Runtime Application Self Protection Market Segments Poised for Strong Growth in Future 2030
In its recently published research report, Market Research Future (MRFR)
affirms that the global runtime application self-protection market 2020 is
booming and projects to rise exponentially over the review period, recording a
significant market has aimed Compound Annual Growth Rate (CAGR) of 34.53% by
2030, and the growth of USD 13.72 Billion during the forecast period.
The industry is driven by growing enterprise- of cloud infrastructure
technologies. Cloud computing has emerged as the organization's most
transformative technology in the last decade, allowing organizations to
digitize their business operations and processes. It reduces the need for
capital investment on the IT infrastructure and helps companies reduce the IT
infrastructure maintenance costs. In addition, cloud computing provides more
versatility, business agility, and scalability for enterprises. This fuels the
corporations 'adoption of cloud computing technologies, which in turn is
increasing the demand for runtime application self-protection solutions over
the review period.
Also acting as a significant catalyst for the Runtime
Application Self-Protection (RASP) market is the organic growth
of the cloud and mobile device-based solution. In addition, the introduction of
the RASP systems with other defense initiatives further speeds up business
growth. Nevertheless, the organizations 'small protection budget is serving as
a significant obstacle in business development. In fact, the lack of
technological skills and lack of knowledge about advance cyber-attacks are two
of the key industry growth obstacles.
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Competitive Landscape
The major market players operating in the global market as identified by
MRFR are Veracode (U.S.), Wipro (India), Waratek (Ireland), Cigital, Inc.
(U.S.), Optiv Inc (U.S), WhiteHat Security (U.S.), Hewlett-Packard (U.S.),
VASCO Data Security International, Inc. (U.S Prevoty (U.S.), .), IMMUNIO
(Canada), Promon AS (Norway) among others.
Regional Analysis
The geographical overview of the global market has been analyzed in four
major regions, including the Asia Pacific, North America, Europe, Latin America,
the Middle East, and Africa. North America dominates the worldwide market for
self-protection runtime applications. The information security risks to the
countries of North America and substantial investment in keeping the secure
network push the Runtime Technology Self-Protection market. In addition, strong
economic growth in developed countries, along with strengthened regulatory
changes and financial stability, is driving development in the Asia Pacific
region through the runtime implementation of self-protection markets. Asia
Pacific provides growth opportunities for the RASP industry to expand, as
countries in this area invest heavily in the delivery of RASP solutions and
compliance management. Increasing internet dependency has raised vulnerabilities
and has created targets for hackers and attackers. Many small and medium-sized
companies in the Asia Pacific region have invested in cybersecurity because of
growing major security vulnerability concerns. It is anticipated that the
rising number of cyberattacks on the network layer, that cloud, and smartphone
device, and strict policy bylaws would further fuel business growth in the
Asia-Pacific region. In Latin America, SMEs and large enterprises, fitting in a
range of verticals, such as government and defense, BFSI, and IT and
telecommunications, are estimated to augment their investments in runtime
application self-protection solutions and services.
Segmentation:
The market for the global runtime application self-protection market is
analyzed on the basis of component, organization size deployment, vertical, and
region.
Based on the component, the segment is bifurcated into solutions and
services. The solution segment comprises of web applications, mobile
applications, and others.
The services segment has been bifurcated into managed services and
professional services.
On the basis of the deployment, the market is divided into on-premise and
on-demand.
On the basis of the organization size, the segment is divided into small
and medium enterprises and large enterprises.
Runtime application self-protection market comprises a wide area of
application areas such as IT and telecommunications, government, BFSI,
healthcare, retail, manufacturing, and many more.
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https://www.pearltrees.com/jaymrfr/item491525833
https://jayprakashmrfr.blogspot.com/2022/12/managed-security-services-market-is.html
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