Global Runtime Application Self-Protection Market is expected to reach USD XX Mn by 2027 from USD 419.33 Mn in 2019 at a CAGR of XX% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Runtime Application Self-Protection MarketGlobal Runtime Application Self-Protection Market Dynamics:
Runtime application self-protection adds some security checks into running applications on the server, where they are typically residing and running. It permits safe calls to proceed but blocks those calls which appear to be unsafe by intercepting calls to an application for checking their security.
Driving factor of the market is the increasing need to protect critical application and data in an organization. Strict regulatory compliances to protect the sensitive information is also the driving factor. Restraints of the market are limited security budget and each application need to be protected individually. There are many opportunities in front of the market some of that emergence of cloud computing and virtualization and the increasing number of mobile web application users across the globe.
Global Runtime Application Self-Protection Market Segment Analysis:
Runtime Application Self-Protection Market is segmented by solution, service, deployment mode, organization size and by geography. Solution is classified as Web & Mobile. Services are classified as professional and managed. Deployment mode is divided into cloud and on-premises. Organization size is classified as SMEs and large size. Geography-wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on the deployment model, on-premises deployment mode is expected to have a larger market size during the forecast period. On-premises provides organizations with full control over all platforms, applications, systems, and data, which can be handled and managed by their own IT staff. Government and defense organizations and BFSI companies are likely to prefer on-premises security as they can't put national security at risk by losing sensitive data, financial records, accounting information, and money transfers.
On the basis of services, Professional services are projected to have the largest Global Runtime Application Self-Protection Market size during the forecast period whereas cloud deployment model is considered to grow at a high rate during the forecast period.
Global Runtime Application Self-Protection Market Regional Insights:
In terms of geography, North America dominates the global RASP market in 2019. Growing the information security challenges due to growing complexities in web and mobile applications, along with meeting strict compliance regulations are pushing organizations in North America to adopt RASP solutions. Asia Pacific offers growth opportunities for the RASP market to grow, as countries in this region are investing heavily in deploying RASP and compliance management solutions.
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Scope of the Global Runtime Application Self-Protection Market Report:
Global Runtime Application Self-Protection Market, By Solution
• Web applications
• Mobile applications
Global Runtime Application Self-Protection Market, By Service
• Professional
• Managed
Global Runtime Application Self-Protection Market, By Deployment Mode
• On-premises
• Cloud
Global Runtime Application Self-Protection Market, By Organization Size
• Small and Medium-sized Enterprises (SMEs)
• Large enterprises
Global Runtime Application Self-Protection Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Global Runtime Application Self-Protection Market:
• Arxan Technologies, Inc. (US)
• Contrast Security, Inc. (US)
• Micro Focus International plc (UK)
• Signal Sciences Corporation (US)
• VASCO Data Security International, Inc. (US)
• Veracode, Inc. (US)
• IMMUN.IO Inc. (Canada)
• Pradeo Security Systems (France)
• Prevoty, Inc. (US)
• Waratek Ltd. (Ireland)
• Promon
• Runsafe Security
• Guardsquare
• CA Technologies
• OneSpan
• Micro Focus
• Imperva
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