July 15, 2024
Network Access Control Market

Network Access Control Hardware Segment Is The Largest Segment Driving The Growth Of Network Access Control Market

The global Network Access Control Market is estimated to be valued at US$ 11002.11 Mn or 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 enterprises to control which devices are authenticated on the corporate network and regulates access to network resources based on a variety of criteria. It allows for continuous monitoring and assessment of devices attempting access and those already on the network.

Market key trends:

One of the key trends in the network access control market is the adoption of NAC solutions with zero-trust network access capabilities. Zero-trust network access provides secure access to internal applications from any device without the need for a virtual private network (VPN). It verifies the identity of the user and device before granting access and continues to monitor access permissions throughout the session. Zero-trust network access delivers a simple, secure access experience for remote and mobile employees while reducing the security risks of network perimeter access. The shift towards zero-trust practices will drive the demand for network access control solutions with integrated zero-trust network access functionality over the forecast period.

SWOT Analysis:

Strength: The network access control market offers advanced security solutions and strong authentication capabilities to enterprises. It provides multilayer access control and strengthens network security.

Weakness: High initial costs associated with the deployment and maintenance of network access control solutions can restraint their adoption, particularly among small businesses.

Opportunity: Growing demand for BYOD and IoT infrastructure from industries is opening new growth avenues for network access control vendors. Moreover, the increasing instances of cyberattacks are propelling the demand for advanced network security.

Threats: Availability of free and open-source network access control alternatives can threaten the demand for proprietary network access control systems. Rising instances of privacy breaches and data thefts pose security challenges.

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 need for robust network authentication and access control among organizations. Adoption of mobile devices and applications is driving the demand for secure network infrastructure.

North America dominates the global market, accounting for around 35% share in 2023. Wide presence of leading network access control vendors and increasing cybersecurity spending by organizations are strengthening the regional market. Asia Pacific projected to witness fastest growth during the forecast period, with China, Japan, and India emerging as lucrative markets. Rapid digitalization of industries and growing mobile workforce are fueling the demand.

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. Leading vendors focused on developing advanced NAC solutions integrated with AI capabilities for enhanced network visibility and security. Strategic collaborations and acquisitions remain key growth strategies by network access control providers.

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