Dynamic Application Security Testing (DAST) allows organizations to automatically test web applications for security vulnerabilities and compliance issues. DAST tools help detect security configuration weaknesses, sensitive data exposures, cross-site scripting flaws, broken access control, and other risks. 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 adoption of cloud based applications and DevOps practices by organizations is expected to drive the growth of the Dynamic Application Security Testing Market over the forecast period. Most modern applications are cloud-native or cloud-based which means they need to be designed securely from the beginning. As attacks are also evolving to exploit vulnerabilities in cloud services and applications, DAST tools are playing a critical role in shifting security left by integrating application testing in the development process. The automatic and continuous assessment of applications for security issues ensures issues are fixed faster without slowing down innovation. This trend towards seamless and automated security validation of cloud applications through DAST is anticipated to support the market growth.
Segment Analysis
The global Dynamic Application Security Testing market is segmented by deployment, component, end use, organization, and geography. The deployment segment of on-premises dominates currently due to data security and privacy concerns among organizations regarding sensitive data. However, the cloud segment is expected to witness higher growth during the forecast period owing to benefits such as scalability, cost effectiveness and flexibility offered in cloud-based deployment of Dynamic Application Security Testing solutions.
Key Takeaways
The global Dynamic Application Security Testing market is expected to witness high growth during the forecast period of 2023 to 2030. 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.
North America dominates currently due to stringent regulations regarding application security and presence of major vendors. However, Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to increasing adoption of application security measure by organizations to secure their applications and prevent data breaches.
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 global Dynamic Application Security Testing market is concentrated in nature with top 5 players accounting for over 50% of the market share. The market is expected to witness increasing mergers and acquisitions by key players to enhance their product portfolio and geographical presence during the forecast period.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it