Dynamic Applications Security Testing Market Overview:
The Dynamic Applications Security Testing market industry is projected to rise from USD 1.86 Billion in 2023 to USD 10.5 Billion by the year 2032, exhibiting a compound yearly growth rate (CAGR) of 24.21% during the forecast period (2023 - 2032).
The dynamic application security testing (DAST) market has been experiencing significant growth with the increasing need to secure applications against potential vulnerabilities. DAST solutions help organizations identify and mitigate security risks by simulating real-world attacks on applications. This article provides an accurate overview of the dynamic application security testing market, including key companies, market segmentation, regional insights, industry latest news, and market opportunities.
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The dynamic application security testing market is witnessing substantial growth due to the rising number of cyber threats and the increasing adoption of cloud-based applications.
Key Companies:
- IBM Corporation
- Micro Focus International plc
- Synopsys, Inc.
- Veracode, Inc.
- Rapid7, Inc.
- Trustwave Holdings, Inc.
- WhiteHat Security, Inc.
- Qualys, Inc.
- Acunetix Ltd.
- Checkmarx Ltd.
Market Segmentation:
The dynamic application security testing market is segmented based on deployment mode, organization size, vertical, and region.
Deployment Mode:
- On-premises
- Cloud-based
Organization Size:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
Vertical:
- BFSI (Banking, Financial Services, and Insurance)
- IT and Telecommunication
- Healthcare
- Retail
- Government
- Others
Regional Insights:
North America dominates the dynamic application security testing market, owing to the presence of major market players and the increasing adoption of advanced security solutions. The Asia-Pacific region is expected to witness significant growth during the forecast period due to the rapid digital transformation and the rising number of cyber-attacks in emerging economies like China and India.
Industry Latest News:
- IBM Corporation announced the launch of its enhanced DAST solution, providing advanced threat intelligence and vulnerability management capabilities.
- Synopsys, Inc. acquired Black Duck Software, a leading provider of software composition analysis solutions, to strengthen its DAST offerings.
- Veracode, Inc. introduced its latest DAST solution, integrating artificial intelligence and machine learning to enhance vulnerability identification and remediation.
Market Opportunities:
- Increasing adoption of DAST solutions in the healthcare sector to protect patient data and meet regulatory compliance.
- Growing demand for cloud-based DAST solutions as organizations shift towards cloud infrastructure.
- Rising awareness about the importance of application security among SMEs, creating opportunities for DAST vendors to target this segment.
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The dynamic application security testing market is witnessing significant growth, driven by the need to secure applications against potential vulnerabilities. Key companies, including IBM Corporation, Micro Focus International plc, and Synopsys, Inc., are leading the market with their advanced DAST solutions. The market segmentation based on deployment mode, organization size, vertical, and region provides valuable insights into the market dynamics. With the increasing adoption of cloud-based applications and the rising number of cyber threats, the market presents numerous opportunities for DAST vendors to expand their offerings and cater to the evolving security needs of organizations across industries.
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