Network Access Control Market Potential Opportunity in Advance Business Strategy 2021-2027

Network access control (NAC) is an advanced security solution that provides security against unauthorized endpoint devices including laptops, smartphones, printers and others. Network access control (NAC) protects private networks from malicious software (malware) and secures network vulnerabilities. Furthermore, network access control recognizes users with their devices and their role in the network. Moreover, to increase network security and efficiency it can be integrated with the existing security platforms.

According to the International Monetary Fund Analysis, the global economy is expected to shrink by 3% in 2020 compared to 2019. Companies across the globe are struggling to sustain their businesses. Companies have started providing work from home option to employees. Network access control helps companies implement policies for controlling devices and user access to their networks. Network access control helps set policies for role, device, resource and location-based access and enforce security compliance. Hence, remote working trend is expected to fuel demand of Network access control solutions over the forecast period. However, implementation of network access solutions is money and time consuming. For instance, according to the Coherent Market Insights analysis, NAC solution requires 2-5 months implementation period after deployment of the solution. Thus, to reduce the financial strain some companies are likely to postpone its installation.

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Who are the key players operating in the global Network Access Control market?
Key players operating in the global network access control market are Auconet, Inc., Avaya, Inc., Bradford Networks, Cisco Systems, Inc., Extreme Networks, Inc., Forescout Technologies, Inc., Hewlett Packard Enterprise Development LP, Impulse Point, Key Innovator, Portnox, and Pulse Secure, LLC.

What is the expected compound annual growth rate (CAGR) of the Network Access Control market during the forecast period (2020-2027)?
The market is expected to witness CAGR of 8.2% during the forecast period (2020-2027).

Which region held the largest market share in the global network access control market?
North America region held the largest share in the global network access control market in 2019, accounting for 43.7% share in terms of value.

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