According to a new market report published by Transparency Market Research entitled “fRuntime Application Self-Protection Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, the global runtime application self-protection market was valued at US$ 251.8 Mn in 2016 and is expected to expand at a CAGR of 32.4% from 2017 to 2025, reaching US$ 3,130.4 Mn by the end of the forecast period.
Runtime Application Self-Protection (RASP) is a security measure which is embedded in an application to detect and prevent any malicious activity while it is running. RASP works automatically without the need of any human intervention while handling threats or security vulnerabilities. RASP is implemented in the runtime environment and handles the interception of all calls for providing a security layer to it, avoiding those that could indicate a threat. RASP helps providing security beyond a perimeter or endpoint of a network. Additionally, RASP analyzes the context of the applications’ behavior for continuous evaluation of the application while it is in runtime mode. It could be applied on both web based and non-web based applications. To help avoid the malicious activity on the application, RASP could terminate the user session, terminate the application, send an alert to the security personnel as well as send a warning to the user. Furthermore, RASP could help gain insights into application, logic, configuration, event flows and data, creating a secured environment for the user data. Some of the factors which are expected to drive the global RASP market are increasing need to protect critical data and applications in organizations, increase in number and intensity of DDoS attacks and stringent regulatory compliances to protect sensitive data.
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The global RASP market is segmented into five geographical regions namely-North America, South America, Middle East and Africa, Asia Pacific and Europe. The North American region is expected to hold the highest market share at the end of the forecast period generating revenues of US$ 1,193.9 Mn. The DDoS attack (distributed denial-of-service) and SQL injection have been the major attacks faced by the region. There has been a significant number of mergers and acquisitions in this region in the technology sector for generating new customers and technology advancements in the domain and further providing full scale security to them. For instance, in December 2017, Japanese multinational cyber security & defense company Trend Micro Inc acquired Montréal, Canada-based hybrid cloud security provider Immunio. The U.S. and Canada are estimated to be the major economies driving the RASP market in the North American region.
Asia Pacific is expected to grow at the highest CAGR of 34.5% over the forecast period of 2017-2025. Owing to the large population using various mobile devices, Asia Pacific especially residing in China and India are the most attack prone destinations targeted by hackers. For instance, in March 2016, the Asia Pacific region suffered from the Petya ransomeware affecting multiple industry verticals. Furthermore, the region has faced severe problems due to WannaCry ransomeware attacks in the past. Owing to such attacks which could be a major threat for sensitive user data, the RASP market in this region could see a significant growth over the forecast period.
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The European region have been taking various preventive measures for catering the threat caused by various malicious attacks. Europe is expected to witness major changes in data privacy regulations which is further likely to boost RASP market in coming years. Additionally, in the Middle East region owing to the growing cyber security concerns towards the oil and gas industry vertical, the RASP market is expected to pick the momentum in the region. Owing to the increasing amount of investments in multiple cyber security oriented domains like IDS (Intrusion Detection System), IPS (Intrusion Prevention System), cryptography, encryption and firewall technologies, the RASP market in the South America market is anticipated to grow at decent rate.
The key players profiled in the global RASP market are the Arxan Technologies, Inc., Veracode, Contrast Security, Inc., Micro Focus International PLC., Signal Sciences, VASCO Data Security International, Inc., Pradeo, IMMUNIO, Prevoty Inc. and Waratek.