Application control software is a security software which blocks or restricts unauthorized applications to help ensure the privacy and security of data used by and transmitted between applications. Application control software helps in identifying and controlling the application within an enterprise’s IT environment and automatically identifies trusted software that has authorization to run.
The COVID-19 pandemic is expected to positively impact the global application control software market. The number of cyber-attacks and data theft cases has increased owing to remote working and increased adoption of BYOD for office work. Demand for application control software has increased during the COVID-19 period to minimize the risk of loss and to empower enterprise security.
Increasing Breach of Data and Privacy Driving Growth of the Application Control Software Market
Consistent increase in the breach of data and privacy across the globe can be attributed to rising IT vulnerabilities within enterprises. Vulnerabilities represent security gaps that could be abused by attackers to damage applications, trigger a denial of service, and/or steal potentially sensitive information. This has resulted in payout of millions of dollars for settlement of the attack on the data. Increasing concerns on rising number of vulnerabilities due to cyber-attacks on enterprises is driving the growth of the market.
Lack of Transparency within Cloud-based Deployment of Application Control Software
Although the demand for cloud-based deployment has increased across the globe, the skepticism with regards to cloud-based security management solutions from end-users specific to data protection and fraud has increased. In the SANS Vulnerability Management Survey, the main issues for adoption of cloud application security management solution includes:
However, increased transparency and real-time information with regards to cloud-based deployment would reduce the impact of the restraint.
In terms of region, the global application control software market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the application control software market during the forecast period due to strong adoption of security solutions by small & medium enterprises to protect end-user data. The region also has very strong policies and regulations with regards to data breach which is also pushing the growth of the market within the region.
Global Application Control Software Market – Competition Landscape
Global Application Control Software Market: Segmentation
The global application control software market can be segmented based on:
Global Application Control Software Market, by Component
Based on component, the global application control software market can be divided into:
Global Application Control Software Market, by Enterprise Size
In terms of enterprise size, the global application control software market can be segregated into:
Global Application Control Software Market, by Industry
In terms of industry, the global application control software market can be segregated into:
Regional analysis of the global application control software market includes:
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