What Has Been the Growth of the Network Access Control Market So Far?
The network access control market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the size of the network access control market in the past few years. It's projected to climb from $4.52 billion in 2024 to $5.8 billion in 2025, translating to a compound annual growth rate (CAGR) of 28.5%.
The surge in growth during the historical period can be linked to escalating cybersecurity risks, regulatory compliance obligations, the trend of bring your own device (BYOD), safeguarding against insider threats, as well as the rise in connectivity and complications in the network.
What Is the Forecasted Market Size and Growth Rate for The Network Access Control Market Size In The Coming Years?
The network access control market is expected to maintain its strong growth trajectory in upcoming years.
• It is anticipated that the network access control market will experience significant expansion in the coming years, with its value projected to reach $16.47 billion in 2029, growing at a compound annual growth rate (CAGR) of 29.8%.
This growth during the forecast period is expected to be driven by factors such as remote workforce management, the integration with zero trust architecture, advanced threat detection, and emphasis on cloud security. The future trends in this period will likely involve greater integration with identity and access management (IAM), the employment of network segmentation strategies, the usage of behavioural analytics in the NAC sector, collaborations with threat intelligence platforms, and the increased significance of remote NAC for those working from home.
What Factors Are Driving Growth In The Network Access Control Market?
The expansion of the network access control market is anticipated to be propelled by escalating concerns about privacy and security. These concerns encompass both the safeguarding of confidential data and the defense of data and systems against unauthorized access, exploitation, and breaches. Network access control offers a comprehensive platform for enforcing protocols, verifying individuals and gadgets, and scrutinizing network activity to halt unwarranted access and likely violations. For example, during fiscal year 2022-2023, the Department of Defence Australia, a government department in Australia, reported that the Australian Cyber Security Centre received over 94,000 cybercrime reports, reflecting a 23 percent leap from the preceding year 2021-22. Consequently, the surge in privacy and security worries is acting as a catalyst for the growth of the network access control market. Bolstering the growth of the network access control market going forward is the rising remote employment trend. Remote work implies working from one's own home or any other place instead of a traditional office setting. Network access control grants a complete view of the whole network, taking into account physical end-points as well as cloud storage domains. This is especially crucial in remote employment setups where employees might connect to the network from various locales. As per the Office for National Statistics, a governmental department based in the UK, in 2022, approximately 38% of working adults in Great Britain operated from their homes. This figure witnessed a rise, swelling to around 40% during the course of 2023. Hence, the burgeoning pattern of remote work is fuelling the growth of the network access control market.
What Are The Main Segments Of The Global Network Access Control Market?
The network access control market covered in this report is segmented –
1) By Component: Network Access Control Appliances, Network Access Control Software, Service
2) By Deployment Model: On-Premises, Cloud-Based
3) By Enterprise Size: Small And Mid-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Information Technology (IT) And Telecom, Banking Finance And Insurance (BFSI), Healthcare, Retail, Manufacturing, Government, Education, Other Industries
Subsegments:
1) By Network Access Control Appliances: Hardware Appliances, Integrated Appliances
2) By Network Access Control Software: On-Premises Software, Cloud-Based Software
3) By Service: Installation And Configuration Services, Maintenance And Support Services, Consulting Services
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How Are Emerging Trends Reshaping The Dynamics Of The Network Access Control Market?
Leading firms in the network access control sector are concentrating their efforts on developing innovative solutions like cloud-based network access control (NAC) to offer dependable customer services and enhance their market footprint. A cloud-based NAC is a form of network control mechanism that is rooted in the cloud, designed to enforce network access conduct guidelines. For example, in May 2023, Juniper Networks Inc., an American network security products supplier and software-defined networking technology firm, unveiled Juniper Mist Access Assurance. This service is a cloud-based NAC that allows enterprises to implement secure network authorization and validation without the complexities associated with on-site NAC systems. Access Assurance is engineered to give users a secure and reliable network connection experience. Through integrating NAC with network connectivity visibility and identifying discrepancies stemming from client configurations, network services, or NAC rules, we maintain a persistent appraisal of the end-user experience. Network administrators can now manage access and deliver a superior user experience to a shared cloud and AI engine with relative ease.
Who Are the Key Players In The Network Access Control Market?
Major companies operating in the network access control market report are:
• Cisco Systems Inc.
• SAP SE
• Hewlett Packard Enterprises Co.
• Vmware Inc.
• CommScope Inc.
• Juniper Networks Inc.
• Fortinet Inc.
• Venustech Group Inc.
• Avaya Inc.
• Belden Inc.
• Check Point Software Technologies Ltd.
• Extreme Networks Inc.
• Solarwinds Inc.
• Ivanti Software Inc.
• Advent International LP
• Trustwave Holdings Inc.
• OPSWAT Inc.
• Sophos Inc.
• Genians Inc.
• Beta Systems Software AG
• Portnox
• Nevis Networks Inc.
• InfoExpress Inc.
• IS Decisions
• CyberCyte Ltd.
• Nellsoft GmbH
What Is The Most Dominant Region In The Network Access Control Market?
North America was the largest region in the network access control market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the network access control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
