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Network Access Control Market: What Will Be The Future Growth Opportunities?

Author : Ronak Bora | Published Date : 2019-06-07 

Global Market Insights, Inc. has added a new report on network access control market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.

Hardware, software, and services are the major components of the network access control market. The hardware component reports information to central console which in turn can enforce the policy. The deployment of hardware products has limited risks and hence, they hold the majority share in NAC market. The software products enforce pre-admission and post-admission policies on the end-stations to provide them access to the network.

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The key restraints in network access control market are high capital requirement and the need for appropriate administrative policies. The other challenges associated with network access control deployment are time delay during the phased-out approach and full lockdown during the accelerated approach. Furthermore, the lack of complete control to identify user access & guest access affects the market.

The major vendors in network access control market are Key Innovator, Portnox, Pulse Secure, LLC., Auconet, Avaya, Bradford Networks, Hewlett Packard Enterprise Development LP, Impulse Point, Cisco Systems, Extreme Networks, and ForeScout Technologies. The companies operating in the market space focus on forming partnerships to gain a competitive edge over their competitors.

Network Access Control Market is driven by the increasing malware attacks on enterprises. The evolving hacking strategies and antiquated security technologies across various business enterprises and government agencies have attributed to the rise in malware attacks. Furthermore, emerging technology trends, such as bring your own devices (BYOD), have further fostered the growth of NAC market. The widespread adoption of mobile devices along with faster data transfer speeds and advancements in mobile security platforms have facilitated the adoption of BYOD platforms.

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NAC systems have been used in various industry verticals including financial services, government, manufacturing, telecommunication, IT, healthcare, businesses, insurance, entertainment, media, retail, and transportation sectors. Financial service is estimated to account for the majority share in network access control market due to the increasing adoption of NAC solutions across banks, insurance, and other financial institutes to control security and access control from a centralized location. Furthermore, the system also offers high scalability, flexibility, and local intelligence to protect against communication failures.

North America region holds the largest market share in the network access control market. This is attributed to the early adoption of smartphones and IoT technologies. The growing use of IoT in manufacturing and retail coupled with the burgeoning connected car market has driven the demand for endpoint security technologies using NAC platforms. Asia Pacific and Latin America regions are estimated to grow substantially during the forecast period due to the increasing adoption of cloud-based technologies and social media platforms in developing countries including India, Brazil, and China.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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