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Global Runtime Application Self-Protection Market : Industry Analysis and Forecast (2019-2027)

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manisha kashid
Global Runtime Application Self-Protection Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 33.5% during the forecast period.
Global Runtime Application Self-Protection Market Introduction and Market scenario:
 
The implementation of the bring-your-own-device (BYOD) policy is one of the primary drivers of the global runtime application self-protection (RASP) market. BYOD policy enables the use of personal devices like laptops, smartphones, and tablets for business purposes. Also, the execution of the BYOD policy reduces the operational costs of the companies. Conversely, the use of BYOD policy increases the chance of cyber-attacks which can lead to fraud-related problems and misuse of trusted business data. Moreover, Mobile apps which are commonly in these factors have led to an increase in the demand for deception technology solutions such as RASP security and others.
 
The increasing demand for integrated security suites is the key trend of the market.
The increasing demand for integrated security suites is the key trend of the global market. As choosing different security suites may lead to integration issues, end-users choose integrated security suites. Furthermore, the growing complexity of network infrastructure has made integration an important purchase standard, resulting in the high adoption of integrated security suites. This high demand for integrated suites increases the requirement for RASP security as well as enables real-time application protection by blocking malicious attacks.
Global Runtime Application Self-Protection Market Growth Opportunities:
 
The runtime application self-protection market key players have more opportunities to explore in the IT industry. The increasing demand for the IT industry in all developing and developed regions has a great contribution to growth opportunities for the global runtime application self-protection manufacturers.
During the COVID-19 pandemic, people are more conscious of data security as the hacker increases, due to the unemployment all over the developing and developed countries. The significant drivers have taken these opportunities to deliver their best products on the market by giving more inclination to information security.
Global Runtime Application Self-Protection Market Challenges:
 
Limited budget in organizations to deploy innovative security solutions is becoming the main restraint for the growth of the market. The R&D expenses to develop innovative runtime application self-protection solutions are very high, which leads to the high pricing of the security solutions. As the frequency of security breaches has increased over the past 5 years, organizations have increased their IT security investments to protect against advanced threats. On the other hand, for many enterprises, including SMEs, these investment costs are a matter of concern. Also, for strong and advanced security, the cost of innovation is still high, and many organizations view budgetary limits as an obstacle to the growth in the runtime application self-protection market in the forecast period (2020-2026).
Impact of COVID-19 on the Global Runtime Application Self-Protection Market:
 
The current COVID-19 has spread into all the marketing systems in 2020. As the pandemic came up with heavy lockdown, many marketing industries experienced problems due to the workforce, transportations, production, and many more. Because of lockdown across the world, the global market's demand severely declined, so, many businesses faced shutdown or were conducting partial operations. Therefore, the commercial spaces were unable to use the most out of the runtime application self-protection.
 
As the condition slowly changed, the government took progressive steps to cover the COVID-19 problem to resume private and government businesses' operations. The situation is under control as the vaccination out now. The companies will resume shortly in full pace with applying several strategies. Thus, the runtime application self-protection market industry demand has also expected to increase.
Global Runtime Application Self-Protection Market Segment Overview:
 
The runtime application self-protection market is segmented by component, deployment model, enterprise size, end-user. The component is segmented into solutions and services. The solution is further classified as Web & Mobile. And Services are further classified as professional and managed. Deployment mode is divided into cloud and on-premises. Organization size is classified as SMEs and large size.
 
Based on the deployment mode, the on-premises deployment mode is expected to hold the largest market share by 2026. Thanks to the On-premises delivers organizations with full control over all platforms, applications, systems, and data, which is handled and managed by their own IT staff. Government and defense organizations and BFSI companies are expected to select on-premises security as they can't put national security at risk by losing sensitive data, financial records, accounting information, and money transfers.
 
Global Runtime Application Self-Protection Market
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Global Runtime Application Self-Protection Market Regional Insights:
 
North America dominated the runtime application self-protection market in 2019 with a share of approximately 40%, followed by Europe and APAC. Thanks to the increasing penetration of the internet and growth in the incidents of attacks on enterprise applications are driving the need for runtime application self-protection solutions. Also, numerous companies have been raising funds for the advancements in runtime application self-protection (RASP). For example, in 2019, Greylock led a $14 million investment in application security startup Sqreen. Likewise, Hdiv Security held a $1M investment led by Adara Ventures.
 
Global Runtime Application Self-Protection Market
Asia Pacific is expected to grow at the highest CAGR of XX% during the forecast period. Thanks to the developing economies in the Asia Pacific such as India and China are observing an arrival of a huge amount of software companies such as IBM and HP setting up R&D facilities in the Asia Pacific, to technologically update their present RASP products. A large number of RASP solution vendors based in North America and Europe are also aiming to expand in the Asia Pacific to tap the market for RASP software services.
 
The report focuses on the Runtime Application Self-Protection market value at the top regions and countries of the world, which shows a regional development, including market size, share, revenue, and much more across the globe. The report has covered, capacity, production value, cost/profit, and supply/demand by statistical analysis. A brief analysis of drivers, restraints, opportunities, and challenges in the market is also covered with examples by region. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. It also has covered the analysis of key player’s growth strategies, micro and macro analysis of markets, key developments, and key trends in the market.
Global Runtime Application Self-Protection Market, Key Highlights:
 
• Global Runtime Application Self-Protection Market analysis and forecast, in terms of value.
 
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Runtime Application Self-Protection Market
 
• Global Runtime Application Self-Protection Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
 
• Global Runtime Application Self-Protection Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
 
• Global Runtime Application Self-Protection Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
 
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
 
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Runtime Application Self-Protection Market are also profiled.
 
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Global Runtime Application Self-Protection Market Scope: Inquire before buying
 
Global Runtime Application Self-Protection MarketGlobal Runtime Application Self-Protection Market, by Region
 
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Runtime Application Self-Protection Market Key Players
 
• Arxan
• Contrast Security
• Guardsquare
• Immunio
• Micro Focus
• Pradeo
• Prevoty
• Promon
• Runsafe Security
• Signal Sciences
• Vasco
• Veracode
• Waratek
• CA Technologies
• OneSpan
• Imperva
• Others

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About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

 
 
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