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Dynamic Application Security Testing Market By Deployment Type (On-Premises, Cloud-Based), By Organization Size (Small And Medium-Sized Enterprises (SMEs), Large Enterprises), By Verticals (Banking, Financial Services), & Region For 2024-2031


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Dynamic Application Security Testing Market By Deployment Type (On-Premises, Cloud-Based), By Organization Size (Small And Medium-Sized Enterprises (SMEs), Large Enterprises), By Verticals (Banking, Financial Services), & Region For 2024-2031

Dynamic Application Security Testing Market Valuation – 2024-2031

The rising frequency and sophistication of cyber threats has led to an increase in the demand for dynamic application security testing (DAST). As businesses embrace digital transformation, their reliance on web applications and APIs grows rendering them vulnerable to cyber-attacks. DAST is an important security strategy that helps firms detect and repair vulnerabilities in their online applications by mimicking real-world attacks. Unlike Static program Security Testing (SAST), which examines source code, DAST interacts with the program while it is operating allowing for a more comprehensive review of any security issues by enabling the market to surpass a revenue of USD 2687.63 Million valued in 2023 and reach a valuation of around USD 39.86 Billion by 2031.

The exponential expansion of web and mobile apps combined with the need for faster deployments increases the requirement for DAST. These programs frequently have complicated functionalities and hidden flaws. DAST identifies issues before apps go online averting potential intrusions and data leaks. This results into improved protection for sensitive user data and overall application security by enabling the market to grow at a CAGR of 24.71% from 2024 to 2031. 

Dynamic Application Security Testing MarketDefinition/ Overview

Dynamic Application Security Testing (DAST) serves as a digital security guard for your online apps. It uses real-world attacker strategies to find flaws in your application’s security. Imagine someone attempting to break into your home; DAST performs the same for your program but virtually. DAST tools interact with your running application to analyze its behavior and responses to various inputs. They often look for popular vulnerabilities such as SQL injection (injecting malicious code into database queries) and cross-site scripting (injecting scripts to steal user data). DAST assists in identifying weaknesses before they are exploited by real hackers.

Dynamic Application Security Testing (DAST) serves as a digital watchdog over your online apps and APIs. It replicates real-world attacks demonstrating how hackers could exploit flaws. DAST identifies vulnerabilities in operating applications that static code analysis techniques may overlook. These can include standard security issues such as SQL injection (database manipulation) and cross-site scripting (malicious code injection).

Artificial intelligence (AI) will play a larger role in DAST improving accuracy and efficiency. AI may learn from previous weaknesses and attack patterns making it better at recognizing new threats. Additionally, AI can automate processes such as selecting vulnerabilities based on severity allowing security professionals to focus on complicated issues. As APIs become the foundation of modern systems, DAST will evolve to uncover vulnerabilities particular to APIs. This is vital since a hacked API can reveal sensitive information or interrupt critical functions.

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How will Rising Cloud Services Drive the Dynamic Application Security Testing Market?

Cloud settings are fundamentally dynamic and scalable. Applications are simply launched, updated, and scaled according to demand. This dynamic poses issues to established security testing approaches. Cloud-based DAST solutions provide on-demand testing while easily integrating into the CI/CD process. This allows security testing to occur alongside development ensuring that vulnerabilities are found and fixed early in the development process. Furthermore, cloud-based DAST solutions are intrinsically scalable automatically adapting to the changing requirements of cloud-hosted applications.

The underlying shared responsibility concept needs robust security measures for cloud adoption. Although cloud providers secure the underlying infrastructure, the enterprise is responsible for application security. DAST solutions enable enterprises to take control of their application security posture. DAST helps eliminate security risks and guarantees compliance with industry rules by testing apps for vulnerabilities on an ongoing basis. Cloud-based DAST solutions provide additional benefits like as centralized management and simplicity of implementation making them ideal for enterprises that use cloud services. The combination between cloud usage and DAST capabilities is creating a vibrant market environment.

How Conflict Between Rapid Development Cycles and Robust Security Testing Hamper the Dynamic Application Security Testing Market?

The dynamic application security testing (DAST) sector faces a fundamental challenge which is the inherent conflict between fast development cycles and thorough security testing. On the one hand, modern software development approaches such as DevOps emphasize speed and agility resulting in frequent application changes. This short release cycle gives less time for extensive security testing which may leave vulnerabilities untreated. This conflict manifests in a variety of ways. DAST tools can be time-consuming for thorough scans. Integrating them neatly into DevOps workflows without delaying deployments might be difficult. Furthermore, complex application architectures with microservices, APIs, and varied frameworks might offer issues to DAST tools.

Organizations in this situation frequently turn to compromises. Prioritizing speed over security can result in apps rife with flaws leaving them vulnerable to attackers. Even with DAST, the sheer volume of applications and updates in a DevOps environment can be challenging to manage potentially leaving some vulnerabilities unidentified. This emphasizes the urgent need for a more balanced strategy that easily integrates security testing into the development process while preserving agility.

Category-Wise Acumens

Will the Adoption of Security Testing Solutions Drive Growth Across Different Organizational Size Segments?

The market’s fastest growing sector is small and medium-sized organizations (SMEs) which is increasingly adopting dynamic application security testing solutions to improve productivity and achieve desired results. This spike is mostly driven by SMEs’ high adoption of these solutions. DAST provides considerable benefits to SMEs enhancing productivity and attaining desired outcomes. The evolving cybersecurity threat landscape is a significant component driving this development.According to Small Business Trends, small firms are the target of 73% of all cyberattacks. This frightening trend forces SMEs to prioritize security readiness. DAST solutions have emerged as an important tool in this struggle allowing SMEs to proactively discover and repair vulnerabilities in their applications. DAST allows SMEs to drastically decrease the risk of security breaches, protect their precious data, and ensure business continuity. This new security posture creates trust with customers and partners which leads to increased productivity and desired business outcomes.

Will the Adoption of Digital Technologies Propel Growth in the Verticals Segment?

The Banking, Financial Services, and Insurance (BFSI) industry is expected to lead the dynamic application security testing (DAST) market in the future years. This supremacy is the result of two key trends. First, BFSI institutions are aggressively using cutting-edge digital technologies such as Artificial Intelligence (AI) and Blockchain to improve security and safety in their operations. This push for digital transformation needs strong security measures since new technologies present new potential risks. DAST is important in this circumstance because it helps identify and correct flaws in apps before they may be exploited by actors.

Cyberattacks pose a huge threat to the BFSI industry as sensitive financial data is always under attack. Data breaches can have disastrous effects for both organizations and their customers. Recognizing this danger, BFSI companies are putting a heavy emphasis on protecting their digital platforms from cyber threats. DAST contributes significantly to reaching this goal by proactively screening programs for vulnerabilities that hackers can exploit. By identifying these vulnerabilities early on, institutions may correct them and dramatically minimize the likelihood of successful assaults. This increased emphasis on cybersecurity in the BFSI industry is a primary driver of the DAST market’s expected growth.

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Country/Region-wise Acumens

Will the Advanced Information Technology Services Drive the Market in North America?

North America notably the United States and Canada has always been at the forefront of technical innovation which extends to the healthcare sector. Advanced information technology (IT) services are driving transformative changes in the healthcare business by increasing medical service efficiency, accuracy, and accessibility. The use of electronic health records (EHRs), telemedicine, artificial intelligence (AI), and big data analytics is transforming patient treatment and administrative procedures. EHR, enable the easy sharing of patient information among various healthcare professionals enhancing coordination and lowering the risk of medical errors. Telemedicine which experienced a significant surge in popularity during the COVID-19 epidemic continues to expand offering patients with remote access to medical consultations and follow-up care thereby enhancing convenience and reducing.

These investments not only propel scientific improvements but they also generate high-wage jobs and encourage economic growth. Furthermore, improved efficiency and cost savings from IT integration result in decreased healthcare costs for consumers and insurers potentially boosting access to healthcare services. As advanced IT services improve and integrate with the healthcare system, the North American market is primed for long-term growth and worldwide leadership.

Will the Increasing Adoption of Mobile Devices Boost the Market in Asia Pacific Region?

The Asia Pacific region has seen a tremendous increase in mobile device use fueled by the widespread availability of low-cost smartphones and the expansion of high-speed internet networks. Smartphone adoption has increased exponentially in countries such as China, India, Indonesia, and the Philippines revolutionizing how people access information, communicate, and conduct business. This mobile revolution has a significant impact on several businesses including e-commerce, digital payments, and online services.

The spread of mobile devices has fueled innovation and entrepreneurship in the region resulting in a robust startup environment. Mobile apps and services that meet a variety of requirements ranging from ride-hailing and food delivery to financial technology (fintech) solutions boosting economic growth and employment creation. Governments in the region have realized the promise of mobile technology and are enacting laws to promote digital infrastructure development and provide a favorable environment for tech-driven companies. As mobile device penetration grows, the Asia Pacific region is positioned to become a global leader in digital innovation contributing to economic development and improving the quality of life for its citizens.

Competitive Landscape

The Dynamic Application Security Testing Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the Dynamic Application Security Testing Market include

IBM Corporation, Beyond Security, Ubiquitous AI Corporation, WhiteHat Security, Crashtest security, Synerzip Softech India Private Limited, Applause App Quality, Inc., Capgemini SE, Virtusa Corporation, ControlCase, and Cognizant.

Latest Developments

  • In April 2023, Synopsys intends to enhance the Polaris software integrity platform’s application development environment security capabilities in April 2023 by introducing DAST (Dynamic Application Security Testing) tools and code scanning for infrastructure provisioning.
  • In November 2023, Veracode has released a beta version of the Automated Dynamic Application Security Test Tool, DAST Essentials, which is designed to be integrated into an integrated development environment. Additionally, the company has made available a Veracode GitHub application that allows users to configure Veracode’s DAST tool to automatically check code when it is inserted into the repository.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2031

Growth Rate

CAGR of ~24.71% from 2024 to 2031

Base Year for Valuation

2023

HISTORICAL PERIOD

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Deployment Type
  • Organization Size
  • Verticals
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

IBM Corporation, Beyond Security, Ubiquitous AI Corporation, WhiteHat Security, Crashtest security, Synerzip Softech India Private Limited, Applause App Quality, Inc.

Customization

Report customization along with purchase available upon request

Dynamic Application Security Testing Market, By Category

Deployment Type

  • On-premises
  • Cloud-based

Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Verticals

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • IT and Telecom
  • Government and Defense

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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