Network Access Control
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What Is the Expected CAGR for the Network Access Control Market Through 2025?
The growth in the network access control market has been explosive, with its size projected to rise from $4.52 billion in 2024 to $5.8 billion by 2025. This equates to a compound annual growth rate (CAGR) of 28.5%. Factors such as escalating cybersecurity issues, regulatory compliance needs, the proliferation of bring your own device (BYOD) policies, safeguarding against internal threats, and an increase in network connectivity and complexity account for the surge seen in the historic period.
What’s the Projected Size of the Global Network Access Control Market by 2029?
In the coming years, the size of the network access control market is projected to experience significant expansion. By 2029, the market will soar to $16.47 billion, with a compound annual growth rate (CAGR) of 29.8%. The projected growth during this period is fueled by factors such as managing remote workforces, integrating with zero trust architecture, advanced threat detection, and a focus on cloud security. The period will also see prominent trends like merging with identity and access management (IAM), implementing network segmentation strategies, incorporating behavior analytics in NAC, cooperating with threat intelligence platforms and increasing emphasis on remote NAC for teleworking.
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Top Growth Drivers in the Network Access Control Industry: What’s Accelerating the Market?
The proliferation of privacy and security apprehensions is predicted to accelerate the expansion of the network access control market. These apprehensions encompass both safeguarding sensitive data as well as defending data systems from unsolicited access, manipulations, or security breaches. Network access control offers an exhaustive framework for implementing regulations, authenticating individuals and devices, and supervising network activities to deter unsanctioned access and potential infringements. To illustrate, the Department of Defence Australia, a government agency based in Australia, reported in November 2023 that during the fiscal year 2022-2023, the Australian Cyber Security Centre received in excess of 94,000 cybercrime reports. This figure represents an upsurge of 23 percent compared to the preceding year, 2021-22. Therefore, the emergence of privacy and security fears will stimulate the network access control market. Network Access Control Market Driver: Influx in Remote Work Fuels Network Access Control Market Growth
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What Trends Will Shape the Network Access Control Market Through 2029 and Beyond?
Key players in the network access control market are prioritizing the development of innovative solutions such as cloud-based network access control (NAC). This approach is aimed at enhancing customer services and fortifying their position in the market. Cloud-based NAC is a form of NAC that is maintained and controlled in the cloud for the implementation of network access control policies. For example, in May 2023, Juniper Networks Inc., a US-based network security products and software-defined networking technology provider, introduced Juniper Mist Access Assurance. This is a cloud-based NAC service that makes it uncomplicated for businesses to implement secure network authentication and accreditation, avoiding the complexities associated with in-house NAC. Access Assurance is designed to offer users a trustworthy and secure network connection experience. We consistently evaluate the end-user experience by pairing NAC with network connectivity transparency and pinpointing anomalies brought on by client settings, network services, or NAC policies. Network administrators can now control access and deliver an enhanced user experience through a shared cloud and AI engine almost seamlessly.
What Are the Main Segments in the 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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Which Top Companies are Driving Growth 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
Which Regions Will Dominate the Network Access Control Market Through 2029?
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
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