North America Application Control Market is expected to reach US$ 447.3 Mn by 2027

Solution Type Segment to Dominate North America Application Control Market during 2020–2027

According to a new market research study on “North America Application Control Market to 2027 – Regional Analysis and Forecast by Component, Access Point, Enterprise Size and Vertical” is expected to reach US$ 447.3 Mn by 2027 from US$ 329.5 Mn in 2019. Rising dependence on advanced technology by organizations to protect assets is among the factors to positively impact the use of data security across North America. Also, increasing spending on cyber security solutions by industries are encouraging companies to invest heavily on data security. With continuous technological advancements such as machine learning and big data, the use of various cyber security solutions is gaining high momentum within BFSI, retail, healthcare, IT & telecom companies in the region. According to Radware, over one in four security managers witnessed attacks against their organization. This aspect contributes toward the rising adoption of cyber security solutions.

Retail, technology, banking, and healthcare are emerging industries prevailing in the US. The banking industry in the US and Canada witnesses several technological advancements that improve customer experience in banking. The integration of IoT in banking application has made smart banking possible, thereby contributing to the booming BFSI industry.

In the era of continuous technological advancements, the smart devices and bring-your-own device (BYOD) concepts are receiving high traction worldwide. The emergence of BYOD is triggering modifications in enterprise operations. Greater productivity, cost-savings, benefits, and convenience are among the benefits that are promoting the adoption of BYOD. However, this transformation is heading toward serious challenges related to IT privacy and security. Companies such as Presidio provides secure management solutions, including application control and encryption enforcement to lower risks and ensure organized transition at workplaces. BYOD lacking the integrated advanced security solutions are highly exposed to malicious mobile applications, phishing, attacks, and vulnerabilities. Nearly 50% of the enterprises have allowed their staff to access their network through BYOD devices, which also adds to the probability of data breach. Therefore, to avoid such incidents, the demand for integrated security solutions is increasing as they prevent data loss, and ensure web filtering and application control. This factor would boost the application control market growth in the coming years.

 North America Application control Market, By Country, 2019 and 2027 (%)

The report segments the North America Application control market as follows:

Application control Market – By Component

• Solution
• Services

Application control Market – By Service Component

• Managed Services
• Professional Services

Application control Market – By Access Point

• Desktops/Laptops
• Servers
• Mobiles/Tablets

Application control Market – By Enterprise Size

• Small & Medium Enterprises
• Large Enterprises

Application control Market – By Vertical

• Government and Defense
• BFSI
• IT and Telecom
• Healthcare
• Retail

Application control Market- By Country

• North America
  • United States
  • Canada
  • Mexico