The global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn or Bn 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 network administrators to control user access to the network and identify threats automatically. It involves authentication of devices & users and enforcing compliance checks to secure the network from unmanaged and unsafe devices.
Market key trends:
The increase adoption of bring your own device (BYOD) is one of the major trends fueling the network access control market growth. More organizations are embracing the BYOD policy that allows employees to use their personal devices including smartphones, laptops, and tablets for accessing business applications and data while on the move. However, BYOD introduces security risks as personal devices often lack advanced security protection compared to organization-issued devices. Network access control solutions help secure the devices and only grant network access to devices that meet the organizational security policy standards. This drives the demand for network access control solutions across organizations.
SWOT Analysis
Strength: Network access control provides centralized security and policy management. It allows enforcing security policies before granting network access.
Weakness: Initial investment in deploying network access control infrastructure can be high. Managing user access policies can become complex in large deployments.
Opportunity: Increasing demand for securing both enterprise and guest access across different network environments like Wi-Fi, wired, and VPN. Growing usage of personal devices in offices also drives the need for network access control.
Threats: Open-source and free network access solutions can limit the growth potential for commercial vendors. Lack of IT skills and technical complexities pose deployment challenges.
Key Takeaways
The global Network Access Control market is expected to witness high growth, exhibiting a CAGR of 8.2% over the forecast period, due to increasing digital transformation initiatives across industries. Various organizations are adopting network access control to strengthen network security as part of their digital transformation journeys.
Regional analysis
North America is expected to dominate the global network access control market, owing to stringent regulatory standards and early adoption of security solutions. Asia Pacific is anticipated to grow at the fastest pace during the forecast period due to growing cybersecurity spending in major countries like China and India. Countries in the region are increasingly focusing on deploying advanced network access solutions to secure their critical infrastructure and stop external cyber threats.
Key players
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 witnessing increasing investments by these leading players in enhancing their network access control product portfolios through partnerships and acquisitions.
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