Dynamic application security testing refers to a process of automatically analyzing an application to identify security flaws and vulnerabilities. DAST solutions can detect flaws including SQL injection, cross-site scripting, broken authentication, and sensitive data exposure that could impact the confidentiality, integrity and availability of applications. With the growing usage of web and mobile applications across industries, it has become imperative for organizations to implement continuous security testing to shield applications from cyber threats.
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 increasing need for continuous security checks of applications to eliminate vulnerabilities early in the development lifecycle is a major factor propelling the demand for DAST solutions. As web and mobile applications are frequently updated with new features and functionalities, it is important to rescan applications periodically for any newly introduced security flaws. DAST solutions automate this repetitive security testing process and help identify issues that could be otherwise missed with manual testing. They save significant time and effort for development teams by automating testing across integration environments, helping accelerate software releases.
SWOT Analysis
Strength: The dynamic application security testing market has seen rapid adoption across various industries as it helps detect vulnerabilities at early stages of development.
Weakness: Lack of skilled professionals to perform dynamic application testing can be a challenge.
Opportunity: Growing investments by organizations in application security and adherence to compliance standards are expected to drive opportunities in the market.
Threats: Alternatives like static application security testing can emerge as potential threats.
Key Takeaways
The global dynamic application security testing market is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing prioritization of application security by enterprises. 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.
Regional analysis indicates North America currently dominates the market attributed to stringent data privacy regulations and increasing investments in application development in the region. Asia Pacific is expected to grow at the fastest pace in the coming years due to rising digitalization and emphasis on cybersecurity by organizations in major countries of the region.
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. Strategic collaborations and new product launches have been on the rise as players aim to strengthen their market presence. Additionally, investments in enhancing dynamic application testing capabilities through advanced technologies like AI and ML are shaping the competitive landscape.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
