The Application Control Market is expected to grow US$ 2.24 billion by 2027. with a CAGR of 4.5% during the forecast period.
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.
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Presently, the global application control market includes a significant number of market players with regional focus and diverse business offerings. Broadcom Corporation; Cambium Networks; Carbon Black, Inc.; Check Point Software Technologies Ltd; Cyberark Software Ltd; Ivanti; Mcafee LLC, Trend Micro Incorporated; Veracode; and Watchguard Technologies, Inc. are among the various notable market players operating in the market.
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. As per Cyberchats 2018, the technology industry is a colossal component of the US economy. The integration of several disruptive technologies, such as IoT, AI, and machine learning, accentuates the performance of various industries. The adoption of application control reduces the risk and associated threats of business activities in the industries.
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