The Asia Pacific Network Access Control Market would witness market growth of 26.4% CAGR during the forecast period (2023-2030).
Private networks are safeguarded from malware by network access control (NAC), which also plugs up network security holes. Network access control also recognizes persons, devices, and network roles. Furthermore, it may be linked with the current security systems to boost network security and effectiveness. The issues mentioned above make ensuring the safety & security of organizational networks more important. The demand is anticipated to be primarily driven by these factors throughout the projected period.
The increasing technological developments in network access control solutions enable users to isolate & quarantine crucial devices from the network while assisting users in identifying unusual activity and suspicious network breaches. As a result, it aids in defending consumers against potential harm, which is the main cause anticipated to fuel demand. Web applications, IoT gadgets, and industrial software are becoming increasingly popular across industries like BFSI, IT, government, and telecommunication, and they include highly private data about clients, suppliers, and workers.
The mobile workforce in APAC is sizable, and BYOD rules are widely used. This poses security issues since businesses must protect network access for an array of devices that are owned by both the company and its employees. Only authorized users and devices can access corporate resources and networks due to the mechanisms provided by NAC systems for authentication and access control. The APAC region's governments are taking action to strengthen cybersecurity and safeguard critical infrastructure. They are implementing laws requiring businesses to improve their security posture and promote cybersecurity best practices. Increased acceptance of NAC solutions as a component of an all-encompassing cybersecurity strategy is the result of these activities.
The China market dominated the Asia Pacific Network Access Control Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,121.6 million by 2030. The Japan market is estimated to grow at a CAGR of 25.6% during (2023 - 2030). Additionally, The India market would witness a CAGR of 27.1% during (2023 - 2030).
Based on Deployment, the market is segmented into Cloud, and On-premise. Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & Telecommunication, Retail, Education, Healthcare & Dental, Energy & Utilities, Manufacturing, Government, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Network Access Control Market is Projected to reach USD 14 Billion by 2030, at a CAGR of 25.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), IBM Corporation, Broadcom, Inc., VMware, Inc., Hewlett Packard Enterprise Company, Microsoft Corporation, Juniper Networks, Inc., Sophos Group PLC (Thoma Bravo) and Fortinet, Inc.
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