Now Available: Application Control Market - Global Forecast to 2020
New Computer Technology research report from Markets and Markets is now available from Fast Market Research
[USPRwire, Wed Apr 20 2016] Application Control Market by Component (Solution, Services), Access Point (Desktops/ Laptops, Mobiles/Tablets, Servers), Organization Size (SMES, Large Enterprises), Vertical, Region - Global Forecast to 2020
"The need to protect data against threats will drive the application control market"
The application control market size is estimated to grow from USD 1.25 billion in 2015 to USD 1.90 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 8.7% from 2015 to 2020. The endpoint security market is driven by factors, such as the need to protect data against threats, enforcement of application usage and data security policies, and limitations of traditional security solutions.
"BFSI vertical to gain maximum traction in application control market during the forecast period"
Full Report Details at
The Banking, Financial Services and Insurance (BFSI) vertical is expected to grow at the highest rate from 2015 to 2020, in the application control market. As the banks and financial institutions store and handle large quantities of sensitive customer financial data such as payment information, money transaction details, credit card/debit card details, account numbers, the protection of critical data, applications and endpoints are of utmost importance. The application control market is also projected to witness growth in the healthcare, retail, and IT & telecom verticals, during the forecast period.
"North America to contribute the largest market share in the application control market during the forecast period"
North America is expected to hold the largest market share and dominate the application control market from 2015 to 2020, due to the presence of a large number of security vendors. Asia-Pacific (APAC) offers potential growth opportunities, due to rise in the Bring Your Own Device (BYOD) trend in small and medium enterprises and large enterprises, which has given a rise to the usage of portable devices and safeguarding those endpoints against potential targeted threats.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:
* By Company Type: Tier 1 - 55 %, Tier 2 - 20% and Tier 3 - 25%
* By Designation: C level - 60%, Director level - 25%, Others - 15%
* By Region: North America - 10%, Europe - 20%, APAC - 40%, RoW - 30%
Due to rise in the demand for integrated security solutions and increasing adoption of BYOD trend, the application control market finds huge opportunity to proliferate in the next five years.
The various key application control vendors profiled in the report are as follows:
1. Symantec Corporation
2. Intel Security
3. Trend Micro
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