Network Access Control (NAC) Market Expected to Reach Total Valuation of US$ 27.4 Bn by 2032

According to the network access control (NAC) market analysis by Future Market Insights (FMI), the adoption of network access control technology and solutions is estimated to grow with a CAGR of 27.5% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 27,409.4 Mn by the end of 2032. As per FMI, the proliferation of Bring Your Own Device (BYOD) trend across the 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.

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.

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.

About Electronics, Semiconductor and ICT Division at Future Market Insights

Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.