With rising digitization and technological advancements, information security has gone under historic changes over the years. This has also led to an increasing threat to privacy and data security. With the augmentation of technical advancements, new security solutions has been unfolded for protecting data against breaches. Network access control (NAC) solutions give centralized control of all the network assets and ensure the highest level of security and compliance.
Network access control makes sure that anyone who gets into the system, both in terms of devices and users, is authorized. Traditionally, they were used to block unauthorized devices but owing to improvisations in the digital era, NAC systems became more vigorous to meet the challenge of applying rules and policies that perform across an ecosystem of BYOD(bring your own devices), mobile hotspots, and cloud services.
The network access control market is expected to attain a notable CAGR during the forecast period, i.e., 2020-2028. The market is segmented by product type, services, verticals, deployment, and region. Among product segmentation, the hardware solution segment is anticipated to hold the leading market share during the forecast period owing to greater endpoint visibility and compliance. The software segment is expected to grow significantly in the forecast period on account of increasing cybercrimes and malware attacks.
Emerging technologies such as the Internet of Things, bring your own device (BYOD), machine to machine networks, cloud-based services, and rise in web-based applications are driving the growth of the network access control market.
The key growth drivers for this market are the growing rate of cybercrimes, malware attacks, and the breach of data security around the globe. IBM Security in its 2019 Cost of a Data Breach Report reported that the average total cost of a data breach was USD 3.92 million and the cost of a data breach has risen 12% over the past years.
According to a report published by the World Economic Forum on April 1, 2020, cybercriminals are exploiting COVID 19 to launch cyberattacks, and passwords are one of the most vulnerable targets of attack.
Moreover, in enterprises, new devices, and new employees entering the network supports the growth of the market. Also, operating systems such as android, IoS, and windows are improving compatibility with network access control products contributing towards the growth of the market. CLICK TO DOWNLOAD SAMPLE REPORT
The market growth is hampered by huge initial investment in cloud deployment and establishing appropriate policies for the network access control systems.
Furthermore, the lack of comprehensive control to identify user access and guest access may hamper the growth of the market.
Our in-depth analysis of the network access control market includes the following segments:
Geographically, the network access control market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America is predicted to dominate the global network access control market share followed by Europe and APAC in the forecast period owing to technological maturity, a growing rate of cybercrimes, data breaching, and the massive growth of the industrial sector in the region. North America houses the key players of the network access control market and the existing datacentre facilities are also observing expansion.
The Asia Pacific is anticipated to surface as a lucrative region for the network access control market in the forecast period on account of the high adaption of mobile, social, and cloud technologies.
Latin America and the Middle East & Africa regions also represent immense potential in terms of the adoption of network access control solutions.
The network access control market is further classified on the basis of region as follows:
• North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
• the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.
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