According to Frost & Sullivan’s current report, a sudden increase in the adoption of the Internet of Things (IoT), Operation technology(OT), Information technology, and client’s switch to the cloud at a quick speed are dominating the NAC market.
By 2024, it is assumed that the sector would grow by two-thirds. From $1.35 billion to $2.21 billion at a compound annual growth rate (CAGR) of 10.4%. By a 60.2% business share, North America will remain to be the most extensive market for Network Access Control (NAC) till 2024.
In 2020 COVID-19 crisis will cause a drastic slowness but in the coming year, Network Access Control (NAC) market in the normal state could achieve a double-digit progress rate.
Tony Massimini, Senior Industry Analyst at Frost & Sullivan stated that to assist clients at the period of work from home their security vendors are operating jointly with their clients. They are focused on guaranteeing their customers’ business flow, and the crisis has stressed the importance of cloud services in producing and extending security solutions to distant devices. But, the cloud environment requires security equally as well. Owning a remote workforce emphasizes the necessity to leverage NAC. Big cybersecurity vendors with widespread product portfolios will desire to add this solution as well.
As per the company, vendors should workout on new ways to improve cloud security by jointly working with Google Cloud, Microsoft Azure, AWS, and other tech vendors to concentrate on practical tools and NAC as Software-as-a-Service (SaaS).
NAC vendors’ progress to operate exceeding the old IT margin and change in other technologies would raise increase possibilities by:
- NAC incorporated to OT with the purpose of delivering better security tools
- Concentrating on virtual appliances and SaaS for clients’ immediate switch to public and private clouds.
Instrumentalizing the idea of zero trust networking (ZTN) the never believe, always check policy hence security vendors, including NAC, can boost their abilities through a combination of their product portfolios.
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