Runtime Application Self-Protection (RASP) Market Size & Share, by Component {Solutions (Web Applications, Mobile Applications), Services (Professional Services, Managed Services)}; Deployment Mode (On-premises, Cloud); Organization (Small & Medium-sized Enterprises, Large Enterprises); End-user (BFSI, IT & Telecommunications, Government & Defense, Energy, Utilities, Manufacturing, Healthcare, Retail) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Global Runtime Application Self-Protection (RASP) Market Definition

The runtime application self-protection (RASP)solutions help to detect and block unprotected access by blocking computer attacks by using the internal information of the software. Unlike the perimeter protections offered by firewalls, this RASP technology can block any attack through the internal network information with no contextual awareness. The runtime application self-protection technology enhances the security of the software by constantly monitoring the running environment by allowing only safe inputs and blocking the ones that can cause attacks. 

The computer or electronic devices protected by runtime application self-protection technology do not require any external protection firewalls to increase safety and security as runtime application self-protection alone can handle the runtime protection. The runtime application self-protection can also automatically shut the application, or send a warning signal to the security personnel or user to shut the session. This is assumed to make it easy to terminate any exploitation that can occur. 

The runtime application self-protection works similarly to interactive application security testing (IAST) except the runtime application self-protection can even protect against cybersecurity attacks by implementing the virtualization technology. The runtime application self-protection is combined with the module with program codes, system calls, and libraries and runs in conjunction with the framework. 

Global Runtime Application Self-Protection (RASP) Market: Key Insights

Global Runtime Application Self-Protection (RASP) Market Size, Forecast, and Trend Highlights Over 2023 - 2035

The global runtime application self-protection (RASP) market is estimated to garner a revenue of ~USD 6 Billion by the end of 2035 by growing at a CAGR of ~33% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 1 Billion in the year 2022. The growth of the market can be attributed to increasing demand for integrated security suites which is an important criterion for the growing complexity of network infrastructure. Applications have become an opportune target for hackers to penetrate into an organization and exploit a vulnerability in an application. According to a vulnerability statistics report, approximately 50% of internal application vulnerabilities and 32% of web application vulnerabilities are considered high or critical risks around the world.

 Moreover, the implementation of a bring-your-own-device (BYOD) policy, and enabling the use of personal devices such as laptops, smartphones, and tablets further increases the chances of cyberattacks. It is estimated that nearly 67% of employees around the world use their personal devices at work. This leads to fraudulent activities with data breaches and misuse of business data. RASP technology is a server-based technology that integrates with an application to deal with attacks in real time, providing more visibility into hidden vulnerabilities. These factors are further driving the growth of the RASP market.

Global Runtime Application Self-Protection (RASP) Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Demand for Integrated Security Suites – Integration security provides organizations protection by minimizing the risk from threats that involve an integration process of the system. Multiway protection is provided by this system integration through interlinking the access control, video management, public address system, and alarm systems. Unlike firewalls, this system integration is expected to provide a multi-layered security system to organizations linking all the threat risks. The increasing cyberattacks across the world are estimated to boost market growth. As per the reports, the ransomware attacks in 2019 were raised by over 40% including more than 200,000 business organizations with loss of access to important files across the world.

• Implementation of Bring-Your-Own-Device (BYOD) Policy in Many Sectors – According to the estimations, BYOD was worth over USD 75 billion worldwide and more than 60% of business organizations observed productivity rise after using BYOD.

• Rising Needed for Data Security Around the World with Many Cyber Attacks – As per the observations, cybersecurity and technology risk management are estimated to raise by over 11% by the end of 2023 around the globe.

• Rising Use of Applications for Business and Other Works – According to the observations of 2022, over 80% of people across the U.S. are spending their time using applications on smartphones.

Challenges

• Limited budget to deploy cutting-edge security solutions - However, a limited budget in organizations to deploy cutting-edge security solutions is likely to restrain the growth of the market. Moreover, high R&D expenses to develop advanced RASP solutions lead to high pricing of security solutions. This may further challenge the market growth.
• High R&D expenses to develop advanced RASP solutions
• High Cost of Innovation

Global Runtime Application Self-Protection (RASP) Market Segmentation

The global runtime application self-protection (RASP) market is segmented and analyzed for demand and supply by component into solutions and services. The solutions segment is further divided into web applications, mobile applications, and others, out of which, the web applications segment is expected to witness high growth over the forecast period owing to their growing adoption due to increasing web application attacks. Attacks on web applications increased by about 800% within the first half of 2020, eight times higher than the same period in 2019 globally. Web applications raise several cybersecurity concerns, making them weak or vulnerable to attacks, which can give attackers direct access to a public database. The web application segment market is estimated to rise the market growth owing to the increasing security provided by them compared to other applications. The web applications can be operated directly online on the website without the need for installation or downloading. This prevents the risk of unwanted attacks, and virus entry, and saves so much loading time, and storage. Also, web applications can be customized based on the requirement and specifications of the customers. The scalability also increases the customer experience and satisfaction while using the applications. There are ~50% of web visits across the world from mobiles and over 50% from desktops as of 2022 estimations.

The global runtime application self-protection (RASP) market is also segmented and analyzed for demand and supply by deployment mode into on-premises and cloud. The cloud segment is estimated to grow at the highest rate and hold the largest market share owing to the several benefits it provides to organizations with increased scalability such as reduced operational and maintenance costs, enhanced managing capabilities, and 24/7 services. The increasing number of internet users with rising penetration of the internet across the world and the increasing population using smartphones and laptops that need cloud servers to store huge data without any app installation is estimated to boost the market growth during the forecast period. About 5 billion people use the internet across the world as per the 2023 reports.

Our in-depth analysis of the global runtime application self-protection (RASP) market includes the following segments:

Global Runtime Application Self-Protection (RASP) Market Regional Synopsis

The North American runtime application self-protection (RASP) market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the high internet penetration, and growing incidences of data breaches and malware attacks on organizations. The market in the United States is expected to remain the dominating market in the region. According to the U.S. government’s National Vulnerability Database (NVD), there have been 18,362 vulnerabilities published in 2020, rising from 17,382 in 2019 in United States. The growing urbanization and increasing use of the internet for every purpose are rising the market growth in the region. The internet is used for many purposes including buying groceries, clothes, electronics, cosmetics, and even travel tickets, movie tickets, and more. This is estimated to rise the need to improve the privacy and security of the data given to internet websites which thereby rises the need for market growth in the region.

Asia-Pacific region is projected to witness the fastest growth over the forecast period on the back of increasing internet penetration, rapid economic growth along with improved regulatory reforms, and economic stability. Furthermore, this region has a large consumer base for electronic goods which is expected to provide significant business opportunities for market players.

Further, the organizations in the Latin America region are increasing their IT security expenses with increasing security breaches, which is one of the major factors expected to drive a steady growth of the market in the region over the forecast period.

Top Featured Companies Dominating the Global Runtime Application Self-Protection (RASP) Market

• Digital.ai Software Inc. 
  • Company Overview
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• Contrast Security
• Guardsquare nv
• Micro Focus
• Pradeo
• Signal Sciences, LLC
• OpenSpan
• Waratek
• VERACODE
• Imperva