The global NAC market size is expected to reach USD 4.39 billion by
2022, according to a new report by Grand View Research, Inc. Technological
proliferation and demand for endpoint intelligence& risk mitigation have
led to high demand for NAC solutions. A significant rise in the use of
Internet-of-Things (IoT) and Machine to Machine (M2M) networks is expected to
trigger growth in the industry. Network Access Control is being perceived as a
solution proficient of addressing the dynamic enterprise and regulatory
scenario.
The market is anticipated to gain traction in North America
as several vendors are keen on investing in the network access control
solutions. It is perceived to be a highly lucrative business which leads to
several large-scale investments contributing to significant growth in the
region.
Presence of developing countries such as India and China
presents several opportunities for growth in the Asia Pacific region.
Cloud-based social and mobile technologies are being adopted extensively in the
region. Hence, the NAC solutions are expected to gain traction in the Asia Pacific
region.
Online frauds, cyber attacks, and malwares can immensely
affect organizational functioning; hence, web-based businesses are widely
implementing security solutions to manage network security risks to ensure
business continuity.
Governmental organizations and agencies are increasingly
adopting Network Access Control solutions to filter unauthorized device
connections, networks, and users. Regulatory compliance requirements such as
Payment Card Industry Data Security Standard (PCI DSS) and Control Objectives
for Information and Related Technology (COBIT) are driving market growth.
The ever-increasing demand for secure network infrastructure
is anticipated to drive the need for effective NAC solutions to provide
real-time network security. Web-based businesses are experiencing tremendous
growth and it has led to the expansion of e-commerce websites. These websites
demand highly protected infrastructure for carrying out safe and secure
transactions.
The advent of online banking has taken the BFSI vertical by
storm. These institutions constantly demand for high-end technology to help
them combat against hackers and malwares. The NAC industry is expected to
benefit impressively in this vertical. Financial institutions and IT and
telecommunication companies have emphasized on endpoint intelligence and risk
management efforts. These steps are expected to boost industry growth.
Several vendors have focused on adding functionalities such
as pre-connect and post-connect to these controls. Major efforts are being made
in resolving the interoperability issues of NAC. Key players dominating the
network access control ecosystem are Check Point Software Technologies,
Bradford Networks, Aruba Networks, Portnox, Juniper Networks, ForeScout, Cisco,
Sophos, StillSecure, Pulse Secure, and Trustwave.
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Further key findings from the report suggest:
- Software solutions accounted for over 40% of the overall market share in 2014, and are expected to trigger consistent demand over the forecast period. These solutions help in controlling, defining, and implementing secure access policies to network nodes and terminals.
- Projected to grow at an estimated CAGR of over 29% from 2015 to 2022, BFSI vertical is expected to witness healthy growth. Use of NAC products provides secure network infrastructure and ensures business-continuity.
- Asia Pacific regional market is on the brink of high growth throughout the forecast period. It accounted for close to 17% of the overall revenue share in 2014. Increasing adoption of cloud based and mobile technologies is leading to proliferation of Network Access Control.
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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