Application Control Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Application Control Market is Segmented by Component (Solution, Services), Size of the Organizations (Small and Medium Enterprises, Large Enterprises), Type of Applications (Web-based, Cloud-based, Mobile Applications), End-user Industry (BFSI, Healthcare, Government and Defense, IT & Telecom, Retail), and Geography.

Market Snapshot

Application Control Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Application Control Market is expected to register a CAGR of approximately 8% during the forecast period (2021 - 2026). The increasing usage of various applications across various end-user industries is the major factor driving this growth. Also, the increasing digitization of business processes across industries is expected to further act as a catalyst for market growth.

  • With the increased employment of software applications in different industries, and the growing trend of remote working culture in enterprises, employees are increasingly using these applications different PCs and mobiles in the offices, and companies are running servers on a variety of operating systems, which can lead to cyber threats at any instance. Hence, the deployment of application control is on the rise to maintain application security and control, supporting the endpoint flexibility.
  • The rapidly increasing adoption of the BYOD trend and other mobility solutions is expected to adopt application control solutions further. Bring Your Own Device (BYOD) is emerging as a leading trend in the enterprises, where flexibility, and network accessibility for employees for various organizations is increasing globally, trends like BYOD make the workplace more productive.
  • According to Cisco, enterprises with a BYOD policy in place saves on average USD 350 per year, per employee. Moreover, reactive programs can boost these savings to as much as USD 1,300 per year, per employee. For Small to Medium Businesses (SMBs), these cost savings can add up fast and enable these SMB’s to protect their bottom line better while improving employee productivity. Hence, similar developments and trends are expected to boost the adoption of application control solutions amongst organizations to strengthen the security of their enterprise applications.

Scope of the Report

Application control is a comprehensive solution and allows businesses and organizations to reduce the risks and threats associated with application usage and enhance the security of applications. The solution ensures proper coverage and the confidentiality, integrity, and availability of the application and its associated data.

By Size of the Organization
Small and Medium Enterprises
Large Enterprises
By Component
Solutions
Services
By Type of Applications
Web-based
Cloud-based
Mobile Applications
Other Applications
By End-user Industry
BFSI
Healthcare
IT and Telecom
Government & Defense
Retail
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

BFSI Industry Expected to Exhibit Significant Adoption

  • The BFSI industry faces several challenges regarding its data security as compared with other end-users, which are the major driving forces for the deployment of application control solutions in the industry. The industry is vulnerable to various types of attacks from cyber criminals due to the high sensitivity of data. According to Verizon’s 2019 Data Breach Investigations Reports, 10% of breaches were of the Financial industry.
  • The industry is frequently faced with sophisticated and persistent attacks, which include malware, ransomware, social engineering and phishing attacks, fileless malware, rootkits, and injection attacks. Accenture estimates an average loss of USD 18 million per year at financial services institutions. Both zero-day attacks and ransomware are on the rise. Ransomware especially can negatively affect financial workflows, inflicting costly downtime, and further damaging business reputations.
  • Accops Systems, a developer and provider of Secure Workspace Virtualization solution, recently released a step-by-step compliance structure including the steps Urban Cooperative Banks (UCBs) can adopt to adhere to the cybersecurity guidelines mandated by RBI. Accops delivers business applications with the highest security and efficiency. Such trends and initiatives are expected to boost the adoption of Application Control solutions in the industry.
Picture2.png

North America is Expected to Dominate the Market

  • North America is a primary hub for all the major organizations across the world; hence, the expansion and growth in these industries, coupled with increased adoption of technology across these industries, is driving the demand for the deployment of applications amongst enterprises in the region. Thus, securing the data has become a priority in the region, in turn increasing the adoption of application control solutions in the region.
  • Moreover, cyberattacks in the North American region, especially in the United States are rising rapidly and have reached an all-time high, primarily owing to the rapidly increasing number of connected devices in the region. In the United States, consumers are using public clouds, and many of their mobile applications are preloaded with their personal information for the convenience of banking, shopping, communication, etc.
  • Recently, in October 2019, the three healthcare providers operated by DCH Health Systems in the country were attacked by ransomware strain known as Ryuk. All these healthcare centers have implemented emergency procedures to ensure the safety of their patients, and the company is working on the attack diagnosis. Such cyberattacks are expected to increase in the country across the domains, which may fuel the demand for cybersecurity solutions in the market. Such trends and instances further augmenting the demand for application control solutions in the region, as a necessary tool for strengthening the security of data in applications in the enterprises.
Picture3.png

Competitive Landscape

The competitive landscape of the Application Control Market is moderately fragmented owing to the presence of several solution providers across the globe. These solution providers are increasingly innovating to provide enhanced solutions in the market. The market players are also strategically collaborating to further strengthen their global foothold and market presence.

  • March 2020 - ManageEngine, the IT management division of Zoho Corporation, launched the Application Control Plus, advanced enterprise security software that brings together endpoint privilege management and application control capabilities. The move gives organizations greater authority over their critical applications by enabling control processes based on Zero Trust and threat prevention.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Deployment of Applications From Various Sources Leading to Complexity in the IT Infrastructure

      2. 4.2.2 Increasing Adoption of Data Security Measures

      3. 4.2.3 Increasing Adoption of BYOD Trends in Organizations

    3. 4.3 Market Restraints

      1. 4.3.1 Impacting the End-User Experience

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Assessment of Impact of Covid-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Size of the Organization

      1. 5.1.1 Small and Medium Enterprises

      2. 5.1.2 Large Enterprises

    2. 5.2 By Component

      1. 5.2.1 Solutions

      2. 5.2.2 Services

    3. 5.3 By Type of Applications

      1. 5.3.1 Web-based

      2. 5.3.2 Cloud-based

      3. 5.3.3 Mobile Applications

      4. 5.3.4 Other Applications

    4. 5.4 By End-user Industry

      1. 5.4.1 BFSI

      2. 5.4.2 Healthcare

      3. 5.4.3 IT and Telecom

      4. 5.4.4 Government & Defense

      5. 5.4.5 Retail

      6. 5.4.6 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 North America

      2. 5.5.2 Europe

      3. 5.5.3 Asia-Pacific

      4. 5.5.4 Latin America

      5. 5.5.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Trend Micro Inc.

      2. 6.1.2 McAfee, LLC

      3. 6.1.3 Fortinet, Inc.

      4. 6.1.4 Ivanti Inc.

      5. 6.1.5 Checkpoint Software Technologies Ltd.

      6. 6.1.6 Veracode, Inc.

      7. 6.1.7 WatchGuard Technologies, Inc.

      8. 6.1.8 Comodo Group, Inc.

      9. 6.1.9 VMware, Inc.

      10. 6.1.10 Thycotic Software, LLC

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Application Control Market market is studied from 2018 - 2026.

The Application Control Market is growing at a CAGR of 8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Trend Micro Inc., McAfee, LLC, Fortinet, Inc., Ivanti Inc., Checkpoint Software Technologies Ltd. are the major companies operating in Application Control Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!