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Runtime Application Self-Protection (RASP) Market By Component (Solution, Service), By Deployment (On-Premise, Cloud), By End-Use (Healthcare, Manufacturing, Retail, Telecom & IT, Energy & Utility, Government & Defense, Others) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

The Increasing Adoption of Cloud Computing is Driving the Runtime Application Self-Protection (RASP) Market

Globally, the runtime application self-protection (RASP) market is expected to grow with a CAGR of 34.5% from 2019 to 2027, starting from US$ 430.8 Mn in the forecast period of 2018. The market is propelled by the increasing adoption of cloud computing solutions across enterprises. Over the past decade, cloud computing has emerged as the most disruptive technology for organizations that enables companies to digitalize their business operations and processes. In addition, it eliminates the need for capital expenditure on the IT infrastructure and helps organizations reduce their maintenance cost. Furthermore, cloud computing allows enterprises more flexibility, business agility, and scalability. This is driving the adoption of cloud computing solutions among enterprises, which in turn is augmenting the demand for runtime application self-protection solutions.   

The increasing adoption of web and mobile-based application solutions is a major driver for the runtime application self-protection (RASP) market. Besides, the integration of RASP solutions into other security programs is also accelerating market growth. However, the limited security budget among the organizations is acting as a major inhibitor in the market's growth. Moreover, lack of technical expertise and awareness pertaining to advanced cyber-attacks are some of the major challenges in the market growth.

Market Synopsis

The solution is Leading the Runtime Self-Protection (RASP) Market

The runtime application self-protection (RASP) market is segmented based on the component into solutions and services. The solutions market accounted for more than 70% of the RASP market in 2018. The solutions market is further bifurcated into web-based, mobile-based, and others. The wide-scale adoption of web-based solutions among enterprises is a major driver of the market's growth. Mobile-based solutions are estimated to gain traction during the forecast period due to the rising trend of enterprise mobility solutions among organizations.

North America is Dominating the Runtime Application Self-Protection (RASP) Market   

North America led the global runtime application self-protection (RASP) market in 2018, with a market share of more than 37%. The market growth is credited to the wide-scale adoption of cloud computing services across the region. In addition, the early adoption of the technology in the region is also supporting market growth. Besides, the stringent government policies in the region for the safety and protection of the data are also fostering the market growth.

The major runtime application self-protection (RASP) vendors are Contrast Security Inc, Prevoty Inc, Arxan Technologies Inc, Micro Focus International PLC, VASCO Data Security International Inc, Signal Sciences Corporation, Veracode Inc, Pradeo Security Systems, IMMUN.IO Inc, and Waratek Ltd.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The runtime application self-protection (RASP) market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global runtime application self-protection (RASP) market based on component, deployment, end-use, and geography.

Frequently Asked Questions

The market for Runtime Application Self-Protection (RASP) is expected to reach US$ 430.8 Mn in 2028.

The Runtime Application Self-Protection (RASP) market is expected to see significant CAGR growth over the coming years, at 34.5%.

The report is forecasted from 2019-2027.

The base year of this report is 2021.

Arxan Technologies Inc., Contrast Security Inc., Micro Focus International PLC, Signal Sciences Corporation, VASCO Data Security International Inc., Veracode Inc., IMMUNO.IO Inc., Pradeo Security Systems, Prevoty Inc. are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Dec 2019
Category:  IT & Telecom
Report ID:   60125
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
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