According to a new report from market research firm Infonetics Research, revenues for the network access control (NAC) market dropped to $37 million in the third quarter of 2009, a decrease of six percent from second quarter figures.
Despite the slight drop, however, revenues are forecast to grow starting in the fourth quarter of 2009 and continue growing in double-digit percentages annually through 2013.
Among some of the factors expected to drive growth in the market include; regulation and compliance, growth in the number, variety and volume of threats; security investment as a cost-saving measure; and service provider spending on security.
“The NAC enforcement appliance market was impacted squarely by the financial services meltdown and suffered a prolonged downturn as Cisco saw large decreases in security revenue through the first half of 2009,” Infonetics Research Analyst Jeff Wilson said in a prepared statement. “And while there is still strong fundamental demand for NAC technology, many companies are looking for NAC functionality to be included in infrastructure purchases, or to solve NAC problems with software or management, shifting some of the opportunity away from the discrete standalone appliance market.”