The global network access control market has been on a roll for quite a period. The growing incidences of data breaches and cyber-attacks have raised several security concerns and significantly pushed the demand for solutions that support access management and network visibility through policy enforcement on corporate networks and user devices. A poll conducted by the Associated Press-NORC Center for Public Affairs Research and the Pearson Institute indicates that almost 9 in 10 Americans are at least moderately concerned about hacking that involves their financial institutions, personal information, government agencies, or specific utilities.
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The increasing demand for high network bandwidth and the rollout of advanced technologies like 5G to meet the growing requirements of the rapidly expanding customer base is likely to drive the network access control market growth.
Another factor significantly impacting the global network access control market share is the proliferation of remote working, e-learning, and at-home norms in the wake of the COVID-19 pandemic, which has subsequently stimulated the demand for high bandwidth networks. The increasing penetration of the internet and mobile devices in the remotest parts of the world has contributed to the progression of IoT infrastructure and 5G technology in recent years.
Increasing incidences of cyberattacks
Data breaches have become commonplace, and several occur across the globe every day. While some are considered insignificant, with nominal loss of data or financial resources, many of them pose major and catastrophic threats.
With hackers continuously looking for new vulnerabilities to exploit organizations and individuals by leveraging and exposing critical information against them while networks are not secured, the need for advanced network security solutions stands crucial.
In the same month, hackers infiltrated multiple Russian agencies’ websites, including the Federal State Statistics Service, Energy Ministry, the Federal Bailiff Service, and the Federal Penitentiary Services. The websites showed several anti-invasion and anti-government messages and images before the agencies could dismiss the attackers.
The growing prominence of such events and increasing concerns related to cybersecurity will push the network access control market revenue trajectory.
Strict regulatory framework to make way for future opportunities
As per the recent data released by Identity Theft Resource Center, the data security breaches soured to an all-time high, exceeding over 1100 cases in 2021. These prevailing statistics have encouraged governments across several developed and developing economies to take necessary actions and introduce strict regulations to mitigate this ever-rising trajectory of cyberattacks.
Similarly, the Chinese Ministry of Industry and Information Technology announced to hasten the introduction of the regulations pertaining to the protection of mobile applications and personal information in April 2022. This will help develop data security standards in critical areas such as collecting and using personal info through APPs, IoT, and AI. Such regulations are expected to strengthen the network access control market forecast in the years ahead.
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Partial Chapter of the Table of Content
Chapter 5 Network Access Control Market, By Component
5.1 Key trends, by component
5.2.1 Market estimates and forecast, 2018 – 2028
5.3.1 Market estimates and forecast, 2018 – 2028
5.4.1 Market estimates and forecast, 2018 – 2028
188.8.131.52 Market estimates and forecast, 2018 – 2028
5.4.3 Integration and maintenance
184.108.40.206 Market estimates and forecast, 2018 – 2028
5.4.4 Managed service
220.127.116.11 Market estimates and forecast, 2018 – 2028
Chapter 6 Network Access Control Market, By Deployment Model
6.1 Key trends, by deployment model
6.2.1 Market estimates and forecast, 2018 – 2028
6.3.1 Market estimates and forecast, 2018 – 2028
Chapter 7 Network Access Control Market, By Organization Size
7.1 Key trends, by organization size
7.2.1 Market estimates and forecast, 2018 – 2028
7.3 Large enterprises
7.3.1 Market estimates and forecast, 2018 – 2028
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