Application Control Market - Forecasts from 2024 to 2029

The application control market is anticipated to grow at a CAGR of 6.50%, thereby reaching a market size of US$3.211 billion in 2029, increasing from estimated value of US$2.344 billion in 2024.

Application control identifies traffic from various applications thereby blocking unauthorized applications from executing. The solution ensures that the application, its associated data, and its confidentiality, integrity, and availability are all properly covered.

The widespread use of mobile devices, the implementation of BYOD regulations, and organizations' ongoing efforts to establish a secured routing network to prevent data confidentiality are set to provide new growth prospects for the application control market in the coming years.

Application Control Market Drivers:

• Growing BYOD trends and technological innovations are driving the market growth.

The rising adoption of various applications across numerous end-user sectors, coupled with the growing digitization of corporate operations, is anticipated to further stimulate market growth. Organizations are investing in servers and routing networks to establish an IT infrastructure that can prevent unauthorized access. As a result, the use of application control is expanding to provide endpoint flexibility while maintaining application security and control.

Bring Your Own Device (BYOD) is quickly becoming a dominant trend in business settings where employees' access to networks and ability to work from home is expanding globally. According to the Digital Workspace Ecosystem Alliance 2022 survey, where 2,660 digital workstations were interviewed in EMEA, the Americas, and Asia Pacific, 87.2% of the respondents allowed their employees to work on their private devices. This has marked a significant uptick in the BYOD trend. The government, BFSI, and healthcare industries are among the many verticals whose use is growing and are a major driver of market expansion.

• The growing prevalence of cyberattacks has stimulated the application control market expansion.

Application control provides a secured network that improves confidential information and superior application security, thereby preventing them from malware such as ransomware and malicious exploits. As corporate culture is witnessing significant growth, the amount of data generated by organizations is at greater risk of being exploited. According to the Office of the Director of National Intelligence, in 2023, the number of ransomware attacks that occurred globally stood at 4,506, representing a significant increase of 74% over the number of attacks that occurred in 2022.

Moreover, as per the same source, major sectors such as healthcare witnessed double-digit growth, with attack prevalence reaching 214 in 2022 to 389 in 2023. Countries like the United States witnessed a major jump of 128% in their healthcare attack prevalence. With such growing ransomware and other malicious attacks, the demand for application control to secure an organization's digital footprint is also expected to increase, thereby improving its market presence.

Application Control Market Geographical Outlook

• North America will hold a significant market share.

The North American region is anticipated to constitute a considerable share of the market fueled by booming corporate digitization and cloud computing, followed by favorable investments in SaaS and software to prevent malicious threats and unwanted data breaches. According to the "Continued Threat For Personal Data: Key Factors Behind the 2023 Increase" report, data breaches for US organizations witnessed a 20% increase in the first nine months of 2023 compared to 2022.

Governments are implementing various initiatives and schemes related to data privacy to safeguard the company's data, which has further paved the way for future market growth for application control solutions.

Application Control Market Players and Products:

• Harmony Connect - Check Point's SASE Solution: Check Point Harmony Connect "Harmony Connect" is a 100% cloud service that combines numerous network security technologies, deploys in minutes, and implements zero-trust access controls with a seamless user experience for everyone.

The product is designed to prevent the most evasive cyberattacks, thereby offering the finest user experience for consultants, partners, and employees. Harmony Connect offers ZTNA, SWG, CASB, and FWaaS to secure users and branch offices with zero-trust access control, cutting-edge threat prevention, and data protection.

• Digital Guardian cloud-delivered security: AWS-powered "Digital Guardian" is a cloud-delivered security solution that works on traditional endpoints, corporate networks, and cloud apps to detect and stop threats to critical data. Delivered via the cloud, it implies easier deployment, cross-platform coverage to prevent gaps, and adaptable controls to thwart the riskiest behavior.

Digital Guardian allows one the deployment flexibility to meet its enterprise demands because it is available as a SaaS or managed service deployment.

The platform elements include Analytics & Reporting Cloud enabled by AWS to detect attacks faster and more effectively, regardless of the threat, providing the broadest visibility and control possible across various digital platform

Application Control Market Key Developments:

• March 2024: Cisco completed the acquisition of Splunk, which enabled the former to establish a network of market-leading security and observability solutions. This would enable organizations to secure their application's access and digital footprint, thereby improving their operational efficiency.
• May 2023: IBM introduced "IBM Hybrid Cloud Mesh" to enable organizations to manage their hybrid multi-cloud infrastructure. The solution automates application connectivity, management, and connectivity between private and public clouds.
• November 2022: Tata Consultancy Services extended its relationship with Randstad, to speed up the latter's cloud rationalization and application modernization. TCS will also strengthen Randstad's security posture by bringing on board, implementing, and extending the worldwide DevSecOps platform.
• November 2022: Check Point(R) Software Technologies Ltd. was granted the State of CA Software License Program (SLP) Agreements to lessen the difficulties of acquiring cyber security (application control) products.

The Application Control market is segmented and analyzed as follows:

By Device

• Personal Computers/ Laptop
• Mobiles
• Tablets
• Others

By Organization Size

• Small
• Medium
• Large

By End-User 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
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others