Network Access Control Market Expected to Reach $16.2 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Network Access Control Market," The network access control market size was valued at $2.6 billion in 2022, and is estimated to reach $16.2 billion by 2032, growing at a CAGR of 20.6% from 2023 to 2032.

According to a recent report published by Allied Market Research, titled, “Network Access Control Market by Component, Deployment Mode, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2022-2032,” 

Network access control is a significant security approach that is crucial for restricting access to private networks and sensitive resources. It enforces policies on endpoints to ensure that only authorized and compliant users and devices are allowed to enter the network. In addition, by improving cybersecurity and compliance, network access control protects businesses from malware, ransomware, and unauthorized access to sensitive data. These solutions offer total network visibility, instant user profiling, guest networking management, internal access management, and network management. Moreover, the proliferation of devices and users is hard to map and monitor, making complete network visibility challenging. Therefore, network access control solutions solve this issue by mapping every device that connects to a network infrastructure and implementing policies covering every authorized user.

On the basis of deployment type, the global network access control market share was dominated by the on-premise segment in 2022 and is expected to maintain its dominance in the upcoming years, it typically involves hardware and software solutions that authenticate and authorize devices seeking access to the internal network. However, the cloud segment is expected to witness the highest growth. cloud-based network access control solutions often offer advanced analytics and reporting capabilities. This helps in identifying vulnerabilities and strengthening security measures. Furthermore, cloud-based network access control solutions often eliminate the need for substantial on-premises hardware and maintenance costs.

By region, North America dominated the network access control industry share in 2022 for the network access control market. The increasing investment of businesses and government bodies in advanced technologies such as cloud-based services, AI, ML, and IoT to improve businesses and the customer experience are anticipated to propel the growth of the market. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. This is attributed to the increase in penetration of digitalization and higher adoption of advanced technology are expected to provide lucrative growth opportunities for the market in this region.

The COVID-19 outbreak had a major effect on global operations of network access control across various industries. This is attributed to the sudden need to provide employees and customers with safe, secure access and availability to business applications and services that had taken on a new dynamic with some accessing from home and others in corporate offices. There was an increase in IT services and digitalization, which led to an increase in cybercrimes and hacking activities, globally. Therefore, many companies realized the significance of managing networks for remote work. In addition, in some cases, dealing with exponential traffic growth hitting critical internet circuits and VPN gateways, capacity, and bandwidth availability had moved from an operational challenge to a business-critical priority that demanded seamless network access control to gain access to the vital facilities that they were required to monitor. As a result, network access control systems played a crucial role in protecting sensitive data and preventing unauthorized access to corporate networks and information by providing enhanced endpoint security. For instance, in July 2022, Juniper Networks powered its vision and strategy for Cloud Metro, a new category of solutions for service providers, optimized for metro transformation and sustainable business growth. Moreover, employees using their devices to access company networks remotely, ensuring these endpoints were secure became a significant concern. As a result, network access control systems helped in securing endpoints, such as laptops, mobile devices, and other hardware during the pandemic.

Key Findings of the Study

• By component, the solution segment led the network access control industry in terms of revenue in 2022.
• By deployment mode, the public cloud segment accounted for the highest network access control market share in 2022.
• By organization size, the large enterprises segment led the network access control market in terms of revenue in 2022.
• By Industry vertical, the BFSI segment accounted for the highest network access control market forecast in 2022.
• By region, North America generated the highest revenue in 2022.