Runtime Application Self Protection Market size was recorded at USD 1,128.4 million in 2023, which is estimated to be valued at USD 1,473.1 million in 2024 and is projected to reach USD 10,313.1 million by 2031, growing at a CAGR of 32.05% from 2024 to 2031. Increasing cybersecurity threats and the proliferation of web and mobile applications are augmenting the growth of the market.
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Market Growth Drivers:
The global RASP market is expected to witness exponential growth over the next few years. Several factors are contributing to this trend:
Rising Cybersecurity Threats: With the increasing frequency and sophistication of cyber attacks, organizations are seeking innovative solutions to protect their applications. RASP offers a proactive approach, identifying vulnerabilities before they can be exploited.
Regulatory Compliance: Compliance with stringent regulations, such as GDPR, HIPAA, and PCI-DSS, is pushing organizations to invest in advanced security measures. RASP aids in meeting compliance requirements by providing real-time threat detection and reporting capabilities.
