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Network Access Control (NAC) has emerged as a key solution to enhance access security across enterprise networks in the era of hyperconnectivity and burgeoning Internet of Things (IoT) adoption. NAC enables network administrators to gain visibility and control over devices accessing corporate networks and resources via monitoring, protecting and remediating vulnerabilities. Concerns around BYOD, mobility and proliferation of IoT devices have propelled the demand for robust access control solutions such as NAC.
NAC solutions allow identification of devices, classifying them based on security posture, applying security policies and granting differential network access rights accordingly. With smartphones, laptops and IoT devices connecting to enterprise Wi-Fi networks, NAC ensures that any unpatched and risky devices are isolated, while authenticated compliant devices can securely access resources.
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 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.
Growing demand for centralized access management across BYOD, IoT and mobility enabled enterprises is driving increased NAC adoption. NAC automates device profiling and policy enforcement to secure Bring Your Own Device (BYOD) adoption. With rising mobile workforce trends, NAC ensures that only authorized and compliant personal or corporate owned devices can access internal applications.
Global enterprise mobility trends and rapid Internet of Things (IoT) deployments are further fueling the expansion of the NAC market beyond North America. As IoT connected devices penetrate various industry verticals, the need for device visibility, automated access control and threat containment is growing significantly. Vendors are focusing on developing customized NAC solutions for different verticals to tap new growth opportunities.
Market Key Trends
Integration of NAC with SIEM and other security controls is a key trend witnessed in the market. NAC vendors are integrating their solutions with security information and event management (SIEM) solutions to offer extended detection and threat remediation capabilities. This enhances visibility across the extended network and enables response to detected anomalies and threats in real-time. Combined NAC-SIEM solutions automate threat containment by blocking malicious devices from accessing internal infrastructure. With growing security breaches, enterprises are adopting integrated platforms for centralized access and threat management.
Porter’s Analysis
Threat of new entrants: New players find it challenging to enter this market as it requires high initial investment and established players have strong brand loyalty.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established vendors providing NAC solutions.
Bargaining power of suppliers: A few large component suppliers exist, so suppliers have moderate bargaining power.
Threat of new substitutes: Substitutes like unified threat management don’t provide the same level of access control, so threat from substitutes is low.
Competitive rivalry: Being a technology driven market, competition is high amongst vendors to offer advanced solutions driving down prices.
Geographical Regions
North America accounted for the largest share of the network access control market in terms of value in 2023, followed by Europe and Asia Pacific. This is attributed to early adoption of network security solutions and presence of many key players in these regions.
The Network Access Control Market Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. This is due to rapid digital transformation initiatives, growing BYOD trend, and rising cyber threats in countries like China, India. Furthermore, development of digital infrastructure and measures to curb data breaches will drive the demand for NAC solutions in Asia Pacific.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
