Runtime Application Self-Protection (RASP) Market size was valued at $5.4 Million in 2019, and it is estimated to grow at a CAGR of 46% during 2020-2025. RASP solutions are capable of controlling the application's runtime execution to analyze performance and behavior. Companies use RASP tools to add a level of self-protection to applications in addition to other application security technologies such as web application firewalls. These tools perform a specific security task, but often work in tandem with other security and application monitoring technologies. Runtime application self-protection (RASP) is the term used to describe the variety of detection methods and defensive actions an app can employ to prevent code reverse-engineering, tampering, and other attacks. Hence these benefits are analyzed to drive the market in the forecast period 2020-2025.
Deployment- Segment Analysis
Cloud deployment is growing at a highest CAGR of 50.2% in the forecast period owing to its offers operational flexibility and real-time deployment ease to companies than on-premises deployment mode. It also offers numerous benefits, including reduced operational costs, simple deployment process, and higher scalability in terms of connected resources. Additionally, the cost-effective cloud-based solutions ease installation when compared to the on-premises solutions. The highest level of data security and reliability offered by the cloud deployment are increasing the share of this deployment in the forecast period. Small and Medium-sized Enterprises (SMEs) continue to opt for the cloud deployment mode, as it helps them avoid costs pertaining to hardware, software, storage, and technical staff. Cloud-based RASP solutions are available according to the customer’s demand, wherein customers can start or stop any service, at will. Hence these benefits are analyzed to drive the market growth in the forecast period 2020-2025.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=500762
Report Price: $ 4500(Single User License)
End User - Segment Analysis
Small and medium-sized enterprises are growing at a highest CAGR of 52.5% in the forecast period. Technology and infrastructure vendors have started realizing the importance of innovative technologies, such as cloud, big data, mobile, social, and sensors and have been investing heavily for the adoption of RASP. Runtime application self-protection solutions help organizations protect their sensitive applications and comply with stringent regulations. Several SMEs and large enterprises have been spending on cybersecurity, due to the rising 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 for RASP among SMEs in the forecast period 2020-2025.
Geography- Segment Analysis
North America dominated the Runtime Application Self-Protection Market in 2019 with a share of 38%, followed by Europe and APAC. Increasing penetration of internet and growth in the incidents of attacks on enterprise applications are driving the need of runtime application self-protection solutions. Moreover, 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 this region. Several companies have been raising funds for the advancements in RASP. In 2019, Greylock led a $14 million investment in application security startup Sqreen. Similarly, Hdiv Security, secured a $1M investment led by Adara Ventures. Hence these advancements are analyzed to drive the market for Runtime Application Self-Protection Market in the forecast period 2020-2025.
Drivers – Runtime Application Self-Protection Market
Implementation of bring-your-own-device (BYOD) policy is one of the primary drivers of the global RASP security market.
The implementation of bring-your-own-device (BYOD) policy is one of the primary drivers of the global RASP security market. BYOD policy enables the use of personal devices such as laptops, smartphones, and tablets for business purposes. This increases the productivity of employees and helps them manage their travel time. Moreover, the implementation of BYOD policy also reduces the operational costs of the companies. However, the use of BYOD policy increases the chance of cyber-attacks which may lead to fraud-related issues and misuse of confidential business data. RASP can make BYOD less of a security challenge for an IT department. Moreover, Mobile apps which are widely in these factors have led to an increase in the demand for deception technology solutions such as RASP security and other. Hence increase in demand for BYOD will drive the market for RASP market in the forecast period 2020-2025.
The increasing demand for integrated security suites is one of the key trends of the global RASP security market.
The increasing demand for integrated security suites is one of the key trends of the global RASP security market. Since opting for different security suites may lead to integration issues, end-users prefer integrated security suites. Moreover, the growing complexity of network infrastructure has made integration an important purchase criterion, resulting in high adoption of integrated security suites. This high demand for integrated suites increases the need for RASP security as well as it enables real-time application protection by blocking malicious attacks. These factors will positively boost the market for Runtime Application Self-Protection Market in the forecast period 2020-2025.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=500762
Challenges – Runtime Application Self-Protection Market
Limited Security Budget
Although RASP is analyzed to grow at a high CAGR, Limited security budget among the organizations is acting as a major inhibitor in the growth of the market. Limited budget in organizations to deploy cutting-edge security solutions is becoming a major restraint for the growth of the market. The Research and Development (R&D) expenses to develop advanced runtime application self-protection solutions are very high, which lead to high pricing of the security solutions. As the frequency of security breaches has increased over the past 5 years, organizations have increased their IT security investments to protect against advanced threats. However, for many enterprises, including SMEs, these investment costs are a matter of concern. In addition, for strong and advanced security, the cost of innovation is still high, and many organizations view budgetary constraints as a barrier to growth in the runtime application self-protection market in the forecast period 2020-2025.
Market Landscape
Product Launches, acquisitions and R&D activities are key strategies adopted by players in the Runtime Application Self-Protection market. Runtime Application Self-Protection Market top 10 companies include Arxan, Contrast Security, Guardsquare, Immunio, Micro Focus, Pradeo, Prevoty, Promon, Runsafe Security, Signal Sciences, and Vasco among others.
Acquisitions/Technology Launches
In 2017, Immunio was acquired by Trend Micro to expand its Hybrid Cloud Security solution scope.
Key Takeaways
North America dominated the Runtime Application Self-Protection Market in 2019 with a share of 38%, followed by Europe and APAC. Increasing penetration of internet and growth in the incidents of attacks on enterprise applications are driving the need of runtime application self-protection solutions.
Cloud deployment is growing at a highest CAGR of 50.2% in the forecast period owing to its offers operational flexibility and real-time deployment ease to companies than on-premises deployment mode.
Runtime application self-protection solutions help organizations protect their sensitive applications and comply with stringent regulations.
Runtime Application Self-Protection Market top 10 companies include Arxan, Contrast Security, Guardsquare, Immunio, Micro Focus, Pradeo, Prevoty, Promon, Runsafe Security, Signal Sciences, and Vasco among others.
Related Report :
A. Disaster Recovery Software Market
https://www.industryarc.com/Report/18682/disaster-recovery-software-market.html
B. Sandboxing Market
https://www.industryarc.com/Report/18663/sandboxing-market.html
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
