MOBILE RUNTIME APPLICATION SELF-PROTECTION MARKET ANALYSIS

Mobile Runtime Application Self-Protection MarketSize and Trends

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. The number recorded in 2015 was higher than that recorded in 2014, accounting for around 13,083 frauds and that recorded in 2013, accounting for 9,500. These are the major factors leading to increasing adoption of mobile runtime application-based security.

Market Trends:

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\u2019 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.