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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 Overview:
Dynamic application security testing (DAST) refers to an automated security testing of web applications that operates as a “black box” and focuses on identifying vulnerabilities by simulating malicious attacks on applications. It tests web applications for security issues without access to source code or internal designs. DAST tools scan running web applications from outside to detect vulnerabilities like SQL injection, cross-site scripting flaws, broken authentication & session management issues. DAST provides benefits like early detection of flaws, saves time and resources by automating the process, seamlessly integrates with DevOps practices and helps prioritize vulnerabilities according to risk level. With increasing complexity of applications, need to accelerate development cycles and growing security threats, DAST is gaining widespread acceptance among organizations.
Market key trends:
One of the major trends in the DAST market is the rising adoption of cloud-based security services. Cloud-based DAST solutions have gained popularity as they eliminate the requirement of installing and maintaining on-premise infrastructure. The cloud delivery model provides advantages like easy access to applications from any internet-connected device, automatic updates, pay-as-you-go pricing and reduced operational costs. As businesses increasingly adopt cloud-based applications and services, demand for cloud-based dynamic testing has increased significantly. Several DAST vendors are focusing on enhancing their cloud offerings with features like integration with cloud platforms and orchestration to adapt security testing throughout the DevOps lifecycle. This is expected to drive the growth of cloud-based DAST in the coming years.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate in the Dynamic Application Security Testing (DAST) market as it requires high investment for R&D and innovation. Established players have strong brand recognition and economies of scale.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of multiple players and product differentiation in the DAST market. Buyers can negotiate on price and demand additional services.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are numerous global component suppliers for DAST solutions. Switching costs are also low for suppliers.
Threat of new substitutes: The threat of new substitutes is low as DAST serves a unique purpose of detecting vulnerabilities and has no close substitute. However, penetration testing can be considered as a potential substitute.
Competitive rivalry: The competitive rivalry is high among key players like WhiteHat Security, Veracode, Synopsys Accenture, IBM Corporation, Micro Focus, Pradeo, Rapid7, Tieto, and Trustwave holdings, Inc. focusing on new product launches and partnerships.
Key Takeaways
The global Dynamic Application Security Testing market is expected to witness high growth, exhibiting CAGR of 24% over the forecast period, due to increasing security breaches and need to prevent financial losses from cyberattacks.
The North American region dominates the DAST market currently due to stringent regulatory standards and rising digitalization. Asia Pacific is expected to grow at the fastest pace during the forecast period due to growing adoption of cloud-based solutions across industries in emerging nations like China and India.
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. Players are adopting strategies like partnerships, acquisitions and new product launches to expand their market share. For instance, MicroFocus acquired Rapid7 in Oct 2021 to strengthen its application security portfolio.
