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Network Access Control Market size exceeded USD 2 billion in 2021 and is estimated to grow at over 35% CAGR between 2022 and 2028.
Increasing penetration of IoT devices is set to drive the industry growth. The COVID-19 pandemic increased the adoption of connected devices across various end-user industries due to their easy-to-use features. Connected devices improve customer experiences and provide enhanced services. For instance, as per the Ericsson Mobility Report, 40% cellular IoT connections are likely to overtake broadband IoT with 4G connectivity by 2027.
The global COVID-19 restrictions resulted in social distancing, and the demand for network access control components witnessed a rapid spike across various industry verticals such as media entertainment, retail, and education. This created more opportunities for market players to develop advanced network access control solutions. During the pandemic, various business organizations have extensively invested in IoT technologies as a long-term recovery plan. Moreover, owing to rising cybersecurity concerns and the adoption of remote work trends, the demand for network access control solutions across the region is significantly increasing.
Report Attribute | Details |
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Base Year: | 2021 |
Network Access Control Market Size in 2021: | 2 Billion (USD) |
Forecast Period: | 2022 to 2028 |
Forecast Period 2023 - 2032 CAGR: | 35 |
2023 Value Projection: | 20 Billion (USD) |
Historical Data for: | 2018 to 2020 |
No of Pages: | 304 |
Tables, Charts & Figures: | 515 |
Segments Covered: | Component, Deployment Model, Organization Size, Application and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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In Canada, the hardware segment held a market revenue share of around 45% in 2021. This can be credited to the increasing adoption of hardware-based network access control systems across end-user industries. The companies operating in the market are developing advanced network access control hardware components. For instance, in November 2021, Juniper Networks launched the Wi-Fi 6E access points that help in enhancing Wi-Fi performance & capacity. The new access points complement existing 2.4-5.4 Hz Aps.
In the UK network access control market, the cloud deployment model is expected to showcase gains of about 40% during 2022 to 2028. The growth is driven by the growing BYOD trend across the country. Cloud deployment enables enhanced security and privacy of resources shared across limited network areas. Furthermore, industry participants are forming strategic partnerships to launch cloud solutions for IoT devices.
The large enterprises segment in China is poised to register growth rate of 70% through 2028. The market growth is fueled by the growing trend of digital transformation across large enterprises. In addition, growth in mobile devices has liberated the workforce from their desks and given employees the freedom to work remotely. Network access control for BYOD safeguards all employee-owned devices before accessing the network. IT teams monitor & maintain the overall infrastructure and make necessary changes in accordance with business requirements.
The BFSI application in Brazil captured more than 20% of the network access control market share in 2021 on account of increasing usage of advanced technologies, such as AI, cloud computing, and IoT, across the BFSI industry. Banking & financial institutions majorly focus on client engagement policies to propel business growth. Growing digitization and the adoption of digital services including retail banking, online transactions, and digital lending have transformed these financial institutions. In this digital era, banks and financial institutions are required to engage digitally and deliver services to customers, thereby boosting the market demand in the BFSI sector.
North America network access control market size is anticipated to generate a revenue of nearly USD 10.5 billion by 2028. Rapid adoption of trending technologies to augment the need for security solutions to protect data & operational disruptions in these enterprises is fueling the regional industry statistics. The major players are focusing on collaborations with cloud-computing companies to offer IoT security management solutions, automatic enforcement of IoT security policies, and compliance & protection from IoT-based threats.
The industry leaders are developing advanced & integrated platforms. For instance, in December 2021, Appgate launched a new version of its zero-trust network access solution. It offers enhanced capability that helps business enterprises to strengthen & accelerate zero-trust initiatives. It offers several advanced benefits such as flexible deployment and reduced network complexity.
Some of the key network access control market include:
Market, By Component
Market, By Deployment Model
Market, By Organization Size
Market, By Application
The above information has been provided for the following regions and countries:
The market size of network access control crossed USD 2 billion in 2021 and is predicted to register over 35% CAGR during the forecast period of 2022-2028.
Extreme Networks Inc., CyberCyte, CommScope, Inc., Cisco System Inc, Fortinet Inc., Hewlett Packard Enterprise, Genians, Inc., Juniper Networks Inc., and SolarWinds Worldwide, LLC, among many others, are the main participants in this industry.
The U.K. market size from the cloud segment is set to record over 40% CAGR through 2028 as the BYOD trend is picking pace across the country.
The hardware segment held more than 45% of the Canada NAC market share in 2021 due to the growing use of hardware-based NAC systems across several sectors.