Network Access Control (NAC) Market Is Expected To Grow Rapidly Owing To Huge Usage Of Internet-of-Things (IoT) & Machine to Machine (M2M) Networks Till 2022: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting. has announced the addition of “Global Network Access Control (NAC) Market Analysis And Segment Forecasts To 2022” Market Research report to their Database.

The network access control market is estimated to attain revenue totaling USD 4.39 billion by 2022. It had a prior market value of USD 551.6 million in 2014. Advances in technology and demand for risk mitigating solution have created a market for network access control solutions. Rise on dependence of Machine to Machine (M2M) and Internet of Things (IoT) can spur market growth.

The BYOD (Bring Your Own Devices) trend is imperative in bringing network access solutions to the forefront. These solutions are adopted by corporations to defend against malware and hackers. They have wide applications in government and BFSI (banking financial services and insurance) sectors.

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IT enterprises and other SMEs (small and medium enterprises) are in constant need to assess their risks. This is expected to spur market demand over the forecast period (2015-2022).

The network access control market is divided into software and hardware type. Hardware accumulated 58% market revenue in 2014. It encompasses solutions which ensure security between network connections. These solutions include Network Access Servers (NAS), gateway routers and 2-step authentication to provide access to the user. Software solutions had a 40% revenue share in 2014 and expect to increase their share to 45% by 2022. These solutions control and implement access policies at network terminals. This segment will exhibit constant growth on account of the rise of cyberattacks.

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Services offered by the market are segmented into training, integration, professional services, and support & maintenance. Integration had 47% market share in 2014. It is estimated to lead the services segment till 2022. These solutions provide services like intrusion prevention, videoconferencing, and content catching. Training and support & maintenance are expected a significant growth rate due to constant need for skilled experts in troubleshooting and installing data, voice, and video networks.

Healthcare, government, BFSI, academia, manufacturing, and IT and telecommunications encompass as end-users of the market. BFSI will dominate the end-user sector till 2022. Need for secure online transactions by banks and other financial institutions will result in high market demand from this vertical. It has a projected CAGR of over 29% over the next 7 years.

Notable participants of the network access control market are Cisco, Aruba Networks, Portnox, ForeScout, and Trustwave.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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