Middle East & Africa network access control (NAC) industry is projected to record a CAGR of more than 35% through the forecast timeframe. The growth is attributed to rising number of strategic collaborations among industry players to augment the quality and performance of connected devices as well as customer experience. Meanwhile, the Latin America network access control (NAC) market is poised to grow at about 40% CAGR by 2028 as a result of increasing adoption of cloud computing technology in the LATAM region.

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The network access control (NAC) market is projected to grow at an exponential rate through 2028 owing to growing penetration of IoT (Internet of Things) devices across the globe. Additionally, increasing focus on the development of smart infrastructure is set to further boost market expansion over the forecast timespan.

According to an August 2021 report titled Code of practice for securing Consumer Internet of Things (IoT), the number of consumer IoT devices is expected to reach 11.4 billion by 2025, whereas the number of enterprise IoT devices around the globe would be around 13.3 billion. Altogether, 41.6 billion devices are estimated to capture data that will monitor human operations and maintain the machines used on a day-to-day basis by 2025. As a result, rising prominence of connected devices is fuelling business growth.

The global network access control (NAC) market has been classified based on component, deployment model, organization size, application, and region. By component, the overall industry has been fragmented into hardware, software, and service (integration and maintenance, consulting, and managed service).

In terms of application, the network access control (NAC) market has been divided into manufacturing, healthcare, retail, IT & telecom, government, BFSI, education, and others. The education segment is speculated to depict a CAGR of over 25% due to early development of 5G technology.

The manufacturing segment is estimated to expand at above 35% CAGR through 2028 fueled by prominent digitalization across the manufacturing sector. In 2021, the IT & telecom segment garnered roughly 20% market share backed by soaring need to enhance customer experience.

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The government segment is likely to gain steady momentum at a CAGR exceeding 30% over the forecast period supported by burgeoning demand for advanced security solutions in the government sector. Driven by increasing focus on improving overall customer satisfaction, the others application segment is poised to expans at more than 25% CAGR over the assessment period.

In 2021, the service segment accounted for more than 20% of the total market revenue owing to fast-paced adoption of network control access service. The consulting service segment is likely to witness strong growth at a CAGR of above 35% by 2028 on account of mounting penetration of smart phones and internet services. In 2021, managed service held more than 35% market share driven primarily by surging adoption of cloud computing managed service.

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