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Network Access Control (NAC) Market Size

Report ID: GMI2755
Published Date: Apr 2022
Report Format: PDF

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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.

Network Access Control Market

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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.

Network Access Control Market Report Attributes
Report Attribute	Details
Base Year:	2021
Network Access Control Market Size in 2021:	2 Billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	35%
2028 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:	Rising popularity of BYOD trends Growing number of cyberattacks Increasing adoption of cloud platform across SME Rising proliferation of IoT devices Government regulations regarding network security
Pitfalls & Challenges:	Lack of in-house capabilities across SMEs High initial implementation cost

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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.