The rising demand for NAC is predicted to boost NAC market growth over the forecast period. Companies are now using NAC as a solution to combat cyber attack and data theft. The need for developing safe and secure network infrastructure has triggered the demand for these products. The Bring Your Own Device (BYOD) trend is escalating the demand for NAC solutions. Improved effectiveness along with increased ease of deployment and reduced system complexity has further led to the expansion. Large-scale adoption of Internet-of-Things (IoT) and Machine to Machine (M2M) networks have contributed significantly in maintaining its position in market. It capable of effectively addressing the changing enterprise network and regulatory scenario. Improvements in Network Access Control platforms, technological proliferation, remediation, and endpoint visibility along with configuration assessment have led to market expansion of NAC solution and it is being. incorporated into security platforms to improve the efficacy of NAC and perimeter network defenses.
The global network access control market size is predicted to reach over USD 1.6 billion in 2020, and projected to grow significantly with a CAGR of 24% over the forecast period. This can be ascribed to the rising energy demand coupled with the depletion of natural energy resources. It offers new opportunities for key players operating in the global NAC market. Besides, the use of blockchain and artificial intelligence in solar energy are the latest NAC market trends.
However, high investment cost is hampering the market growth. Furthermore, increasing privacy and security concerns and significant shift of organizations from primary to next-generation nac technologies is likely to provide lucrative development opportunities for the NAC market in the forthcoming years.
Network Access Control Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.6 billion|
|Growth Rate||CAGR of 24% during 2021-2028|
|Segment Covered||Component, Deployment, Organization Size, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, and MEA|
|Key Players Profiled||Auconet Inc., Cisco Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout Technologies Inc., Fortinet Inc., Genians Inc., Hewlett Packard Enterprises (HPE), InfoExpress, IS Decisions, Juniper Networks Inc., Macmon Secure GmbH, OPSWAT, Portnox.|
Key Segments of the Global NAC market
Component Overview, 2021-2028 (USD Million)Key Segments of the Global NAC market
Deployment Overview, 2021-2028 (USD Million)
Organization Size Overview, 2021-2028 (USD Million)
- Large Enterprises
Application Overview, 2021-2028 (USD Million)
- IT & Telecom
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- Australia & New Zealand
- South Korea
- Southeast Asia
- Middle East and Africa (MEA)
- South Africa
- Saudi Arab
- South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global NAC market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global NAC market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the NAC market industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Component, Deployments, Organization Size and Application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global NAC market market. The report will benefit Every stakeholder involved in the NAC market.
- Managers within the NAC market industry looking to publish recent and forecasted statistics about the global NAC market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global NAC market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies
Frequently Asked Questions (FAQ) :
NAC software is widely used in BFSI and government sectors. Increased focus on web-based business services in these sectors is anticipated to impel growth in coming years. Government agencies have strict security requirements, and they often invest in Network Access Control solutions to filter unauthorized networks, device connections, and users. These solutions help in ensuring business continuity and managing security risks and threats. Regulatory compliance requirements such as Control Objectives for Information and Related Technology (COBIT) and Payment Card Industry Data Security Standard (PCI DSS) are pushing enterprises to adopt the network access control solutions.
IT enterprises, financial institutions and other SMBs units have accentuated risk management efforts and endpoint intelligence. It has subsequently fueled the demand for Network Access Control products and has led to market augmentation. However, lack of scalability among the products is hampering the growth.
The key driving factors of network access control market are increasing malware attacks in enterprise network and raising adoption of data protection solutions. The others factors affecting growth of network access control market are emerging technologies such as internet of things, machine- to-machine networks, bring your own device, cloud-based services and increase in web-based applications.
However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
In terms of the component, the market is categorized into software, hardware, and services. The Software segment is dominating the NAC market during the forecast period. The growth in this segment is driven by the technological advancements.
In terms of deployment, the market is categorized cloud-based and on-premise. The cloud segment is predicted to achieve the largest growth during the forecast years 2021-2028. The cloud computing seized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years.
Organization Size Segment
Based on the organization size, the market is segmented into large enterprises and small and medium enterprises. The SMEs is expected to show a significant growth rate through 2027 owing to the digitization in the SME segment. The SMEs are deploying various advanced networks and wireless technologies such as IoT, cloud, and AI.
Based on the application, the market is segmented into IT & Telecom, BFSI, healthcare, retail, manufacturing, government, education, and others. The BFSI sector is expected to gain thrust in the upcoming forecasted period as there is increase in need for carrying out secure transactions.
The North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the NAC market in this region is mostly ascribed to the resolving network security challenges by providing comprehensive software and hardware solutions to customers has bolstered the growth in the region. However, the Asia Pacific region is likely due to the high adoption of mobile, social, and cloud technologies has contributed significantly to the growth in the region that account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the large number of growing ecenomies.
The major players of the global NAC market are Auconet Inc., Cisco Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout Technologies Inc., Fortinet Inc., Genians Inc., Hewlett Packard Enterprises (HPE), InfoExpress, IS Decisions, Juniper Networks Inc., Macmon Secure GmbH, OPSWAT, Inc., Portnox. Renowned companies are offering new and modern NACComponents. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic NAC solutions to remain competitive in the global market.