Dynamic Application Security Testing Market

Dynamic Application Security Testing Market Insights

The global dynamic application security testing market is expected to grow at a CAGR of more than 26% over the forecast period. This growth is mainly attributed to stringent regulations set by government such as Payment Card Industry Data Security Standard (PCI DSS), Trust & Assurance Registry (STAR), and Health Insurance Portability & Accountability Act (HIPAA) among others. Along with this, rising level of business risks associated with application vulnerability coupled with increasing adoption of third party applications are likely to positively impact the market growth. However, budget constraints along with lack of certified security experts are anticipated to affect the profitability of the market.

Dynamic Application Security Testing Market: Type/Deployment Mode Insights

On the basis of type, the industry is segmented into solutions and services. The services’ segment is further segregated into professional and managed services. The market for solutions is expected to occupy the highest share owing to incidence of increasing security threats.

By deployment mode, the industry is segmented into on-premises and cloud. The on-premises segment is anticipated to register a significant growth rate over the forecast period on account of its increased demand by the companies to provide full control over applications, data, systems, and platforms.

Dynamic Application Security Testing Market: Organization Size Insights

On the basis of organization size, the industry is segmented into large and small & medium sized enterprise. The market for large enterprises is projected to dominate the market owing to factors such as large IT budgets coupled with huge in house resources. Moreover, growing focus on reducing OPEX and CAPEX is also likely to stimulate market growth.

The SME’s segment is also anticipated to grow significantly over the years on account of rising application of DAST in SME’s to increase operational and business efficiency.

Dynamic Application Security Testing Market: Vertical Insights

On the basis of vertical, the market is segmented into government & defense, banking, financial services & insurance, IT & telecommunication, healthcare, retail, and manufacturing among others. Out of these, BFSI segment is anticipated to record the highest growth over the forecast period owing to rising adoption of digital technologies and cloud solutions to enhance customer experience.

Dynamic Application Security Testing Market: Application Insights

DAST Market finds its application in web and mobile application security. The web application security segment is anticipated to dominate the market over the forecast period owing to increasing application in identifying loopholes in scripts & server codes, evaluation of configuration errors, and minimizing threats of cyber-attacks.

Dynamic Application Security Testing Market: Regional Insights

North America accounted for majority share of the market in 2016. This can be attributed to presence of key manufacturers coupled with stringent government regulations associated with data security.

Asia Pacific is also expected to emerge as a key revenue generating region. This can be associated with rising application of DAST in various sectors coupled with growing mobile and web applications in this region.

Dynamic Application Security Testing Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Dynamic Application Security Testing Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase dynamic application security testing over the coming years. Some leading consumers of this market are Berkshire Hathaway, JP Morgan Chase, AXA, Verizon Communications Inc., and Softbank Group Corp.

Dynamic Application Security Testing Market Share & Competitor Analysis

The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. Some of the major players operating in the market include IBM, Micro Focus, Synopsys, Veracode, Whitehat Security, Accenture, Pradeo, Rapid7, Tieto, and Trustwave.

Please note: This is not an exhaustive list of companies profiled in the report.