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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

MALAYSIAN FOUNDERS BRING WEB3 TO MALAYSIAN SHORES WITH MALAYSIAN BLOCKCHAIN WEEK (MYBW) 2024

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KUALA LUMPUR, Malaysia, July 15, 2024 /PRNewswire/ — The country’s inaugural Malaysia Blockchain Week (MYBW) is poised to bring mainstream Malaysia into the world of Web 3. MYBW boasts strong Malaysian roots in an international digital space, featuring Malaysian founders and bringing together key Malaysian industry players well-known in the digital space.

The week-long event hosted by Malaysian Web3 powerhouse Lydian Labs will be held in partnership with the Malaysia Digital Economy Corporation (MDEC) and kicked off by Minister of Digital, YB Tuan Gobind Singh Deo.

MEET THE MALAYSIAN FACES OF THE BLOCKCHAIN SPACE

The Web3 space transcends international borders, attracting dedicated Malaysians to push the unexplored frontier of the industry.

As such, many Malaysians have become industry giants in the blockchain space, commanding significant influence and expertise in the industry. Despite their elusive real-life presence, lucky participants at MYBW will be able to rub shoulders with these Malaysian founders of key Web3 companies.

Youths and young-at-heart builders keen on exploring Web3 ventures as well as seasoned international investors will benefit from the congregation of blockchain experts and Web3 veterans.

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Expect to see local industry giants at MYBW, who will be present in support of the Malaysian-led initiative as well to provide unique industry insights at the event’s keynote presentations and panel discussions.

Present at the event will include Matthew Tan, the founder and CEO of the leading Ethereum block explorer, API and Analytics Platform, Etherscan.io. Prior to Etherscan, Tan founded and developed one of the earlier token-based blockchain explorers, Blockscan, for Counterparty, a smart contracts blockchain built on top of Bitcoin. He has around 15 years of industry experience, consulting and developing bespoke line of business solutions when he was a co-founder of a data/web applications solutions provider.

Next is Bobby Ong, the co-founder and COO of CoinGecko, an analytics platform for tracking cryptocurrencies and blockchain assets. CoinGecko was established in April 2014 and is one of the largest cryptoasset data aggregators in the world. Additionally, Ong is a contributing author in two digital currencies books – Handbook of Digital Currency, 1st Edition and Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1. He was also included in the Forbes 2019 30 Under 30 Asia list and graduated with a Bachelor of Science in Economics from University College London in 2012.

Other Malaysian founders include, but are not limited to:

  • Siong, co-founder of Jupiter, a decentralised exchange aggregator on the Solana blockchain platform using an extensive liquidity network and advanced algorithms.
  • Shawn Chong, co-founder of Salus, a holistic Web3 security company with experience in traditional and blockchain security focusing on user protection and strategic initiatives at the intersection of blockchain and cybersecurity.
  • TN Lee, founder of Pendle Finance, a DeFi platform that enables users to tokenize and trade future yield on Ethereum assets.
  • Dr Ian Tan, co-founder of Lydian Labs, a full stack Web3 Solutions Provider focused on advisory, tech, and marketing specialised in the APAC region.
  • Nicole Yap, founder of 8SIAN NFT which artfully tokenizes the rich tapestry of Asian heritage into NFTs which celebrate the history and depth of Asian women while building a global and inclusive Asian community.
  • Julian Koh, co-founder of Aevo, a high-performance decentralised derivatives exchange focused on options.

These Malaysian powerhouses will also be joined by international industry names such as Chess, CEO of GM Network; Dr Kang Li, CSO of CertiK; Victor Ji, Co-Founder of Manta Network; Gracy Chen, CEO of Bitget; Yoann Turpin, co-founder of Wintermute; Moshe, chairman of Oobit; Mark Rydon, CEO of Aethir; John Yao, CEO of Team Secret and many more.

MINTING THE FUTURE OF MALAYSIAN WEB3

MYBW will set the tone and future for Web3 growth and widespread adoption in Malaysia, featuring 33 panel discussions, 15 keynote talks, and more than 150 speakers which will open the curtain on important blockchain topics such as regulatory issues, the decentralised finance & syariah digital economy, blockchain traceability, NFTs & Web3 Gaming, and the impacts of Artificial Intelligence (AI) on the Malaysian landscape.

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The event, anticipated to draw more than 2,500 participants, will facilitate discussions between key stakeholders, bringing together decision-makers from the government and industry leaders to mint the future of Web3 for Malaysia.

Tickets for MYBW are already available on the official website.

EVENT DETAILS:

Date: 31 July – 1 August 2024 | 10am – 6pm
Location: World Trade Centre Kuala Lumpur (WTCKL)

Website details: https://myblockchainweek.com/

About Lydian Labs

Lydian Labs is a full stack Web3 solutions provider focused on the APAC region and China, providing 3 main pillars of services: Advisory, Tech, and Marketing.

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####

To know more about Lydian Labs, visit https://bit.ly/LydianLabs or find them on X (formerly known as Twitter).

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Blockchain Press Releases

BlockScholes X Bybit Crypto Derivatives Analytics Report Reveals Investors More Bullish on ETH Than BTC

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DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with BlockScholes, has released its latest Crypto Derivatives Analytics Report, highlighting a notable divergence in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).

The report, analyzing market trends and trading signals across spot trading volume, futures, options, and perpetual contracts, underscores a growing bullish sentiment toward ETH. Key findings indicate that investors are increasingly optimistic about ETH, particularly in anticipation of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC, which has persisted amid heightened market activity.

Key Highlights from the Report:

  • Bullish Sentiment Toward ETH: BlockScholes’s Senti-Meter Index reveals a bullish sentiment among investors toward ETH compared to BTC. This sentiment is influenced by expectations surrounding the imminent ETF launch for Ethereum.
  • ETH Futures Outperforming BTC: Despite recent market fluctuations, ETH futures have shown a quicker recovery in open interest compared to BTC. This recovery trend suggests a robust market narrative focused on ETH’s ETF prospects.
  • Strong Perpetual Trading in ETH: Significant trading volumes in ETH perpetual contracts indicate substantial long positions, possibly driven by strategic positioning ahead of anticipated market developments.
  • High ETH Option Volatility: ETH options market volatility remains elevated, especially in anticipation of ETF approval, contrasting with BTC options, which exhibit a more defensive posture.

In response to the findings, Bybit’s Head of Institutions, Eugene Cheung, commented: “The latest data underscores ETH’s resilience and market appeal as we approach key regulatory milestones. Investors are demonstrably positioning themselves favorably amidst growing market expectations.”

#Bybit / #TheCryptoArk

About Bybit

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Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.

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

Apply and Win the Dream Getaway to Austria and Cutting-edge Gadgets with Bybit Card

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DUBAI, UAE, July 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest crypto exchange by trading volume, is excited to announce the launch of its Bybit Card campaign, offering users the opportunity to win extraordinary prizes, including a dream getaway to Austria and cutting-edge tech gadgets including an iPhone 15 Pro and more.

To participate in the campaign, users need to apply and spend at least 500 EUR/USD with their Bybit Card. By completing both steps, they will automatically enter the Lucky Draw, where they stand a chance to win a guaranteed prize. The first 1,000 users who fulfill the requirements will be eligible for the Lucky Draw.

The campaign will run from Jul 15, 2024, 10:00 AM UTC to Aug 18, 2024, 11:59 PM UTC. During this period, users can take advantage of this exciting opportunity to win fantastic rewards.

In addition, VIP users will receive a 30 EUR/USD card bonus, enhancing their overall Bybit Card experience.

Joan Han, sales and marketing director at Bybit, said, “With the Bybit Card, individuals can seamlessly incorporate digital finance into their everyday lives, whether they’re shopping online or covering routine expenses. By providing users with convenience and flexibility, we aim to enhance their financial experiences. Furthermore, we are thrilled to introduce a range of diverse rewards and campaigns to our global user base, thereby creating greater accessibility and convenience for utilizing digital assets.”

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The Bybit Card blends the world of digital finance with everyday transactions, offering users a seamless spending experience. For more information about the Bybit Card and how to apply, visit:https://www.bybit.com/en/promo/campaign/Apply-Card-Win-Big

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
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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Bybit Logo

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