According to the report titled ‘Network Access Control (NAC) Market Size By Component  By Deployment Model (On-premise, Cloud), By Organization Size (SMEs, Large Enterprises), By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global network access control (NAC) market is expected to grow substantially over 2021-2027.
 

As per the findings of the research literature, growing popularity of BYOD trend, increasing frequency of cyberattacks, rising penetration of IoT devices, and implementation of stringent government regulations regarding network security are fostering global network access control (NAC) market growth.
 

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On the contrary, high initial implementation cost and lack of in-house capabilities among SMEs are negatively impacting the business dynamics.
 

For the uninitiated, network access control (NAC) is a set of protocols, tolls, and processes that dictate access to network connected resources. It prevents unauthorized users and devices from accessing a private network. NAC can also limit the data accessible to each user connected to the network and also implements anti-threat applications like firewalls, antivirus software, and spyware detection programs. It is ideal for agencies and corporations that require rigid control on the environment of the user.
 

In terms of component, hardware segment capture 40% of the overall network access control (NAC) industry share in 2020 and is projected to grow at a robust pace, driven by high dependency of enterprises on on-premise physical NAC appliances.
 

Based on service, consulting segment is anticipated to grab 30% industry share over the analysis period, attributable to rising necessity of understanding network security requisites of the organization from experts.
 

With respect to application scope, retail segment held 20% market share in 2020 and is touted to record commendable growth through 2027. This can be ascribed to growing adoption of cloud technology in the retail sector.
 

On the geographical front, Latin America network access control (NAC) market size is set to multiply at a CAGR of 30% over 2021-2027, creditable to high awareness pertaining to cybersecurity among SMEs in the region.
 

Prominent players in the industry are Venustech Group Inc., SolarWinds Inc., Trustwave (Singtel), Pulse Secure LLC, Impulse (Opswat Inc.), Portnox (Access Layers Ltd.), Macmon Secure GmbH, IS Decisions, Juniper Networks Inc., InfoExpress Inc., Genians Inc., Hewlett Packard Enterprises, Fortinet Inc., Extreme Networks, Forescout Technologies Inc., CyberCyte, Cisco Systems Inc., CommScope Inc., and Auconet Inc.