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.
In 2021, the network access control (NAC) market will generate US$ 1.9 billion in revenue. The network access control market is expected to be worth US$ 27.4 billion by 2032, with a CAGR of 27.5% from 2022 to 2032. The network access control market accounted for approximately 13% of the total global network security market.
The report states that the market is expected to reach a valuation of ~US$ 27,409.4 Million by the end of 2032. As per FMI, the proliferation of Bring Your Own Device (BYOD) trend across enterprises is ultimately propelling the demand in recent years. Network access control solutions are designed to protect network, endpoints and enforces unified network security policy across the IT infrastructure.
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.
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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.
Key Takeaways
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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jun 08, 2023