DUBLIN, September 15, 2021--(BUSINESS WIRE)--The "Application Control Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
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.
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, file-less 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.
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.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Deployment of Applications From Various Sources Leading to Complexity in the IT Infrastructure
4.2.2 Increasing Adoption of Data Security Measures
4.2.3 Increasing Adoption of BYOD Trends in Organizations
4.3 Market Restraints
4.3.1 Impacting the End-User Experience
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.5 Assessment of Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Size of the Organization
5.1.1 Small and Medium Enterprises
5.1.2 Large Enterprises
5.2 By Component
5.3 By Type of Applications
5.3.3 Mobile Applications
5.3.4 Other Applications
5.4 By End-user Industry
5.4.3 IT and Telecom
5.4.4 Government & Defense
5.4.6 Other End-user Industries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Trend Micro Inc.
6.1.2 McAfee, LLC
6.1.3 Fortinet, Inc.
6.1.4 Ivanti Inc.
6.1.5 Checkpoint Software Technologies Ltd.
6.1.6 Veracode, Inc.
6.1.7 WatchGuard Technologies, Inc.
6.1.8 Comodo Group, Inc.
6.1.9 VMware, Inc.
6.1.10 Thycotic Software, LLC
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/k0u0fc
View source version on businesswire.com: https://www.businesswire.com/news/home/20210915005745/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900