Opportunities in the Network Access Control Market: A Comprehensive Overview || Cisco Systems Inc., SAP SE, Hewlett Packard Enterprises Co., Vmware Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Network Access Control Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The network access control market size has grown exponentially in recent years. It will grow from $3.49 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 29.5%. The growth in the historic period can be attributed to rising cybersecurity threats, regulatory compliance requirements, bring your own device (byod) trends, protection against insider threats, increasing connectivity and network complexity..

The network access control market size is expected to see exponential growth in the next few years. It will grow to $12.6 billion in 2028 at a compound annual growth rate (CAGR) of 29.2%. The growth in the forecast period can be attributed to remote workforce management, integration with zero trust architecture, advanced threat detection, focus on cloud security.. Major trends in the forecast period include integration with identity and access management (iam), application of network segmentation strategies, use of behavioral analytics in nac, collaboration with threat intelligence platforms, growing importance of remote nac for telecommuting..

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Key Market Players:

Cisco Systems Inc., SAP SE, Hewlett Packard Enterprises Co., Vmware Inc., CommScope Inc., Juniper Networks Inc., Fortinet Inc., Venustech Group Inc., Avaya Inc., Belden Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Solarwinds Inc., Ivanti Software Inc., Advent International LP, Trustwave Holdings Inc., OPSWAT Inc., Sophos Inc., Genians Inc., Beta Systems Software AG, Portnox, Nevis Networks Inc., InfoExpress Inc., IS Decisions, CyberCyte Ltd., Nellsoft GmbH are prominent players in the industry.

Market Drivers:

The growth in privacy and security concerns is expected to propel the growth of the network access control market going forward. Privacy and security concerns include both the protection of sensitive information and the protection of data and systems from unwanted access, exploitation, or breaches. Network access control provides a complete framework for enforcing regulations, authenticating people and devices, and monitoring network activity to prevent unwanted access and possible violations. For Instance, in May 2022, according to a report published by HISCOX, a Bermuda-based insurance company, the average cyber security spending per company is up 60% in 2021 to $5.3 million. Further, the overall frequency of cyber-attacks grew by 12% yearly, with 48% of organizations reporting a cyber assault in the past 12 months, up from 43% in 2021. Therefore, the growth in privacy and security concerns will drive the network access control market.

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Market Segments Include:
1) By Component: Network Access Control Appliances, Network Access Control Software, Service
2) By Deployment Model: On-Premises, Cloud-Based
3) By Enterprise Size: Small And Mid-Sized Enterprises (SMEs), Large Enterprises
4) By Industry: Information Technology (IT) And Telecom, Banking Finance And Insurance (BFSI), Healthcare, Retail, Manufacturing, Government, Education, Other Industries

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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