According to a new report, published by KBV research, The Global Network Access Control Market size is expected to reach $14 billion by 2030, rising at a market growth of 25.3% CAGR during the forecast period.
The On-premise segment is showcasing a CAGR of 23.5% during (2023 - 2030). With the help of in-house solutions such as on-premise NAC, businesses can operate and maintain the security of their networks with greater usage flexibility in accordance with their organizational needs and shifting business requirements. These solutions also give businesses total control over the use and management of their networks. The market for network access control in this segment is anticipated to increase due to these factors.
The Hardware segment is leading the Global Network Access Control Market by Offering in 2022 thereby, achieving a market value of $6.2 billion by 2030. The hardware solutions and equipment for delivering high-performance capabilities and dynamic network security functionalities include routers, firewalls, controllers, switches, and others. These cutting-edge NAC hardware solutions offer endpoint security, web application security, network security, and identity and access management.
The Small & Medium Enterprises segment has shown the growth rate of 25.9% during (2023 - 2030). Due to the lack of security solution adoption, open to-comprisable networks, and absence of technological skills & infrastructures, small and medium-sized businesses are increasingly becoming the most convenient and lucrative target for cybercriminals. The primary factors anticipated to propel the usage of network access control software & hardware solutions in the SME sector are the expanding technical developments in the network security industry that offer dependable and affordable solutions.
The BFSI segment is leading the Global Network Access Control Market by Vertical in 2022 thereby, achieving a market value of $3.1 billion by 2030. The risks of security breaches, data theft, device compromise, and network hijacking are continually rising in the financial & banking sectors. In the meantime, these sectors are increasing their IT investment at an unprecedented rate to stay up with new IoT devices, technologies, and web-based apps, leaving them extremely open to security breaches. Consequently, the need for network security, zero-trust, and access monitoring & control solutions among banking & financial services firms is constantly increasing.
The North America market dominated the Global Network Access Control Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.5 billion by 2030. The Europe market is exhibiting a CAGR of 25% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 26.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/network-access-control-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, Broadcom, Inc., VMware, Inc., Hewlett Packard Enterprise Company, Microsoft Corporation, Juniper Networks, Inc., Sophos Group PLC (Thoma Bravo) and Fortinet, Inc.
By Deployment
By Offering
By Enterprise Size
By Vertical
By Geography
Companies Profiled
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