Dynamic Application Security Testing Market size is projected to experience a healthy growth during 2023 to 2032, driven by increasing business risks due to application vulnerabilities and cyberattacks. The mounting incidences of security breaches across the globe are encouraging organizations to deploy advanced application security testing solutions to mitigate the risks of outside attacks.
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 development of security testing to discover attacks and internal weaknesses to provide a safe and reliable operating environment that supports business objectives. In April 2022, Software security firm SOOS launched its new Dynamic Application Security Testing (DAST) tool, expanding its cybersecurity portfolio.
However, budgetary constraints and the lack of skilled individuals to perform DAST are some major constraints for the dynamic application security testing market growth. Furthermore, the high inflation rate has raised the cost to adopt such technological solutions, which may slow down segment growth. These are common challenges that some agencies are addressing by outsourcing their security requirements.
In terms of application, the web-based segment for security testing is expected to grow significantly over the forecast timeframe, owing to the high adoption of DAST solutions to protect the digital assets of the organization from 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 mobile application security testing is anticipated to increase during 2023-2032. The escalating penetration of mobile devices and cloud technologies is the primary factor augmenting the dynamic application security testing market revenue.
Based on end-user, the BFSI segment is estimated to hold a sizeable portion of the DAST market by the end of 2032, attributed to the digitalization and demand for mobile and digital banking platforms. The banking application is integrated with numerous applications to enable real-time transactions and thus, its security becomes critical to protect the application and customer information.
The Asia Pacific dynamic application security testing market is predicted to show unprecedented growth through 2032, due to the rapid development in the IT infrastructure and digitalization initiatives in the region. Despite the prevalent application-related issues, security solution providers across the region continue to cope with the challenges and increasing data vulnerabilities. Moreover, with the explosion of software applications, there is a burgeoning need to have effective processes for security and quality assurance within the application development lifecycle.
Some of the leading companies operating in the dynamic application security testing (DAST) market are Synopsys, Trustwave, Rapid7, Tietoevery, Micro Focus, Pradeo, IBM, Veracode, Accenture, and WhiteHat Security (Synopsys). These companies are entering into strategic partnerships to expand their product portfolio and gain market share.
For instance, in June 2022, the American electronic design automation (EDA) business Synopsys recently acquired WhiteHat Security, a leading supplier of dynamic application security testing solutions and a pioneer in application security.
To cite another instance, in December 2022, Veracode, a prominent global provider of contemporary application security testing solutions, acquired Crashtest Security, an emerging dynamic application security testing (DAST) product located in Germany. The investment was devised to expand client access internationally and improve the DAST capabilities already included in Veracode's Continuous Software Security Platform.