U.S to Be an Opportunistic Market for Network Access Control, Securing A 45% Market Share

According to
Fact.MR, the worldwide network access control market will be worth US$ 15.37
billion by the end of the forecast period of 2022-2032, with a value CAGR of
more than 22%. Key industry sectors’ heavy reliance on virtual platforms and
the resulting exposure to cybersecurity attacks have increased adoption in
recent years.

 

The network
access control market experienced phenomenal growth between 2017 and 2021,
registering a CAGR of 19%. Prospects increased during the COVID-19 epidemic as
the number of organisations attempting to use corporate and personal data for
malevolent reasons grew significantly. This resulted from people spending more
time online after strict lockdowns, which increased the amount of time they
spent there.

 

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Network
Access Control Market Size (2022)

US$ 2.1 Bn

Sales
Forecast for Network Access Control (2032)

US$ 15.37
Bn

Global
Market Growth Rate (2022 to 2032)

22% CAGR

 

The
proliferation of new security solutions for protecting data from harmful
attacks is approaching and is anticipated to take place on a number of fronts
as a result of the technological parade. Network access control (NAC) has
advanced significantly over the years, and a number of top businesses have
developed solutions to support this development.

 

Important Conclusions from the Market Study

 

·        
By the end of 2022, the global network access
control market is expected to reach US$ 2 Bn.

·        
The US is expected to be an attractive market
for network access control, with a 45% market share.

·        
From 2022 to 2032, China will have a 55% market
share, making it the most important country.

·        
Cloud-based
network access control software will grow by deployment at a CAGR of
15%.

·        
Applications for 3 out of 5 network access
control software are widespread in the IT and telecom industries.

 

How appealing is the American market for
network access control?

 

With an
increasing number of large and small & middle-sized businesses, the U.S.
market will continue to be the most attractive market for network access
control. The region continues to be one of the early adopters of endpoint
devices, with smartphones, laptops, and tablets being some of the more notable
examples. This helped establish the groundwork for the region’s continued
adoption of network access control solutions.

 

As more
businesses become aware of the advantages of network access control with regard
to business operations, the US continues to be in the forefront of the global
demand for NAC, according to Fact.MR. The expected revenue share for the US
market is 45%.

 

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Marketplace rivalry

Product
innovation and strategic mergers and acquisitions have transformed the
competitive environment of the network access control market. Several
well-known producers of network access control include Auconet Inc., Cisco
Systems Inc., CommScope Inc., CyberCyte, Extreme Networks Inc., Forescout
Technologies Inc., and Fortinet Inc.

 

·        
Portnox declared the availability of their
Zero-Trust Remote Access-as-a-Service solution in March 2020. The new cloud-delivered
solution, which is specifically designed to be layered on workplace VPNs or
virtual desktop infrastructure (VDI), increases the security of remote access
through VPN or VDI. During the COVID-19 pandemic, the new solution assisted the
business in boosting remote access security for scaled-up remote users.

 

·        
The Cybersecurity Classroom Training Program,
Canada’s most comprehensive cybersecurity education programme for high school
students, was unveiled by Cisco Canada and STEM Fellowship in November 2021.
(CCTP). The CCTP gives early exposure to the different tools, technologies, and
career routes accessible in the IT and digital industries, addressing the
growing demand for cybersecurity awareness and education.

 

Key Companies Profiled

·        
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 Gmb

·        
OPSWAT Inc.

·        
Portnox (Access Layers Ltd.)

·        
Pulse Secure

·        
Solarwinds Inc.

·        
Trustwave (Singtel)

·        
Venustech Group Inc.

 

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Key Market Segments in Network Access
Control Industry Research

Component
Type

Network Access Control
Hardware
Network Access Control
Software
Network Access Control
Services

 

Deployment
Type

On-Premises Network Access
Control
Cloud-based Network Access
Control

 

Buyer
Type

Network Access Control for
Large Enterprises
Network Access Control for
Small and Medium Enterprises

 

Vertical

Network Access Control for
Banking and Financial Services
Network Access Control for
Healthcare & Life Sciences
Network Access Control for
Government
Network Access Control for
Education
Network Access Control for
IT & Telecom
Network Access Control for
Other Verticals

* This article was originally published here

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