in the Network Access Control market are focusing on geographic and capacity expansions to tap growth opportunities in emerging markets. For instance, in 2022, Avaya, Inc. launched new SD-WAN and network security offerings to expand its presence in Asia Pacific region. Similarly, Cisco Systems, Inc. acquired Portshift to enhance its Zero Trust Security portfolio with advanced CIAM capabilities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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