Network Access Control Market to Reach US$ 15.59 Billion by 2027 - Coherent Market Insights

The global network access control market was valued at US$ 8.32 Billion in 2019 and is expected to surpass US$ 15.59 Billion by 2027, registering a CAGR of 8.2% during the forecast period (2020-2027). According to the Global Network Access Control Market Report, 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), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.

Network access control is a solution which enables organizations to implement security policies by controlling the device’s access to the corporate network infrastructure. The end use devices include computers, smartphone and IoT devices such as CCTV, web cameras, smart lightning system, and others. Based on the policy, company may evaluate the device even after allowing the device into the network which is known as Post-admission network access control, which enables device’s lateral movement into the network.

Furthermore, increasing adoption of IoT devices such as CCTVs, printers, and others in organizations is expected to drive the global network access control market growth during the forecast period. In the recent past, there has been rapid technological growth across the globe, due to adoption AI, VR, IoT technology. The increasing penetration of IoT devices poses significant threat to the company’s network infrastructure as they can provide easy access to the network as these devices equipped with low level of security. To protect the network from the threat of unauthorized devices, many companies are also including a separate segment for IoT devices in their NAC solution. For instance, Extreme Networks, a U.S. based company, offers Extreme defender for IoT devices which will secure the IoT devices when they connected to the network.

Global Network Access Control Market: Impact of Coronavirus (Covid-19) Pandemic:

Governments in several countries across the globe such as India, Spain, and Italy have imposed nationwide lockdown to prevent the spread of COVID-19. In countries under lockdown, people are spending more time at home. Furthermore, many companies are providing work-from-home option to employees to reduce the spread of virus. Thus, to secure end user devices many companies are upgrading their existing on-premise NAC solution to cloud technology network access control solution. This is expected to help the company increase its network efficiency with low up gradation cost.

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https://www.coherentmarketinsights.com/market-insight/network-access-control-market-4017

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Key Trends and Analysis of the Global Network Access Control Market:

• Asia Pacific is expected to witness significant growth during the forecast period owing to the increasing adoption of IoT devices in the APAC market during the forecast period. In March 2020, according to the United Nations Population Fund, the APAC region accounted for around 60% of the global population. Countries such as India and China are some of the biggest consumer electronics markets in the world. As a result, many consumer electronics devices and IoT devices are launched in these countries. According to Coherent Market Insights' analysis, the APAC IoT devices market is expected to register 29.6% CAGR during the forecast period 2020-27.
• Among type, the hardware segment is expected to witness significant growth during the forecast period owing to the development of new hardware technology such as Wi-Fi 6 technology. Wi-Fi 6 technology improves the network security by providing Wi-Fi routers with Wi-Fi Protected Access 3 (WPA 3) solution, which is the improved version of Wi-Fi Protected Access 2. The increasing demand of Wi-Fi 6 hardware equipped with WPA 3 protocol is expected to favor demand for hardware in the NAC market.
• 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.