Network Access Control Market Expected to Witness High Growth Owing to Increasing Adoption for Securing Enterprise and Public Networks
SWOT Analysis
Strength: Network Access Control provides centralized authentication and authorization for all devices accessing the network infrastructure. It allows network administrators to enforce granular access policies across devices and applications. NAC solutions also offer visibility into all network users and assets for improved security and compliance.
Weakness: High initial investment cost associated with the deployment of NAC solutions can be challenging for small and medium enterprises. Further, the integration of NAC solutions with existing security infrastructure is complex and time consuming.
Opportunity: Growing adoption of cloud-based NAC solutions owing to the benefits such as scalability, cost-effectiveness and ease of access from any location. Furthermore, increasing instances of cyberattacks is prompting organizations to strengthen their network security infrastructure using advanced NAC solutions.
Threats: Availability of open-source and free network security tools poses a threat to established NAC vendors. Additionally, lack of awareness about NAC technology and its capabilities among some organizations restricts its adoption.
Key Takeaways
Global Network Access Control Market Size is expected to witness high growth, exhibiting CAGR of 8.2% over the forecast period, due to increasing need for visibility and security across complex heterogeneous networks. robust growth in mergers and acquisitions among leading vendors is further expanding the market scope for NAC solutions.
North America dominates the global NAC market, owing to stringent data security compliances and early adoption of advanced networking technologies. Asia Pacific region is anticipated to grow at the fastest pace during the forecast period, due to the growing concerns around zero-trust network security and substantial investments by enterprises in this region towards digital transformation.
Key players operating in the Network Access Control market are Auconet, Inc., Avaya, Inc., Bradford Networks, Cisco Systems, Inc., Extreme Networks, Inc., Forescout Technologies, Inc., Hewlett Packard Enterprise Development LP, Impulse Point, Key Innovator, Portnox, and Pulse Secure, LLC. Key players are focusing on new product development and strategic collaborations with VARs and solution providers to strengthen their market position.
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