September 17, 2019 by Amanpreet
Fact.MR, in its new research study, unveils that network access market reached a valuation of ~ US$ 953 Mn in 2018. According to the report, the continuous evolution of information security parameters is likely to warrant new opportunities for companies active in the network access control market. With the parade of technological advances, growth in new security solutions for data protection against malicious attacks is imminent, and is likely to unfold in various fronts. Network access control (NAC) has come a long way and a cohort of leading companies have come up with solutions to further underpin its evolution over these many years.
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The culture of Bring Your Own Device, or commonly referred to as ‘BYOD’, has been long instilled across workplaces to encourage employee flexibility. With this culture of BYOD in place, companies are able to boost the ‘agility factor’ of their operational bases, which, in turn, helps them achieve long-term goals. However, a myriad of security considerations has flared up in line with the widespread adoption of BYOD culture, which has pushed the demand for network access control by a wide margin. Connected devices increasingly serve as threat vectors for attackers for intruding into an enterprise’s network, which makes it imperative for the organizations to consider the deployment of network access control solutions. For an enterprise with BYOD culture, the idea of investments in NAC solutions is not only about device security but also high-end protection of other technologies emplaced within the ecosystem.
According to the Fact.MR analysis, rapid proliferation of IoT is also providing the impetus to the market growth through 2027. Considering the digital makeover of the modern-day businesses, IoT devices that are ‘compromised’ can take a toll on the financial and reputations fronts of an enterprise. In order to counteract the same, enterprises seek automated and integrated security frameworks to secure network access, implement coordinated responses post threat detection, and oversee traffic & behavior.
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