Network Access Control Market Scope and Size by 2031
[Research Report] The network access control market is anticipated to grow from US$ 2.78 billion in 2022 to US$ 16.64 billion by 2031; it is projected to grow at a CAGR of 25.1% from 2022 to 2031.
Analyst Perspective:
The network access control market has witnessed significant growth over the past few years, positively impacted by the surging hybrid work culture and a growing distributed workforce across different verticals. Network access control offers several advantages that enhance network security and management. Firstly, it enforces strict access policies, ensuring that only permitted devices and users can connect to the network and thus enhances network security. Secondly, it assesses the security posture of the connecting devices, verifying factors such as up-to-date antivirus software, operating systems (OS) patches, and firewall settings. It helps to protect against vulnerable or compromised devices. Thirdly, network access control facilitates secure guest access by isolating guest devices from the internal network, limiting their access and potential threats while offering internet connectivity. Network access control also enforces security policies dynamically, quarantines or restricts non-conforming devices, detects unusual network behavior, provides deep insights into network activity, and can integrate with other varied security solutions such as intrusion detection systems (IDS). Additionally, it aids enterprises in meeting regulatory requirements by providing audit trails, reporting, and documentation of network access and security measures.
Market Overview:
Network access control is a security measure developed to regulate and secure access to a computer network. It guarantees that only authorized users and devices can connect to the network, reducing the risk of unauthorized access, data breaches, and malware infiltration. Network access control typically consists of a combination of hardware, software, and policies.
First, it identifies and authenticates users and devices seeking access. This can involve username and password verification, multi-factor authentication, or device certificates. Next, it evaluates the security posture of the connecting device, checking for antivirus software, updated OS, and other security requirements. If a device meets the predetermined criteria, it is granted access. Otherwise, it may be quarantined, restricted to a limited network segment, or denied access altogether. Network access control not only enhances network security but also aids in compliance with regulatory requirements and safeguards against potential threats by enforcing security policies at the network entry points.
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Network Access Control Market: Strategic Insights
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Network Access Control Market: Strategic Insights
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Market Driver:
Surging Usage of Internet-of-Things (IoT) Devices to Drive Growth of the Network Access Control Market
The ascent of business process automation, cloud computing, artificial intelligence (AI), smart consumer devices, and the Internet of Things (IoT) has led to the development of smart workplaces. The adoption of advanced technologies is leading to unprecedented competition rise across different verticals. Companies are attempting to find solutions that support them to achieve high operational efficiency at lower costs. The proliferation of IoT devices has witnessed remarkable growth in recent years, reshaping the landscape of technology, connectivity, and data-driven decision-making. The relentless advancement of technology has played a pivotal role in fostering the growth of IoT devices. Miniaturization, coupled with increasing computational power, has led to the development of smaller, more efficient sensors and devices. These technological advancements have made it feasible to embed IoT capabilities into an array of objects, from household appliances to industrial machinery.
Additionally, the cost of IoT hardware has witnessed a steady decline over the past decade. This cost reduction is partly due to leverage provided by economies of scale. Such price decline has reduced barriers to technology adoption, and smaller and mid-sized businesses have proactively integrated IoT solutions into their daily operations.
Furthermore, IoT devices have found applications in diverse sectors. For instance, the healthcare sector utilizes these devices for remote patient monitoring while manufacturing processes are being optimized through industrial IoT (IIoT). Such advantages and trends are strongly boosting the demand for the network access control market globally.
Segmental Analysis:
The network access control market is segmented on the basis of component, organization size, and vertical. Based on component, the network access control market is segmented into hardware, software, and services. By organization size, the network access control market is bifurcated into SMEs and large enterprises. Based on vertical, the network access control market is segregated into academic & public institutions, BFSI, healthcare, IT & telecom, manufacturing, retail & e-commerce, and others.
The large enterprises segment acquired the largest market share in 2022 and is expected to continue its domination throughout the forecast period. However, the SME segment is anticipated to witness a faster growth rate, buoyed by the rise in digital transformation and wide adoption of network access control solutions among such companies. Additionally, several network access control market players are tailoring their products to serve the SMEs specifically. It is leading to better acceptance of these solutions amongst SMEs, boosting the segment's growth rate.
Regional Analysis:
North America holds a substantial share of the network access control market. The region has a high penetration of IoT devices and a higher acceptance of advanced technology. Additionally, the region is a pioneer in the development and deployment of such technologies. Countries such as the US and Canada have been witnessing a significant rise in digital transformation amongst enterprises across various verticals. In the present era of connected workplaces, the influx of digital electronics, such as tablets, smartphones, and wearables, is expanding at an unprecedented rate across all key verticals, such as IT & telecom, BFSI, e-commerce, and healthcare. In addition, the growing number of IoT use cases in workplaces across different verticals is further driving the adoption of IoT-connected devices in enterprises. Moreover, rising dependence on advanced technology, growing need for information and asset security, and growing spending by SMEs on enterprise cybersecurity are key factors promoting enterprises to invest heavily in data security. VMware's "Global Security Insights Report" states that most businesses in Canada suffered cyberattacks in 2021 as many employees were working from home.
Similarly, according to VMware's analysis, 86% of firms in the country experienced a breach in 2021, 78% reported increased attack volumes, and 79% reported that assaults had become sophisticated. Hence, many security administrators are enhancing their cybersecurity policies to combat advanced cyberattacks. Thus, the increasing cyberattacks and rising awareness toward network security are anticipated to fuel the network access security market growth during the forecast period.
Network Access Control Market
Key Player Analysis:
The network access control market landscape consists of players such as Broadcom Inc, Cisco Systems Inc, Checkpoint Software Technology, Forcepoint LLC, Fortinet Inc, Huawei Technologies, IBM Corporation, SAP SE, Sophos Group plc, and VMware Inc. The market is fragmented, with several solution providers from the North American region dominating the network access control market.
Network Access Control Market Report Scope
Network Access Control Market
Recent Developments:
Companies in the network access control market adopt several inorganic and organic strategies, such as product innovation and partnership. Broadcom Inc., Cisco Systems Inc., Checkpoint Software Technology, Forcepoint LLC, and IBM Corporation are key players in the network access control market. With the strong growth in demand for network access control, numerous companies have developed cutting-edge solutions to expand their offerings and improve network access control market share. A few recent key network access control market developments are listed below:
- October 2023 - IDEMIA announced the development of a secure, standards-based converged access card for the network access control market in collaboration with HYPR and Wavelynx. The smart credential is expected to aid organizations in complying with regulatory requirements and enforce security best practices. The converged access card serves as one badge for both physical and network access based on open and interoperable standards, using secure phishing-resistant technologies for authentication of the credentials. The card has a FIPS-certified PIV applet, a FIDO Certified passkey with MIFARE DESFire support to interface with next-gen access control readers based on the LEAF protocol, and a Prox interface to support legacy access control readers.
- July 2023 - Cato Networks launched Zero Trust Network Access (ZTNA) Secure Access Service Edge (SASE) to defend against insider threats. Internal risks come from insiders within the organization who intentionally or unintentionally leak data, download malicious files, or take other actions that put their organizations at risk. The new capabilities from Cato include an approach the company is calling RBAC+ that extends role-based access control (RBAC).
- April 2023 – Cisco launched the Cisco XDR service, an extended detection and response SaaS package. The service is expected to collect threat data from ~200 million enterprise endpoint customers and also from third-party security gear to quickly detect and remediate threats. The offering gathers six telemetry sources that Security Operations Center (SOC) operators view as critical for an XDR solution: DNS, email, endpoint, firewall, identity, and network.
- March 2023 - Johnson Controls launched the intelligent DCM200 door control module and further reinforced its CEM Systems range of access control solutions. The DCM200 is a two-door controller devised to be substantially secure and to directly pair with CEM System’s AC2000 access control software versions (10.2 or higher). It is capable of supporting a combination of up to four Wiegand or CEM Systems-approved Open Supervised Device Protocol [OSDP v2 (a control system protocol standard developed by the Security Industry Association for secure access to peripheral devices)] smart card readers. It provides bi-directional communications for connecting OSDPv2-compliant readers to DCM200 control panels, supported by secure AES 128 encryption, and eliminates the threat of Wiegand signal cloning through inherent advanced security features.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Network Access Control Market - By Solutions
1.3.2 Network Access Control Market - By Enterprise Size
1.3.3 Network Access Control Market - By Deployment Models
1.3.4 Network Access Control Market - By Verticals
1.3.5 Network Access Control Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NETWORK ACCESS CONTROL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. NETWORK ACCESS CONTROL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NETWORK ACCESS CONTROL MARKET - GLOBAL MARKET ANALYSIS
6.1. NETWORK ACCESS CONTROL - GLOBAL MARKET OVERVIEW
6.2. NETWORK ACCESS CONTROL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NETWORK ACCESS CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTIONS
7.1. OVERVIEW
7.2. SOLUTIONS MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.5. SERVICES
7.5.1. Overview
7.5.2. Services Market Forecast and Analysis
8. NETWORK ACCESS CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. LARGE ENTERPRISE
8.3.1. Overview
8.3.2. Large Enterprise Market Forecast and Analysis
8.4. SMALL AND MEDIUM ENTERPRISE
8.4.1. Overview
8.4.2. Small and Medium Enterprise Market Forecast and Analysis
9. NETWORK ACCESS CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT MODELS
9.1. OVERVIEW
9.2. DEPLOYMENT MODELS MARKET FORECASTS AND ANALYSIS
9.3. ON-PREMISES
9.3.1. Overview
9.3.2. On-Premises Market Forecast and Analysis
9.4. CLOUD
9.4.1. Overview
9.4.2. Cloud Market Forecast and Analysis
10. NETWORK ACCESS CONTROL MARKET - REVENUE AND FORECASTS TO 2028 - VERTICALS
10.1. OVERVIEW
10.2. VERTICALS MARKET FORECASTS AND ANALYSIS
10.3. BFSI
10.3.1. Overview
10.3.2. BFSI Market Forecast and Analysis
10.4. GOVERNMENT AND DEFENSE
10.4.1. Overview
10.4.2. Government and Defense Market Forecast and Analysis
10.5. HEALTHCARE
10.5.1. Overview
10.5.2. Healthcare Market Forecast and Analysis
10.6. EDUCATIONAL INSTITUTIONS
10.6.1. Overview
10.6.2. Educational Institutions Market Forecast and Analysis
10.7. RETAIL
10.7.1. Overview
10.7.2. Retail Market Forecast and Analysis
10.8. INDUSTRIAL MANUFACTURING
10.8.1. Overview
10.8.2. Industrial Manufacturing Market Forecast and Analysis
10.9. IT AND TELECOM
10.9.1. Overview
10.9.2. IT and Telecom Market Forecast and Analysis
10.10. ENERGY AND POWER
10.10.1. Overview
10.10.2. Energy and Power Market Forecast and Analysis
10.11. OTHERS
10.11.1. Overview
10.11.2. Others Market Forecast and Analysis
11. NETWORK ACCESS CONTROL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Network Access Control Market Overview
11.1.2 North America Network Access Control Market Forecasts and Analysis
11.1.3 North America Network Access Control Market Forecasts and Analysis - By Solutions
11.1.4 North America Network Access Control Market Forecasts and Analysis - By Enterprise Size
11.1.5 North America Network Access Control Market Forecasts and Analysis - By Deployment Models
11.1.6 North America Network Access Control Market Forecasts and Analysis - By Verticals
11.1.7 North America Network Access Control Market Forecasts and Analysis - By Countries
11.1.7.1 United States Network Access Control Market
11.1.7.1.1 United States Network Access Control Market by Solutions
11.1.7.1.2 United States Network Access Control Market by Enterprise Size
11.1.7.1.3 United States Network Access Control Market by Deployment Models
11.1.7.1.4 United States Network Access Control Market by Verticals
11.1.7.2 Canada Network Access Control Market
11.1.7.2.1 Canada Network Access Control Market by Solutions
11.1.7.2.2 Canada Network Access Control Market by Enterprise Size
11.1.7.2.3 Canada Network Access Control Market by Deployment Models
11.1.7.2.4 Canada Network Access Control Market by Verticals
11.1.7.3 Mexico Network Access Control Market
11.1.7.3.1 Mexico Network Access Control Market by Solutions
11.1.7.3.2 Mexico Network Access Control Market by Enterprise Size
11.1.7.3.3 Mexico Network Access Control Market by Deployment Models
11.1.7.3.4 Mexico Network Access Control Market by Verticals
11.2. EUROPE
11.2.1 Europe Network Access Control Market Overview
11.2.2 Europe Network Access Control Market Forecasts and Analysis
11.2.3 Europe Network Access Control Market Forecasts and Analysis - By Solutions
11.2.4 Europe Network Access Control Market Forecasts and Analysis - By Enterprise Size
11.2.5 Europe Network Access Control Market Forecasts and Analysis - By Deployment Models
11.2.6 Europe Network Access Control Market Forecasts and Analysis - By Verticals
11.2.7 Europe Network Access Control Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Network Access Control Market
11.2.7.1.1 Germany Network Access Control Market by Solutions
11.2.7.1.2 Germany Network Access Control Market by Enterprise Size
11.2.7.1.3 Germany Network Access Control Market by Deployment Models
11.2.7.1.4 Germany Network Access Control Market by Verticals
11.2.7.2 France Network Access Control Market
11.2.7.2.1 France Network Access Control Market by Solutions
11.2.7.2.2 France Network Access Control Market by Enterprise Size
11.2.7.2.3 France Network Access Control Market by Deployment Models
11.2.7.2.4 France Network Access Control Market by Verticals
11.2.7.3 Italy Network Access Control Market
11.2.7.3.1 Italy Network Access Control Market by Solutions
11.2.7.3.2 Italy Network Access Control Market by Enterprise Size
11.2.7.3.3 Italy Network Access Control Market by Deployment Models
11.2.7.3.4 Italy Network Access Control Market by Verticals
11.2.7.4 United Kingdom Network Access Control Market
11.2.7.4.1 United Kingdom Network Access Control Market by Solutions
11.2.7.4.2 United Kingdom Network Access Control Market by Enterprise Size
11.2.7.4.3 United Kingdom Network Access Control Market by Deployment Models
11.2.7.4.4 United Kingdom Network Access Control Market by Verticals
11.2.7.5 Russia Network Access Control Market
11.2.7.5.1 Russia Network Access Control Market by Solutions
11.2.7.5.2 Russia Network Access Control Market by Enterprise Size
11.2.7.5.3 Russia Network Access Control Market by Deployment Models
11.2.7.5.4 Russia Network Access Control Market by Verticals
11.2.7.6 Rest of Europe Network Access Control Market
11.2.7.6.1 Rest of Europe Network Access Control Market by Solutions
11.2.7.6.2 Rest of Europe Network Access Control Market by Enterprise Size
11.2.7.6.3 Rest of Europe Network Access Control Market by Deployment Models
11.2.7.6.4 Rest of Europe Network Access Control Market by Verticals
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Network Access Control Market Overview
11.3.2 Asia-Pacific Network Access Control Market Forecasts and Analysis
11.3.3 Asia-Pacific Network Access Control Market Forecasts and Analysis - By Solutions
11.3.4 Asia-Pacific Network Access Control Market Forecasts and Analysis - By Enterprise Size
11.3.5 Asia-Pacific Network Access Control Market Forecasts and Analysis - By Deployment Models
11.3.6 Asia-Pacific Network Access Control Market Forecasts and Analysis - By Verticals
11.3.7 Asia-Pacific Network Access Control Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Network Access Control Market
11.3.7.1.1 Australia Network Access Control Market by Solutions
11.3.7.1.2 Australia Network Access Control Market by Enterprise Size
11.3.7.1.3 Australia Network Access Control Market by Deployment Models
11.3.7.1.4 Australia Network Access Control Market by Verticals
11.3.7.2 China Network Access Control Market
11.3.7.2.1 China Network Access Control Market by Solutions
11.3.7.2.2 China Network Access Control Market by Enterprise Size
11.3.7.2.3 China Network Access Control Market by Deployment Models
11.3.7.2.4 China Network Access Control Market by Verticals
11.3.7.3 India Network Access Control Market
11.3.7.3.1 India Network Access Control Market by Solutions
11.3.7.3.2 India Network Access Control Market by Enterprise Size
11.3.7.3.3 India Network Access Control Market by Deployment Models
11.3.7.3.4 India Network Access Control Market by Verticals
11.3.7.4 Japan Network Access Control Market
11.3.7.4.1 Japan Network Access Control Market by Solutions
11.3.7.4.2 Japan Network Access Control Market by Enterprise Size
11.3.7.4.3 Japan Network Access Control Market by Deployment Models
11.3.7.4.4 Japan Network Access Control Market by Verticals
11.3.7.5 South Korea Network Access Control Market
11.3.7.5.1 South Korea Network Access Control Market by Solutions
11.3.7.5.2 South Korea Network Access Control Market by Enterprise Size
11.3.7.5.3 South Korea Network Access Control Market by Deployment Models
11.3.7.5.4 South Korea Network Access Control Market by Verticals
11.3.7.6 Rest of Asia-Pacific Network Access Control Market
11.3.7.6.1 Rest of Asia-Pacific Network Access Control Market by Solutions
11.3.7.6.2 Rest of Asia-Pacific Network Access Control Market by Enterprise Size
11.3.7.6.3 Rest of Asia-Pacific Network Access Control Market by Deployment Models
11.3.7.6.4 Rest of Asia-Pacific Network Access Control Market by Verticals
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Network Access Control Market Overview
11.4.2 Middle East and Africa Network Access Control Market Forecasts and Analysis
11.4.3 Middle East and Africa Network Access Control Market Forecasts and Analysis - By Solutions
11.4.4 Middle East and Africa Network Access Control Market Forecasts and Analysis - By Enterprise Size
11.4.5 Middle East and Africa Network Access Control Market Forecasts and Analysis - By Deployment Models
11.4.6 Middle East and Africa Network Access Control Market Forecasts and Analysis - By Verticals
11.4.7 Middle East and Africa Network Access Control Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Network Access Control Market
11.4.7.1.1 South Africa Network Access Control Market by Solutions
11.4.7.1.2 South Africa Network Access Control Market by Enterprise Size
11.4.7.1.3 South Africa Network Access Control Market by Deployment Models
11.4.7.1.4 South Africa Network Access Control Market by Verticals
11.4.7.2 Saudi Arabia Network Access Control Market
11.4.7.2.1 Saudi Arabia Network Access Control Market by Solutions
11.4.7.2.2 Saudi Arabia Network Access Control Market by Enterprise Size
11.4.7.2.3 Saudi Arabia Network Access Control Market by Deployment Models
11.4.7.2.4 Saudi Arabia Network Access Control Market by Verticals
11.4.7.3 U.A.E Network Access Control Market
11.4.7.3.1 U.A.E Network Access Control Market by Solutions
11.4.7.3.2 U.A.E Network Access Control Market by Enterprise Size
11.4.7.3.3 U.A.E Network Access Control Market by Deployment Models
11.4.7.3.4 U.A.E Network Access Control Market by Verticals
11.4.7.4 Rest of Middle East and Africa Network Access Control Market
11.4.7.4.1 Rest of Middle East and Africa Network Access Control Market by Solutions
11.4.7.4.2 Rest of Middle East and Africa Network Access Control Market by Enterprise Size
11.4.7.4.3 Rest of Middle East and Africa Network Access Control Market by Deployment Models
11.4.7.4.4 Rest of Middle East and Africa Network Access Control Market by Verticals
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Network Access Control Market Overview
11.5.2 South and Central America Network Access Control Market Forecasts and Analysis
11.5.3 South and Central America Network Access Control Market Forecasts and Analysis - By Solutions
11.5.4 South and Central America Network Access Control Market Forecasts and Analysis - By Enterprise Size
11.5.5 South and Central America Network Access Control Market Forecasts and Analysis - By Deployment Models
11.5.6 South and Central America Network Access Control Market Forecasts and Analysis - By Verticals
11.5.7 South and Central America Network Access Control Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Network Access Control Market
11.5.7.1.1 Brazil Network Access Control Market by Solutions
11.5.7.1.2 Brazil Network Access Control Market by Enterprise Size
11.5.7.1.3 Brazil Network Access Control Market by Deployment Models
11.5.7.1.4 Brazil Network Access Control Market by Verticals
11.5.7.2 Argentina Network Access Control Market
11.5.7.2.1 Argentina Network Access Control Market by Solutions
11.5.7.2.2 Argentina Network Access Control Market by Enterprise Size
11.5.7.2.3 Argentina Network Access Control Market by Deployment Models
11.5.7.2.4 Argentina Network Access Control Market by Verticals
11.5.7.3 Rest of South and Central America Network Access Control Market
11.5.7.3.1 Rest of South and Central America Network Access Control Market by Solutions
11.5.7.3.2 Rest of South and Central America Network Access Control Market by Enterprise Size
11.5.7.3.3 Rest of South and Central America Network Access Control Market by Deployment Models
11.5.7.3.4 Rest of South and Central America Network Access Control Market by Verticals
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. NETWORK ACCESS CONTROL MARKET, KEY COMPANY PROFILES
13.1. AUCONET, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. EXTREME NETWORKS, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. FORESCOUT TECHNOLOGIES INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. FORTINET, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. OPSWAT, INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. INFOEXPRESS, INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. MACMON SECURE GMBH
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PORTNOX INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. PULSE SECURE, LLC
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Auconet, Inc.
2. Extreme Networks, Inc.
3. ForeScout Technologies Inc.
4. Fortinet, Inc.
5. Hewlett Packard Enterprise Development LP
6. OPSWAT, Inc.
7. InfoExpress, Inc.
8. macmon secure GmbH
9. Portnox Inc.
10. Pulse Secure, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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