Report : Middle East and Africa Application Control Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Access Points (Desktops/Laptops, Servers, Mobiles/Tablets, and Others), Organization size (Small and Medium Enterprises and Large Enterprises), and Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, and Others)
Large Enterprises Segmentto DominateMEA Application Control Market during 2019–2027
According to The Insight Partners market research study on “MEAapplication controlmarketto 2027 – COVID-19 Impact and Regional Analysis and Forecast byComponent, Access Points, Organization Size, Vertical”is expected to reach US$ 269.48 millionby 2027 from US$ 213.64million in 2019. The market is estimated to grow at a CAGR of 3.0% from 2020 to 2027. The report provides trends prevailing in the MEAapplication controlmarketalong with the drivers and restraints pertaining to the market growth.IT threats being handled by coming up of government mandates is the major factor driving the growth of the SAM application controlmarket. However, issues associated with SMEs finding intricacies in using advanced security solutions restricts the growth ofMEAapplication control market.
The market forthe MEA application control is broadly segmented into component, organization size, access points, vertical, and country.Based on component, the market is further divided into solution and service. In 2019, the solutions segment held the largest share of MEAapplication control market. By access point, the market is further categorized into desktops/laptops, servers, mobiles/tablets, and others. Mobiles/Tablets is expected to be the fastest growing segment during the forecast period. Based on organization size, the market is further bifurcated into large enterprise, and small and medium-sized enterprise. Large Enterprise held a substantial share in 2019 of the MEA application control market. By vertical, the market is further categorized into government & defense, BFSI, IT and telecom, healthcare, retail, and others. IT and telecom led the MEA application control market in 2019.Furthermore the COVID-19 is havingterrible effect on MEA economy.In the MEA region, Iran, Saudi Arabia, Qatar, South Africa, and UAE are some of the countries with high number of COVID-19 confirmed cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. The MEA region is expected to witness a significant impact of COIVD-19 in near future owing to heavy reliance on international vendors, and authorized sales representatives due to lack of prominent solution providers in the region. The region is projected to register a swift decline in their supply of application control related solution and services owing to disruption in business activities and operations across the vendors in other regions who have had witnessed challenges in continuing IT operations owing to slow business conditions disrupting the ability to meet the service demands to another regions.
Broadcom Inc.; Cambium Networks; Check Point Software Technologies Ltd.;CyberArk Software Ltd.; DriveLock SE; Ivanti; McAfee, LLC; Trend Micro Incorporated; VMware, Inc.; WatchGuard Technologies, Inc.are among the leading companies in theMEAapplication controlmarket.The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020,CyberArk announced a new deception feature for Endpoint Privilege Manager. It is designed to defend against credential theft on workstations and servers. Deception feature enables defenders to quickly detect and proactively shut down in-progress attacks.
The report segments the MEA Application Control Market as follows:
MEA Application Control Market – By Component
MEA Application Control Market – By Access Points
MEA Application Control Market – By Organization Size
MEA Application Control Market – By Vertical
MEA Application Control Market – By Country