Global Network
Access Control (NAC) Market strategic
research study offers company accounts, industry investors, and industry
members with consequential insights to enable them to make reliable strategic
decisions regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Network Access Control
(NAC) so that market participants can improve their business strategy and
ensure long-term success. This report provides players with useful information
and suggests result-based ideas to give them a competitive advantage in the
global Network Access Control (NAC) industry. It will show how other players
compete in the global Network Access Control (NAC) Market and explain the
strategies you use to differentiate yourself from other participants.
This Research Report
Answers the Following Questions:
·
How Network
Access Control (NAC) market
will grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Network Access Control (NAC)?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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Global Network Access Control (NAC) industry
was estimated over USD 551.6 million in 2014 and is anticipated to be worth USD
4.39 billion by 2022, with a CAGR at 30.2%. Increasing rate of data thefts and
cyber-attacks have resulted in the development of Network Access Control that
provide solution to combat these problems. NAC solutions have been accepted on
a large scale at a rapid pace in order to ensure safety from malware attacks,
hackers and malicious software thereby leading to a need for secure network
infrastructure.
Extensive adoption of Machine to Machine
(M2M) networks and Internet-of-Things (IoT) has added significantly in
upholding the industry prospects. It is capable of efficiently facilitating the
changing enterprise network and regulatory scenario. The Bring Your Own Device
(BYOD) trend plays a major role in accelerating the demand for Network Access
Control solutions. Improved ease of deployment, reduced system complexity and
enhanced effectiveness of these products has further steered the market growth.
Improvements in technological proliferation, Network Access Control platforms,
endpoint visibility remediation along with configuration assessment have
resulted in market expansion. In an attempt to improve the efficacy of
perimeter network defenses, Network Access Control is being widely implemented
into security platforms.
NAC software is used in BFSI and government
sectors. Regulatory compliance requirements such as Payment Card Industry Data
Security Standard (PCI DSS) and Control Objectives for Information and Related
Technology (COBIT) are forcing organizations to adopt the network access
control solutions. Growing emphasis on web-based business services in these
sectors is expected to compel growth over the review period. To satisfy the
strict security requirements, government agencies often invest in Network
Access Control solutions to filter unauthorized networks and device
connections. These services ensure continued businesses while managing security
threats. Risk management efforts and endpoint intelligence have been
accentuated to a great extent in financial institutions, SMBs units and IT
enterprises. It has consequently propelled demand for Network Access Control
products and has led to market growth. However, the market is expected to
witness slowdown in growth due to lack of scalability among the products.
The Network Access Control market, based on
the type, has been categorized into two types; software and hardware. The
software segment contributed to approximately 42.0% of the total market revenue
in 2014. It is projected to exceed 45% by 2022 owing to the growing demand for
software solutions on account of increasing malware attacks and cybercrime rate
On the other, the hardware segment constituted
nearly 58% of the total market revenue in 2014 and is anticipated to be the
primary solution vertical from 2015 to 2022. This segment comprises of gateway
routers, Small Form-Factor Pluggable trans-receiver modules (SFP) and Network
Access Servers (NAS). The gateways consist of multi-homing VPN security
gateways and Unified Threat Management content security gateways (UTM) that
offer secure network connections. Users are provided with internet access post
authentication through an independent service providers (ISP) facilitated by
NAS.
Based on the end-use, these solutions have
been segmented into the government, BFSI, academia, manufacturing, healthcare,
telecommunications and IT. The other segment includes transportation, media and
entertainment, and retail. In 2014, the BFSI sector is anticipated to be the
leading end-user over the forecast period which constituted for nearly 29% of
the total revenue. The rising need for carrying out safe and protected
transactions has impelled banks and financial institutions to make use of
network security solutions. Government institutions are prospective targets for
hackers in order to gain political gains and important information. These
solutions have helped governmental organizations in curbing data theft activities
and safeguarding confidential files from hackers.
The North American continent is expected to
showcase substantial growth and become a lucrative market worldwide in the
foreseeable future. Numerous players have been focusing on investing in various
solutions. This has increased its growth prospects in the regional market.
Continuous efforts to develop hardware and
software solutions for customers in order to resolve challenges associated to
network security are expected to influence market growth positively. It offers
a wide range of functionalities including identity-driven LAN security
solutions. Asia Pacific is expected to yield significant profits in the region
for this industry. Growth in the region can be majorly attributed to rising
acceptance of social, cloud and mobile technologies. Key market players
including Bradford Networks, Aruba Networks, Check Point Software Technologies,
Forescout, Juniper Networks, Cisco, Portnox, Pulse Secure, Trustwave and
Vendors StillSecure, Sophos are continuously emphasizing on implementing added
objectives and reducing decision problems while incorporating of Network Access
Control solutions.
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