Global Application Controls Market to Reach $3.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Application Controls estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$3.5 Billion by 2027, growing at aCAGR of 6.6% over the period 2020-2027. SMEs, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium & Large Enterprises segment is readjusted to a revised 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $656.4 Million, While China is Forecast to Grow at 6.1% CAGR
The Application Controls market in the U.S. is estimated at US$656.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$605.5 Million by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.We bring years of research experience to this 7th edition of our report. The 126-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Carbon Black
- Check Point Software Technologies Ltd.
- CyberArk Software Ltd.
- Digital Guardian, Inc.
- McAfee LLC
- Symantec Corporation
- Trend Micro, Inc.