The global application control market size is likely to attain over USD 1.6 billion by the year 2028. Besides, it is likely to project a CAGR of nearly 5.2% during the forecast years 2021-2028. Application control market is driven by the rise in the adoption of the Bring Your Own Device (BYOD) trend and the usage of mobile devices to access organizational data. The adoption of application control is due to a rise in the demand for integrated security solutions.
The present and future application control market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the application control market opportunities during the forecast year are factors such as the limitation of traditional security solutions, demand for application control software, and increased transparency and real-time information with regards to cloud-based deployment are the key factor driving the market growth for application control market.
Also, the demand for extensive protection and coverage of end-point access are another factors driving the market growth. Furthermore, the increase in the adoption of cloud platform and the increasing digitization of business processes across industries is likely to provide lucrative development opportunities for the application control market in the forthcoming years.
The report also emphasizes several distinctiveness of the global application control industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the application control industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The application control market has tough competition among the new emerging and pre-established market vendors. Besides, the application control industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the organization, the market is categorized into small and medium-sized enterprises and large enterprises. The SMEs is predicted to achieve the largest growth during the forecast years 2021-2028 due to the increased digitalization among SMEs. The adoption of IoT, Servers, and AI are 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
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the application control market in this region is mostly ascribed due to strong adoption of security solutions by small & medium enterprises to protect end-user data. The region also has very strong policies and regulations with regards to data breach which is also pushing the growth of the market within the region. However, the implementation of application control market is increasing in Asia Pacific region as it provides the greatest growth prospects due to the launch of your own system (BYOD) to account for the maximum market contribution during the forecast years. The domination of this region is largely ascribed to the large number of growing ecenomies.
The major players of the global application control market are Trend Micro Inc., McAfee, LLC, Fortinet, Inc., Ivanti Inc., Checkpoint Software Technologies Ltd., Veracode, Inc., WatchGuard Technologies, Inc., Comodo Group, Inc., VMware, Inc., Thycotic Software, LLC, Symantec Corporation, Intel Security, CyberArk, Digital Guardian, and HEAT Software USA Ltd.Renowned companies are offering new and modern application control software solutions. In addition, 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.
Segment Overview of Global Application Control Market
Component Overview, 2021-2028 (USD Million)
- Managed Services
- Professional Services
Access Point Overview, 2021-2028 (USD Million)
Organization Size Overview, 2021-2028 (USD Million)
- Large Enterprises
Vertical Overview, 2021-2028 (USD Million)
- Government & Defense
- IT & Telecom
- Oil & Gas
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Saudi Arab
- South America
- Rest of South America