The application control market is expected to grow from US$ 1.71 billion in 2021 to US$ 2.24 billion by 2027. The application control market is expected to grow at a CAGR of 4.5% during the forecast period of 2021 to 2027.
The rising number of cyberattacks, coupled with a significant increase in the number of connected devices and access points, has notably increased the demand for superior monitoring and controlling of enterprise applications. As a result, the demand for extensive protection and coverage of end-point access has risen significantly and subsequently gained traction among numerous industry verticals. Thus, several market players operating in the application control market currently provide extensive business offerings that facilitate the advanced protection of enterprise applications through enabling varying degree of control such as execution, monitoring and authentication among other controls. The application control-based solutions have 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. In addition, the advancement in application control tools have facilitated the integration of forensic control that automate the validation process, enabling checks for inputs and data correctness among other niche advantages to the end users. Thus, the application control market is poised to provide numerous profitable business opportunities for the market players during the forecast period.
The ongoing global pandemic COVID-19 continues to bring long terms disruption across several major IT as well as technology sectors. For instance, several IT and other major technologies firms are anticipating in lower number business contracts across numerous industrial verticals as across manufacturing, service industry, healthcare and retail among other industrial verticals. However, selected critical industries such as BFSI, IT & telecom, aerospace & defense among others have noticed limited disruption during the pandemic across different economies owing to their significance in utilities and essential daily operations. As a result, prevalence of nation-wide lockdown to minimize the transmission of virus has moderate impact over the application control-based market players especially the small & medium enterprise owners. Moreover, the limited global business activities along with disappearing demand from end-user industries is expected to negatively influence the overall market revenue for the application control market during the 2020 resulting in decline in the market growth during the coming few years.
Currently, the global application control market is broadly segmented into component, organization size, access points, vertical, and geography. Based on component, the market is further divided into solution and service. The service component is sub segmented into professional service and managed service. By access point, the market is further categorized into desktops/laptops, servers, mobiles/tablets, and others. Based on organization size, the market is further bifurcated into large enterprise, and small and medium-sized enterprise. By vertical, the market is further categorized into government & defense, BFSI, IT & telecom, healthcare, retail, and others..
Lucrative Regions in Application control Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application control Market Insights
Rising Use of Application Control Audit Services
The scope of application control across the industries to prevent systems and devices from getting exposed to cyber-attacks is increasing. An application control audit is designed to ensure that the transactions through applications and the data it outputs are secure, accurate, and valid. The application control audit services are gaining high momentum as the applications are becoming the primary target of attack for different malicious activities. These services ensure that the software is free from errors and vulnerabilities that could be exploited by hackers.
Component -Based Market Insights
The application control market, by component, is segmented into solution and services. The application control provider offers solutions and a broad array of services to cater clientele needs. The figure given below shows that solution led the market in 2021 with a highest market share of XX.X% and is expected to continue its dominance during the forecast period of 2027
Application control Market, by Component – 2021 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Access Points -Based Market Insights
The application control market, by access point, is segmented into desktops/laptops, servers, mobiles/tablets, and others. The application control is available for desktops and laptops. In desktops, the user can limit applications on the basis of which can be installed; this would, in turn, prevent the accessing of unwanted apps and malicious activities on corporate devices. Companies such as BeyondTrust Corporation; Ivanti; McAfee, LLC; and VMware, Inc are among the providers of application control for desktops.
Enterprise Size -Based Market Insights
Based on enterprise size, the application control market is further segmented into SMEs and large enterprises. The increasing number of small enterprises globally is driving the demand for application control to manage security in their various access points and prevent data loss. Large enterprises are other users that take benefit of application control to stop attack from external threats.
Vertical -Based Market Insights
The application control market, by vertical, is further segmented into government and defense, BFSI, IT and telecom, healthcare, retail, others. IT & telecom led the market in 2020 with a highest market share. The telecom service providers are demanding simple, sophisticated, and integrated solutions to prevent their networks from external malicious virus attacks. This aspect is anticipated to increase the penetration of application control in the IT and telecom vertical.
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Application Control Market: Strategic Insights
Market Size Value in US$ 1.71 Billion in 2021 Market Size Value by US$ 2.24 Billion by 2027 Growth rate CAGR of 4.5% from 2021-2027 Forecast Period 2021-2027 Base Year 2021
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Application Control Market: Strategic Insights
| Market Size Value in | US$ 1.71 Billion in 2021 |
| Market Size Value by | US$ 2.24 Billion by 2027 |
| Growth rate | CAGR of 4.5% from 2021-2027 |
| Forecast Period | 2021-2027 |
| Base Year | 2021 |
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Players operating in the Application control market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the application control market. A few developments by key players of the application control market are:
In June 2020, WatchGuard Technologies announced the opening of a new office in Noida, India. It will represent the company’s latest investment into its aggressive R&D and IT Development initiatives and will focus on designing and building key features within the WatchGuard Cloud platform.
In February 2020, Check Point Software Technologies announced the expansion of the company’s on-going share repurchase program by an additional US$2 billion. Under this extended repurchase program, the company will continue to repurchase up to US$325 million each quarter..
Application control Market – By Component
- Solution
- Services
- Managed Services
- Professional Services
Application control Market – by Access Points
- Desktops/Laptops
- Servers
- Mobiles/Tablets
- Others
Application control Market – By Vertical
- Government and Defense
- BFSI
- IT and Telecom
- Healthcare
- Retail
- Others
Application control Market – By Organization size
- Small and Medium Enterprises
- Large Enterprises
Application control Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Russia
- UK
- Italy
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
SAM
- Brazil
- Argentina
- Rest of SAM
Application Control Market – Company Profiles
- 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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; Access Points ; Organization size ; Vertical and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
The List of Companies - Application Control Market
- 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.
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Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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