Network access control market

Network Access Control Market, By Type (Hardware, Software, and Services), By Deployment Type (On-Premises and Cloud), By End-use Industry (Banking and Financial Services, Healthcare & Life Sciences, Government, Education, IT & Telecom, and Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI4017
150 Pages
Excel & Pdf
Information and Communication Technology

Summary

Network access control (NAC) is an advanced security solution that provides security against unauthorized endpoint devices including laptops, smartphones, printers, and others. Network access control (NAC) protects private networks from malicious software (malware) and secures network vulnerabilities. Furthermore, network access control recognizes users with their devices and their role in the network. Moreover, to increase network security and efficiency it can be integrated with the existing security platforms.

The global network access control market is expected to witness significant growth during the forecast period (2022–2030). The growth of the network access control market is majorly attributed to a wide number of advantages offered by network access control to users. For instance, in NAC, the end user requires multi-factor authentication which is a far more secure method than identifying users with IP or username and password combination method.

The major factor restraining the growth of the global network access control market is the high cost of implementation. Enterprises are adopting NAC solutions due to their benefits, however, implementation of NAC solutions is time and money-consuming. For instance, according to Coherent Market Insights analysis, NAC solutions cost around US$ 10,000 - 1000,000 depending on the requirement and company size (number of end-user devices). Additionally, the company needs to provide supporting infrastructures such as an IT department, network administration & security, and others. All these factors require time and money.

The global network access control market was valued at US$ 9,397.7 Mn in 2021.

Recent Developments:

In May 2021, Cisco Systems Inc. a digital communications technology corporation introduced SASE architecture, which offers total protection from the endpoint to the cloud. It assists the connection of users to applications in Network Operations (NetOps) and Security Operations (SecOps) teams also it manages new and emerging threats while enhancing SecureX's (cloud-native platform) performance.

Restraint:

High cost of implementation is expected to restrain growth of the global personal and entry level storage (PELS) market during the forecast period

Network access control Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 9,397.7 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	8.2 %	2030 Value Projection:	US$ 19,222.6 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Type: Hardware, Software, and Services By Deployment Type: On-Premises and Cloud By End-use Industry: Banking and Financial Services, Healthcare & Life Sciences, Government, Education, IT & Telecom, and Other
Companies covered:	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.
Growth Drivers:	A wide number of advantages are offered by network access control solutions to users Implementation of IoT devices such as CCTVs, printers, and others in the organization
Restraints & Challenges:	High cost of implementation is expected to restrain the growth of the global network access control market during the forecast period

Global Network access control Market - Impact of Coronavirus (Covid-19) Pandemic:

According to the International Monetary Fund Analysis, the global economy is highly impacted. As Companies across the globe were struggling to sustain their businesses. So, Companies started providing work-from-home options to employees. However, Network access control helps companies implement policies for controlling devices and user access to their networks. Network access control helps set policies for the role, device, resource, and location-based access and enforce security compliance. Hence, the remote working trend has grown the demand for Network access control solutions during pandemic. This has helped the companies to increase its network efficiency with low up gradation cost hence, the global network access control market witnessed high growth during the pandemic.

North America held a dominant position in the global network access control market in 2021

Statistics:

North America region dominated the global network access control market in 2021, accounting for a 43.7% share in terms of value, followed by Europe, Asia Pacific respectively

Figure 1: Global Network Access Control Market Share (%), By Region, 2021

North America held dominant position in the global network access control market in 2021 and is projected to retain its dominance throughout the forecast period, owing to a large number of market key players in the market such as Cisco Systems Inc, ForeScout Technologies Inc., Trustwave Holdings Inc., Bradford Network Inc., Pulse Secure LLC, and others. Furthermore, North America has also witnessed growth in the data center market which is expected to drive growth of the network access control market during the forecast period. For instance, in March 2021, Cyxtera Technologies, a U.S. based Technology Company, announced expansion of its data center facility in the Silicon Valley, Phoenix, Atlanta, New York Metro and Toronto, to provide better service and increase the company’s market presence in the North America region.

Figure 2: Global Network Access Control Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global network access control market was valued at US$ 9,397.7 Mn in 2021 and is expected to reach US$ 19,222.6 Mn by 2030, growing at a CAGR of 8.2% between 2022 and 2030.

Major players operating in the global network access control market 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.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Network Access Control Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of the global network access control market in 2030?

The global network access control market is expected to reach US$ 19,222.6 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 8.2% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

The increasing number of IoT devices is expected to drive growth of the network access control market during the forecast period.

Based on end-use industry, which segment held the largest market share in the market in 2021?

The Banking and Financial Services segment held the largest market share among end-use industry in 2021.

Which region held the largest market share in the market in 2021?

North America held the largest share in the market in 2021.

Who are the key players operating in the market?

Key players operating in the market 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