by The global Network Access Control Market is estimated to be valued at US$ 9,397.7 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 set of technologies that regulates and controls user and device access to the enterprise network. It helps enterprises identify and authenticate devices and only grant approved ones network access. The growing usage of multiple devices like laptops, smart devices, and bring your own device (BYOD) has increased the security risks associated with unmanaged access. Network access control provides visibility into devices connecting to the network and controls access based on their security posture. It automates access control based on the device’s location, operating system, security compliance, and other attributes. This ensures only authorized users and devices are allowed to access critical business resources.
Market key trends:
Rising digital transformation initiatives and implementation of BYOD policies across various organizations have increased the adoption of NAC solutions. Organizations need to securely provide access to multiple devices while also meeting compliance regulations. Network access control plays a vital role in addressing these needs by centralized visibility and automated policy-based access control. Another key trend is the integration of NAC with existing access management and security frameworks like SD-WAN, unified threat management, and identity and access management. This offers a more comprehensive access control and security solution. Growth in cloud and mobile technologies is also driving the need for reliable network segmentation and access governance to safeguard sensitive data and infrastructure remotely.
Porter’s Analysis
Threat of new entrants: Low capital requirements for the establishment of new players pose a moderate threat to existing players. However, established brands and need for technical expertise acts as a barrier.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, compliance with network security policies increases switching costs.
Bargaining power of suppliers: A few major players dominate the supply side resulting in high bargaining power of suppliers. However, differentiation in products and services balances it.
Threat of new substitutes: Alternatives like firewalls provide limited substitution threat. However, advanced capabilities of NAC solutions like device profiling reduce threat of substitutes.
Competitive rivalry: The market is moderately competitive with presence of few global players and several regional players. Competition is based on product differentiation, pricing, capabilities and customer support.
Key Takeaways
The global Network Access Control Market is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing demand for compliance and improved network security policies from enterprises.
North America dominates the market holding over 35% share due to stringent regulatory mandates and early adoption of advanced technologies among enterprises. Asia Pacific is expected to witness fastest growth due to rising cyber threats, digitalization and growing BYOD trend in the region.
Key players operating in the Network Access Control Market includes 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. Players adopt strategies like partnerships, new product launches and mergers to gain competitive advantage.
