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 Overview:
Dynamic application security testing (DAST) is one of the proactive security testing techniques that helps test web applications for common vulnerabilities. It involves using automated tools to identify vulnerabilities by emulating browser requests and analyzing responses to understand app behavior and identify security flaws.
Market key trends:
One of the key trend in the Dynamic Application Security Testing Market is increasing adoption of AI and machine learning. AI and ML capabilities in DAST tools enhance accuracy of vulnerability detection by leveraging historical test results to continuously improve scan abilities. They can automate vulnerability prioritization based on risk scores, eliminating false positives and guiding developers to fix critical issues first. This improves scan efficiency and enables organizations to continuously improve application security posture over time.
Segment Analysis
The global dynamic application security testing market is segmented based on component, deployment, organization size, vertical and region. By component, the services segment dominated the market in 2022 owing to the increasing need for skilled professionals to implement and manage dynamic security testing solutions. By deployment, the cloud segment is expected to grow at a higher CAGR during the forecast period due to benefits such as low cost of ownership, scalability, and flexibility. By organization size, the large enterprises segment accounted for the largest market share in 2022 due to stringent regulatory compliances and the need to secure critical business applications and data. By vertical, the BFSI vertical dominated others in 2022 attributed to the growing security concerns regarding financial transactions and data privacy.
Key Takeaways
The global dynamic application security testing market size is expected to reach US$ 12.46 Bn by 2030, expanding at a CAGR of 24% during the forecast period. The market is driven by the increasing need to identify vulnerabilities in web and mobile applications before deployment and address them to ensure high security and performance.
By region, North America dominated the global market in 2022 and is expected to maintain its leading position till 2030. This is attributed to stringent data security regulations in the region and growing cyber threats targeting mission-critical applications. Asia Pacific is estimated to exhibit the highest CAGR during the forecast period owing to increasing investments by organizations in application security to protect themselves from advanced cyberattacks.
Key players operating in the dynamic application security testing include WhiteHat Security, Veracode, Synopsys Accenture, IBM Corporation, Micro Focus, Pradeo, Rapid7, Tieto, and Trustwave holdings, Inc. WhiteHat Security and Veracode collectively accounted for over 35% of the global market share in 2022 owing to their wide product portfolios catering to application security needs across industries. These players are focusing on new product launches and partnerships with system integrators to strengthen their market position.
