- Press Release -

Fact.MR expects the global network access control market to reach US$ 15.37 Bn by the end of the 2022-2032 forecast period, registering a value CAGR of over 22%. Extensive reliance on virtual platforms by key industry verticals and the resultant vulnerability to cybersecurity threats has heightened uptake in recent years.

From 2017 to 2021, the network access control industry registered stellar uptake, registering a CAGR worth 19%. Prospects further heightened during the COVID-19 pandemic, as entities looking to leverage personal and corporate data for malicious purposes spawned tremendously. This was an outcome of increased amounts of time spent on the virtual landscape, in the wake of stringent lockdowns.

With the parade of technological advances, growth in new security solutions for data protection against malicious attacks is imminent and is likely to unfold on various fronts. Network access control (NAC) has come a long way and a cohort of leading companies has come up with solutions to further underpin its evolution over these many years.

Key Takeaways from the Market Study

• Global network access control market to surpass US$ 2 Bn by the end of 2022
• U.S to be an opportunistic market for network access control, securing a 45% market share
• China to be the dominant market, accumulating a share of 55% from 2022-2032
• By deployment, cloud-based network access control software to expand at a CAGR of 15%
• 3 out of 5 network access control software applications abound across the IT & Telecom sector

“Increased vulnerability to cyber threats, owing to abundant availability of personal and corporate data on the virtual space has compelled corporations to invest in robust network access control systems, heightening growth prospects”, says the Fact.MR analyst.

Market Competition

The competitive landscape of the network access control market is shaped by product innovation and strategic mergers & acquisitions. Auconet Inc., Cisco Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout Technologies Inc., and Fortinet Inc. are some prominent manufacturers of network access control.

• In March 2020, Portnox announced the release of its Zero-Trust Remote Access-as-a-Service solution. Purpose-built to be layered over enterprise VPNs or virtual desktop infrastructure (VDI), the new cloud-delivered solution strengthens the security of remote access through VPN or VDI. The new solution helped the company to increase the remote access security for scaled-up remote users during the COVID-19 pandemic.
• In November 2021, Cisco Canada and STEM Fellowship announced the launch of Canada’s widest-reaching cybersecurity education program for high school students – the Cybersecurity Classroom Training Program (CCTP). The CCTP addresses the growing need for cybersecurity awareness and education and provides early exposure to the various tools, technologies, and career paths available in the IT and digital industries.

More Valuable Insights

In its latest report, Fact.MR offers an unbiased analysis of the market providing historical data for the period of 2017-2021 and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of component type (hardware, software and services), deployment type (on-premises and cloud), buyer type (large enterprises and small & medium enterprises) and vertical (banking & financial services, healthcare & life sciences, government, education, IT & telecom and others) across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).

Fact.MR’s Domain Knowledge in Technology

Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

For more information, refer to our market research report or contact the PR author.

Shubham Patidar

Fact.MR

Consultant – ICT

E-mail: shubham@factmr.com