The global runtime application self-protection security market is expected to grow at a CAGR close to 44% during the forecast period 2016-2020, says Technavio.
Technavio has announced its latest market research report on runtime application self-protection security to its IT security portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global runtime application self-protection security market during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include Cigital, HP, Veracode, and WhiteHat Security.
In terms of geographical analysis, with the decrease in the cost of network security solutions, the RASP security market in North America will grow during the forecast period.
“In case of organizations such as financial institutions to mid-size organizations, the government sector, and e-commerce, cloud-based RASP security solutions are seen as an ideal solution. Cloud-based RASP security solutions provide protection against vulnerabilities such as identity theft, fraudulent transactions, cross-site scripting, injection flaws, forged HTTP requests, and sensitive data exposure,” says Amrita Chaudury, an industry expert at Technavio for research on IT security.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
RASP, an advanced technology, can prevent advanced threats
Some of the threats that RASP can prevent are DT, SQLI, XSS, RFI, EmExt, LFI, and ComSpm. One of the threats, called the comment spamming, is a way to manipulate the ranking of the spammer’s website. A high ranking increases the number of paying customers and potential visitors of this site. The attack targets web applications that allow visitors to submit content that contains hyperlinks. The attacker automatically posts random comments or promotions of commercial services to publicly accessible online forums that contain links to the promoted site. RASP has the ability to avoid the threat within the application during its runtime.
Growing demand for runtime security due to internet attacks
Modern online methods are of high standards and have more benefits over traditional methods yet they come with high security risks. Cases such as data theft and phishing are on the rise, and new forms of attacks are emerging. Customers using services provided by bank and payment card companies to make online transactions and payments using the internet pose a high risk towards internet attacks. To securely protect themselves against all attacks, end-users are adopting RASP security solutions
Improving the quality of security
In the rapidly changing business environment, financial assets exist mostly in the form of digitized information and can be stored anywhere on the IT infrastructure. The volume of data in organizations, including records, web-log files, and social networks, is growing significantly. Organizations in the BFSI sector, in particular, require RASP security solutions to prevent fraud and unauthorized payments and to track the large volumes of data generated. However, the increased volume of data makes it difficult to identify unauthorized transactions. In addition, increased online transactions have led to an increase in card-related and insurance claim fraud. These are the major factors driving the demand for RASP security solutions in the BFSI sector.
Some of the other prominent vendors identified in this report are Arxan Technology, Contrast Security, CyberGRC, IMMUNIO, Prevoty, Vasco, and Waratek.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Runtime Application Self-protection Security Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Smart Security Market 2016-2020
- Global Mobile Identity Management Market 2016-2020
- Global Hardware OTP Token Authentication Market 2016-2020
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