Dynamic Application Security Testing Market Prognosticated to Perceive a Thriving Growth by 2022

MarketsandMarkets expects the global Dynamic Application Security Testing Market size to grow from USD 736.0 million in 2017 to USD 2,398.5 million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.7% during the forecast period. Major drivers of the DAST market include intense government regulations, increasing sophistication level of cyber-attacks, increasing degree of business risks due to application vulnerabilities and growing adoption of third-party applications.

The scope of this report covers the DAST market analysis by type, application, deployment mode, vertical, organization size, and region. DAST services refer to the assistance and solutions provided by DAST security vendors. These services assist organizations in planning, implementing, integrating, and monitoring the application security environment using the industry-defined best practices. Mobile application security refers to the security approach used to protect the mobile applications running on devices, such as smartphones and tablets. Third-party applications can have a substantial impact on cybersecurity, vulnerable with threats at the same time augment business processes.

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The Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market share and to grow at the highest CAGR during the forecast period, owing to the adoption of cloud solutions, which has enhanced the focus on achieving competences and rebalancing the expenses on systems. The cloud deployment model is expected at a higher rate in the DAST market. SMEs, in particular, prefer cloud deployment mode, as it enables them to focus on their core competencies, instead of spending their capital on security infrastructure.

In the DAST market by region, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The major countries that are expected to witness high growth rates in this region include China, Japan, Singapore, Australia, New Zealand, and the rest of Association of Southeast Asian Nations (ASEAN) countries. Companies in APAC are moving their strategy from customer acquisition to customer experience. They are adopting DAST solutions to streamline their business processes and provide better services to customers.

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The key market players profiled in this report include Accenture (Republic of Ireland), IBM (US), Micro Focus (UK), Veracode (US), Synopsys (US), Pradeo (France), Rapid7 (US), Tieto (Finland), Trustwave (US), and WhiteHat Security (US). These players offer DAST to cater to the needs and demands in the marketspace. They have adopted various growth strategies, such as mergers and acquisitions, partnerships, agreements and collaborations, business expansions, and new product launches. Among the growth strategies, ‘mergers and acquisitions’ has been the major growth strategy followed for business expansions.

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