The application control market in Asia-Pacific was valued US$ 421.5 million in 2019 and is projected to reach US$ 649.7 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.
The traction toward integrated security solutions is growing as these solutions allow the companies to eradicate chances of theft and data loss while enabling quick response as well as staff and customer traffic monitoring. The integrated security solutions are developed to assist critical firms in protecting their confidential information. Credit unions, banks, and other financial institutions are adopting integrated security solutions to reap their benefits. The banking industry deals with enormous personal data of individuals and banks. DGA Security, Tyco Integrated Security, and PACOM System Pty Ltd., are among the providers of integrated security solutions for the banking industry. The financial service providers demand more stringent security solutions to protect the data regarding institution’s interests, along with property, asset, and customer information. The integrated security solutions generate detailed access reports and conduct security audits. The integrated security software and services assist in protecting banks against internal and external threats by facilitating better protection to bank employees, assets, customers, branches, and bank office operations.
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.
In terms of component type, the solution segment led the Asia-Pacific application Control market in 2019 the largest share, and it is expected to continue to be the largest shareholder during the forecast period. However, the services component type segment is expected to grow at the highest CAGR in the application control market during the forecast period. The application control solution is provided with range of services. It includes professional, managed, and consulting services along with application control solution to ensure customer satisfaction. Beginning from training courses to remarkable customer support, the application control providers help in maximizing the potential of user’s investment.
The Asia-Pacific application control market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia-Pacific application control market with respects to all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia-Pacific application Control market. A few of the players operating in the Asia-Pacific application Control market are Broadcom, Inc, McAfee, LLC, Ivanti, VMware, Inc., Trend Micro Incorporated, Check Point Software Technologies Ltd. and Cambium Networks, among others.