Network Access Control (NAC) Market Growth Analysis, Outlook by 2021 – Trends, Opportunities and Forecast to 2027
Category: #business  By Rahul Varpe  Date: 2021-08-10
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Network Access Control (NAC) Market Growth Analysis, Outlook by 2021 – Trends, Opportunities and Forecast to 2027

The network access control (NAC) market is set to witness immense growth up t 2027 due to higher awareness regarding cybersecurity across the SMEs, rising number of cyberattacks, and growing adoption of cloud technology across retail sector. NAC or Network access control is the set of tolls, protocols or processes governing access to network connected resources. It keeps the unauthorized users as well as devices out of a private network.

NAC generally works on wireless and wired networks mainly by finding and identifying various devices that are connected and can also access the prevailing system. Besides, organizations who give specific user or devices from outside of the organization occasional access could utilize NAC to make sure that these devices meet the corporate security compliance rules.

Additionally, network access control limits the data that each user can access, and also implements anti-threat applications like antivirus software, firewalls, as well as spyware-detection programs. Network access control is best for agencies and corporations in which the environment of the user could be rigidly controlled.

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The network access control (NAC) market is bifurcated in terms of component, deployment model, organization size, application, and regional landscape.

With respect to component, the market for network access control is classified into service, hardware, and software. In 2020, the hardware segment accounted for 40% of the overall market share and is forecasted to progress at rapid pace over 2021-2027. The growth is attributed to the dependency on on-premise physical NAC appliances across enterprises.

The service segment is further categorized into integration & maintenance, managed service, and consulting. Among these, the consulting service segment is slated to grow at a CAGR of more than 30% over the projected time period. The growing need to understand the network security requirements of the organization from industry experts will drive its adoption.

In terms of application, the overall NAC market is categorized into education, government, manufacturing, retail, healthcare, BFSI, and IT & telecom, and others. In 2020, the retail segment held a market share of over 15% and is expected to showcase a promising growth rate. The anticipated growth is majorly ascribed to the growing adoption of cloud technology across retail sector.

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Meanwhile, the government application segment is likely to witness a respectable CAGR of over 25% through 2027 with rising number of cyberattacks.

From a regional frame of reference, network access control market in Latin America is projected to grow at 30% CAGR over the analysis timeline. This projected growth is due to the heightened awareness regarding cybersecurity across the SMEs in the region.

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Scope and definition
  • 1.2 Methodology & forecast parameters
  • 1.3 COVID-19 impct
    • 1.3.1 North America
    • 1.3.2 Europe
    • 1.3.3 Asia Pacific
    • 1.3.4 Latin America
    • 1.3.5 MEA
  • 1.4 Data Sources
    • 1.4.1 Secondary
      • 1.4.1.1 Paid sources
      • 1.4.1.2 Public sources
    • 1.4.2 Primary

Chapter 2 Executive Summary

  • 2.1 NAC industry 360 degree synopsis, 2016 - 2027
    • 2.1.1 Business trends
    • 2.1.2 Regional trends
    • 2.1.3 Component trends
      • 2.1.3.1 Service trends
    • 2.1.4 Deployment model trends
    • 2.1.5 Organization size trends
    • 2.1.6 Application trends

Chapter 3 NAC Industry Insights

  • 3.1 Introduction
  • 3.2 Industry segmentation
  • 3.3 Impact of COVID-19 outbreak
    • 3.3.1 Impact by region
      • 3.3.1.1 North America
      • 3.3.1.2 Europe
      • 3.3.1.3 Asia Pacific
      • 3.3.1.4 Latin America
      • 3.3.1.5 MEA
    • 3.3.2 Impact by value chain
    • 3.3.3 Impact by competitive landscape
  • 3.4 Technological evolution
  • 3.5 Industry ecosystem analysis
    • 3.5.1 Hardware providers
    • 3.5.2 Software providers
    • 3.5.3 Managed service providers
    • 3.5.4 Cloud platform providers
    • 3.5.5 Regulation authorities
    • 3.5.6 End-users
  • 3.6 NAC architecture
  • 3.7 Technology & innovation landscape
    • 3.7.1 Zero Trust Network (ZTN)
    • 3.7.2 AI and machine learning
    • 3.7.3 Security-as-a-Service
  • 3.8 Regulatory landscape
    • 3.8.1 ISO/IEC 270001
    • 3.8.2 The Gramm-Leach-Bliley Act (GLBA) Act of 1999 (U.S.)
    • 3.8.3 Cybersecurity Law, China
    • 3.8.4 Federal Information Security Management Act (FISMA)
    • 3.8.5 Health Insurance Portability and Accountability Act (HIPAA)
    • 3.8.6 The General Data Protection Regulation (GDPR) (EU)
    • 3.8.7 Directive on Security of Network and Information Systems (NIS Directive) (EU)
    • 3.8.8 The National Institute of Standards and Technology (NIST), U.S.
    • 3.8.9 Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)
  • 3.9 Industry impact forces
    • 3.9.1 Growth drivers
      • 3.9.1.1 Rising popularity of BYOD trend
      • 3.9.1.2 Growing number of cyberattacks
      • 3.9.1.3 Surging adoption of cloud platforms across SMEs
      • 3.9.1.4 Rising proliferation of IoT devices
      • 3.9.1.5 Government regulations regarding the network security
    • 3.9.2 Industry pitfalls & challenges
      • 3.9.2.1 Lack of in-house capabilities across SMEs
      • 3.9.2.2 High initial impelmentation cost
  • 3.10 Porter's analysis
  • 3.11 PESTEL analysis
  • 3.12 Growth potential analysis
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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