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.

Network Access Control Market: Key Insights

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.

Base Year	2024
Forecast Year	2025-2037
CAGR	27.4%
Base Year Market Size (2024)	USD 4.06 billion
Forecast Year Market Size (2037)	USD 94.56 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of network access control is evaluated at USD 5.01 billion.

Network Access Control Market size was over USD 4.06 billion in 2024 and is poised to exceed USD 94.56 billion by 2037, witnessing over 27.4% CAGR during the forecast period i.e., between 2025-2037.

North America industry is poised to account for largest revenue share by 2037, impelled by technological maturity, a growing rate of cybercrimes, data breaching, and massive growth of the industrial sector in the region.

The major players in the market are Forescout Technologies, Inc., Aruba Networks, Fortinet, Inc., Check Point Software Technologies Ltd., Cisco Systems, Inc., Juniper Networks, Inc., Portnox, Pulse Secure, LLC., Sophos Group plc, Trustwave Holdings, Inc., and others.

Network Access Control Market Trends