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Blockchain Press Releases

Network Access Control Market to Reach $17.14 Billion by 2030: Grand View Research, Inc.

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SAN FRANCISCO, June 28, 2023 /PRNewswire/ — The global network access control market size is estimated to reach USD 17.14 billion by 2030, growing at a CAGR of 27.2% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The growth can be attributed to the growing industry trends such as Bring Your Own Devices (BYOD) and remote and hybrid work cultures increasing the use of personal devices accessing private networks of organizations. Ensuring the safety and security of organizational networks is becoming highly important due to the above-underlined factors. Further, the rising use of technology devices in various industries such as IT & telecom, BFSI, Government, and healthcare makes these industries vulnerable to cyberattacks. These are the key factors expected to drive the demand for network access control during the forecast period.

Key Industry Insights & Findings from the report:

  • The services segment is expected to register a CAGR of 30.3% from 2023 to 2030. Network access control services can be termed as deployment, maintenance, subscription support and installations, presale and post-sale services, and others. The growing demand for network access control hardware and software solutions is expected to support the segment’s growth.
  • The cloud segment is expected to grow at a CAGR of 28.5% from 2023 to 2030. The cloud-based network access control solutions offer higher flexibility to organizations regarding features, pricing, and duration of purchased subscription plans. Thus, it offers cost-effectiveness and scalability to organizations.
  • The SMEs segment is expected to grow at a CAGR of 27.8% from 2023 to 2030. The cybersecurity threat among small & medium enterprises is rising significantly due to the need for more infrastructure capabilities and awareness. The rising technology advancements in network access control offer SMEs cost-effective and flexible solutions for ensuring network safety within the organization.
  • The IT and Telecommunication segment is expected to grow at a CAGR of 30.3% from 2023 to 2030. The demand for network access control in the IT and telecommunications sector is rising due to the availability of highly confidential data, constant exposure to large networks, and the rising use of IoT devices. The IT and telecommunications sector needs to follow a high level of regulatory and compliance policies to offer access to the private networks of organizations. These are the key factors driving the demand for network access control in the following segment.
  • The Asia Pacific segment is expected to grow at a CAGR of 30.0% from 2023 to 2030. The key factors driving the demand for network access control demand in the Asia Pacific market are the rising application of connected devices, the large customer base, and the extensive use of unsecured platforms to access organizations’ networks and devices in various end-use industries such as IT and telecommunication, BFSI, manufacturing, and others are the key factors expected to drive the regional market growth.
  • Key players are taking various strategic initiatives such as partnerships, mergers, acquisitions, and new product launches to strengthen their present offerings and expand their footprints in the market. For instance, in April 2023, VM ware announced a strategic partnership with Lookout, Inc. an end-point cloud security solutions provider, to offer customers a reliable and secure access service edge solution that delivers superior data protection and network connectivity across different locations and devices.

Read full market research report with ToC, “Network Access Control Market Size, Share & Trends Analysis Report By Type, By Enterprise Size, By Deployment, By Vertical, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Network Access Control Market Growth & Trends

The recent trends, such as hybrid and remote work cultures and BYOD to campus have been actively adopted by industries after the recent COVID-19 outbreak, leading to an exponential surge in the number of personal devices connecting to the private networks of organizations. These factors have increased the security risks among organizations and their resources. Thus, the demand for advanced network access control solutions is required to ensure visibility, security positioning, compliance capabilities, and access control to support the organization’s network security infrastructure. All these factors are expected to fuel the growth of the network access control industry over the forecast period.

The rising use of advanced technology devices such as IoT and AI in industries such as BFSI, manufacturing, healthcare, and others is serving as an additional entry point for attackers to enter the private networks of organizations. Check-in kiosks, Security cameras, and organizational sensors are examples of these IoT devices. Further, these IoT devices may go into sleep mode or remain unmonitored for extended periods. Network access control helps reduce these risks by enabling defined profiling, access policies, and robust authentication approaches to ensure secure access across organizational networks and connected devices. These are the key factors expected to drive the network access control demand in the market during the forecast period.

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Network Access Control Market Report Scope

 

Report Attribute

Details

Market size value in 2023

USD 3.19 billion

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Revenue forecast in 2030

USD 17.14 billion

Growth Rate

CAGR of 27.2% from 2023 to 2030

Base year for estimation

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2022

Historical data

2018 – 2021

Forecast period

2023 – 2030

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Network Access Control Market Segmentation  

Grand View Research has segmented the global network access control market based on type, deployment, enterprise size, vertical, and region: 

Network Access Control Market – Type Outlook (Revenue, USD Billion, 2018 – 2030)

  • Hardware
  • Software
  • Services

Network Access Control Market – Deployment Outlook (Revenue, USD Billion, 2018 – 2030)

  • On-premise
  • Cloud

Network Access Control Market – Enterprise Size Outlook (Revenue, USD Billion, 2018 – 2030)

  • Large Enterprise
  • Small & Medium Enterprises

Network Access Control Market – Vertical Outlook (Revenue, USD Billion, 2018 – 2030)

  • BFSI
  • IT and Telecom
  • Retail & E-commerce
  • Healthcare and Life Sciences
  • Manufacturing
  • Government & Defense
  • Education
  • Manufacturing
  • Others

Network Access Control Market – Regional Outlook (Revenue, USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • U.A.E
    • Saudi Arabia
    • South Africa

List of Key Players in the Network Access Control Market

  • Cisco
  • SAP Access Control
  • Sophos
  • Fortinet
  • Huawei
  • Extreme Networks
  • Check Point Software Technology
  • Microsoft Corporation
  • Hewlett Packard Enterprises (HPE)
  • Juniper Networks, Inc.
  • IBM Corporation
  • Broadcom, Inc.
  • ManageEngine
  • VMware
  • Forescout Technologies
  • Aruba ClearPass

Check out more market research studies published by Grand View Research:

  • Enterprise Networking Market – The global enterprise networking market size is expected to reach USD 298.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2023 to 2030. As businesses undergo digital transformation, the demand for agile and flexible networking solutions has increased. Traditional networking models may need help to meet modern businesses’ dynamic and evolving needs, which require fast and efficient communication between multiple devices, locations, and cloud services. In addition, the need for increased wireless capacity has become a critical issue for many enterprises, particularly with the rise of remote work and mobile devices. It has led to increased investment in upgrading wireless networks and improving connectivity, expected to drive enterprise networking demand over the forecast period.
  • 5G Indoor Network Infrastructure Market – The global 5G indoor network infrastructure market size is expected to reach USD 87.79 billion by 2030, growing at a CAGR of 40.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the factors, such as enhanced connectivity indoors and the growing adoption of 5G in applications, such as data centers, manufacturing, healthcare, and real estate, among others. The high speed and low latency provided by 5G indoor network infrastructure indoors are expected to drive the market’s growth over the forecast period. Countries across the world are rapidly adopting 5G technologies for enhanced connectivity. Countries, such as China, the U.S., Japan, South Korea, the UK, Italy, and Spain, are deploying 5G to keep pace with the growing digitization.
  • Software-defined Wide Area Network Market – The global software-defined wide area network market size is expected to reach USD 30.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.9% from 2022 to 2030. The growth of the software-defined wide area network (SD-WAN) market can be attributed to factors such as enhanced network across multiple geographies, lesser costs, higher productivity, and better compatibility with software-as-a-service (SaaS) model subscriptions and cloud-based applications. Moreover, with the growing digitalization of businesses, the need for better connectivity is expected to increase, which bodes well for the market’s growth.

Browse through Grand View Research’s  Next Generation Technologies Research Reports.

About Grand View Research

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
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Blockchain Press Releases

Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure

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SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

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Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

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Blockchain Press Releases

Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.

Key Findings:

BTC Options Expirations:

In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.

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ETH Options: Calls Dominate

Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side. 

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)

#Bybit / #BybitResearch

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

BC.GAME Launches Monkey King-Themed Slot Game Wukong

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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.

The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.

Dark Visual Design and Storytelling Behind Wukong

The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.

The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.

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Key Features of the Wukong Slot Game:

Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.

Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.

Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.

“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.

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About BC.GAME

BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.

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