Uploaded on Apr 13, 2020
The global runtime application self-protection market is estimated to grow at 29% CAGR through the forecast period
RASP Market Vendors
Market Highlights
The rising need to prevent malicious malware attacks on a running application is surging the rate of
adoption of runtime application self-protection (RASP) technology. This is expected to boost the
growth of the global runtime application self-protection market. According to MRFR findings, the
global runtime application market is expected to expand at a high CAGR during the forecast period.
The technology analyses the behavior of applications and interprets the contexts. This aids in the
identification of potential attacks and the technology offering effective resolutions for the same are
attracting high prominence across different verticals. This is expected to support the growth of the
runtime application self-protection market.
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.
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
As per MRFR, the market in North America is likely to dominate in the assessment period. However,
the Asia Pacific region holds great potential for the market to expand rapidly. The presence of both
diversified international and domestic organizations that develop runtime application self-
protection solutions in Asia Pacific is expected to back to the growth of the regional market. In
addition, the stringency of government bylaws regarding cybersecurity is bolstering the growth of
the APAC market.
Key Players
MRFR listed major RASP market vendors. 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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