The global Dynamic Application Security Testing Market is estimated to be valued at US$ 2.56 billion in 2023 and is expected to exhibit a CAGR of 18.74% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:

Dynamic Application Security Testing (DAST) is a process of testing an application in a running state to identify vulnerabilities and security issues. It helps organizations in securing their applications by detecting and fixing vulnerabilities before they are exploited by hackers. The need for dynamic application security testing arises due to the increasing number of cyberattacks and the growing complexity of applications. DAST offers several advantages, including real-time detection of vulnerabilities, improved application security, and reduced risk of data breaches. As a result, the demand for dynamic application security testing solutions is expected to witness significant growth in the coming years.


Market Key Trends:

One key trend driving the growth of the dynamic application security testing market is the increasing concerns regarding application security. With the rise in cyberattacks and data breaches, organizations are becoming more aware of the importance of securing their applications. Dynamic application security testing provides a proactive approach to identify and fix vulnerabilities in real-time, thus preventing potential threats and ensuring the security of applications. Furthermore, the growing adoption of cloud-based applications and the increasing use of mobile devices have further intensified the need for dynamic application security testing. Therefore, organizations across various industries are investing in dynamic application security testing solutions to safeguard their applications from potential attacks and ensure the confidentiality, integrity, and availability of their data.


PEST Analysis:


Political: The political landscape plays a crucial role in the dynamic application security testing market. Governments across the globe are increasingly imposing strict data protection laws and regulations, which are driving organizations to invest in robust security solutions. For instance, the European Union's General Data Protection Regulation (GDPR) has compelled companies to adopt comprehensive security measures, thereby boosting the demand for dynamic application security testing.

Economic: The dynamic application security testing market is expected to witness high growth due to favorable economic conditions. As organizations continue to prioritize data security, they are allocating significant budgets to enhance their application security testing capabilities. Moreover, the increasing number of cyber threats and data breaches has caused financial losses for numerous companies, leading to a surge in investments in dynamic application security testing solutions.

Social: The growing reliance on digital platforms and internet-based services has created a need for stringent application security. The rising popularity of e-commerce, online banking, and social media platforms has exposed sensitive user information to potential cyber threats. As a result, individuals and businesses are increasingly aware of the importance of securing their digital transactions and information, driving the demand for dynamic application security testing.

Technological: Technological advancements have transformed the dynamic application security testing market. The increasing complexity of applications and evolving cyber threats necessitate advanced testing solutions. With the advent of artificial intelligence and machine learning, dynamic application security testing tools offer more accurate and efficient vulnerability detection. Furthermore, the integration of continuous testing practices and automation tools has streamlined security testing processes, enhancing overall application security.


Key Takeaways:


The Global Dynamic Application Security Testing Market Size is expected to witness significant growth, exhibiting a CAGR of 18.74% over the forecast period (2023-2030). This growth is primarily driven by the increasing adoption of cloud-based applications and the rise in cyber attacks targeting critical data. Moreover, regulatory requirements and the need to safeguard sensitive user information are also contributing to market growth.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the dynamic application security testing market. The region has a strong presence of major key players and a mature cybersecurity infrastructure. Additionally, the high concentration of technologically advanced organizations and extensive adoption of digital platforms in North America further contribute to its market dominance.

Key players operating in the dynamic application security testing market include WhiteHat Security, Veracode, Synopsys, Accenture, IBM Corporation, Micro Focus, Pradeo, Rapid7, Tieto, and Trustwave Holdings, Inc. These key players offer a range of dynamic application security testing solutions and actively engage in strategic partnerships, acquisitions, and product launches to strengthen their market position and cater to the increasing demand for robust security solutions.



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