May 29, 2024
Ict

Network Access Control Market is expected to be Flourished by Growing Demand for Secure Connectivity in BYOD Environment

Network access control (NAC) enables organizations to efficiently secure and manage user access to corporate networks and resources in any network infrastructure. It controls which devices are allowed on the network and enforces compliance with network policies. It validates the identity, health, and security posture of each device connecting to the network before granting access to resources and services. NAC solutions provide advanced endpoint policy and security features such as application white and blacklisting, patch management, firewalls, antivirus, anti-spyware applications, and device inventory tracking among others. Key components of the market include solutions for device provisioning and remediation, situational awareness, risk and vulnerability management, policy management and reporting, and access control and compliance. Leading NAC vendors offer both on-premises and cloud-based deployment models to best suit the needs of large enterprises as well as small- and medium-sized businesses (SMBs).

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 Dynamics:
The growing demand for secure connectivity in bring your own device (BYOD) environments is expected to drive the global network access control market growth over the forecast period. As more employees start accessing critical enterprise applications and data through personal smartphones and laptops, organizations need effective access control and policy enforcement mechanisms to securely connect user devices to the network while mitigating security risks. Network access control solutions help businesses address critical BYOD challenges such as endpoint visibility, configuration compliance, vulnerability management, and malware protection.

Another factor propelling the market is increasing demand for unified threat management (UTM) at the network perimeter. UTM appliances integrated with NAC capabilities deliver advanced network security functions including firewall, antivirus, intrusion prevention, web filtering, and application control among others. They play a vital role in restricting unauthorized access and detecting network threats in real-time. Growing deployment of UTM gateways across small, medium, and large enterprises is expected to support market growth during the forecast period.

Segment Analysis
The network access control market is dominated by the deployment segment due to rise in virtual private networks and cloud computing. The deployment segment includes solutions for hardware deployment, virtual deployment and cloud-based deployment. Within the deployment segment, the virtual deployment sub-segment dominates the market as it provides flexible, scalable and cost-effective access control solution for enterprises.

PEST Analysis
Political: Strong data protection regulations across regions are forcing organizations to adopt robust access control solutions. Also, rise in cybercrimes is prompting government agencies to formulate policies for secure network access.
Economic: Rapid digital transformation across industries is driving investment in advanced access control infrastructure for network security. Organizations are allocating more funds to access management to ensure safety of critical data.
Social: Increasing usage of BYOD and rise of remote work culture is raising the need for strong access control platform to provide seamless user experience while maintaining security. IT teams are focused on deploying solutions to balance user convenience and privacy.
Technological: Growth in adoption of advanced technologies like AI, machine learning and analytics is facilitating intelligent and automated access control. Also, emergence of 5G and cloud computing is necessitating centralized and scalable access management.

Key Takeaways
The global Network Access Control Market is expected to witness high growth due to rising cyber threats and stringent compliance mandates. 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.

North America dominates the market attributed to large-scale digitalization and presence of leading access control vendors in the region. The North America network access control market dominates the global landscape owing to widespread digital transformation initiatives and growing cyber-threats across industries. Furthermore, presence of leading access control vendors and advanced network infrastructure in the region is boosting demand.

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.

*Note:

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