Network Access Control Market Size and Forecast 2024-2033|Cisco Systems Inc., SAP SE, Hewlett Packard Enterprises Co., Vmware Inc., CommScope Inc

The Network Access Control Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Network Access Control Global Market Report 2024, The network access control market size has grown exponentially in recent years. It will grow from $3.49 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to rising cybersecurity threats, regulatory compliance requirements, bring your own device (byod) trends, protection against insider threats, increasing connectivity and network complexity.

The network access control market size is expected to see exponential growth in the next few years. It will grow to $12.6 billion in 2028 at a compound annual growth rate (CAGR) of 29.2%. The growth in the forecast period can be attributed to remote workforce management, integration with zero trust architecture, advanced threat detection, focus on cloud security.. Major trends in the forecast period include integration with identity and access management (iam), application of network segmentation strategies, use of behavioral analytics in nac, collaboration with threat intelligence platforms, growing importance of remote nac for telecommuting.

The growth in privacy and security concerns is expected to propel the growth of the network access control market going forward. Privacy and security concerns include both the protection of sensitive information and the protection of data and systems from unwanted access, exploitation, or breaches. Network access control provides a complete framework for enforcing regulations, authenticating people and devices, and monitoring network activity to prevent unwanted access and possible violations. For Instance, in May 2022, according to a report published by HISCOX, a Bermuda-based insurance company, the average cyber security spending per company is up 60% in 2021 to $5.3 million. Further, the overall frequency of cyber-attacks grew by 12% yearly, with 48% of organizations reporting a cyber assault in the past 12 months, up from 43% in 2021. Therefore, the growth in privacy and security concerns will drive the network access control market.

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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

Major companies operating in the network access control market are focusing on innovating advanced solutions such as cloud-based network access control (NAC) to provide reliable customer services and strengthen their market position. Cloud-based network access control (NAC) is a type of NAC that is hosted and managed in the cloud to enforce network access control policies. For instance, in May 2023, Juniper Networks Inc., a US-based provider of network security products and software-defined networking technology, launched Juniper Mist Access Assurance, a cloud-based network access control (NAC) service that allows businesses to easily impose secure network authorization and authentication without the complications related to on-premises NAC. Access Assurance was created to provide users with a safe and dependable network connection experience. We continually assess the end-user experience by combining NAC with network connectivity visibility and identifying errors caused by client settings, network services, or NAC policies. Network administrators may now regulate access and provide a better user experience to a shared cloud and AI engine almost effortlessly.

The network access control market report table of contents includes:

1. Executive Summary

2. Network Access Control Market Characteristics

3. Network Access Control Market Trends And Strategies

4. Network Access Control Market – Macro Economic Scenario

5. Global Network Access Control Market Size and Growth

26. South America Network Access Control Market

27. Brazil Network Access Control Market

28. Middle East Network Access Control Market

29. Africa Network Access Control Market

30. Network Access Control Market Competitive Landscape And Company Profiles

Top Major Players: