The Dynamic Application Security Testing market size is expected to grow from USD 736.0 Million in 2017 and expected to reach 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 dynamic application security testing market include the increasing degree of business risks due to application vulnerabilities, stringent government regulations, increasing sophistication level of cyber-attacks, and growing adoption of third-party applications.

The scope of the report covers the dynamic application security testing market analysis by type, application, deployment mode, vertical, organization size, and region. The DAST solutions segment is expected to hold a larger market share during the forecast period, due to increased sophistication levels of threats and APTs that cause security breaches. Cyber-attackers are targeting a vector through multiple attacks, such as spear phishing, ransomware, and zero-day attacks, to gain access to the critical information.

Web application security is expected to hold the largest market share during the forecast period, as it ensures the security of web-based applications by mitigating insider as well as outsider threats using security testing techniques. Web application security testing covers areas, such as configuration errors, checking for vulnerabilities, identifying the loopholes in server codes or scripts, and minimizing risks and enticements for cyber-attacks.

On-premises deployment mode is expected to hold a larger market share during the forecast period. It is the traditional approach to implement the DAST solutions across enterprises. In addition, the on-premises deployment mode provides organizations with full control over their platforms, applications, systems, and data.

The large enterprises segment is expected to hold a larger market share during the forecast period, owing to the increasing focus on reducing Capital Expenditure (CAPEX) and Operating Expenditure (OPEX). Large enterprises have dedicated in-house IT resources and larger IT budgets to consider the adoption of the as-a-service model for their business processes. The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher rate, owing to the high adoption of DAST solutions among SMEs to gain operational efficiency and result in decreased CAPEX, desired outcomes, and improved business efficiency.

The Banking, Financial Services, and Insurance (BFSI) vertical is estimated to have the largest market share in 2017 and is also expected to grow at the highest CAGR during the forecast period, owing to the adoption of cloud solutions.

In the global dynamic application security testing market by regions, North America is expected to hold the largest market share, due to the presence of the top DAST service providers and the high adoption rate of security solutions in this region. Strict government regulations, such as PCI DSS, GLBA, and HIPAA, in this region compel organizations to implement best IT security practices for safeguarding organizations’ data. Asia Pacific (APAC) is expected to grow at the highest rate in the dynamic application security testing market during the forecast period, due to the increased adoption of DAST. Due to the rapid growth of the web and mobile applications in this region, the need to protect these applications from vulnerabilities is growing rapidly. It is expected to drive the demand for DAST solutions, which identify security gaps in the application code and help reduce risks.

Major factors that are expected to limit the growth of the dynamic application security testing market include application security in the early phase of adoption requiring more awareness and enterprises facing budget constraints. The major vendors profiled in the 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).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst