Mobile Runtime Application Self-Protection Market With Top Companies Pradeo, Micro Focus, Vasco Data Security, CA Veracode

The constant cyber-attacks on industries such as telecom, healthcare, banking and financial, retail, and manufacturing is influencing adoption of mobile runtime application self-protection solutions. According to F-Secure Labs, in 2016, around 5000,000 samples of data were received from customers daily, reporting around 10,000 malware and around 60,000 malicious URLs. According to the Reserve Bank of India (RBI), during 2015-2016, around 16,468 frauds associated with ATM, debit card, credit card, and net banking were reported.

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The Major Key Players Are: Pradeo, Micro Focus, Vasco Data Security International Inc. (OneSpan Inc.), CA Veracode, IMMUNIO, Arxan, Signal Science, Promon, Prevoty, Inc., and Waratek.

Segment Analysis:
Among deployment model, cloud-based segment is expected to exhibit the highest CAGR over the forecast period. By leveraging cloud technology, security of applications at runtime can be ensured with the help of tools and solutions provided online, wherein security and protection services are offered over the cloud. Cloud is expected to be the fastest-growing deployment mode segment, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities.

Increasing number of payment gateways, e-commerce websites, and mobile applications that accept online transactions and store credit card and debit card information are also increasing susceptibility to hacking. This confidential data is highly susceptible to cyber-threats and therefore leads to increasing adoption of security solutions including mobile runtime application self-protection.

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