Research Nester’s recent market research analysis on“Runtime Application Self-Protection (RASP) Market: Global Demand Analysis & Opportunity Outlook 2035”delivers a detailed competitors analysis and a detailed overview of the global runtime application self-protection (RASP) market in terms of market segmentation by component, deployment mode, enterprise size, end-user, and by region.

Growing Demand for Integrated Security Suites to Drive Growth of Global Runtime Application Self-Protection (RASP) Market

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The global runtime application self-protection (RASP) market is estimated to grow majorly on account of the rising demand for integrated security across many organizations. The integration security systems help to provide multilayered protection. This multilayered protection is possible by interconnecting the alarm systems, video surveillance, access control, and public address systems together. The integration security sites are far more secure than firewall systems security as it is connected to the internal system. The 40% increase in ransomware attacks in 2019 across the world in more than 2000,000 business organizations that lost access to their files is estimated to drive market growth in the coming years.

The growing number of software companies, IT companies, web applications, and internet browsers is estimated to increase the market growth in the coming years. The growing need for IT security to protect huge tons of data that is kept in the cloud servers and data centers is also estimated to propel the market growth in the coming years. The implementation of these security systems in organizations helps to protect the data from cyberattacks, virus entry, and other hacking threats.

Some of the major growth factors and challenges that are associated with the growth of the global runtime application self-protection (RASP) market are:

Growth Drivers:

· Increasing Requirements for Data Security Around the World

· Growing Use of Business Applications and Other Applications

Challenges:

The rising cost of research and development to improve the RASP technologies further and the very less budget limit to provide cutting-edge solutions are also estimated to restrain market growth in the coming years. And these are some of the major factors anticipated to hamper the growth of the global runtime application self-protection (RASP) market.

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By component, the global runtime application self-protection (RASP) market is segmented into solutions and services. The solutions segment is divided into web applications, mobile applications, and others. The diabetes segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The increasing adoption of the use of web applications and the increasing risk of cyber-attacks. The growing number of cyberattacks increases the use of web applications as they can be used directly from websites. Mobile applications are at risk as they are downloaded and installed into the devices. Also, the increasing number of viruses, risk of threats, need for loading time, and storage of other applications are estimated to boost the growth of the market segment. According to the estimations, worldwide about 50% of web visits occur through mobiles and more than 50% are from laptops or desktops as of 2022 reports.

By region, the North America runtime application self-protection (RASP) market is to generate the highest revenue by the end of 2035. This growth is anticipated by increasing penetration of the internet and the rising use of smartphones. Also, the rising urbanization, adoption of digitalization, and growing use of online for every purchase are increasing the need for privacy and security. Further, the number of internet users is increasing day by day with the increasing number of electronic devices across the region. The growing need for data security to prevent security breaches is also anticipated to boost the market growth during the forecast period. The National Vulnerability Database (NVD) of the U.S. government in the year 2020 has about 18,362 vulnerabilities published increasing from the base of 17,382 in the year 2019.

This report also provides the existing competitive scenario of some of the key players of the global runtime application self-protection (RASP) market which includes company profiling of Digital.ai Software Inc., Contrast Security, Guardsquare nv, Micro Focus, Pradeo, Signal Sciences, LLC, OpenSpan, Waratek, VERACODE, Imperva, and others.