According to a recently published Fact.MR report, the global Network Access Control market is projected to grow at a compound annual rate (CAGR) of 22% between 2022 and 2032. The market is expected to reach US$ 15.37 Bn by the end of 2032.
The demand for Network Access Control Market is expected to rise over the forecast period and the market is projected to gain a global market size worth of US$ 2.1 Bn by the end of 2022.
From 2017 to 2021, the network access control industry registered stellar uptake, registering a CAGR worth 19%. Prospects further heightened during the COVID-19 pandemic, as entities looking to leverage personal and corporate data for malicious purposes spawned tremendously. This was an outcome of increased amounts of time spent on the virtual landscape, in the wake of stringent lockdowns.
With the parade of technological advances, growth in new security solutions for data protection against malicious attacks is imminent and is likely to unfold on various fronts. Network access control (NAC) has come a long way and a cohort of leading companies has come up with solutions to further underpin its evolution over these many years.
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How do IoT and BYOD Lay Solid Foundations for the Market Growth?
Onboarding devices in the case of large enterprises have been a major issue and nullifying the same with the help of access management tools, such as network access control, has been gaining significant momentum. As the new-age employees try to interweave their routines into mobile devices, IoT and BYOD (bring your own devices) are creating new profit pools for the market players to dive in.
The combined proliferation of mobile technologies, Internet of Things (IoT) is BYOD culture is bringing in new growth avenues for the market, however, a number of security challenges with such devices have hard-pressed enterprises to invest in NAC solutions.
With the number of connected devices growing rapidly, endpoints involved in network access control have become highly mobile than ever. Being capable of integrating with third-party systems for device validation, in addition to device profiling, is increasingly important for network access control systems to define IoT devices.
Key Segments Covered in the Network Access Control Industry Survey
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The competitive landscape of the network access control market is shaped by product innovation and strategic mergers & acquisitions. Auconet Inc., Cisco Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout Technologies Inc., and Fortinet Inc. are some prominent manufacturers of network access control.
Key players in the Network Access Control Market
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Key Takeaways from the Market Study
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