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Cloud Technology is fastest growing segment fueling the growth of Network Access Control Market

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Lucy Kart
Cloud Technology is fastest growing segment fueling the growth of Network Access Control Market

The global Network Access Control Market is estimated to be valued at US$ 11002.11 Mn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Network access control systems secure networks by controlling user access to network resources through authentication and authorization. They ensure proper access based on user credentials, status of device, location, and other parameters. NAC systems enhance network security, visibility and compliance.

Market key trends:

Remote and hybrid work policies adopted by many organizations during the pandemic have accelerated the shift to cloud-based network access control solutions. Cloud NAC provides flexibility, scalability and cost benefits of cloud computing. It allows secure remote access for mobile and home-based workforce. With increasing security threats in hybrid networking environments, cloud NAC is emerging as a popular option for cost-effective and robust network access management.

Segment Analysis

The global network access control market is dominated by component-based sub-segment. The component based NAC solutions allow network administrators to efficiently control and manage network access based on various identity and security parameters. This sub-segment held around 60% market share in 2022 owing to the higher adoption of standalone hardware and software components among organizations for regulating network access.

Key Takeaways

Global Network Access Control Market Size is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing demand for centralized network access management across industries.

Regional analysis

North America dominated the global market with around 40% share in 2022. Early adoption of advanced network security solutions among enterprises in the US and Canada is driving the regional market. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rapid digital transformation across industries in major countries like China, India.

Key players

Key players operating in the network access control market are Auconet, Inc., Avaya, Inc., Bradford Networks, Cisco Systems, Inc., Extreme Networks, Inc., Forescout Technologies, Inc., Hewlett Packard Enterprise Development LP, Impulse Point, Key Innovator, Portnox, and Pulse Secure, LLC. The market is witnessing increasing adoption of cloud-based NAC solutions from providers like Auconet and Forescout Technologies to enhance network security. Cisco Systems, with its wide product portfolio, dominated the overall market in 2022.


Read MoRe- https://www.newsstatix.com/network-access-control-market-outlook-analysis-and-overview/ 

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