Application Control Market is expected to grow at a healthy CAGR

application control market

Knowledge Sourcing Intelligence releases the publication of a new analysis report on the market “Application Control Market – which is projected from 2022 to 2027”.

Application control software is a type of security software that detects and disables illegal apps to protect the privacy and security of data utilized by and sent between applications. Application control software aids in the identification and control of applications inside an enterprise’s IT environment, as well as the automatic identification of trustworthy software that has permission to execute. Furthermore, according to the FBI’s Internet Crime Report 2021, the public filed a record 847,376 cyber-crime complaints to the FBI, a 7% increase over 2020. Because application management services give a more protected and efficient management approach to people’s and companies sensitive information, this is projected to be a prominent driver expanding the market size for application control.

As per the report, the market for Application Control Market is expected to grow at a steady pace.  

The rising trend of adoption of diverse apps across multiple end-user industries is the key driver of this rise. Furthermore, the increasing digitalization of business activities across sectors is expected to fuel market share. Employees are increasingly utilizing these programs on different PCs and mobiles in the workplace, and firms are running servers on a range of operating systems, which can result in cyber threats at any time. As a result, the implementation of application control is increasing to preserve application security and control while maintaining endpoint flexibility.

Based on devices, the application control market is segregated into personal computers/laptops, mobiles, tablets, and others. The personal computer/laptop segment is anticipated to account for a significant amount of share the market due to its wide range of applicability and the high requirement for application control software.

Based on the organization’s size, the application control market is classified into small, medium, and large. With the increasing number of small enterprises globally, the market is producing the maximum number of sales from this segment as the demand rises.

Based on the industry, the application control market is divided into BFSI, healthcare, energy and power, manufacturing, education, government, communication and technology, and others. When compared to other end-users, the BFSI business confronts various data security concerns, which are important driving forces for the implementation of application control solutions in the industry. Because of the high sensitivity of data, the industry is subject to numerous sorts of cybercrime. Furthermore, the BFSI market share is the most profitable for hackers and cybercriminals, according to a Singapore-based cyber security firm CloudSEK. CloudSEK, a cybersecurity research platform, recorded 283 incidences in the first half of 2022, compared to 469 in 2021. Therefore, the BFSI segment will generate revenue for the market share during the projected period.

Based on geography segmentation, the application control market is segmented into North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions. North America is a key center for all the world’s major organizations, the expansion, and development of these sectors, with greater use of technology across all these industries, is boosting demand for application deployment among firms in the area. Cyberattacks in the North American area, particularly in the United States, are fast expanding and have hit an all-time high, owing mostly to the country’s rapidly growing number of devices. As a result, data security has become a regional concern, increasing the region’s usage of application control solutions. For instance, according to the European Union, one in every two North American internet users will have their accounts compromised by 2021.

As a part of the report, the major players operating in the application control market, that have been covered are key players in the application control market including Symantec Corporation, Trend Micro Incorporated, Intel Security, Cyberark Software Ltd., Check Point Software Technologies Ltd, Digital Guardian (Fortra LLC), Ivanti, Carbon Black (VMware, Inc.), Thycotic.

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This analytics report segments the application control market on the following basis

  • By Devices
    • Personal Computer/Laptop
    • Mobiles
    • Tablets
    • Others
  • By Organization Size
    • Small
    • Medium
    • Large
  • By Industry
    • BFSI
    • Healthcare
    • Energy and Power
    • Manufacturing
    • Education
    • Government
    • Communication and Technology
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others