Dynamic Application Security Testing Market is driven by rapid adoption of advanced technologies

Technology
Sachin CMI's picture

The dynamic application security testing market enables automatic testing of web and mobile applications for security vulnerabilities like SQL injection, cross-site scripting, and broken authentication. It identifies and fixes bugs at the development stage to ensure applications are secure before deployment. Dynamic AST solutions scan running application binaries for security issues by simulating real-world attacks. This helps developers patch vulnerabilities proactively and minimize bugs in production code.

The Global dynamic application security testing market is estimated to be valued at US$ 1.86 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period from 2023 to 2030.

Key Takeaways
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. These players are focusing on new product launches and strategic collaborations to expand their reach.
Growing adoption of cloud-based applications and the internet of things has increased security risks and pushed enterprises to implement dynamic AST solutions. Rapid7 announced the acquisition of DivvyCloud in 2021 to strengthen its cloud security offerings.
Increasing instances of cyberattacks have alerted organizations across industries about the importance of application security. North America currently dominates the market due to stringent regulations and advanced digital transformation. However, Asia Pacific is expected to witness the fastest growth during the forecast period.

Market drivers
The key driver for the dynamic application security testing market is the rapid adoption of advanced technologies like cloud, mobility, automation, and artificial intelligence. As digital transformation accelerates, the number of applications and endpoints have proliferated exponentially. This has made it difficult for enterprises to manually test each application and dependency for vulnerabilities. Dynamic AST automates this process and helps scale application security according to business needs. Its ability to identify bugs early in the development lifecycle lowers remediation costs and speeds up time to market for applications.

Impact of geopolitical situation on Dynamic Application Security Testing Market growth

The current geopolitical instability across regions is impacting the growth of the Dynamic Application Security Testing market. Escalating tensions between major powers and regional conflicts have raised security concerns globally. Organizations are increasingly focusing on protecting their online assets and customer data from cyber threats stemming from state-sponsored hacker groups. This is driving greater adoption of application security solutions that can continuously monitor apps for vulnerabilities. However, stringent data localization and export compliance laws imposed by some countries pose challenges for multi-national vendors in this market. To address this, players need to localize their infrastructure, ensure regulatory adherence and consider partnering with local firms to penetrate such protected markets. They also must invest in research to develop localized testing techniques that account for unique risks arising from socio-political issues within different regions.

Concentration of Dynamic Application Security Testing market by value

Currently, North America accounts for the largest share of the global Dynamic Application Security Testing market in terms of revenue. This is attributed to extensive app usage, considerable IT spending and stringent data privacy regulations in countries like the US that have bolstered security investments. Europe is another major regional market supported by rising sophistication of cyber-attacks targeting critical infrastructure and businesses across the continent. The Asia Pacific region is estimated to witness the fastest growth owing to accelerating digital transformation initiatives, growing IoT deployments and increasing awareness about application vulnerabilities among organizations in developing economies like India and China.

Fastest growing region for Dynamic Application Security Testing market

The Asia Pacific region is poised to emerge as the fastest expanding market for Dynamic Application Security Testing globally over the forecast period. Propelled by rapid digitalization and mounting risks of online threats, both large enterprises and SMEs across the region's high-growth economies are aggressively implementing application security measures. Furthermore, favourable government initiatives supporting tech adoption, rising in-house development of proprietary apps and expanding connectivity are driving massive growth in the volumes of mobile and web applications in Asia Pacific. This widespread usage is amplifying concerns about vulnerabilities, thereby augmenting regional demand for Dynamic Application Security Testing solutions that can continuously monitor apps throughout their development lifecycle and facilitate quick remediation