Runtime Application Self-Protection Market to grow 1240.1 Million USD by 2022
According to a new market research
report "Runtime Application Self-Protection
Market by Solution (Web Applications, Mobile Applications,
Others (Packaged Software, Embedded Software, Hosted Software)), Service,
Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to
2022", The RASP market size is expected to grow from
USD 294.7 Million in 2017 to USD 1,240.1 Million by 2022, at a Compound Annual
Growth Rate (CAGR) of 33.3%. The growing adoption of technologically advanced
solutions has introduced many security threats associated with enterprise
applications. As there is a rise in sophisticated cyber threats for critical
information theft, the RASP market is expected to gain traction over the next 5
years.
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Services segment
is expected to play a key role in the RASP market
The services
segment is expected to play a key role in changing the RASP market landscape
and grow at the highest CAGR during the forecast period. RASP solutions and
services provide robust security to organizations’ critical applications.
Additionally, they help organizations to meet Payment Card Industry Data
Security Standard (PCI DSS), Health Insurance Portability and Accountability
Act (HIPAA), Sarbanes–Oxley Act (SOX), North American Electric Reliability
Corporation Critical Infrastructure Protection (NERC CIP), Federal Information
Security Management Act (FISMA), and other regulatory compliances.
Cloud-based deployment is expected to be
the fastest-growing deployment mode
In the RASP
market, the cloud is expected to be the fastest-growing deployment mode, as it
benefits organizations with increased scalability, speed, 24/7 services, and
enhanced management capabilities. Cloud-based RASP solutions are available
according to the customer’s demand, wherein customers can start or stop any
service, at will.
North America is expected to have the
largest market size in the RASP market
Due to the
presence of a large number of RASP vendors, North America is expected to have
the largest market size in the RASP market; whereas, Asia Pacific (APAC) is expected
to be the fastest-growing region during the forecast period. Factors, such as
growing need to protect critical applications and data in organization,
non-involvement of security professional during SDLC, and stringent regulatory
compliances, are driving the adoption of RASP solutions. Furthermore, the
market in developing regions, such as the Middle East and Africa (MEA) and
Latin America is expected to grow due to the increasing usage of mobility,
cloud computing, expanding retail and banking sectors, and regulatory
compliances.
Major vendors
in the RASP market include 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), and Waratek Ltd. (Ireland). The market also includes various key
innovators such as Promon (Norway), RunSafe Security (US), and GuardSquare NV
(Belgium).
Content
Source: https://www.marketsandmarkets.com/PressReleases/runtime-application-self-protection.asp
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