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Network Access Control (NAC) Market - By Component (Software, Hardware, Services), By Deployment Model (On-premise, Cloud), By Organization Size (SME, Large Enterprises), By Application & Forecast, 2022-2028
Report ID: GMI2755
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Published Date: April 2022
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Report Format: PDF
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Premium Report Details
Base Year: 2021
Companies covered: 22
Tables & Figures: 515
Countries covered: 22
Pages: 304
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Network Access Control Market Size
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.
Growing adoption of advanced connected devices in Canada
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.
Network Access Control Market Analysis
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.
Network Access Control Market Share
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:
This market research report on network access control includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:
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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: