The Global Runtime Application Self-Protection market is growing with the 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 built 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.
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Major Key Players
- 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)
According to MRFR, The global Runtime Application Self-Protection Market is estimated to grow at 29% CAGR through the forecast period.
Growing Cases Of Data Thefts And Security Breaches Is The Prime Determinant Of The Market
The primary drivers of the runtime application self-protection market are the ever increasing cases of data and security breaches, and the prohibitive cost of non-compliance. The antecedents such as the emergence of the internet of things (IoT) and bring your own device (BYOD), increased deployment of web and cloud-based applications, and remote access technologies, is another driver of the market. The growing stringency of compliance, the increasing internet usage, and increasing density of intellectual property are other factors driving the market.
Growing E-commerce Industry Is Expected To Drive A Large Demand
Increasing e-commerce and payment card industry has led to growth in dependency on I.T. systems. The scalable nature of the business makes it attractive resulting in growing number of firms.
The market for global runtime application self-protection market is segmented on the basis of component, deployment, organization size, vertical and region. On the basis of the component, the segment is further segmented into solution and services. The solution segment consists of web applications, mobile applications, and others. The services segment consists of professional services and managed services. On basis of the deployment, the segment is further classified into on-premise and on-demand. On the basis of the organization size, the segment is further classified into small and medium enterprises and large enterprises. Runtime application self-protection market covers a wide area of application areas such as BFSI, IT and telecommunications, government, healthcare, retail, manufacturing, and many more.
North America leads the market for global runtime application self-protection market. The cybersecurity threats to the North American countries and heavy investment in making the application safe is driving the market of Runtime Application Self-Protection. Furthermore, rapid economic growth in the developing countries, along with improved regulatory reforms and economic stability is driving the runtime application self-protection market growth in Asia Pacific region. In Latin America, SMEs as well as large enterprises, belonging to a range of verticals, such as Banking, Financial Services, and Insurance (BFSI); government and defense; and IT and telecommunications, are expected to increase their investments in runtime application self-protection solutions and services.
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- Government agencies
- Runtime Application Self Protection vendors
- Independent software vendors
- Consulting firms
- System integrators
- Value-Added Resellers (VARs)
- Information Technology (IT) security agencies
- Managed Security Service Providers (MSSPs)
LIST OF TABLES
Table 1 Global Runtime Application Self-Protection Market: By Region, 2017-2022
Table 2 North America Runtime Application Self-Protection Market: By Country, 2017-2022
Table 3 Europe Runtime Application Self-Protection Market: By Country, 2017-2022
Table 4 Asia-Pacific Runtime Application Self-Protection Market: By Country, 2017-2022
Table 5 Middle East & Africa Runtime Application Self-Protection Market: By Country, 2017-2022
Table 6 Latin America Runtime Application Self-Protection Market: By Country, 2017-2022
Table 7 Global Runtime Application Self-Protection by Component Market: By Regions, 2017-2022
LIST OF FIGURES
FIGURE 1 Global Runtime Application Self-Protection Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Runtime Application Self-Protection Market
FIGURE 4 Value Chain of Global Runtime Application Self-Protection Market
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