June 25, 2024
Ict

The global Network Access Control Market Growth Accelerated by Increased Adoption of BYOD across Industries

Network access control (NAC) solutions help manage and control access to multiple devices, applications, and access methods in an organization’s network. They provide visibility, control access, and protect networks from security threats. With the advent of Bring Your Own Device (BYOD) policies across various industries, the need for secure access control for corporate and personal devices has increased significantly. NAC solutions seamlessly integrate with existing devices, applications, infrastructure, and policies to authenticate users and devices, assess posture, apply security policies, remediate non-compliance, and provide secure access on the network.

The global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn 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 key trends:

The growing adoption of BYOD policies across industries is a key trend driving the network access control market growth. Many organizations allow employees to use personal devices like smartphones, laptops, and tablets for accessing business applications and services in order to improve workforce productivity and flexibility. However, it poses security challenges as corporate networks are exposed to threats from unmanaged personal devices. NAC solutions enable secure access to corporate resources on any BYOD device by facilitating comprehensive device authentication, authorization, and posture checking on the network perimeter. They provide granular visibility and policy-based access control based on the identity and health status of the connecting device. This significantly reduces security risks for organizations embracing the BYOD model.

Segment Analysis

The global network access control market is segmented by component, deployment type, organization size, vertical, and geography. The component segment is further divided into solutions and services. Solutions dominated the segment in 2021 with a market share of over 60%. This is mainly because enterprises are increasingly adopting network access control solutions to improve network security and visibility.

Key Takeaways

The global Network Access Control Market is expected to witness high growth over the forecast period. Deployment of network access control solutions is increasing across various industries to protect networks from unauthorized users and enhance security. The global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.

Regional analysis

North America dominated the global network access control market in 2021 and is expected to continue its dominance during the forecast period. This is attributed to increasing cyber threats, stringent data protection regulations, and rapid adoption of advanced network security solutions across industries in the region. Moreover, presence of leading network access control vendors is driving market growth. Asia Pacific is expected to witness the fastest growth during the forecast period owing to rapid digitalization, growing BYOD trend, and rising cybersecurity spending in countries such as China, India, and Japan.

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. Cisco holds the leading position in the market as it offers a comprehensive portfolio of NAC solutions such as Network Admission Control and Cloud-Enabled Network Access Control. Forescout Technologies is another prominent player focusing on partnerships and product innovation.

*Note:

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