29 May 2019, Global runtime
application self-protection (RASP) security market is anticipated to
witness an exponential growth in the forecast period. Runtime application
self-protection (RASP) allows real-time application protection by identifying
and blocking any malicious attacks. The factors that propel the growth of the
market include implementation of the BYOD policy, growing acceptance of
technologically progressive solutions has introduced many security threats
related with enterprise applications and increase in sophisticated cyber
threats for serious information theft.
On the other hand, there are factors
that may hamper the growth of the market including emerging threats from
open-source RASP security solutions. The market is anticipated to expand at a
significant CAGR of 49.68% in the upcoming period as the scope, product types,
and its applications are increasing across the globe.
Runtime application self-protection
(RASP) security market could be explored by solution, component, service,
deployment mode, organization size, vertical and geography. Market could be
explored by solution as Web Applications, Mobile Applications, others (Embedded
Software, Packaged Software and Hosted Software). Based on the component, the
market could span as Services and Solutions. The “Services” segment led the
market in 2017 and will continue to lead in the forecast period. The market
could be explored based on service as Managed services and Professional
services.
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Based on the deployment mode, the market could span Cloud
and On-premises. The “Cloud-based” segment led the market in 2017 and will
continue to lead in the forecast period. The key factors that may be attributed
to the growth of the market includes improved management capabilities and
fastest-growing deployment mode. The market could be explored by organization
size as Large enterprises and Small and Medium-sized Enterprises (SMEs).
The market could be explored by vertical as Financial
Services, and Insurance (BFSI), Banking, Government and defense, IT and
telecommunications, Manufacturing, Energy and utilities, Retail, Healthcare and
Others (transport and logistics, media and entertainment, and education).
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| Runtime Application Self-Protection Security Market |
North America accounted for the major share of the
runtime application self-protection (RASP) security market in 2017 and will
continue to lead in the forecast period. The factors that could be attributed
to the growth include growing difficulties in mobile and web applications,
along with meeting severe compliance rules, advancement in the technologies
such as the Internet of things (IoT) and cloud solutions. Furthermore, North
America is followed by Asia-Pacific region in the forecast period owing to the
rising need for data in the organization and protect critical applications,
stringent regulatory compliances, and non-involvement of security professional
during SDLC.
Some of the key players that fuel the growth of the
runtime application self-protection (RASP) security market comprise HP,
Digital, WhiteHat Security, Veracode, Waratek, Contrast Security, Arxan
Technology, IMMUNO, CyberGRC, Vasco, and Prevoty. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
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