Network Access Control Market to Reach $17.14 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, June 28, 2023 /PRNewswire/ -- The global network access control market size is estimated to reach USD 17.14 billion by 2030, growing at a CAGR of 27.2% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The growth can be attributed to the growing industry trends such as Bring Your Own Devices (BYOD) and remote and hybrid work cultures increasing the use of personal devices accessing private networks of organizations. Ensuring the safety and security of organizational networks is becoming highly important due to the above-underlined factors. Further, the rising use of technology devices in various industries such as IT & telecom, BFSI, Government, and healthcare makes these industries vulnerable to cyberattacks. These are the key factors expected to drive the demand for network access control during the forecast period.

Key Industry Insights & Findings from the report:

• The services segment is expected to register a CAGR of 30.3% from 2023 to 2030. Network access control services can be termed as deployment, maintenance, subscription support and installations, presale and post-sale services, and others. The growing demand for network access control hardware and software solutions is expected to support the segment's growth.
• The cloud segment is expected to grow at a CAGR of 28.5% from 2023 to 2030. The cloud-based network access control solutions offer higher flexibility to organizations regarding features, pricing, and duration of purchased subscription plans. Thus, it offers cost-effectiveness and scalability to organizations.
• The SMEs segment is expected to grow at a CAGR of 27.8% from 2023 to 2030. The cybersecurity threat among small & medium enterprises is rising significantly due to the need for more infrastructure capabilities and awareness. The rising technology advancements in network access control offer SMEs cost-effective and flexible solutions for ensuring network safety within the organization.
• The IT and Telecommunication segment is expected to grow at a CAGR of 30.3% from 2023 to 2030. The demand for network access control in the IT and telecommunications sector is rising due to the availability of highly confidential data, constant exposure to large networks, and the rising use of IoT devices. The IT and telecommunications sector needs to follow a high level of regulatory and compliance policies to offer access to the private networks of organizations. These are the key factors driving the demand for network access control in the following segment.
• The Asia Pacific segment is expected to grow at a CAGR of 30.0% from 2023 to 2030. The key factors driving the demand for network access control demand in the Asia Pacific market are the rising application of connected devices, the large customer base, and the extensive use of unsecured platforms to access organizations' networks and devices in various end-use industries such as IT and telecommunication, BFSI, manufacturing, and others are the key factors expected to drive the regional market growth.
• Key players are taking various strategic initiatives such as partnerships, mergers, acquisitions, and new product launches to strengthen their present offerings and expand their footprints in the market. For instance, in April 2023, VM ware announced a strategic partnership with Lookout, Inc. an end-point cloud security solutions provider, to offer customers a reliable and secure access service edge solution that delivers superior data protection and network connectivity across different locations and devices.

Read full market research report with ToC, "Network Access Control Market Size, Share & Trends Analysis Report By Type, By Enterprise Size, By Deployment, By Vertical, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Network Access Control Market Growth & Trends

The recent trends, such as hybrid and remote work cultures and BYOD to campus have been actively adopted by industries after the recent COVID-19 outbreak, leading to an exponential surge in the number of personal devices connecting to the private networks of organizations. These factors have increased the security risks among organizations and their resources. Thus, the demand for advanced network access control solutions is required to ensure visibility, security positioning, compliance capabilities, and access control to support the organization's network security infrastructure. All these factors are expected to fuel the growth of the network access control industry over the forecast period.

The rising use of advanced technology devices such as IoT and AI in industries such as BFSI, manufacturing, healthcare, and others is serving as an additional entry point for attackers to enter the private networks of organizations. Check-in kiosks, Security cameras, and organizational sensors are examples of these IoT devices. Further, these IoT devices may go into sleep mode or remain unmonitored for extended periods. Network access control helps reduce these risks by enabling defined profiling, access policies, and robust authentication approaches to ensure secure access across organizational networks and connected devices. These are the key factors expected to drive the network access control demand in the market during the forecast period.

Network Access Control Market Report Scope

Network Access Control Market Segmentation  

Grand View Research has segmented the global network access control market based on type, deployment, enterprise size, vertical, and region: 

Network Access Control Market - Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Hardware
• Software
• Services

Network Access Control Market - Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premise
• Cloud

Network Access Control Market - Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprise
• Small & Medium Enterprises

Network Access Control Market - Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• IT and Telecom
• Retail & E-commerce
• Healthcare and Life Sciences
• Manufacturing
• Government & Defense
• Education
• Manufacturing
• Others

Network Access Control Market - Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• U.A.E
• Saudi Arabia
• South Africa

List of Key Players in the Network Access Control Market

• Cisco
• SAP Access Control
• Sophos
• Fortinet
• Huawei
• Extreme Networks
• Check Point Software Technology
• Microsoft Corporation
• Hewlett Packard Enterprises (HPE)
• Juniper Networks, Inc.
• IBM Corporation
• Broadcom, Inc.
• ManageEngine
• VMware
• Forescout Technologies
• Aruba ClearPass

Check out more market research studies published by Grand View Research:

• Enterprise Networking Market - The global enterprise networking market size is expected to reach USD 298.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2023 to 2030. As businesses undergo digital transformation, the demand for agile and flexible networking solutions has increased. Traditional networking models may need help to meet modern businesses' dynamic and evolving needs, which require fast and efficient communication between multiple devices, locations, and cloud services. In addition, the need for increased wireless capacity has become a critical issue for many enterprises, particularly with the rise of remote work and mobile devices. It has led to increased investment in upgrading wireless networks and improving connectivity, expected to drive enterprise networking demand over the forecast period.
• 5G Indoor Network Infrastructure Market - The global 5G indoor network infrastructure market size is expected to reach USD 87.79 billion by 2030, growing at a CAGR of 40.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the factors, such as enhanced connectivity indoors and the growing adoption of 5G in applications, such as data centers, manufacturing, healthcare, and real estate, among others. The high speed and low latency provided by 5G indoor network infrastructure indoors are expected to drive the market's growth over the forecast period. Countries across the world are rapidly adopting 5G technologies for enhanced connectivity. Countries, such as China, the U.S., Japan, South Korea, the UK, Italy, and Spain, are deploying 5G to keep pace with the growing digitization.
• Software-defined Wide Area Network Market - The global software-defined wide area network market size is expected to reach USD 30.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.9% from 2022 to 2030. The growth of the software-defined wide area network (SD-WAN) market can be attributed to factors such as enhanced network across multiple geographies, lesser costs, higher productivity, and better compatibility with software-as-a-service (SaaS) model subscriptions and cloud-based applications. Moreover, with the growing digitalization of businesses, the need for better connectivity is expected to increase, which bodes well for the market's growth.

Browse through Grand View Research's  Next Generation Technologies Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg