The 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 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The dynamic application security testing (DAST) market offers solutions that provide automated security testing capabilities for web, mobile, API, and cloud applications. DAST tools help identify security vulnerabilities by simulating cyber attacks and analyzing an application's response in real-time. This allows developers and security teams to find and address vulnerabilities proactively before exploitation. Key use cases of DAST solutions include regular testing of web and mobile applications, pre-production testing, and shift-left security implementation.

Market Dynamics:
The growing demand for AI-powered DAST solutions is one of the major drivers of market growth. Many DAST vendors are integrating machine learning and artificial intelligence capabilities to automate threat modeling and vulnerability identification. This helps analyze applications faster without compromising on accuracy. Additionally, the increasing frequency of cyber-attacks targeting web and mobile applications is prompting organizations to implement stringent application security testing protocols. According to Cybersecurity Ventures, cybercrime costs are expected to grow by 15% annually, reaching $10.5 trillion USD globally by 2025. This has reinforced the need for dynamic and continuous security testing of applications throughout the development cycle.

SWOT Analysis

Strength: Dynamic Application Security Testing Market allows automatic scanning of web applications to identify vulnerabilities. It reduces manual efforts and findings can be prioritized based on risk levels. DAST covers a wide range of checks with each new version.

Weakness: DAST tools cannot identify all vulnerabilities and may report false positives. They also don't check business logic flaws. Initial configuration and learning curves can be challenges for some organizations.

Opportunity: Growing adoption of DevOps practices is increasing demand for continued security throughout the development lifecycle. Regulatory mandates alsorequire demonstrating secured software at different stages.

Threats: Availability of free and open source security testing tools can disrupt pricing models of commercial DAST offerings. Lack of skilled professionals impacts effective use of security testing platforms.

Key Takeaways

The global Dynamic Application Security Testing market is expected to witness high growth, exhibiting a CAGR of 24% over the forecast period, due to increasing need to shift left for application security. Rapid7, IBM and Synopsys currently dominate over 30% of the market.

Regional analysis - North America dominates over 40% of the global DAST market currently due to stringent regulations and early adoption. Asia Pacific is expected to exhibit the highest CAGR during the forecast period due growing IT spending and penetration of international players in the region.

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. Key players are focusing on product innovations through R&D and partnerships to integrate DAST capabilities with other application security tools.