Dynamic application security testing (DAST) tools scan web applications to identify security vulnerabilities. DAST tools continuously scan applications to identify security vulnerabilities introduced via coding errors or external attacks. DAST tools automate the process of identifying security flaws without compromising business productivity and development agility. The tools detect security issues early in the development cycle saving significant remediation costs. DAST empowers development teams to deliver secure applications with confidence and speed.

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 Dynamics:
The dynamic application security testing market is experiencing high growth owing to rising need for securing web and mobile applications against cyber threats. According to Cybersecurity Ventures, cybercrime costs are predicted to grow by 15 percent per year over the next five years, reaching $10.5 trillion annually by 2025, up from $3 trillion in 2015. Organizations are increasingly adopting DAST tools to prevent data breaches and financial losses resulting from cyber attacks. In addition, rising adoption of cloud and DevOps practices is increasing demand for continuous application security testing solutions like DAST to address security vulnerabilities early in software development life cycle. However, lack of cyber security skills and expertise is a major challenge hampering market growth.

SWOT Analysis

Strength: Dynamic Application Security Testing (DAST) provides automated security vulnerability checks and reduces human errors during testing. It allows testing of applications during development and operations. Large enterprises are opting for DAST to meet regulatory compliances.

Weakness: DAST tools cannot check for all types of vulnerabilities and require skilled professionals for configuration and analysis of results. False positives generated by DAST require additional manual validation.

Opportunity: Growing use of open source tools and cloud-based applications is creating demand for DAST. Emerging technologies like IoT, AI and big data collecting large user data warrants need for application security testing.

Threats: Alternative techniques like SAST and interactive application security testing gaining adoption. Lack of skilled security professionals impacts effective use of DAST. Changing vulnerabilities with evolving technologies pose challenges.

Key Takeaways

The global Dynamic Application Security Testing market is expected to witness high growth over the forecast period of 2023 to 2030. The market size is projected to reach US$ 1.86 Billion by 2024. 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.

Regional analysis reveals that North America dominates the market currently owing to stringent security regulations and increasing number of breaches in the region. Asia Pacific is expected to grow at the fastest pace due to rising adoption of cloud-based applications and growing e-commerce industry in the region.

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. With technological advancements, these players are focusing on offering DAST as SaaS and adding capabilities like container security testing and integrated DevSecOps.