June 15, 2024

The global Network Access Control Market is estimated to Propelled by increasing BYOD and IoT trends

Network access control (NAC) solutions provide enhanced network security by validating and authenticating device characteristics and user credentials before granting network access. NAC solutions identify devices and their capabilities, enforce endpoint compliance, and facilitate network access based on security policies. The growing adoption of bring-your-own-device (BYOD) trends and increasing connectivity of IoT devices have amplified the need for robust network access control.

The global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing adoption of BYOD and IoT devices has propelled the demand for effective network access control solutions. As more employees access corporate networks using personal devices and an exponential rise in connected IoT devices, it has become imperative for organizations to implement robust authentication and device profiling mechanisms. NAC solutions help secure network access by assessing devices, validating user credentials, inspecting configurations, checking for malware or vulnerabilities, and enforcing compliance policies before granting access. This enables enterprises to safely embrace BYOD trends while maintaining network security. The rise of 5G networks will further fuel the need for NAC with the rapid growth of IoT deployments requiring secured connectivity across diverse environments.

SWOT Analysis
Strength: The network access control market benefits from the growing need to secure access to enterprise networks. NAC solutions offer enhanced visibility and control over network access.
Weakness: High initial costs associated with deploying and maintaining NAC solutions can be prohibitive for small and medium enterprises. Limited IT expertise also poses a challenge.
Opportunity: The rise of IoT and BYOD trends is widening the attack surface for networks. This is creating opportunities for NAC vendors to offer integrated solutions supporting a variety of device types.
Threats: Open-source and free network monitoring tools can be deployed as alternatives to commercial NAC offerings. This increases competition.

Key Takeaways
The global Network Access Control Market is expected to witness high growth over the forecast period driven by the need for seamless access management across diverse enterprise networks. The global Network Access Control Market is estimated to be valued at US$ 9,397.7 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030.

The North America region currently dominates the market owing to stringent cybersecurity regulations and increasing Bring Your Own Device practices among organizations. Key players like Cisco Systems and Forescout Technologies command a significant market share through their solutions that provide administrators centralized visibility and granular control over network access. Offering context-aware access delivery optimized for mobility and cloud adoption will be critical for vendors to gain an edge in this competitive landscape.

Key players operating in the network access control market are Auconet, Inc., Avaya, Inc., Bradford Networks, Cisco Systems, Inc., Extreme Networks, Inc., Forescout Technologies, Inc., Hewlett Packard Enterprise Development LP, Impulse Point, Key Innovator, Portnox, and Pulse Secure, LLC. The Asia Pacific region is expected to witness the fastest growth over the forecast period driven by rapid digital transformation of enterprises across industries in countries like China, India, and Japan. Rapid economic development and increasing cybersecurity spending in these nations is fueling the adoption of NAC solutions.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it