Application control is a security method that prohibits illegal and undesired programmes from running on endpoints in order to secure the organization's endpoint environment. Network security, server control, end-point protection, and authentication, among other benefits to the end-user business, are all applications of application control-based systems. More cyber-threats, increased regulatory limitations, and the attractiveness of bringing your own device to work have all contributed to the market's positive rise in recent years. Furthermore, the solution's acceptance in both established and emerging countries has been supported by the growing popularity of application control among important market participants in numerous industrial verticals. As a result, a surge in demand for reliable and effective end-point protection has propelled the market's recent expansion.
Additionally, end-users and regulatory agencies are increasingly focused on improving overall IT security and infrastructure to reduce data loss and cyber-attacks, which is likely to boost market growth over the projection period. However, issues such as a lack of financial resources preventing small and medium market actors from enforcing cyber-security laws could stymie industry progress.
Increased IT vulnerabilities within firms are to blame for the steady rise in data and privacy breaches around the world. Vulnerabilities are security weaknesses that can be exploited by attackers to harm programmes, create a denial of service, and/or steal potentially sensitive data. As a result, the data breach settlement has resulted in millions of dollars being paid out. Because of growing concerns about the expanding number of vulnerabilities caused by cyber-attacks on enterprises, the sector is growing.
The COVID-19 outbreak, which began in December 2019 in Wuhan, China, has fast spread around the world. Global factory shutdown, travel bans, and border closures have impacted every industry and economy on the earth in order to combat and control the outbreak. Various government bodies have taken efforts to prevent social isolation and the global spread of the illness. As a result, businesses and production units were quickly placed under lockdown. Because of the rule out of work from home policy, the use of application control has been positively impacted around the world as a result of the pandemic scenario.
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.
The market is divided into BFSI, IT & telecom, retail, government and public sector, healthcare, oil & gas, and others, depending on the industry vertical. Over the forecast period, the BFSI sector is predicted to be the leading end-use vertical. To perform safe transactions, banks and financial institutions are increasingly turning to application control solutions. The availability of many sources in enormous volumes of machine-generated network data allows the BFSI vertical to successfully apply security solutions.
North America, among other regions, is expected to occupy the majority of the market share in 2020. As a result, the expansion and growth of these industries, as well as the increased adoption of technology across these industries, is driving up demand for application deployment among enterprises in the region. As a result, data security has risen to the top of the region's priority list, prompting an increase in the adoption of application control solutions.
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. 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, 2019-2028 (USD Billion)
- Professional Services
- Managed Service
Access Points Overview, 2019-2028 (USD Billion)
Organization Size Overview, 2019-2028 (USD Billion)
- Large Enterprises
- Small and Medium Enterprises (SMEs)
Industry Vertical Overview, 2019-2028 (USD Billion)
- IT & Telecom
- Government and Public Sector
- Oil & Gas
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America