Runtime Application Self-Protection Market Research Report- Forecast till 2022
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.
The benefit of RASP is that it can protect a system once the attacker has entered the perimeter defenses. It has insight into the configuration, data event flows, and application logic. RASP can help in preventing attacks with high accuracy. It can differentiate between legitimate requests for information and actual attacks which lessens fake positives and permits network defenders to spend more of their time fighting real problems and lesser time in chasing digital security dead ends.
On the contrary, application performance can slow down when RASP is enforced, although how much of a hit is a source of debate between critics and advocates of the technology. The self-protecting character hit down the app, just as the dynamic nature of RASP can. If the latency becomes obvious to users, it will produce grousing within enterprises.
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The market for global runtime application self-protection is segregated on the grounds of deployment, component, vertical organization size, and region.
On the basis of the deployment, the segment is further classified into on-demand and on-premise.
On the basis of the component, the segment is further divided into services and solutions. The services segment comprises of managed services and professional services. The solution segment comprises of mobile applications, web applications, and others.
On the basis of the organization size, the vertical is further divided into large enterprises and small and medium enterprises. Runtime application self-protection market covers a broad area of applications like IT and telecommunications, BFSI, healthcare, government, manufacturing, retail, and many more.
Global Runtime Application Self-Protection Market 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.
Some of the major players are- Waratek (Ireland), Veracode (U.S.), Cigital, Inc. (U.S.), Optiv Inc (U.S), Wipro (India), WhiteHat Security (U.S.), Hewlett-Packard (U.S.), IMMUNIO (Canada), Prevoty (U.S.), VASCO Data Security International, Inc. (U.S.), Promon AS (Norway) and few others.
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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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