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Network Access Control Market (NAC) Market Size is Projected to Grow USD 3,631.92 Million by 2025 | Valuates Reports
NAC has become an important part of the security value chain as it mitigates and handles the risks to organizations and their network environment.
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NAC software is commonly used in the sectors of BFSI and Government. Increased emphasis in these sectors on web-based business services is anticipated to fuel the Network Access Control Market size. Government agencies have stringent security standards and invest in Network Access Control technologies to detect unauthorized networks and computer connexions.
Other factors contributing to Network Access Control Market size growth include the increasing trend of bringing your device (BYOD), the internet of things (IoT), cloud-based services, and machine to machine networks. The number and complexity of endpoint devices are increasing exponentially. Network access control is built into security systems to enhance the effectiveness of NAC and Network perimeter defenses.
The Zero Trust Network (ZTN) is one idea that is gaining traction. Centered on the fundamental concept of never trust, always verify, ZTN is a general approach for leveraging various security technologies to allow enforcement of perimeters and strict access controls. NAC is ZTN 's fundamental technology. To achieve a ZTN, NAC orchestrates and incorporates a number of network and safety infrastructures. This increasing adoption of ZTN is expected to drive the Network Access Control Market size.
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North America is expected to hold the largest Network Access Control Market share during the forecast period. Resolving network security issues by offering customers integrated software and hardware solutions has boosted the region's growth.
The Asia Pacific is expected to witness the highest growth rate during the forecast period. This rapid growth is attributed to the increasing adoption of mobile, social, and cloud technologies.
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The Global Network Security Software Market is expected to grow from USD 12,243.45 Million in 2019 to USD 24,011.87 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.88%.
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The global Cloud Network Security Software market size is projected to reach USD 3713 Million by 2026, from USD 3008.3 Million in 2020, at a CAGR of 22.3% during 2021-2026.
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