Runtime Application Self-Protection Security Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2022
“The factors that propel the growth of the Runtime Application Self-Protection Security Market include implementation of the BYOD policy, growing acceptance of technologically progressive solutions has introduced many security threats related with enterprise applications and increase in sophisticated cyber threats for serious information theft.”
Global runtime application self-protection (RASP) security market is anticipated to witness an exponential growth in the forecast period. Runtime application self-protection (RASP) allows real-time application protection by identifying and blocking any malicious attacks. The factors that propel the growth of the market include implementation of the BYOD policy, growing acceptance of technologically progressive solutions has introduced many security threats related with enterprise applications and increase in sophisticated cyber threats for serious information theft. On the other hand, there are factors that may hamper the growth of the market including emerging threats from open-source RASP security solutions. The market is anticipated to expand at a significant CAGR of 49.68% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Runtime application self-protection (RASP) security market could be explored by solution, component, service, deployment mode, organization size, vertical and geography. Market could be ex plored by solution as Web Applications, Mobile Applications, others (Embedded Software, Packaged Software and Hosted Software). Based on the component, the market could span as Services and Solutions. The “Services” segment led the market in 2017 and will continue to lead in the forecast period. The market could be explored based on service as Managed services and Professional services.