Network Access Control Market Trends

Growth Drivers

Evolution of technology

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.

Rising cases of the data breach and cyber crimes

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. 

Challenges

Huge investment and deployment

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.