May 23, 2024
Ict

Network Access Control Market is Anticipated to Witness High Growth Owing to Rising security threats

Network access control (NAC) is a framework for accessing and managing network endpoints, whether they are wired or wireless devices. Itauthenticates users and determines which devices are allowed on the network before granting access. NAC offers visibility into all network activity and controls which devices can access business applications and resources. The growing popularity of bring your own device (BYOD) trend and increasing security threats like phishing attacks, malware, and ransomware have accelerated the demand for NAC solutions to secure networks.

The Global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.

Key Takeaways
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.
There are significant opportunities in new vertical sectors like transportation, utilities, and education as more organizations adopt flexible working models. Network access control vendors are focusing on global expansion by strengthening their distribution networks across developing regions in Asia Pacific and Latin America.
Growing availability of subscription-based NAC-as-a-service or cloud-based NAC solutions is making these technologies more accessible to small and medium enterprises globally.

Market Drivers
Increasing adoption of BYOD and digital transformation initiatives across industries is a major factor driving the demand for advanced network access control solutions. NAC allows organizations to enforce granular security policies to safely integrate personal devices onto business networks.

Market Restraints
Lack of skilled security personnel and technical expertise required for complex NAC deployments is a major challenge faced by many organizations. Initial costs associated with NAC solutions, integration, and maintenance can also be prohibitive for smaller businesses. Interoperability issues when integrating NAC systems with other network devices and applications act as a restraining factor for widespread adoption.

Segment Analysis

The Network Access Control market is dominated by the hardware segment which comprises of network access control appliances. These dedicated network access control appliances offers complete network access control functionality and is mainly adopted by large enterprises with complex network requirements. The appliances provide robust security features like centralized management, user authentication, guest management, policy enforcement etc. which drives its adoption.

The software segment is the fastest growing segment in the Network Access Control market. Network access control software offers the same functionality as appliances but are offered as an add-on to existing network infrastructure or as standalone software. They provide flexibility in deployment and are more cost effective than appliances. Their flexibility to integrate with various networking platforms and the cost benefits is fuelling the growth of the software segment.

Global Analysis

The North America region dominates the global Network Access Control Market owing to stringent regulatory compliances related to data security and privacy. Organizations in the region are actively adopting network access solutions to secure access to their network and resources. The Asia Pacific region is expected to be the fastest growing region during the forecast period due to growing cyber attacks and increasing digitalization initiatives across industries in countries like China and India. There is rising awareness among enterprises about the importance of network security which is driving the adoption of network access control solutions in the region. Europe is also a major market bolstered by growing investments from organizations towards advanced network security solutions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it