Report : South America Application Control Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Solutions and Services), Access Points (Desktops/Laptops, Servers, Mobiles/Tablets, and Others), Organization size (Small and Medium Enterprises and Large Enterprises), and Vertical (Government and Defense, BFSI, IT and Telecom, Healthcare, Retail, and Others)
IT and Telecom Segment to Dominate SAM Application Control Market during 2019–2027
According to a new market research study on “SAM application control market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Component, Access Points, Organization Size, Vertical” is expected to reach US$ 143.13 million by 2027 from US$ 118.96 million in 2019. The market is estimated to grow at a CAGR of 2.4% from 2020 to 2027. The report provides trends prevailing in the SAM application control market along with the drivers and restraints pertaining to the market growth. Countering IT threats by launching government is the major factor driving the growth of the SAM application control market. However, issues associated with finding difficulties in accepting advanced security solutions restricts the growth of SAM application control market.
The market for the SAM application control is broadly segmented into component, organization size, access points, vertical, and country. Based on component, the market is further divided into solutions and service. In 2019, the solutions segment held the largest share of SAM application control market. By access point, the market is further categorized into desktops/laptops, servers, mobiles/tablets, and others. Mobiles/Tablets is expected to be the fastest growing segment during the forecast period. Based on organization size, the market is further bifurcated into large enterprise, and small and medium-sized enterprise. Large Enterprise held a substantial share in 2019 of the MEA application control market. By vertical, the market is further categorized into government & defense, BFSI, IT and telecom, healthcare, retail, and others .IT and telecom led the SAM application control market in 2019. Furthermore the COVID-19 pandemic is badly impacting the SAM region. The SAM region is predominantly dominated by selected number of countries such as Brazil, Argentina and Ecuador among selected few others Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions, thus having direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. Moreover, the region also significantly constitutes various island nations and small countries accounted consolidated demand for application control solutions and services. In order to mitigate the impact of COVID-19 various restrictions in the several prominent countries in the SAM region is likely to cause a negative impact in demand for application control market.
Broadcom Inc.; Cambium Networks; Check Point Software Technologies Ltd.; Ivanti; McAfee, LLC; Trend Micro Incorporated; VMware, Inc.; WatchGuard Technologies, Inc. are among the leading companies in the SAM application control market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, McAfee announced new innovations to its cloud-native MVISION platform with the availability of Unified Cloud Edge (UCE), which provides unified data and threat protection from the device level to the cloud. The benefits of UCE include high visibility and consistent control over data from device to cloud; consistent threat protection with unified management and investigation; and direct-to-cloud architecture with enterprise-scale and resilience.
SAM Application Control market, By Country, 2019 and 2027 (%)
The report segments the SAM Application Control Market as follows:
SAM Application Control Market – By Component
SAM Application Control Market – By Access Points
SAM Application Control Market – By Organization Size
- Small and Medium Enterprises
- Large Enterprises
SAM Application Control Market – By Vertical
- Government and Defense
- IT and Telecom
- Health Care
SAM Application Control Market – By Country
- Rest of SAM
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