The network access control market focuses on providing secure network access to users and devices to prevent unauthorized system access. NAC solutions allow network administrators to identify devices connecting to the network and take actions based on their authorization level. The technology performs device profiling, identifies rogue devices, monitors device compliance, and restricts access of non-compliant devices. NAC solutions find extensive application in verticals such as banking, financial services & insurance, healthcare and government organizations that deal with highly sensitive data and are vulnerable to cyberattacks. The increasing instances of data breaches due to unauthorized access have raised the need for network access control systems across industries for ensuring cybersecurity.
Key Takeaways
Key players operating in the network access control market are Cisco, SAP Access Control, Sophos, Fortinet, Huawei, Extreme Networks, Check Point Software Technology, Microsoft Corporation, Hewlett Packard Enterprises (HPE), Juniper Networks, Inc., IBM Corporation, Broadcom, Inc., ManageEngine, VMware, Forescout Technologies, and Aruba ClearPass.
The growing adoption of IoT devices has opened new gateways for cyberattacks, driving opportunities for NAC providers to develop IoT-specific solutions. Additionally, the increasing deployment of cloud-based NAC systems allows companies to control network access remotely and seamlessly.
The increasing instances of data breaches have compelled regulatory bodies worldwide to introduce stricter data protection laws. This is encouraging global expansion of network access control solution providers to ensure compliance.
Market Drivers
The rising instances of cybercrimes across various industry verticals have significantly increased the need for advanced Network Access Control (NAC) Market Demand. As organizations store and process highly sensitive data online, the demand for technologies like NAC has surged to prevent unauthorized network access and data breaches. Additionally, the growth of trends like digital transformation and work from home has expanded the network perimeter, driving the need for centralized network access governance through NAC systems. This is a major factor catalyzing the growth of the network access control market.
PEST Analysis
Political: Network access control market is regulated by cyber security and data privacy laws across countries. Regulations around authentication and authorization of users accessing networks are impacting decisions.
Economic: Global economic growth is driving demand for securing networks of enterprises. Investments in network infrastructure by businesses and rising spend on IT security is fueling market growth.
Social: Increasing instances of security breaches and data theft is raising awareness about controlling and monitoring network access. Users’ demand for simplified access to networks from any device is a key trend.
Technological: Adoption of wireless technologies, mobility, cloud and Internet of Things is challenging existing access control methods. Vendors are focusing on solutions ensuring visibility and control across heterogeneous network environments through automation and AI capabilities.
Geographical Regions with High Concentration
North America holds the largest market share currently due to stringent regulatory norms and increasing cyber-attacks. Early adoption of advanced technologies by organizations in the US and Canada is supporting regional growth. Asia Pacific is projected to be the fastest growing market with nations like China, Japan and India emerging as new hotspots of digitalization.
Fastest Growing Region
Asia Pacific region is slated to witness the highest CAGR during the forecast period. This can be attributed to ongoing digital transformation initiatives, rising wireless connectivity and mushrooming of startups in the region. Growing awareness about security threats is compelling APAC enterprises to invest substantially in advanced access control and monitoring solutions.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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