3083089 - Java heap space: failed to allocate. XSA execution agent error

XSA execution agent fails to start and the below error is logged in the trace files:

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com.sap.xs2rt.core.rest.client.RestException: Error executing request PUT
https://<hostname>:<port>: Java heap space (failed to allocate <VALUE> bytes) (max heap: <VALUE> MB)
at com.sap.xs2rt.core.rest.client.RestResource.method(RestResource.java:761)
at com.sap.xs2rt.core.rest.client.RestResource.put(RestResource.java:484)
at com.sap.xs2rt.core.rest.client.RestResource.put(RestResource.java:410)
at com.sap.xs2rt.core.generated.rest.resource.client.AdminClient.putAdminDeasByGuid(AdminClient.java:287)
at com.sap.xs2rt.executionagent.impl.ControllerWatchdog.updateEaAtControllerImpl(ControllerWatchdog.java:372)
at com.sap.xs2rt.executionagent.impl.ControllerWatchdog.updateEaAtControllerAndReconnectOnError(ControllerWatchdog.java:390)
Caused by: javax.ws.rs.ProcessingException: Java heap space (failed to allocate <VALUE> bytes) (max heap: <VALUE> MB)
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SAP HANA Extended Application Services, Advanced model

KBA , BC-XS-RT , XS Advanced Runtime / XS Controller , Problem