by 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 (NAC) is a solution deployed at entry points, typically network switches or dedicated network appliances, which is used for comprehensive visibility and control of devices accessing the corporate network. NAC verifies, authorizes, enforces access policies, and remediates non-compliant endpoints before or after they access the network. NAC minimizes the threats coming from unmanaged devices by providing an extra layer of protection in addition to firewalls and intrusion detection systems. NAC analyzes devices joining the network to identify security threats and ensures compliance with privacy and security policies. It provides simplified management of network access and real-time visibility into all endpoints, users, and devices on the network.
Market key trends:
One of the major trends in the NAC market is the shift from hardware appliances to software-defined NAC solutions. Vendors are offering software-defined and cloud-managed NAC solutions which provide software-only or hybrid deployments instead of hardware appliances. This allows enterprises to deploy NAC solutions in virtual environments and public/private clouds. Furthermore, with the increasing cases of cyber threats, data breaches, and sophisticated attacks, there is a rising demand for enhanced endpoint visibility and control. Vendors are focusing on developing advanced NAC solutions integrated with endpoint detection and response (EDR) capabilities for continuous monitoring of endpoints and remediating threats in real-time.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to the presence of well-established players and the need for significant investments to develop network and security solutions.
Bargaining power of buyers: The bargaining power of buyers is high as the market has numerous solution providers offering substitute products at competitive prices.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the availability of alternative component suppliers in the market.
Threat of new substitutes: The threat of substitutes is moderate as there exists potential substitutes like next-generation firewalls that offer similar functionality.
Competitive rivalry: High due to the presence of numerous international and regional players competing on security, scalability and pricing.
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 security solutions.
North America is expected to dominate the Network Access Control Market during the forecast period. Increasing cyber threats and stringent data protection regulations are anticipated to drive market growth. The region has a strong foothold of key vendors like Cisco, Forescout and Pulse Secure.
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. Major players are focusing on product innovation and adoption of organic and inorganic growth strategies like mergers & acquisitions to gain competitive advantage.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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