Dynamic application security testing provides security checks for applications throughout the development lifecycle. It automates the process of simulating attacks on web and mobile applications to detect security vulnerabilities. With the widespread usage of web and mobile applications for banking, e-commerce and other purposes, it has become critical to address security issues. The global Dynamic Application Security Testing Market is estimated to be valued at US$1.86 Bn in 2023 and is expected to exhibit a CAGR of 24.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing usage of mobile and web applications for various purposes has propelled the demand for dynamic application security testing solutions. According to statistics, the time spent on mobile apps has increased tremendously over the past few years. Moreover, reliance on web and mobile banking along with e-commerce platforms has surged exponentially. As these applications handle sensitive user data and perform financial transactions, security issues can result in data breaches and loss of customer trust. Therefore, companies are increasingly adopting dynamic application security testing to detect any vulnerabilities early in the development cycle and prevent security attacks. This trend is expected to significantly drive the growth of the dynamic application security testing market during the forecast period.
SWOT Analysis
Strength: The dynamic application security testing market offers automated security analysis and vulnerability detection, which helps reduce security risks and ensures applications are secure.
Weakness: DAST tools may fail to detect certain vulnerabilities and issues that require human judgment or understanding of business logic. False positives can also increase costs.
Opportunity: Growing adoption of DevOps and agile methodologies is increasing the use of DAST tools for continuous security testing. The rising need to detect vulnerabilities early in the development process also presents an opportunity.
Threats: Lack of skilled security professionals can be a challenge for effective use of DAST. Changing threat landscapes may require frequent tool upgrades that increase costs.
Key Takeaways
The global Dynamic Application Security Testing market is expected to witness high growth. Rapid digitalization is driving organizations across industries to adopt advanced application security testing practices to prevent cyber threats. The market size is projected to reach US$1.86 Billion by 2024 as more companies recognize the need for continuous security monitoring over the entire development lifecycle.
Regional analysis: North America currently dominates the DAST market owing to stringent regulations and advanced cybersecurity awareness. However, Asia Pacific is expected to grow at the fastest pace due to increasing investments in application development and the digital economy in countries like India and China.
Key players: Key players operating in the Dynamic Application Security Testing market are WhiteHat Security, Veracode, Synopsys Accenture, IBM Corporation, Micro Focus, Pradeo, Rapid7, Tieto, and Trustwave holdings, Inc. The major players are focusing on expanding their global presence by adopting strategies such as partnerships, mergers, and acquisitions. They are also investing in R&D to develop enhanced DAST solutions with capabilities such as container scanning and cloud security testing.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
