The application control market size is projected to reach US$ 2,747.36 million by 2031 from US$ 1,871.03 million in 2023. The market is expected to register a CAGR of 4.9% in 2023–2031. The rising adoption of the bring-your-own-device (BYOD) trend among consumers is likely to remain a key application control market trend.
The application control market is growing at a rapid pace due to the increasing demand for application control solutions for mitigating insider threats and growing security concerns among consumers for protecting their data against threats. The market is expanding steadily, driven by the limitation of traditional security solutions and increasing awareness among consumers related to the significant benefits provided by application control solutions. Moreover, the rising demand for enhanced visibility and control among businesses and the growing demand for integrated security solutions are providing lucrative opportunities for market growth.
Application control is a technology that allows apps on a network to be uniquely recognized by their traffic. It enables businesses to create and apply extremely sophisticated security and routing protocols based on the origin of a specific traffic flow. It is a security software that helps to protect the privacy and security of information used and changed by applications by banning or restricting illegal programs that could harm the organization. Application control compares different network traffic types to established models. The traffic must adhere to specified standards in order for the computers to communicate with one another. These specific standards must be known and understood so that the application control can distinguish between different sorts of traffic.
Rising concern among consumers related to protecting their data from cyberattacks is driving the market. Application control solutions support the user in mitigating insider threats by restricting the execution of certain applications that may pose a risk to data. For instance, firms are using application control solutions to prevent employees from running unapproved or unauthorized applications. This reduces the likelihood of insider-related data breaches. Hence fueling the market during the forecast period.
Application control solutions are helping businesses by providing enhanced visibility and control over the software running on their networks and systems. These solutions support administrators by providing enhanced visibility and control to monitor applications' identity, usage, and potential security risks and impose policies for ensuring compliance with security practices, which is expected to create opportunities in the market during the forecast period. Moreover, the demand for enhanced visibility and control is highly essential for businesses to secure and compliant IT environments, specifically for industries that are dealing with strict regulatory requirements.
Key segments that contributed to the derivation of the application control market analysis are component, access points, organization size, and vertical.
The geographic scope of the application control market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest application control market share, due to the presence of a large number of security suppliers. The growing adoption of cloud-based applications and increasing demand for regional data centers is fueling the market. Moreover, a growing number of cyberattacks in countries including the US, Canada, and Mexico are creating significant growth opportunities for the market in the near future.
The regional trends and factors influencing the Application Control Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Application Control Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1,871.03 Million |
| Market Size by 2031 | US$ 2,747.36 Million |
| Global CAGR (2023 - 2031) | 4.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Application Control Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Application Control Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The application control market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for application control and strategies:
The “Application Control Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global application control market was estimated to be US$ 1,871.03 million in 2023 and is expected to grow at a CAGR of 4.9% during the forecast period 2023 - 2031.
The increasing demand for application control solutions for mitigating insider threats and growing security concerns among consumers for protecting their data against threats are the major factors that propel the global application control market.
The rising adoption of the bring-your-own-device (BYOD) trend among consumers to play a significant role in the global application control market in the coming years.
The key players holding majority shares in the global application control market are Broadcom Corporation, Cambium Networks, Carbon Black, Inc., Check Point Software Technologies Ltd, and Cyberark Software Ltd.
The global application control market is expected to reach US$ 2,747.36 million by 2031.
The incremental growth expected to be recorded for the global application control market during the forecast period is US$ 876.33 million.