According to the research report titled ‘Network Access Control (NAC) Market Size By Component (Software, Hardware, Services [Consulting, Integration and Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud), By Organization Size (SMEs, Large Enterprises), By Application (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing, Government, Education), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, network access control market (NAC) is anticipated to witness massive growth through 2027.
 

Growing cognizance about cybersecurity across small and middle enterprises, growing number of cyberattacks, and widespread adoption of cloud technology across retail sector are the major growth inducing factors for network access control (NAC) market.

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For the unversed, network access control, also known as NAC, is a system of tolls, protocols, or processes that govern access to networked resources. It prevents unauthorized users and devices from accessing a private network. NAC operates on both wireless and wired networks, primarily by locating and identifying various devices that are connected to the network and may access the current system.

Furthermore, network access control restricts the amount of data that each user has access. Features like integrated anti-threat software such as antivirus software, firewalls, and spyware-detection tools, along with product incorporation in various agencies are further propelling the industry outlook.

Based on component, the hardware segment held 40% market share in 2020 and is anticipated to grow at a rapid rate over 2021-2027, owing to growing reliance of organizations on on-premises physical NAC appliances.

Speaking of service segment of worldwide network access control industry, the consulting segment is poised to record 30% CAGR over the analysis timeframe, owing to increasing demand for industry specialists to comprehend the organization's network security requirements.

In terms of application, the retail segment accounted for 15% market share in 2020 and is slated to showcase substantial returns by the year 2027, due to soaring adoption of cloud technology across retail vertical.

The government application segment is predicted to witness a strong CAGR of 25% through 2027, because of rising number of cyberattacks.

From the regional point of view, Latin America industry is projected to record 30% CAGR over the forecast duration, owing to rising knowledge about cybersecurity across SMEs.

The key players in worldwide network access control marketplace are Venustech Group, Inc., Trustwave Holdings, SolarWinds, Inc., Pulse Secure, Portnox (Access Layers Ltd.), OPSWAT, Inc., macmon secure GmbH, Juniper Networks, Inc., IS Decisions, InfoExpress, Hewlett Packard Enterprise Company, GENIANS, Inc., Fortinet, Inc., Forescout Technologies, Inc., Extreme Networks, Inc., CyberCyte, CommScope, Inc., Cisco Systems, Inc., and Auconet, Inc.