Network Access Control (NAC) Market is likely to secure a CAGR of 27.8% through 2033
The use of network access control technology and solutions is anticipated to increase with a CAGR of 27.5% from 2022 to 2032, according to Future Market Insights’ (FMI’s) analysis of the network access control (NAC) market.
By the end of 2032, the market is predicted to be worth US$27,409.4 Mn, according to the analysis. According to FMI, the Bring Your Own Device (BYOD) trend’s widespread adoption by businesses has been the primary driver of demand in recent years. Solutions for network access control are created to safeguard endpoints, the network, and the IT infrastructure as a whole.
With growing adoption of enterprise mobility management (EMM) and mobile device management (MDM), there has been rapid increase in the no. of endpoints accessing enterprise networks. Hence, the NAC systems protect the user-owned devices for network vulnerabilities and separate them from corporate-owned devices securely. To defend their networks from this influx of unmanaged devices, organizations must keep existing network access control up to date or purchase network access control. Network access control solutions increase IoT device characterization, particularly in certain vertical markets.
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Key Takeaways
· By component, the network access control appliances segment is anticipated to account for the leading share in the global demand for network access control during the forecast period. However, network access control software segment is estimated to grow at a robust CAGR of 29.9% through 2032.
· Among the enterprise size, SMEs segment is estimated to grow by 28.8% CAGR during the forecast period.
· By Industry, the IT and telecom segment is anticipated to increase at highest CAGR of 31.1% between 2022 & 2032.
· North America region is dominating network access control market followed by Europe region in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
· The market in U.S. is expected to progress at a CAGR of around 25.0% through 2032.
· In China, the network access control market is expected to grow by 10.8X during the forecast period.
“Cybersecurity has become one of the major concerns faced by organizations today. Network access control solution providers are developing unified solutions that will help large enterprises and SMEs to secure their critical data from various cyber threats such as malware attacks, phishing attacks, ransomwares and other threat vectors” says FMI analyst.
Shortage of Skilled Security Professionals a Big Challenge
Organizations are finding it difficult to keep up with cybersecurity threats due to a significant scarcity of experienced professional security professionals. To overcome these resource restrictions, businesses require stronger security tools and automated processes. While a business or major corporation may have the means to put up an expert security team, they will most likely be forced to execute a variety of other IT tasks. Many functions can be offloaded and their burden can be automated using next-generation network access control.
To offer critical tools for security monitoring, such efficient network access controls are being created. In order to serve large corporations and SMEs, NAC solution providers collaborate with managed security services providers (MSSPs), to broaden their capabilities.
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More Valuable Insights on Network Access Control (NAC) Market
Future Market Insight’s report on the network access control market research is segmented into four major sections – component (network access control appliances, network access control software (cloud-based and on-premises), services (professional service (professional services (consulting service, support & maintenance, and installation and deployment) and managed services)), enterprise size (small and mid-sized enterprises (SMEs) and large enterprises)), industry (IT & telecom, BFSI, healthcare, retail, manufacturing, government, education, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the network access control demand outlook.
Network Access Control Outlook By Category
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client
Mar 06, 2023
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