Dynamic Application Security Testing Market to witness exponential growth by 2024

North America is estimated to dominate the DAST market due to increasing incidences of breaches among private companies and government networks. To address these challenges, public and private companies are collaborating with the security solution vendors to reduce their risks. For instance, in June 2017, Cisco and IBM teamed up to tackle growing cyber threats. Cisco integrated its security solutions with IBM’s QRadar, enterprise security solution to protect organizations across networks, endpoints, and cloud.

The Asia Pacific DAST market is projected to show the unprecedented growth during the forecast timeline due to the rapid development in the IT infrastructure and digitalization initiatives in the region. Despite the increasing application related issues, the security solution providers across the region continue to cope up with the challenges and increasing data vulnerabilities. For instance, in December 2017, SecureMetric and Promon teamed up to help companies in Southeast Asia to maximize the data protection and reduce the data breaches by protecting the applications on mobile devices. Moreover, with the explosion of software applications, there is an increasing need to have effective processes for security and quality assurance within the application development lifecycle.

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Dynamic Application Security Testing (DAST) Market size is driven by the increasing business risks due to application vulnerabilities and cyberattacks. The increasing incidents of the security breaches across the globe are encouraging organizations to deploy advance application security testing solutions to mitigate the risks of outside attacks. The DAST services can effectively detect vulnerabilities in an application in its running state, enabling IT professionals and testers to find and mitigate bugs before a product is released or develops a growing user base. Additional benefits of using DAST are the reduction in risks and improvement in security features and functions such as authentication, encryption, and auditing.

Various security threats in the form of manipulation of applications for unauthorized access, modification, breach, and exposing sensitive data accelerate the demand for DAST solutions. Furthermore, organizations are constantly focusing on the application security testing to discover attacks and internal weaknesses to provide safe and reliable operating environment that supports business objectives. However, the budgetary constraints and lack of skilled individuals to perform DAST are the major constraints in the growth of the dynamic application security testing market. These are the common challenges that some agencies are addressing by outsourcing their security requirements.

DAST solutions have been widely used in a variety of applications including web-based and mobile application security testing. Web-based application security testing is leading the application landscape due to the high adoption of DAST solutions to protect the digital assets of the organization from the malicious activities and vulnerabilities. Security administrators and web developers perform web application testing to identify and mitigate vulnerabilities that can affect their existing networks. The demand for the mobile application security testing is anticipated to increase during the forecast period. The increased penetration of mobile devices and cloud technologies is the primary factor augmenting the demand for the market.

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Various industry verticals including BFSI, IT & telecom, healthcare, and retail are leveraging on the capabilities of the DAST solutions to protect their business from threats of cyber-attacks. BFSI is the major end user of the Dynamic Application Security Testing market. The growth is attributed to the digitalization and demand for mobile and digital banking platforms. As the developers create more applications for businesses, the application security becomes more important. The banking application needs to integrate with numerous applications to enable real-time transactions, due to which its security becomes critical, protecting the application and customer information. The healthcare industry will be growing at a faster date due to the high usage of DAST for safety and security of healthcare applications.

The key vendors of the dynamic application security testing market include IBM, Accenture, Micro Focus, Veracode, Synopsys, Pradeo, Rapid7, Tieto, Trustwave, and WhiteHat Security. These players are entering into strategic partnerships to expand their product portfolio and gain market share. For instance, in February 2017, IBM and HCL collaborated to drive growth and innovation in applications security space. Similarly, in April 2018, RiskSense partnered with WhiteHat Security for app security risk management. The partnership enabled organizations to automate business impact assessment of web vulnerabilities, scoring, and management.

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