The Network Access Control (NAC) market exhibited remarkable growth in 2022, with a total revenue of approximately US$2.4 billion. This dynamic market is poised for an astonishing trajectory, as it is projected to surge to a whopping US$35.3 billion by 2033.
The anticipated growth rate for the period from 2023 to 2033 is an impressive 27.8%. Network Access Control, often abbreviated as NAC, is a critical component of modern cybersecurity infrastructure.
To defend their networks from this influx of unmanaged devices, organizations must keep existing network access control up to date or purchase network access control. Network access control solutions increase IoT device characterization, particularly in certain vertical markets.
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Key Takeaways
- By component, the network access control appliances segment is anticipated to account for the leading share in the global demand for network access control during the forecast period. However, network access control software segment is estimated to grow at a robust CAGR of 29.9% through 2032.
- Among the enterprise size, SMEs segment is estimated to grow by 28.8% CAGR during the forecast period.
- By Industry, the IT and telecom segment is anticipated to increase at highest CAGR of 31.1% between 2022 & 2032.
- North America region is dominating network access control market followed by Europe region in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
- The market in U.S. is expected to progress at a CAGR of around 25.0% through 2032.
- In China, the network access control market is expected to grow by 10.8X during the forecast period.
Shortage of Skilled Security Professionals a Big Challenge
Organizations are finding it difficult to keep up with cybersecurity threats due to a significant scarcity of experienced professional security professionals. To overcome these resource restrictions, businesses require stronger security tools and automated processes.
While a business or major corporation may have the means to put up an expert security team, they will most likely be forced to execute a variety of other IT tasks. Many functions can be offloaded and their burden can be automated using next-generation network access control.
To offer critical tools for security monitoring, such efficient network access controls are being created. In order to serve large corporations and SMEs, NAC solution providers collaborate with managed security services providers (MSSPs), to broaden their capabilities.
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About Electronics, Semiconductor and ICT Division at Future Market Insights
Expert analysis, strategic recommendations and actionable insights- the electronics, semiconductors, and ICT team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs.
With a repository of over 500 reports on electronics, semiconductors, & ICT, of which 100+ reports are specifically on solutions, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductors, and ICT industry.
Network Access Control Outlook By Category
By Component:
- Network Access Control Appliances
- Network Access Control Software
- Cloud-Based
- On-Premises
- Service
- Professional Services
- Consulting Service
- Support & Maintenance
- Installation and Deployment
- Managed Services
- Professional Services
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- IT & Telecom
- BFSI
- Healthcare
- Retail
- Manufacturing
- Government
- Education
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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