Dynamic Application Security Testing Market - Forecast(2024 - 2030)
Market for Dynamic Application Security Testing is forecast to reach $8.3 billion by 2030, growing at a CAGR of 18.3% over the forecast period of 2024-2030. The growing demand for application security by major industry verticals such as healthcare, IT and Telecom and many others along with higher usage of mobile applications are helping in significant market growth. Stringent government regulations for improving organization security standards and high usage of cloud-based applications are causing a positive impact on the Dynamic Application Security Testing Market. Moreover, rising rate of cybercrimes globally as well as growing adoption from e-commerce sector is acting as major drivers towards boosting the growth of Dynamic Application Security Testing Market.
The current trend in the Dynamic Application Security Testing (DAST) market is characterized by the increasing adoption of cloud-native security tools and integrations. Solutions like DAST Essentials and the Veracode GitHub App are gaining traction as they enhance the developer experience and seamlessly integrate security into the software development lifecycle (SDLC). This trend reflects organizations' growing emphasis on prioritizing security in their development processes. As the complexity and sophistication of cyber threats continue to evolve, there is a heightened need for comprehensive security solutions like DAST Essentials. These tools not only streamline security practices but also cater to the specific requirements of cloud-native applications. This trend highlights the industry's shift towards agile solutions that empower developers and security teams to address security risks efficiently, at scale, and without compromising development speed.
Furthermore, the market is witnessing a significant focus on enhancing developer workflows. This includes providing developers with tools that facilitate faster, more streamlined development processes while ensuring robust security measures are in place. Ultimately, these trends underscore the industry's commitment to advancing security practices and integrating them seamlessly into the development lifecycle to protect cloud-native applications effectively.
The report: “Dynamic Application Security Testing Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Dynamic Application Security Testing Market.
By Type: Services (Professional Services and Managed Services), Solution
By Deployment Type: Cloud based and On premises
By Application: Web Application Security, Mobile Application Security
By Organization Size: Large Enterprises, Small scale and medium sized enterprises
By End User: Government and Defense, Banking, Financial Services, and Insurance, IT and Telecom, Healthcare, Retail, Manufacturing and Others
By Geography: North America (U.S, Canada and Mexico), South America (Brazil, Argentina and Rest of South America), Europe (U.K, Germany, Italy, France, Netherlands, Spain and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and Rest of APAC), RoW (Middle East and Africa)
• Web Application security is contributing for major shares in the Dynamic Application Security Testing Market due to rising cyber threats towards web applications causing higher adoptability from the businesses.
• Key Players such as IBM Corporation and Synopsys are acting as major drivers towards significant market growth of dynamic application security testing in North America.
• Increasing rate of cybercrimes and rising adoption of dynamic application security testing tools from ecommerce sector are some of the major driving factors in causing dominance of dynamic application security testing in the market.
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Dynamic Application Security Testing Market Segment Analysis – By Application
Based on application, the Dynamic Application Security Testing Market has been segmented under mobile application security and web application security. With the increasing threats towards web security, web application security is expected to have a major share in the Dynamic Application Security Testing Market over the forecast period of 2024-2030. Since web applications helps in addressing public facing ecommerce stores to internal financial systems, thus boosting the business growth alongside creating potential security threat concerns. Usage of dynamic application security testing tools helps the security teams in providing timely insights about behaviour of web applications during production process, thus helping the organizations to address the potential vulnerabilities more effectively ensuring high security standards. Web Application Security also helps in improving security of web applications from external as well as internal threats and attacks such as SQL injection, cross site scripting and many others, thus helping the businesses to grow. Moreover, with the high rise of web applications attacks, various businesses have started shifting their focus towards prioritizing web application security as early in the SDLC. By incorporating a dynamic application security testing for web security applications, organizations can help in significant reduction of business risks, thus protecting their systems from cybercriminals.
Dynamic Application Security Testing Market Segment Analysis – By Geography
North America has dominated the Dynamic Application Security Testing Market in 2023 and is expected to have a significant market share over the forecast period of 2024 to 2030. Presence of key players such as White Hat Security Inc., Synopsys and IBM Corporation are acting as major drivers for the growth of Dynamic Application Security Testing Market. Increasing demand for application security by leading organisations and rise of smart phone penetration has been helping in causing higher growth towards Dynamic Application Security Testing Market. Moreover, rising adoption of cloud-based applications along with investments towards the research and development activities are also fuelling the Dynamic Application Security Testing Market. Stringent governmental regulations towards implementing advanced application security testing tools and growing rate of cybercrimes have been also causing a major impact for creating higher dominance towards Dynamic Application Security Testing Market.
Drivers – Dynamic Application Security Testing Market
Rising adoption from ecommerce
Rising rate of business risks in e-commerce has been acting as a major driving factor towards significant growth of Dynamic Application Security Testing Market. As the shopping websites and many other e-commerce applications provides accessibility from different type of devices, thus causing major security concerns. Moreover, payments made through e-wallets and many other online transaction applications make use of personal data such as bank account details, thus causing severe threats of password hacking as well as financial thefts. Deployment of dynamic application security testing tools helps in identifying vulnerabilities across a simulated or live production environment, thus improving the security standards for the ecommerce applications. Moreover, it has become highly crucial for ecommerce platforms to provide end to end security for their customers due to growing security breaches and creating a data sensitive environment. Usage of dynamic application security testing helps din tracking threats while the applications are running, which acts as a major advantage compared to static application security testing such features helps in better identification of real-world hacking vulnerabilities, thus creating higher adoption from ecommerce sector. With growing rate of cybercrimes and data privacy concerns, use of security tools by ecommerce market is driving the growth for Dynamic Application Security Testing Market.
Growing rate of cybercrimes
Growing rate of cybercrimes has been acting as one of the major driving factors for the growth of the dynamic application security market. Since various organizations have been adopting higher range of third-party applications, security breaches have become a major threat for the industries. Usage of advanced technologies by the cyber hackers have been creating higher needs towards deployment of efficient application security tools by the enterprises. In June 2022, Flagstar Bank, one of the largest financial providers in the United States, suffered a massive data breach, leaking the Social Security numbers, banking information, and personal information (names, addresses, birthdays) of almost 1.5 million customers. This breach marks the second such attack on the Michigan-based online banking giant in as many years. Such factors have been eventually creating higher demands towards dynamic application security testing tools to provide higher data encryption as well as highlight the vulnerabilities with a hacker approach, thus causing major demands in the market. Moreover, with the surge of covid-19 pandemic cybercrimes have been increasing highly, thus affecting the large enterprises to protect their business data from the growing cybercriminals.
Challenges – Dynamic Application Security Testing Market
Increased testing time has been acting as one of the major challenges towards hampering the growth of Dynamic Application Security Testing Market. Since the dynamic testing application security testing tools requires a running application, it delays the security testing process until the development process takes place. Moreover, dynamic application security testing tools are incapable of finding the exact site of weakness in the code, causing the security teams of the organizations to invest more time. Additionally, the use of such tools identifies vulnerabilities in the software development life cycle, causing more time to fix the issues adding to its cost. Such factors eventually hamper its market growth causing lesser adoption from small as well as large enterprises to avoid work delays in the business environments.
Dynamic Application Security Testing Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Dynamic Application Security Testing market. The key players in the Dynamic Application Security Testing market include
• In December 2023, GitLab launched a browser-based Dynamic Application Security Testing (DAST) feature in version 16.4, a significant development in the DAST market. This update integrates passive checks and includes active check-in capabilities, replacing ZAP alerts with GitLab's active checks. The introduction of GitLab check 22.1 aims to improve vulnerability detection in modern web applications, aligning with the industry's "shift left" trend towards early security integration in the SDLC. These advancements underscore the need for a balanced approach to application security, as highlighted by security experts.
• In November 2023, Veracode launched cloud-native security tools, DAST Essentials, and the Veracode GitHub App, aiming to enhance the developer experience and integrate security into the software development lifecycle (SDLC). These innovations signify a significant step in the Dynamic Application Security Testing (DAST) market, addressing the need to secure cloud-native applications throughout the SDLC. They aim to streamline developer workflows, enable organizations to deliver secure software faster, and provide comprehensive security risk management.
