Asia Pacific Network Access Control Market size crossed USD 450 million in 2021 and is projected to showcase around 40% growth rate between 2022 and 2028.
The market growth is owing to the rising adoption of cloud platforms across SMEs due to substantial digitization across industries and encouraging government initiatives. SMEs are majorly dependent on cost-effective and scalable networking solutions that can be deployed over their network infrastructures and cloud platforms to ensure cost-effectiveness and the required performance of the networking infrastructure.
Asia Pacific Market, By Component
The software segment held over 30% NAC market share in 2021, due to the rising adoption of virtual network security solutions among enterprises. Enterprises in Asia Pacific are shifting toward software-based networks to effectively manage enterprise network security risks.
Asia Pacific Market, By Deployment Model
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The on-premise deployment model segment will grow at 39% CAGR during the forecast period. The on-premise deployment of NAC consists of deployment over an in-house enterprise network or system infrastructure. This provides customization as per the enterprise infrastructure and business requirements.
Asia Pacific Market, By Organization Size
The rising trend of digital transformation across large enterprises is driving the industry growth. The growing demand for NAC in large organizations is due to distinctive enterprise demands with reference to the number of employees and providing access to contractors, visitors & third-party suppliers.
Asia Pacific Market, By Country
The India network access control market size will cross USD 1 billion by 2028, attributed to rise in cyberattacks. NAC solutions identify the weak endpoints in enterprises and secure them from cyberattacks, thus reducing the scope of attacks.
Asia Pacific Market, By Application
Banks and financial institutions are engaging digitally to deliver their services, thus fueling the demand for NAC solutions in the BFSI sector. In addition, growing online transactions have led to a rapid rise in identity thefts, insurance claim frauds, and data thefts. These factors are predicted to support the adoption of network access control to strengthen anti-fraud strategies.
Competitive Industry Landscape
Major players involved in the Asia Pacific network access control market are Cisco Systems, Inc., CommScope, Inc., Extreme Networks, Fortinet, Genians, Inc., Hewlett Packard Enterprise, Juniper Networks, Inc., OPSWAT, Inc., Portnox, SolarWinds Worldwide, LLC, Trustwave Holdings, Inc., and Venustech Group, Inc. Some of the leading companies are focusing on partnerships to expand their presence in new markets.