Network Access Control Market Anticipated To Register A Positive CAGR Of 22% In The Forecast Period 2022-2032

Technology

Fact.MR expects the global network access control market to reach US$ 15.37 Bn by the end of the 2022-2032 forecast period, registering a value CAGR of over 22%. Extensive reliance on virtual platforms by key industry verticals and the resultant vulnerability to cybersecurity threats has heightened uptake in recent years.

From 2017 to 2021, the network access control industry registered stellar uptake, registering a CAGR worth 19%. Prospects further heightened during the COVID-19 pandemic, as entities looking to leverage personal and corporate data for malicious purposes spawned tremendously. This was an outcome of increased amounts of time spent on the virtual landscape, in the wake of stringent lockdowns.

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Key Market Segments in Network Access Control Industry Research

  • Component Type

    • Network Access Control Hardware
    • Network Access Control Software
    • Network Access Control Services
  • Deployment Type

    • On-Premises Network Access Control
    • Cloud-based Network Access Control
  • Buyer Type

    • Network Access Control for Large Enterprises
    • Network Access Control for Small and Medium Enterprises
  • Vertical

    • Network Access Control for Banking and Financial Services
    • Network Access Control for Healthcare & Life Sciences
    • Network Access Control for Government
    • Network Access Control for Education
    • Network Access Control for IT & Telecom
    • Network Access Control for Other Verticals

Competitive Landscape

The competitive landscape of the network access control market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.

  • In March 2020, Portnox announced the release of its Zero-Trust Remote Access-as-a-Service solution. Purpose-built to be layered over enterprise VPNs or virtual desktop infrastructure (VDI), the new cloud-delivered solution strengthens the security of remote access through VPN or VDI. The new solution helped the company to increase the remote access security for scaled-up remote users during the COVID-19 pandemic.
  • In November 2021, Cisco Canada and STEM Fellowship announced the launch of Canada’s widest-reaching cybersecurity education program for high school students – the Cybersecurity Classroom Training Program (CCTP). The CCTP addresses the growing need for cybersecurity awareness and education and provides early exposure to the various tools, technologies, and career paths available in the IT and digital industries.

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