Runtime Application Self-Protection Industry Profits, Comprehensive Landscape, Current and Future Growth by Forecast to 2027 | Coronavirus Effects
Market Highlights
As per a recent analysis report published by the Market
Research Future, the global market of runtime application self-protection is
propelling and is estimated to fetch importance during the review period. The
global runtime application self-protection market 2020 is expanding at a robust
pace primarily because of rising security threats and rising number of DDOS
attacks. The market is estimated to expand at a CAGR of 29% by 2022, dominating
its previous growth records with respect to value with a notable CAGR during
the review period from 2016 to 2022.
RASP
technology offer enhances activities, such as application configuration, event
flows, logic, and data. This aids in achieving improved security accuracy by
detection and prevention of malware attacks. Besides, the feature of
self-protecting data that is allowed by runtime application self-protecting
aids organizations meets some cyber regulatory requirements. Moreover, even if
self-protected data is hacked, it cannot be read. The growing cases of a
security breach are promoting the adoption of technology. These
On
the downside, deployment of self-protecting technology can curb down the speed
of the application. This is likely to hinder the expansion of the global RASP
market. However, the elimination of this issue looks feasible with
technological advancements. This, in turn, is expected to counter the slowdown
of the growth of the runtime application self-protection market.
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Segmentation:
The
worldwide market of runtime application self-protection is assessed by
deployment, component, vertical, and organization size. By component, the
market is sectioned into services and solutions. The solution segment comprises
mobile applications, web applications, and others. The services segment
comprises managed services and professional services. By deployment, the market
is sectioned into on-demand and on-premise. By organization size, the market is
segmented large enterprises and small and medium enterprises. By vertical, the
market is sectioned into IT and telecommunications, BFSI, healthcare,
government, manufacturing, retail, and others.
Regional Analysis
The Asia Pacific is a potential market and offers to
expand opportunities for the runtime application self-protection market to
expand, as nations in this region are spending large amounts in deploying runtime
application self-protection and compliance management solutions. The rising
dependence on the internet has added to the vulnerabilities, making it a potent
region for hackers and attackers. Several SMEs and large enterprises within the
APAC region have been spending in the cybersecurity, due to the rising several
issues of security breaches. The rising number of cyber threats and attacks at
the application layer, expanding web and mobile applications, and strict
government by-laws are estimated to further expand the market expansion in the
APAC region.
North America dominates the global runtime application
self-protection market. The cybersecurity concerns to the countries of North
American and large investment in making the application safe is bringing impact
on the market of Runtime Application Self-Protection. Additionally, robust
economic expansion in the emerging economies, coupled with better
administrative reforms and economic cohesion is affecting the runtime
application self-protection market expansion in the APAC region. In Latin
America, Small-medium enterprises as well as large enterprises, associated to a
broad range of verticals, such as IT and telecommunications, government and
defense, Banking, Financial Services, and Insurance (BFSI), and are estimated
to bring a rise in their investments in runtime application self-protection
solutions and services.
Key Players
MRFR
listed major players of the runtime application self-protection market. They
are; Waratek (Ireland), Veracode (U.S.), Wipro (India), Cigital, Inc. (U.S.),
Hewlett-Packard (U.S.), Optiv Inc (U.S), VASCO Data Security International,
Inc. (U.S.), WhiteHat Security (U.S.), Prevoty (U.S.), IMMUNIO (Canada), Promon
AS (Norway), and others. Key players are coming up with innovations that can
offer better protection solutions and empower applications against attacks.
They are developing self-protection solutions that can encounter typical
security weakness issues, such as code vulnerabilities, poor authentication and
session management, drive-by attacks, and XXS attacks. As most companies make
deliberate efforts in designing effective solutions, the competition among them
is intensifying. It is likely to work in favor of the global worldwide runtime
application self-protection market. As per MRFR analysis, the global runtime
application self-protection market is observed to great potential to expand.
The competitive landscape is changing because of the expansion of the product
portfolio by renowned runtime application self-protection developers. This is
accelerating the growth of the global market. New entrants are adding momentum
to the market growth. MRFR also states that the market appears highly
competitive owing to the change in the market scenario.
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Global
Runtime Application Self-Protection Market Research Report: By Component
(Solution, Service), Deployment (On-Premise, On-Demand), Organization Size
(SME, Large Enterprise), Application (Government, Banking, Healthcare) –
Forecast till 2022
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