Network Access Control Market Sales is expected to grow USD 14.5 Billion by 2032

The network access control market size was valued at USD 2.9 Billion in 2023 and is expected to have a market size of USD 14.5 Billion by 2032 with a CAGR of 19.5%. 

Network Access Control security technology allows businesses to control and monitor device access to a network. It ensures that only authorized and compliant devices connect to the network, lowering the chance of a data breach. The increased frequency of cybercrime worldwide is driving up demand for network access control solutions across a wide range of industries. Governments and financial organizations have been among the first to use NAC solutions to protect national security and decrease financial losses.

The network access control industry has recently grown, owing to increased network infrastructure security concerns. Enterprises are increasingly embracing consumerization of IT strategy, with the goal of reducing capital investment by allowing employees to access corporate networks and data from their own computers or laptops. While this strategy improves overall efficiency, it raises substantial concerns about network access and security, particularly when it comes to validating user validity within companies.

According to Verizon’s 2023 DBIR, internal actors, who include full-time workers, independent contractors, interns, and other individuals, are responsible for around 19% of data breaches. Furthermore, such breaches cause cash losses and data compromises for businesses. According to IBM’s Data Breach Report for 2023, the average global cost of a data breach is $4.5 million.

Network access control provides dynamic endpoint intelligence, allowing IT teams to make informed judgments, update policies, and take action via a centralized portal. Its policies can be used to confirm the authorization of users/devices attempting or currently accessing the network. As a result, the network access control industry is expected to increase significantly in coming years.

Segmentation Overview:
The global network access control market has been segmented into product, deployment, enterprise size, end-user, and region.­

Software accounted for a remarkable growth in 2023

The network access control market is segmented by product type: hardware, software, and services. In 2023, the software category dominated the market due to increasing usage of cloud-based solutions. ­

The BFSI sector dominates the end-use category

The network access control market is categorized by end-user into BFSI, healthcare, retail and e-commerce, manufacturing, government, IT & telecom, and others. The BFSI segment held the largest market share in 2023 owing to the growing need for advanced security in banking transactions. 

North America is the leading region

North America’s Network Access Control market share was significantly high in 2023 due to major NAC providers in this region. Furthermore, the rise in malware attacks and data security threats has compelled market vendors to invest in NAC solutions to ensure authorized access to data.  

Network Access Control Market Report Highlights:
  • The global network access control market growth is anticipated at a CAGR of 19.5% by 2032.
  • The increasing adoption of heterogeneous network infrastructure also contributes to the demand for network access control. Enterprises engage vendors for wired and wireless networks, leading to heterogeneity of network infrastructure. 
  • Factors such as deployment and interoperability issues and high implementation costs are expected to hinder market growth.
  • Some prominent players in the network access control market report include Hewlett Packard Enterprise, Auconet Inc., Cisco Systems, Inc., Juniper Networks, Inc., Extreme Networks, Fortinet, Inc., IBM Corporation, Broadcom, Macmon Secure GmbH, Microsoft Corporation, VMware, Inc., and Huawei Technologies Co., Ltd. 

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