Adroit Market Research - Industry Insights
Application Control Market by Component (Solution and Services [Professional Services and Managed Service]), Access Points (Desktops/Laptops, Servers, Mobiles/Tablets, and Others), Organization Size (Large Enterprises, and Small and Medium Enterprises (SMEs)), Industry Vertical (BFSI, IT & Telecom, Retail, Government and Public Sector, Healthcare, Oil & Gas, Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America), Global Forecast - 2019 to 2028
Jul 2021
Total Pages: 142
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To protect the organization's endpoint environment, application control is a security strategy that prevents unauthorized and undesirable programmes from running on endpoints. Application control-based solutions have a wide range of applications, including network security, server control, end-point protection, and authentication, among other benefits to the end-user business. Factors such as an increase in the number of cyber-threats, more regulatory restrictions, and the popularity of bringing your own device to work have all contributed to the market's favorable growth in recent years. Furthermore, the growing popularity of application control among major market participants in several industry verticals has aided in the solution's adoption in both developed and developing nations. As a result, the market's recent expansion has been fueled by a surge in demand for reliable and effective end-point protection.
Furthermore, end-users and regulatory agencies are increasingly focusing on enhancing overall IT security and infrastructure to minimize data loss and cyber-attacks, which is expected to drive market growth during the forecast period. However, problems such as poor enforcement of cyber-security rules among small and medium market players due to a lack of financial resources could impede market expansion.
The global application control market size was estimated to reach over USD 1.6 billion in 2020, and projected to grow with a CAGR of 5.2% over the forecast period. The constant rise in data and privacy breaches around the world can be ascribed to increasing IT vulnerabilities within businesses. Vulnerabilities are security flaws that attackers can exploit to harm programmes, cause a denial of service, and/or steal potentially sensitive data. As a result, millions of dollars have been paid out as part of the data breach settlement. The industry is growing because to escalating concerns about the growing number of vulnerabilities caused by cyber-attacks on businesses.
.png "Global Application Control Market 2019-2028 (USD Billion)")
The COVID-19 outbreak, which started in Wuhan, China, in December 2019, has quickly spread around the world. To combat and contain the outbreak, global manufacturing closures, travel bans, and border closures have disrupted every business and economy on the planet. To prevent social isolation and curb the spread of the virus globally, various government authorities have taken precautions. As a result, lockdowns covering businesses and production units were swiftly implemented. The use of application control has been positively impacted around the world as a result of the pandemic scenario, owing to the rule out of work from home policy.
Key Segments of the Global Application Control Market
Component Overview, 2019-2028 (USD Billion)
- Solution
- Services
- Professional Services
- Managed Service
Access Points Overview, 2019-2028 (USD Billion)
- Desktops/Laptops
- Servers
- Mobiles/Tablets
- Others
Organization Size Overview, 2019-2028 (USD Billion)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Industry Vertical Overview, 2019-2028 (USD Billion)
- BFSI
- IT & Telecom
- Retail
- Government and Public Sector
- Healthcare
- Oil & Gas
- Others
Regional Overview, 2019-2028 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global application control market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global application control market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the application control industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on component, access points, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global application control market. The report will benefit every stakeholder involved in the application control market.
- Managers within the application control industry looking to publish recent and forecasted statistics about the global application control market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global application control market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Application control software is a type of security software that helps to protect the privacy and security of data utilized by and communicated between applications by blocking or restricting illegitimate programmes. Application control software aids in the identification and control of applications within an enterprise's IT environment, as well as the automatic identification of trustworthy software with permission to run.
Employees are increasingly using these applications on different PCs and mobile devices in the office, and companies are running servers on a variety of operating systems, which can lead to cyber threats at any time. With the increased use of software applications in various industries, and the growing trend of remote working culture in enterprises, employees are increasingly using these applications on different PCs and mobile devices in the office, and companies are running servers on a variety of operating systems, which can lead to cyber threats at any time. As a result, application control deployment is on the rise in order to ensure application security and control while also supporting endpoint flexibility.
The rising adoption of the BYOD trend and other mobility solutions is projected to accelerate the use of application control solutions. Bring Your Own Device (BYOD) is growing as a key trend in the workplace, where employees' freedom and network connectivity is rising globally. Trends like BYOD make the workplace more productive.
Component Segment
Based on the component segment, the market is classified into solution, and services. In 2020, services segment was expected to grow significantly of the application control market. Because these services assist organizations in implementing, integrating, and monitoring the application control environment through established industry-best practices, the application control services segment is expected to play a key role in changing the security landscape and grow at the fastest rate during the forecast period.
Access Points Segment
Based on the Access Points, the market is segmented into desktops/laptops, servers, mobiles/tablets, and others. The desktop/laptops segment acquired the largest share of the application control market in terms of access points in 2020. On desktops, users can restrict programmes based on the installation procedure, preventing access to undesirable apps and dangerous actions on corporate computers. Application control solutions protect laptops by blocking the execution of undesired and ineffective applications, as well as malicious code, on a network.
Organization Size Segment
Based on the organization size, the market is segmented into large enterprises and small and medium enterprises (SMEs). The SME segment is expected to grow rapidly over the forecast period. Due to increased digitalization among SMEs, the SMEs category is expected to grow at a significant rate through 2028. IoT, Servers, and AI are among the sophisticated networks and wireless technologies that SMEs are rapidly deploying. The rise of BYOD in SMEs is allowing them to move away from traditional firewalls and toward advanced network security solutions. In SMEs, application control ensures complete workstation and server protection in order to perform mission-critical business services. For SMEs, it is a cost-effective and profitable solution.
Industry Vertical Segment
Based on the industry vertical, the market is segmented into BFSI, IT & telecom, retail, government and public sector, healthcare, oil & gas, others. The BFSI sector is expected to be the leading end use vertical, over the projection period. Banks and financial organizations are increasingly turning to application control solutions to conduct secure transactions. The BFSI vertical's successful implementation of security solutions is enabled by the availability of multiple sources in vast volumes of machine-generated network data.
In 2020, North America was estimated to hold the majority of the market share, among other regions. North America serves as a major center for all of the world's major corporations; as a result, the expansion and growth of these industries, as well as the increased adoption of technology across these industries, is boosting demand for application deployment among businesses in the region. As a result, data security has become a top issue in the region, resulting in a rise in the use of application control solutions.
Furthermore, cyberattacks in the North American region, particularly in the United States, are constantly increasing and have reached an all-time high, owing to the country's rapidly growing number of connected devices. Consumers in the United States use public clouds, and many of their mobile applications are preloaded with their personal information for banking, shopping, communication, and other purposes.
.png "North America Application Control Market 2019-2028 (USD Million)")
The major players of the global Application Control market are Broadcom Corporation, Cambium Networks, Carbon Black, Inc., Check Point Software Technologies Ltd, Cyberark Software Ltd Ivanti, Mcafee, LLC, Trend Micro Incorporated, Veracode, and Watchguard Technologies, Inc. These players have adopted various strategies, such as new product launches, partnerships, agreements, collaborations, mergers & acquisitions, and business expansions to cater to the needs of the application control market. Renowned companies are offering new and modern application control software solutions. Besides, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
To protect the organization's endpoint environment, application control is a security strategy that prevents unauthorized and undesirable programmes from running on endpoints. Application control-based solutions have a wide range of applications, including network security, server control, end-point protection, and authentication, among other benefits to the end-user business. Factors such as an increase in the number of cyber-threats, more regulatory restrictions, and the popularity of bringing your own device to work have all contributed to the market's favorable growth in recent years. Furthermore, the growing popularity of application control among major market participants in several industry verticals has aided in the solution's adoption in both developed and developing nations. As a result, the market's recent expansion has been fueled by a surge in demand for reliable and effective end-point protection.
Furthermore, end-users and regulatory agencies are increasingly focusing on enhancing overall IT security and infrastructure to minimize data loss and cyber-attacks, which is expected to drive market growth during the forecast period. However, problems such as poor enforcement of cyber-security rules among small and medium market players due to a lack of financial resources could impede market expansion.
The global application control market size was estimated to reach over USD 1.6 billion in 2020, and projected to grow with a CAGR of 5.2% over the forecast period. The constant rise in data and privacy breaches around the world can be ascribed to increasing IT vulnerabilities within businesses. Vulnerabilities are security flaws that attackers can exploit to harm programmes, cause a denial of service, and/or steal potentially sensitive data. As a result, millions of dollars have been paid out as part of the data breach settlement. The industry is growing because to escalating concerns about the growing number of vulnerabilities caused by cyber-attacks on businesses.
The COVID-19 outbreak, which started in Wuhan, China, in December 2019, has quickly spread around the world. To combat and contain the outbreak, global manufacturing closures, travel bans, and border closures have disrupted every business and economy on the planet. To prevent social isolation and curb the spread of the virus globally, various government authorities have taken precautions. As a result, lockdowns covering businesses and production units were swiftly implemented. The use of application control has been positively impacted around the world as a result of the pandemic scenario, owing to the rule out of work from home policy.
Key Segments of the Global Application Control Market
Component Overview, 2019-2028 (USD Billion)
- Solution
- Services
- Professional Services
- Managed Service
Access Points Overview, 2019-2028 (USD Billion)
- Desktops/Laptops
- Servers
- Mobiles/Tablets
- Others
Organization Size Overview, 2019-2028 (USD Billion)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Industry Vertical Overview, 2019-2028 (USD Billion)
- BFSI
- IT & Telecom
- Retail
- Government and Public Sector
- Healthcare
- Oil & Gas
- Others
Regional Overview, 2019-2028 (USD Billion)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global application control market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global application control market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the application control industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on component, access points, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global application control market. The report will benefit every stakeholder involved in the application control market.
- Managers within the application control industry looking to publish recent and forecasted statistics about the global application control market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global application control market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions, and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Application usage and data security policies are enforced
4.3.1.2 Traditional security solutions have limitations
4.3.2 Restraints
4.3.2.1 SME adoption of advanced security solutions is complicated
4.3.2.2 Opportunities
4.3.3.1 Demand for integrated security solutions is increasing across industries
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6 COVID-19 Impact Analysis
Chapter 5 Application Control Market by Component
5.1 Introduction
5.1.1 Solution
5.1.2 Services
5.1.2.1 Professional Services
5.1.2.2 Managed Service
Chapter 6 Application Control Market by Access Points
6.1 Introduction
6.1.1 Desktops/Laptops
6.1.2 Servers
6.1.3 Mobiles/Tablets
6.1.4 Others
Chapter 7 Application Control Market by Organization Size
7.1 Introduction
7.1.1 Large Enterprises
7.1.2 Small and Medium Enterprises (SMEs)
Chapter 8 Application Control Market by Industry Vertical
8.1 Introduction
8.1.1 BFSI
8.1.2 IT & Telecom
8.1.3 Retail
8.1.4 Government and Public Sector
8.1.5 Healthcare
8.1.6 Oil & Gas
8.1.6 Others
Chapter 9 Application Control Market By Region
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 South Africa
9.5.3 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Rest of South America
Chapter 10 Competitive Landscape
10.1 Overview
10.2 Strategic Initiatives
10.2.1 Mergers & Acquisitions
10.2.2 New Product Launch
10.2.3 Investments
10.2.4 Expansion
10.2.5 Others
Chapter 11 Company Profiles
11.1 Broadcom Corporation
11.1.1 Overview
11.1.2 Products and Services Portfolio
11.1.3 Recent Initiatives
11.1.4 Company Financials
11.1.5 SWOT
11.2 Cambium Networks
11.2.1 Overview
11.2.2 Products and Services Portfolio
11.2.3 Recent Initiatives
11.2.4 Company Financials
11.2.5 SWOT
11.3 Carbon Black, Inc.
11.3.1 Overview
11.3.2 Products and Services Portfolio
11.3.3 Recent Initiatives
11.3.4 Company Financials
11.3.5 SWOT
11.4 Check Point Software Technologies Ltd.
11.4.1 Overview
11.4.2 Products and Services Portfolio
11.4.3 Recent Initiatives
11.4.4 Company Financials
11.4.5 SWOT
11.5 Cyberark Software Ltd.
11.5.1 Overview
11.5.2 Products and Services Portfolio
11.5.3 Recent Initiatives
11.5.4 Company Financials
11.5.5 SWOT
11.6 Ivanti
11.6.1 Overview
11.6.2 Products and Services Portfolio
11.6.3 Recent Initiatives
11.6.4 Company Financials
11.6.5 SWOT
11.7 Mcafee, LLC
11.7.1 Overview
11.7.2 Products and Services Portfolio
11.7.3 Recent Initiatives
11.7.4 Company Financials
11.7.5 SWOT
11.8 Trend Micro Incorporated
11.8.1 Overview
11.8.2 Products and Services Portfolio
11.8.3 Recent Initiatives
11.8.4 Company Financials
11.8.5 SWOT
11.9 Veracode
11.9.1 Overview
11.9.2 Products and Services Portfolio
11.9.3 Recent Initiatives
11.9.4 Company Financials
11.9.5 SWOT
11.10 Watchguard Technologies, Inc.
11.10.1 Overview
11.10.2 Products and Services Portfolio
11.10.3 Recent Initiatives
11.10.4 Company Financials
11.10.5 SWOT
11.11 Other Companies