Runtime Application Self-Protection Market Size

Runtime Application Self-Protection (RASP) Market size was over USD 900 Million in 2023 and is expected to cross USD 23.4 Billion by the end of 2036, growing at more than 33% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of runtime application self-protection is estimated at USD 1 Billion. 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.