Christy Publications Mobile Runtime Application Self-Protection Market | Page 2

Increasing utilization of mobile devices and rising adoption of internet are some of the factors
for increasing distributed denial of service (DDoS) attacks. For instance, according to Coherent
Market Insights’ analysis, as of 2016, over 68% of the global population was already using mobile
phones. Moreover, according to the Internet World Stats, as of June 30, 2017, total number of
internet users was pegged at 3,885,567,619 among global population of 7,519,028,970. This is
due to proliferation of internet, which is simultaneously increasing volume of data traffic,
connection request, floods of mails, and messages to target system that are responsible for
distributed denial of service attacks. This might slow down the system or even crash down the
system.
Cloud-based segment is expected to exhibit the highest CAGR over the forecast period (2018-
2025)
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. The cloud-based services offer economic solutions when
compared to on-premise deployed solutions. Moreover, on account of its dynamic nature
(services can be availed as per need), the solutions for runtime application self-protection prove
to be cost-effective.
BFSI segment held dominant position in the market and is expected to retain its dominance
over the forecast period
Proliferation of online transactions and increasing use of services such as National Electronic
Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service
(ECS) as well as mobile transactions are leading to increasing demand for security solutions.
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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