The Latin America, Middle East and Africa Network Access Control Market would witness market growth of 29.5% CAGR during the forecast period (2023-2030).
Initiatives for digital transformation, like the Internet of Things, cloud computing, and mobile technology, are being embraced by organizations. Due to the proliferation of devices and the requirement for safe remote access, these technical improvements also present new security issues. Network access control solutions enforce access rules, secure IoT devices, and offer secure remote access to assist enterprises in managing and protecting these digital transformation activities.
Network activities, including linked users, devices, and their access patterns, are visible due to NAC solutions. Healthcare businesses may identify and categorize devices, watch network activity, and enforce access regulations due to this visibility. Recognizing potential security threats and keeping an extensive picture of the network, helps to increase network performance, operational efficiency, and troubleshooting.
Latin American nations have set data protection laws & rules to preserve personal information and encourage privacy. For instance, Mexico has the Ley Federal de Protección de Datos Personales in Posición de los Particulares (LFPDPPP), whereas Brazil has the Lei Geral de Proteço de Dados (LGPD). NAC solutions help businesses comply with these laws by imposing access rules, keeping an eye on network activities, and safeguarding sensitive information. Many businesses are updating their IT infrastructure in Latin America and undergoing digital transformation. This entails embracing IoT devices, using cloud computing, and enhancing remote access capabilities. By authenticating users & devices, enforcing access controls, and giving visibility and control over network traffic, NAC solutions assist enterprises in securing these contemporary IT environments. This enables businesses to adopt and manage NAC systems using MSSPs' knowledge.
The Brazil market dominated the LAMEA Network Access Control Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $342.1 million by 2030. The Argentina market is experiencing a CAGR of 30.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 29.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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