Runtime Application Self-Protection Market: Global Industry Analysis and Forecast (2022-2029)

Runtime Application Self-Protection Market size was valued at US$ 666.65 Mn. in 2021 and the total revenue is expected to grow at 31.98 % through 2021 to 2029, Runtime Application Self-Protection Market is reaching nearly US$ 6137.16 Mn. by 2029.
Runtime Application Self-Protection Market Overview and Dynamics:
Runtime application self-protection (RASP) is a security technology that helps an application in protecting itself by blocking attacks in real-time. RASP protects and monitors applications against an ever-expanding range of threats, like cross-site scripting (XSS), SQL/command injections, account takeovers, data exfiltration, security bots/scanners, and more.

Organizations use RASP tools to add a level of self-protection to applications as well as other application security technologies like web application firewalls. These tools perform a definite security task, nonetheless often work in tandem with other security and application monitoring technologies. RASP is the term used to define the variety of defensive actions and detection methods an app can serve to prevent code reverse-engineering, tampering, and other attacks.To know about the Research Methodology:- Request Free Sample Report

The scope of the MMR report includes a detailed study of global and regional markets for the Runtime Application Self-Protection Market with the reasons given for variations in the growth of the industry in certain regions. In this report of MMR, 2021 is considered as a base year to forecast the market from 2021 to 2029. 2021's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analyzed especially with the impact of lockdown by region.
Demand For Integrated Security Suites to Remain High:
The growing demand for integrated security suites is one of the major trends of the global runtime application self-protection market. Subsequently opting for different security suites may lead to integration problems, users prefer integrated security suites. Furthermore, the rising complexity of network infrastructure has made integration a significant purchase criterion, resultant in the high adoption of integrated security suites. This high demand for integrated suites upsurges the need for RASP security along with it enables real-time application protection by blocking malicious attacks.
Implementation of Bring-Your-Own-Device (BYOD) Policy:
The implementation of BYOD policy reduces the operational costs of the companies. BYOD policy allows the use of personal devices like laptops, tablets and smartphones for business purposes. This upsurges the productivity of employees and aids them manage their travel time. Furthermore, mobile apps which are extensively in these factors have led to a rise in the demand for deception technology solutions for example RASP security and other. Henceforth implementation of BYOD policy is one of the major drivers of the RASP security market globally.
Limiting factor of the Runtime Application Self-Protection:
Limited budget in companies to deploy cutting-edge security solutions is becoming a major restraint for the growth of the RASP market globally. The R&D expenses to develop advanced runtime application self-protection solutions are very high, which leads to a high value of the security solutions. However, for various enterprises, with SMEs, these investment costs are a matter of concern. Also, for strong and advanced security, the cost of innovation is still high, and various organizations view budgetary restraints as a barrier to growth in the runtime application self-protection market globally.
Runtime Application Self-Protection Market Segmentation:
The MMR report covers all segments in the runtime application self-protection market such as Component, Solution, services, Organization size, Deployment Mode, and Vertical.

The cloud segment held the largest market share of nearly 56.2% in the year 2021.

By Deployment Mode, the cloud segment accounts for a market share of nearly 56.2 % in 2021, this growth is driven by its providing operational flexibility and real-time deployment ease to the operation than on-premises deployment model. Cloud segment also provides numerous benefits, including a simple deployment process, reduced operational costs, and higher scalability in terms of connected resources. Small and Medium-sized Enterprises continue to choose cloud deployment models, as it helps them avoid costs relating to software, hardware, technical staff, and storage.

Cloud computing technology is gaining traction throughout the COVID-19 pandemic. Organizations are focused on reducing operational costs because of revenue losses caused by the coronavirus. Cloud-based deployment losses maintenance and operational costs desire low capital investment and reduce the management’s efforts.

SMEs is expected to grow at the largest CAGR of 35.8% during the forecast period.

Based on Organization Size, the Small and Medium-sized Enterprises (SMEs) segment held the largest market share of xx% in 2021 and is projected to grow at the highest CAGR of 35.8% to reach US$ xx Mn. by 2029. Infrastructure and Technological vendors have started recognizing the importance of inventive technologies, like big data, social, cloud, mobile, and sensors, and have been investing heavily in RASP adoption. Many SMEs and large enterprises have been spending on cybersecurity, owing to the increasing issues of security breaches.

North America is the global leader in the RASP market. In 2021, it accounted for around 34% of the market share.

The cybersecurity threats to the North American economies and heavy asset in making the application safe is driving the North America runtime application self-protection market. Rapid economic growth in emerging countries like the US, along with improved economic stability and regulatory reforms is driving the North America RASP market. Numerous companies have been raising funds for the developments in RASP. Such as, in 2021, Greylock led a US$14 Mn. investment in application security startup Sqreen. Likewise, Hdiv Security secured a US$1Mn. asset led by Adara Ventures.

In Latin America, large enterprises as well as SMEs, belonging to a range of verticals, like government and defense; Banking, Financial Services, and Insurance (BFSI); and IT and telecommunications, are expected to upsurge their investments in RASP solutions and services.

The objective of the report is to present a comprehensive analysis of the Global Runtime Application Self-Protection Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Runtime Application Self-Protection Market dynamics, structure by analyzing the market segments and projects the global Runtime Application Self-Protection Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Runtime Application Self-Protection Market make the report investor’s guide.
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Global Runtime Application Self-Protection Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 666.65 Mn.


Forecast Period 2022 to 2029 CAGR:
31.98 %
Market Size in 2029:
US $ 6137.16 Mn.


 Segments Covered:
by Component
• Solutions
• Services


by Solution
• Web applications
• Mobile applications
• Others


by Services
• Professional services
• Managed services


by Organization Size
• Small and Medium-Sized Enterprises
• Large Enterprises


by Deployment Mode
• On-premise
• Cloud


by Vertical
• Banking, Financial Services, and Insurance (BFSI)
• IT and telecommunications
• Government and defense
• Energy and utilities
• Manufacturing
• Healthcare
• Retail
• Others



Runtime Application Self-Protection Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Runtime Application Self-Protection Market Key Players are:
• Arxan
• Micro Focus
• Veracode
• Runsafe Security
• Contrast Security
• Vasco
• Immunio
• Prevoty
• Promon
• Waratek
• Pradeo
• Signal Sciences
• Guardsquare
• Sqreen
• Validian
• OneSpan
Frequently Asked Questions:
1) What was the market size of Global Runtime Application Self-Protection Market in 2021?
Ans - Global Global Runtime Application Self-Protection Market was worth US$ 666.65 Mn. in 2021.

2) What is the market segment of the Runtime Application Self-Protection Market?
Ans -The market segments are based on Component, Solution, services, Organization size, Deployment Mode, and Vertical.

3) What is the forecast period considered for Global Runtime Application Self-Protection Market?
Ans -The forecast period for Global Runtime Application Self-Protection Market is 2021 to 2029.

4) What is the market size of Global Runtime Application Self-Protection Market markets in 2029?
Ans – Global Runtime Application Self-Protection Market is estimated as worth US$ 6137.16 Mn.

5) Which region is dominated in Global Runtime Application Self-Protection Market?
Ans -In 2021, the North America region dominated the Global Runtime Application Self-Protection Market.