NAC Market size worth over $12 Bn by 2027
Published Date: March 15, 2021 Authors: Preeti Wadhwani, Smriti Loomba
Network Access Control (NAC) Market size is set to surpass USD 12 billion by 2027, according to a new research report by Global Market Insights Inc.
The growing demand for enhanced visibility across enterprise network infrastructure and devices is likely to fuel the NAC industry demand. The enterprises are emphasizing on providing secure access to data, devices, and networks. The NAC solutions & services enable companies to manage specific access requirements with network frameworks. The advanced capabilities including security posture check, incidence response management, and guest network access are enabling the market growth.
Enterprise-wide BYOD trend and work from home policies to propel the network access control usage
The NAC market is projected to grow at 25% CAGR through 2027 on account of the extensive adoption of BYOD trend. With the current COVID-19 pandemic, there has been an exponential growth in mobile devices across workforces. Enterprises use NAC solutions to administrate the compliance of the remote device prior to offering access to the enterprise networks. This also helps in managing updated security software and data protection followed by restricting possible network vulnerabilities.
Get more details on this report - Request Free Sample PDF
The growing popularity of managed services and technology innovations is driving the NAC market demand
The managed service segment is expected to expand at more than 30% CAGR from 2021 to 2027. These managed services help enterprises in mitigating the potential risks associated with endpoints including wireless access points, mobile devices, etc. Companies, such as CyberSecOp and Infosec Partners, are offering sophisticated managed NAC services. These benefit enterprises with unauthorized device detection, identity & access management, IoT device detections, etc.
Growing market demand for cloud-based networking solutions is restraining the on-premise deployment market growth
The on-premise deployment segment is poised to capture over 60% of the NAC market share by 2027. Enterprises focus on deploying networking components in accordance with the remote infrastructure and business requirements. The on-premise deployment of NAC solutions enables companies to make necessary changes in accordance to operational requirements. The time associated with the deployment and integration followed by operational expenditure is predicted to restrain the demand.
Browse key industry insights spread across 250 pages with 376 market data tables and 28 figures & charts from the report, “Network Access Control (NAC) Market Size By Component (Software, Hardware, Services [Consulting, Integration and Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud), By Organization Size (SMEs, Large Enterprises), By Application (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing, Government, Education), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Increasing network infrastructure related risks across SMEs
The SMEs segment in the NAC market is set to witness significantly from 2021 to 2027 with a CAGR of over 30%. With technology evolutions, the network security concerns across SMEs are increasing consistently. In response, several enterprises in the market are focusing on offering dedicated NAC solutions specifically developed for SMEs. For instance, macmon secure GmbH offers macmon NAC smart solutions for SMEs. These solutions address the need to in-depth visibility, security, and control over the network infrastructure.
Rising need for robust network security to spur the acceptance across the IT & telecom industry
The demand for NAC solutions & services across the IT & telecom industry is anticipated to showcase exponential growth through 2027. The telecom enterprises are required to ensure profiling and visibility across geographically dispersed infrastructure. The NAC solutions help IT & telecom companies to enforce different policies for specific operating scenarios through policy lifecycle management. Enterprises report security concerns for their on-premise and cloud enterprise infrastructures. The advanced network security capabilities of these solutions & services help companies to mitigate the risks associated with cyberattacks and data breaches.
Extensive IoT adoption and digitization across industries are supporting the market demand for NAC solutions & services
Asia Pacific NAC market is predicted to account for above USD 2.5 billion revenue by 2027 driven by the rising usage of IoT devices and growing digitization across the region. The telecom companies in the region are collaborating with technology enterprises to advance wireless connectivity. For instance, in November 2020, China Mobile entered into partnership with Nokia Networks and expanded its enterprise IoT connectivity across the region. The company leverages Nokia’s WING, a connectivity management platform. The need to secure the enterprise network infrastructure and provide secure accessibility is likely to drive the demand for these solutions.
Strategic partnerships to provide enhanced networking services by key players to augment market share
The companies in the NAC industry are collaborating with diverse enterprises for the development of advanced networking services. For instance, in November 2020, Extreme Networks Inc. entered into partnership with Deutsche Telekom to launch cloud-native managed LAN service. Deutsche Telekom leveraged Extreme Networks’ ExtremeCloud IQ platform to ensure the delivery of managed services. This enabled the company to assist customers with in-depth insights, streamlined network management, and security measures.
Some of the key NAC market players are Auconet Inc., Cisco Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout Technologies Inc., Fortinet Inc., Genians Inc., Hewlett Packard Enterprises (HPE), InfoExpress, IS Decisions, Juniper Networks Inc., Macmon Secure GmbH, OPSWAT, Inc., Portnox (Access Layers Ltd.), Pulse Secure, Solarwinds Inc., Trustwave (Singtel), and Venustech Group Inc.