Technavio Announces the Publication of its Research Report Global Runtime Application Self-Protection Security 2016-2020
Technavio recognizes the following companies as the key players in the global runtime application self-protection security: Cigital, HP, Veracode, and WhiteHat Security.
Other Prominent Vendors in the market are: Arxan Technology, Contrast Security, CyberGRC, IMMUNIO, Prevoty, Vasco, and Waratek.
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Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be increased number of DDoS attacks. Hackers are increasingly focusing on attacking network layers rather than application layers. DoS is one of the oldest and most common techniques used to pilfer confidential data. Hackers use DoS to send unsolicited data to a user’s web server and network resources to increase traffic. This automatically generates requests for access, blocking the server as well as accessibility to legitimate users. Hackers are now opting for DDoS techniques, an advanced version of DoS, to initiate a coordinated attack from multiple systems. The increased instances of DDoS attacks in the BFSI and government sectors are leading to an increased demand for RASP security solutions.
According to the report, one of the major drivers for this market is the increased use of the Internet for day-to-day activities and critical operations. With the increasing penetration of the Internet, people tend to post personal information on the Internet. The use of the Internet worldwide increased exponentially during 2000-2014. The number of Internet users worldwide was 2.94 billion in 2014, which is more than six times the number of Internet users in 2000. Increased dependence on mobile devices such as laptops, cellphones, and tablets has increased the penetration of the Internet. The number of Internet users was 3.02 billion in 2015 because of developments in technology, improved standards of education, and demand for Internet connectivity among the young population.
Further, the report states that the high cost of deploying RASP security solutions is one of the major challenges in the global RASP security market. The price of RASP security solutions includes the cost of software licensing, system designing and customization, implementation, training, and maintenance. After purchasing the software license, organizations have to recruit IT staff for proper implementation of the software. Also, enterprises need to train their employees on how to use the application efficiently. A RASP package also contains hidden costs such as costs involved in providing experience, knowledge, and associated skill development to understand its functionality. The implementation of in-house RASP security solutions requires in-house IT administration staff to manage and control the issues. This can result in high implementation costs, which can pose a challenge to the organization to implement in-house RASP security solutions and, in turn, inhibit the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Runtime application self-protection (RASP) protects the network applications from within, as it is integrated along with the application, both during production and during runtime. RASP transforms or blocks malicious content, database queries, and token activity depending on the nature of the implementation. The capabilities of RASP such as coverage, performance, integration, and real-time alerting will depend on its deployment model.
Technavios analysts forecast the global runtime application self-protection security to grow at a CAGR of 43.94% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global runtime application self-protection security for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RASP software, which are standalone and integrated RASP software.
The market is divided into the following segments based on geography:
Technavio’s report, Global Runtime Application Self-Protection Security 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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