Market Highlights
The global runtime application self-protection market is growing at a rapid pace; mainly due to the rising security concerns and increasing number of DDOS attacks. According to a recent study report published by the Market Research Future, the global market of runtime application self-protection is booming and expected to gain importance over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
Runtime application self-protection (RASP) uses runtime instrumentation to detect and block computer attacks. RASP as a security technology uses contextual awareness and as such differs from perimeter-based protection systems such as firewalls, which uses network information. RASP protects the runtime environment of applications by using data from inside the running software. The global runtime application self-protection market is estimated to grow at a CAGR of 29 % during the forecast period.
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Major Key Players
Some of the key players are- Veracode (U.S.), Waratek (Ireland), Cigital, Inc. (U.S.), Wipro (India), Optiv Inc (U.S), Hewlett-Packard (U.S.), WhiteHat Security (U.S.), VASCO Data Security International, Inc. (U.S.), IMMUNIO (Canada), Prevoty (U.S.), Promon AS (Norway) among others.
Key Findings
Prevoty, the leader in runtime application self-protection (RASP) recently announced its latest version of Prevoty RASP, including major breakthroughs making Prevoty the first and only completely autonomous solution for runtime application self-protection.
Avocado Systems, the Silicon Valley innovator of next-gen application security for data centers and clouds, introduced its new approach to deterministic Runtime Application Self-Protection (RASP). Avocado’s vRASP solution protects runtime applications deterministically from existing and emerging threats and eliminates the many false-positives created by current solutions.
An advantage of RASP is it can secure a system once an attacker has penetrated perimeter defenses. It has insight into application logic, configuration, and data event flows. RASP can prevent attacks with high accuracy. It can distinguish between actual attacks and legitimate requests for information, which reduces false positives and allows network defenders to spend more of their time combating real problems and less time chasing digital security dead ends.
On the downside, application performance can take a hit when RASP is deployed, although how much of a hit is a source of debate between critics and advocates of the technology. The self-protecting process can slow down an app, as can the dynamic nature of RASP. If that latency becomes apparent to users, it will certainly generate grousing within an organization.
According to MRFR, The global Runtime Application Self-Protection Market is estimated to grow at 29% CAGR through the forecast period.
Market Dynamics:
Growing Cases Of Data Thefts And Security Breaches Is The Prime Determinant Of The Market
The primary drivers of the runtime application self-protection market are the ever increasing cases of data and security breaches, and the prohibitive cost of non-compliance. The antecedents such as the emergence of the internet of things (IoT) and bring your own device (BYOD), increased deployment of web and cloud-based applications, and remote access technologies, is another driver of the market. The growing stringency of compliance, the increasing internet usage, and increasing density of intellectual property are other factors driving the market.
Growing E-commerce Industry Is Expected To Drive A Large Demand
Increasing e-commerce and payment card industry has led to growth in dependency on I.T. systems. The scalable nature of the business makes it attractive resulting in growing number of firms.
Attractive Benefits Of RASP Is Expected To Drive Faster Adoption
The ability of RASP to detect attacks in real time by analyzing both the app’s behavior and the context of that behavior is a desirable quality as it relates directly to the app’s behavior. RASP also provides a detailed view into the actions of the system, including application configuration, logic, event flows, and data which helps to elucidate the details of the attack and to take defensive action.
Perimeter-based protection systems have a disadvantage of generating false positives from and legitimate requests for information. RASP can distinguish between actual attacks and these legitimate requests for information, thereby reducing false positives. Thus network defenders avoid time spend on chasing digital security dead ends.
High Cost And Need For Restructuring May Deter Market Adoption
The high cost of the systems and lack of awareness are the critical restraints on the market. The need for operation restructuring, physical mapping, need of I.T. systems and policies, and lack of trained workforce are other constraining the market. Another issue are RASP causes application performance to take a hit owing to its dynamic nature which can slow down an app.
Segmentation
The market for global runtime application self-protection market is segmented on the basis of component, deployment, organization size, vertical and region. On the basis of the component, the segment is further segmented into solution and services. The solution segment consists of web applications, mobile applications, and others. The services segment consists of professional services and managed services. On basis of the deployment, the segment is further classified into on-premise and on-demand. On the basis of the organization size, the segment is further classified into small and medium enterprises and large enterprises. Runtime application self-protection market covers a wide area of application areas such as BFSI, IT and telecommunications, government, healthcare, retail, manufacturing, and many more.
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Regional Analysis
North America leads the market for global runtime application self-protection market. The cybersecurity threats to the North American countries and heavy investment in making the application safe is driving the market of Runtime Application Self-Protection. Furthermore, rapid economic growth in the developing countries, along with improved regulatory reforms and economic stability is driving the runtime application self-protection market growth in Asia Pacific region. In Latin America, SMEs as well as large enterprises, belonging to a range of verticals, such as Banking, Financial Services, and Insurance (BFSI); government and defense; and IT and telecommunications, are expected to increase their investments in runtime application self-protection solutions and services.
Intended Audience
- Government agencies
- Runtime Application Self Protection vendors
- Independent software vendors
- Consulting firms
- System integrators
- Value-Added Resellers (VARs)
- Information Technology (IT) security agencies
- Managed Security Service Providers (MSSPs)
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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LIST OF FIGURES
FIGURE 1 Global Runtime Application Self-Protection Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Runtime Application Self-Protection Market
FIGURE 4 Value Chain of Global Runtime Application Self-Protection Market
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