Network Access Control (NAC) Market Forecast to Grow at CAGR of 27.89% During 2020-2025

Network Access Control (NAC) Market is forecast to reach $4.06 billion by 2025, after growing at a CAGR of 27.89% during 2020-2025. Network security software solutions include firewall, antivirus/antimalware, NAC, Data Loss Prevention (DLP), Intrusion Detection System/Intrusion Prevention System (IDS/IPS), secure web gateways and many others. In the recent years, NAC solution is expected to rise by changing the network security software market space. In addition to this, deployment of NAC services also enables enterprise to access the network nodes securely by denying the noncompliant devices. Also, higher level of security is provided by addition of biometric reader to the access control system. Thereby, the growing security concerns on from networked devices is set to drive the NAC market during 2020-2025

 

• North America dominates the Network Access Control Market owing to increasing demand from end users such as BFSI, Healthcare and others. 
• With the growing adoption of Safe and protected transaction, the implementation of NAC solutions has been increased.
• Implementation of NAC solutions for IT and digitalization projects across various industry verticals will increase the market demand for NAC Market in the nearby future.
• Deployment of NAC Solution for large number of ports is difficult which may hinder the growth of NAC market during the given forecast period.

 

The software segment has been increasing enormously due to recent developments by the companies such as Cisco, IBM and Others. For instance, in June 2019, Cisco launched Artificial Intelligence (AI) Network Analytics that will enable Information Technology (IT) teams to function at machine speed and scale through personalized network insights.

NAC software is majorly deployed in BFSI and government sectors for regulatory compliance applications such as Payment Card Industry Data Security Standard (PCI DSS), Control Objectives for Information and Related Technology (COBIT) and so on.. Thus, the rising adoption of regulatory compliance has been continuously leveraging the deployment of NAC Solutions across various organizations. Also, the Growing emphasis of Web-based services in the government sectors is expected to provide large opportunities for the NAC solutions due to its deployment in government cybersecurity and others which is set to drive the market during 2020-2025.

 

On the basis of end-use, the NAC solutions market has been segmented into the government, BFSI, manufacturing, healthcare, telecommunications, IT and others.

BFSI sector has been the primary market for Network Access Control Market for many years. With the rising safety concern in the banking sectors, most of them are looking for the network access solutions to carry out various operations such as transactions, internal monitoring and others. Also, the growing R&D investments in software network access solutions will boost the market for Network Access Control Market in BFSI sector in the coming years. With the increasing needs for safe and protected transaction, the banking system has impelled the use of network security solutions. The NAC tools verify security configuration of devices before granting access to a network. With the implementation of the NAC solutions the user will be forced for authentication, prior to granting actual access to the network. There by these solutions are majorly deployed for carrying out protected transaction.The innovative NAC solutions and products are been deployed across various industry verticals, due to the emerging cloud-based services, next generation of NAC solutions, emerging security based on complete endpoint visibility, and increasing Bring Your Own Device (BYOD) trend which will boost the NAC market during the given forecast period 2020-2025. 

 

North America dominated the Network Access Control Market with a major share followed by APAC and Europe in 2018. North America houses the major players of the NAC market such as Cisco Systems Inc, ForeScout Technologies Inc, Trustwave Holdings Inc, Bradford Network Inc, Pulse Secure LLC and others.

Cisco has partnered with experts in the anti-virus, patch management, and personal firewall fields to extend the NAC solution to address all areas of concern which will further boost the NAC market in the North American region and other regions as well Additionally, the existing datacenter facilities in North America are also witnessing expansions, which will approximately increase the usage of Network Access control Solutions and boost the market. For instance, in March 2019 Cyxtera has, announced the expansion of its datacenters in Phoenix, Silicon Valley, New York, Metro Atlanta, and Toronto, which will set to boost the NAC solution during the given forecast period.

 

• Continuous development of hardware and software NAC Solutions 

NAC uses the network infrastructure to enforce security policy compliance on all devices seeking to access network computing resources; this results the limited damage from emerging security threats such as viruses, worms, and spyware. There by, the continuous development of hardware and software NAC solutions will further boost the NAC market during 2020-2025. 

• Rapid increase in Cyber Attack

Cyber Security industry is growing every day due to rapid increase in cyber-attacks. For instance, 100,000 groups in approximately 150 countries and more than 400,000 machines were infected by the Wannacry virus in 2017, which accounted to losses of around $4 billion. In 2017, cybercrime costs accelerated with organizations spending nearly 23 percent more than 2016 — on average about $11.7 million. There by companies such as Cisco and others has been launching advance network access solutions for the security of data centers. The shift increase in the cyber-attacks and increasing investments towards preventive solutions is set to boost the NAC market from 2020 to 2025. 

 

• High cost for the successful implementation of NAC

NAC Solution faces monetary challenges due to high installation and implementation cost. For instance, network access control implementation cost from $100,000 to 1000,000 and 18 months of time duration for the complete implementation. Apart from these, there are various requirements for the successful implementation of NAC which include settlement of IT department, including desktop support staff, network administrators and security people and others. There by, these requirement will further add up cost for the solution and may likely to hinder the growth of the market.

 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Network Access Control Market. Major players in the Network Access Control Market are Cisco Systems Inc, ForeScout Technologies Inc, Extreme Networks Inc, HPE, Bradford Networks Inc, and Avaya Inc, and others.

 

• In Nov 2019, Forescout Technologies Inc has launched cloud based eye segment for the transformation of Enterprise Wide-Network Segmentation. 
• In May 2019, Forescout technologies Inc launched Inaugural device cloud research based on leading device intelligence.
• In Aug 2019, Forescout Technologies Inc collaborates with VMware to create Comprehensive IoT LifeCycle and Security Management Solutions. 

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