The dynamic application security testing market offers solutions that help detect vulnerabilities in web, mobile, and API applications. Dynamic AST analyzes running applications in real-time to identify security flaws. This helps development teams address issues proactively before software is deployed. The demand for dynamic AST is growing due to the increasing complexity of applications and rapidly evolving cyber threats. Organizations across banking, healthcare and other industries are implementing dynamic AST solutions to safeguard customer and company data from hackers. The global dynamic application security testing market is estimated to be valued at US$ 1.86 billion in 2024 and is expected to exhibit a CAGR of 24% over the forecast period of 2023 to 2030.
Key Takeaways
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. These leaders are focusing on organic and inorganic strategies such as new service launches, partnerships and acquisitions to expand their customer base and capabilities.
There is a growing opportunity for AST vendors to tap into the DevSecOps market and offer dynamic testing platforms that seamlessly integrate into the development lifecycle. With the rapid migration to cloud-based applications, there will be strong demand for cloud-native and container security testing solutions.
North America dominates the dynamic AST industry currently. However, regions such as Asia-Pacific are expected to provide major growth prospects during the forecast period. This is due to the expanding base of internet users, increasing adoption of digital payment methods and strong government support for cybersecurity in countries like India and China.
Market Drivers
Rising cyber attacks: The frequency and sophistication of cyber threats such as data breaches, ransomware and phishing attempts have increased substantially in recent years. This is prompting enterprises to implement dynamic AST programs to proactively address vulnerabilities.
Growing demand for web and mobile security: More companies are embracing digital transformation and offering web/mobile interfaces. Dynamic AST effectively tests the security of such interfaces deployed in public cloud platforms. This is a key factor driving higher adoption.
Market Restraints
Budget constraints: Dynamic AST solutions entail additional licensing costs and require qualified security professionals for implementation and maintenance. Limited budgets can restrict organizations from fully leveraging dynamic testing capabilities.
Lack of skills: AST is a complex domain that needs adequate expertise to design test cases, analyze results and fix vulnerabilities. Many small firms face difficulties in hiring and retaining skilled security testers, which impacts market growth.
Segment Analysis
The dynamic application security testing market is dominated by the web application sub-segment as most businesses today are web-based. Web applications are prone to vulnerabilities like injection flaws, improper authentication/authorization flaws, cross-site scripting flaws, insecure directly object references flaws and security misconfiguration flaws. Dynamic application security testing helps detect such vulnerabilities at the development stage itself and ensure web applications are secure before they go live. The adoption of dynamic application security testing solutions is also high in the mobile application sub-segment owing to the rising number of mobile apps and the need to securely develop these applications.
Global Analysis
North America dominates the dynamic application security testing market currently due to stringent data privacy regulations like California Consumer Privacy Act (CCPA) and high cybersecurity budgets of enterprises in the US and Canada. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to increasing investments by businesses in application security measures to protect their digital assets and user data from cyber threats in emerging countries like India and China which are witnessing tremendous growth in internet penetration and digitalization.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
