Global Runtime Application Self-protection (RASP) Security Market 2018-2022
About Runtime Application Self-protection (RASP) Security
RASP is a security technology that enables real-time application protection by identifying and blocking any malicious attacks. The protection is embedded within the runtime environment of the application and intercepts all actions to determine if they are secure.
Technavio’s analysts forecast the global runtime application self-protection (RASP) security market to grow at a CAGR of 49.68% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global runtime application self-protection (RASP) security market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Runtime Application Self-protection (RASP) Security Market 2018-2022
Technavio recognizes the following companies as the key players in the global runtime application self-protection (RASP) security market: Hewlett Packard Enterprise Development, IBM, Synopsys, VERACODE, and WhiteHat Security.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is demand for cloud-based RASP security solutions. Organizations find it difficult to manage RASP security solutions because of issues such as budget constraints and the lack of resources to manage security issues. Hence, organizations opt for cloud-based RASP solutions that are cost-effective and compatible with PCI DSS regulations and that offer the round-the-clock monitoring of systems.”
According to the report, one driver in the market is implementation of the BYOD policy. The BYOD policy enables the use of employees' personal devices such as laptops, smartphones, and tablets for business purposes. This allows them to work at remote locations, which increases their productivity, helps them manage their travel time, and reduces the operational costs of the companies. SMEs worldwide are increasingly adopting the BYOD policy to reduce their operational costs.
Further, the report states that one challenge in the market is emerging threats from open-source RASP security solutions. With technological developments, open-source RASP solutions are posing stiff competition for on-premises and cloud-based RASP security solutions. The market is witnessing an increase in the adoption of open-source RASP security solutions, especially in developing economies such as India and China.
Hewlett Packard Enterprise Development, IBM, Synopsys, VERACODE, and WhiteHat Security.
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