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European Network Access Control Market revenue to cross $5 Bn by 2028
Published Date: 2022-07-18
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European Network Access Control Market size is estimated to reach USD 5 billion by 2028, according to a latest forecast report by Graphical Research.
The market growth is due to the increasing adoption of IoT devices across various industry verticals. According to the GSMA Intelligence Mobile Economy Report 2022, in 2021, IoT connections exceeded 25 billion and are projected to reach 40 billion by 2025. IoT devices are a target for malicious attackers, disrupting the entire organization’s infrastructure. Network Access Control (NAC) solutions help companies in ensuring scalable protection against compromised IoT devices and secure remote access & visibility across the IoT infrastructure.
The software segment will witness over 35% CAGR during the forecast period. The NAC software helps enterprises to defend the entire network including physical infrastructure and cloud-based systems that are linked together. The increasing emphasis on banishing physical network security appliances is supporting the market demand.
The on-premise deployment model segment held around 45% European network access control market share in 2021. The model consists of deployment over an in-house enterprise network or system infrastructure and provides enterprises more control over network monitoring compared to the cloud. On-premise network monitoring software helps the IT staff to personally configure solutions to meet their exact needs and monitor in real-time.
The rising trend of digital transformation across large enterprises is driving the market growth. The growing demand for NAC in large organizations is due to distinctive enterprise demands, concerning the number of employees and providing access to contractors, visitors & third-party suppliers. NAC solutions & services also help IT teams in large enterprises to keep a close eye on the overall infrastructure and make changes as needed to meet business needs.
Browse detailed statistical insights from the report, “Europe Network Access Control (NAC) Market Forecast 2028 By Organization Size (SMEs, Large Enterprises), By Component (Software, Hardware, Services [Consulting, Integration and Maintenance, Managed Service]), By Deployment Model (On-premise, Cloud), By Application (IT & Telecom, BFSI, Healthcare, Retail, Manufacturing, Government, Education), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Netherlands), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
An increase in web-based applications across the retail sector is predicted to support the market expansion. NAC helps both retail security and customer experience by performing security measures such as monitoring, multi-factor authentication, user authorization, and others. Currently, leading companies operating in the market are focusing on the development of innovative security solutions for retail customers.
France network access control market will surpass USD 700 million by 2028, attributed to the increasing adoption of remote working by companies which has led to a rapid increase in cyberattacks. The remotely working company uses third-party apps & websites to share information and tasks, leading to security threats & vulnerabilities on the network.
The European network access control market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2028 for the following segments:
Europe Market, By Component
- Integration and Maintenance
- Managed Service
Europe Market, By Deployment
Europe Market, By Organization Size
- Large Enterprise
Europe Market, By Application
- IT & Telecom
The above information has been provided for the following countries: