Runtime Application Self-Protection Market Share

North American Market Forecast   

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 2036. 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.

APAC Market Statistics

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.

Latin America Market Forecast   

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.