PUBLISHER: Value Market Research | PRODUCT CODE: 1547459
PUBLISHER: Value Market Research | PRODUCT CODE: 1547459
The global demand for Network Access Control Market is presumed to reach the market size of nearly USD 446.91 Million by 2032 from USD 220.42 Million in 2023 with a CAGR of 8.17% under the study period 2024-2032.
Network access control or (NAC) refers to a security solution that enables businesses to limit unauthorized access to their private network. In other words, it makes sure that none other than authorized users and devices can access their network. It employs a set of tools and implements policies on devices in order to enhance network visibility and minimize risk. An important feature of NAC is that users need to authenticate through multifactor authentication, which is a more foolproof system compared to identifying users by username and password or IP address. NAC also ensures extra level of protection to individual components of the network following a user gaining access to the network.
Increasing incidence of network security breaches faced by enterprises, more and more enterprises focusing on AAA (authentication, authorization and accounting) and increasing adoption of data protection software are key factors driving the growth of network access control market. Other factors that propel NAC market growth are development of new technologies like BYOD (bring your own device), cloud based services, IoT and machine-to-machine networks. Furthermore, increasing application of NAC in BFSI, upsurge in endpoint devices and growing work-from-home trend due to Covid-19 resulting in increased network security will have a positive impact on NAC market. However, scalability issues with NAC solutions may hinder its market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Network Access Control. The growth and trends of Network Access Control industry provide a holistic approach to this study.
This section of the Network Access Control market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Network Access Control market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Network Access Control market include Cisco, AP Access Control, Sophos, Fortinet, Huawei, Extreme Networks, Check Point Software Technology, Microsoft Corporation, Hewlett Packard Enterprises (HPE), Juniper Networks Inc., IBM Corporation, Broadcom Inc., ManageEngine, VMware, Forescout Technologies, Aruba ClearPass. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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