Europe Network Access Control Market size surpassed USD 500 million in 2021 and is anticipated to expand at a CAGR of 35% from 2022 to 2028.
The market growth is due to the rising adoption of work from home, BYOD, and other flexible workplace policies by companies to increase their workplace productivity. According to the UK government’s Cybersecurity Breaches Survey 2022, as of March 2022, approximately 55% of the employees from corporate enterprises and 66% across non-profit organizations adopted the BYOD trend.
Europe Market, By Component
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The hardware segment dominated over 45% NAC market share in 2021, owing to the increasing use of hardware-based Network Access Control (NAC) systems among various end-user industries. A hardware-based NAC operates with the help of an appliance that is preinstalled on the network.
Europe Market, By Deployment Model
The cloud deployment model segment will grow at a significant CAGR during the forecast period, attributed to its rising popularity. Cloud deployment enhances the security of resources and provides flexibility & easy deployment features. Major companies in the industry are forming strategic partnerships to build and launch cloud solutions for IoT devices.
Europe Market, By Country
The UK network access control market will reach USD 1 billion revenue by 2028. The COVID-19 pandemic prompted businesses in the UK to move their operations online to effectively serve their customers. This has led to a rapid rise in cyberattacks and data breach incidents in the UK. These increasing cyberattacks are propelling the need for NAC solutions that help in prohibiting cyberattacks on businesses by supervising the identities of devices on the network with user authentication.
Europe Market, By Organization Size
The adoption of cloud-based NAC solutions among Small & Medium-sized Enterprises (SMEs) is expected to grow at a very high rate. Cloud-based NAC solutions help SMEs in reducing infrastructure complexities and increasing scalability. Prominent vendors in the market are launching innovative solutions to increase their revenue share and achieve a competitive edge over their competitors.
Europe Market, By Application
The IT & telecom industry integrates various endpoint devices to access enterprise network architecture. The increasing need to secure enterprise network resources is driving the growth of NAC solutions across the IT & telecom segment. Leading telecom companies in the market are forming strategic partnerships with IT solution providers to offer an enhanced user experience to their consumers and automate their networks.
Competitive Industry Landscape
Prominent participants operating across the Europe network access control market are Auconet, Inc., Cisco Systems, Inc., CommScope, Inc., Extreme Networks, Fortinet, Juniper Networks, Inc., Macmon Secure GmbH, Portnox, SolarWinds Worldwide, LLC, Trustwave Holdings, Inc., and Venustech Group, Inc.