Rising usage of application control audit services is expected to support the growth of application control market to grow at a CAGR of 4.5 % during 2019-2027.
According to the latest market study on 'Global Application Control Market Forecast to 2027 - Analysis by Component (Solution, Services); Access Points (Desktops/Laptops, Servers, Mobiles/Tablets, Others); Organization size (Small and Medium Enterprises, Large Enterprises); Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, Others); and Geography,' the market was valued at US$ 1,589.29 million in 2019 and is projected to reach US$ 2,236.35 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027.
The report highlights key factors driving the market growth, and prominent players and their developments in the market.
The rising number of cyber-attacks coupled with a significant increase in the number of connected devices and access points has increased the demand for superior monitoring as well as controlling of enterprise applications. As a result, the demand for extensive protection and coverage of end-point access has raised significantly and subsequently gained traction among numerous industry verticals. Thus, several market players operating in the application control market provide extensive business offerings that facilitate the advanced protection of enterprise applications through enabling a varying degree of control such as execution, monitoring, and authentication. The application control-based solutions have an extensive scope of utilization for network security, enforcing control over servers, end-point protection, and authentication, among several other benefits to the end-user organization. Additionally, the advancement in application control tools has facilitated the integration of forensic control that automates the validation process, enable checks for inputs as well as data correctness, which provide advantages to the end users. Thus, the application control market is poised to provide numerous profitable business opportunities for market players during the forecast period.
Several factors such as rising number of cyber-threats, stringent regulator guidelines, and an increase in popularity of bringing your own device (BYOD) to work have factored in the positive growth of the market over the past few years. Furthermore, the rising popularity of application control among prominent market players present in different industry verticals also has contributed to the adoption of the solution in both developed and developing economies. Thus, the surge in demand for robust and efficient end-point protection has significantly propelled the growth of the market in recent years.
Broadcom Corporation, Cambium Networks, Carbon Black, Inc., Check Point Software Technologies Ltd, Cyber ark Software Ltd, Avanti, MacAfee, LLC, Trend Micro Incorporated, Veracode, and Watchguard Technologies, Inc. are some of the well-established players in the global application control market.
COVID-19 Impact on Application Control Market
The ongoing global pandemic of COVID-19 continues to bring long terms disruption across several major process as well as discrete industries. However, critical industries such as food & beverages, pharmaceuticals, power generation, and chemicals have noticed limited disruption during the pandemic across different economies owing to their significance in utilities and essential supplies. As a result, prevalence of nation-wide lockdown to minimize the transmission of COVID-19 has significantly disrupted the supply chain activities along with production of components, equipment, controller, and raw materials across several manufacturers especially the small & medium enterprise owners.
The Report Segments the Global Application Control Market as Follows:
By Component
By Access Points
By Organization Size
By Vertical
By Geography
According to the latest market study on 'Global Application Control Market Forecast to 2027 - Analysis by Component (Solution, Services); Access Points (Desktops/Laptops, Servers, Mobiles/Tablets, Others); Organization size (Small and Medium Enterprises, Large Enterprises); Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, Others); and Geography,' the market was valued at US$ 1,589.29 million in 2019 and is projected to reach US$ 2,236.35 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027.
The report highlights key factors driving the market growth, and prominent players and their developments in the market.
The rising number of cyber-attacks coupled with a significant increase in the number of connected devices and access points has increased the demand for superior monitoring as well as controlling of enterprise applications. As a result, the demand for extensive protection and coverage of end-point access has raised significantly and subsequently gained traction among numerous industry verticals. Thus, several market players operating in the application control market provide extensive business offerings that facilitate the advanced protection of enterprise applications through enabling a varying degree of control such as execution, monitoring, and authentication. The application control-based solutions have an extensive scope of utilization for network security, enforcing control over servers, end-point protection, and authentication, among several other benefits to the end-user organization. Additionally, the advancement in application control tools has facilitated the integration of forensic control that automates the validation process, enable checks for inputs as well as data correctness, which provide advantages to the end users. Thus, the application control market is poised to provide numerous profitable business opportunities for market players during the forecast period.
Several factors such as rising number of cyber-threats, stringent regulator guidelines, and an increase in popularity of bringing your own device (BYOD) to work have factored in the positive growth of the market over the past few years. Furthermore, the rising popularity of application control among prominent market players present in different industry verticals also has contributed to the adoption of the solution in both developed and developing economies. Thus, the surge in demand for robust and efficient end-point protection has significantly propelled the growth of the market in recent years.
Broadcom Corporation, Cambium Networks, Carbon Black, Inc., Check Point Software Technologies Ltd, Cyber ark Software Ltd, Avanti, MacAfee, LLC, Trend Micro Incorporated, Veracode, and Watchguard Technologies, Inc. are some of the well-established players in the global application control market.
COVID-19 Impact on Application Control Market
The ongoing global pandemic of COVID-19 continues to bring long terms disruption across several major process as well as discrete industries. However, critical industries such as food & beverages, pharmaceuticals, power generation, and chemicals have noticed limited disruption during the pandemic across different economies owing to their significance in utilities and essential supplies. As a result, prevalence of nation-wide lockdown to minimize the transmission of COVID-19 has significantly disrupted the supply chain activities along with production of components, equipment, controller, and raw materials across several manufacturers especially the small & medium enterprise owners.
The Report Segments the Global Application Control Market as Follows:
By Component
- Solution
- Services
By Access Points
- Desktops/Laptops
- Servers
- Mobiles/Tablets
- Others
By Organization Size
- SMEs
- Large enterprises
By Vertical
- Government and Defense
- BFSI
- IT and Telecom
- Healthcare
- Retail
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Table of Contents
1. Introduction
3. Research Methodology
4. Application Control Market Landscape
5. Application Control Market - Key Market Dynamics
6. Application Control Market - Global Analysis
7. Application Control Market Analysis- By Component
8. Application Control Market Analysis- By Access Points
9. Application Control Market Analysis - By Enterprise Size
10. Application Control Market Analysis- By Vertical
11. Application Control Market - Geographic Analysis
12. Application Control Market- COVID-19 Impact Analysis
13. Industry Landscape
14. Company Profiles
15. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Broadcom Corporation
- Cambium Networks
- Carbon Black, Inc.
- Check Point Software Technologies Ltd
- Cyberark Software Ltd
- Ivanti
- Mcafee, Llc
- Trend Micro Incorporated
- Veracode
- Watchguard Technologies, Inc.