The global runtime application self-protection market is growing at a rapid pace; mainly due to the rising security concerns and increasing number of DDOS attacks. According to a recent study report published by the Market Research Future, the global market of runtime application self-protection is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
Runtime application self-protection (RASP) is a security technology that is specially designed to build into an application and can detect and then prevent real-time application attacks. It prevents attacks by self-protecting or reconfiguring automatically without human intervention in response to certain conditions. RASP basically embeds security into the running application where it resides on the server. It then intercepts all calls to the system to ensure the security.
- Prevoty, the leader in runtime application self-protection (RASP) recently announced its latest version of Prevoty RASP, including major breakthroughs making Prevoty the first and only completely autonomous solution for runtime application self-protection.
- Avocado Systems, the Silicon Valley innovator of next-gen application security for data centers and clouds, introduced its new approach to deterministic Runtime Application Self-Protection (RASP). Avocado’s vRASP solution protects runtime applications deterministically from existing and emerging threats and eliminates the many false-positives created by current solutions.
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The market of runtime application self-protection appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants are forming a competitive landscape. North-America is dominating the global runtime application self-protection market with the largest market share due to the large presence of prominent vendors in this region.
Security firm Trend Micro Inc. has acquired Montréal, Canada-based Immunio Inc., a startup specializing in web application security, for an undisclosed price. Founded in 2013, Immunio sells a platform that offers runtime self-protection technology, which protects web apps against application-layer attacks. The platform offers protection services and hardens applications against common attacks targeting typical security weaknesses such as poor authentication and session management, code vulnerabilities, drive-by attacks and cross-site scripting or XSS attacks.
Asia Pacific offers growth opportunities for the RASP Market to grow, as countries in this region are investing heavily in deploying RASP and compliance management solutions. The increasing dependence on the internet has increased vulnerabilities, providing opportunities for hackers and attackers. Many SMEs and large enterprise within the Asia Pacific region have been investing in the cybersecurity, owing to rising major issues of security breaches. The increasing number of cyber-attacks at the application layer, growing web and mobile application, and stringent government bylaws are anticipated to further propel the market growth in the Asia-Pacific region.
VASCO Data Security International, Inc., a global leader in digital solutions including identity, security, and business productivity, announced its ability to help organizations detect and mitigate mobile application overlay attacks through added functionality in the DIGIPASS for Apps Runtime Application Self-Protection (RASP) module.
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Some of the key players are- Veracode (U.S.), Waratek (Ireland), Cigital, Inc. (U.S.), Wipro (India), Optiv Inc (U.S), Hewlett-Packard (U.S.), WhiteHat Security (U.S.), VASCO Data Security International, Inc. (U.S.), IMMUNIO (Canada), Prevoty (U.S.), Promon AS (Norway) among others.
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