Dynamic Application Security Testing Market Estimated To Witness a Phenomenal Growth by 2025
Dynamic application security testing technology is used to detect vulnerabilities in security in applications. Various benefits of application security includes spot configuration mistakes & errors and identification of other specific problems with applications. These benefits are expected to be factors aiding in growth of the market over the forecast years.
Increasing Degree of Business Risks is expected to Drive Growth of the Dynamic Application Security Testing Market
Enterprises are increasingly adopting third-party applications & cloud computing, to ease business operations, which is expected to further aid in growth of the market. Also, in order to reduce risk of cyber-attacks, companies are adopting dynamic application security testing solutions. High deployment costs is expected to negatively impact growth of the dynamic application security testing market. Dynamic application security testing services offer wide range of applications including monitoring, execution of the process, planning the application security, and others.
Dynamic application security testing have two application including, mobile application security and web application security. Mobile application security is used for Mobile Threat Protection from external threats such as hacking and others. Third-party applications are highly susceptible to cyber-attacks. Web application security aids in improving security of web applications from external and internal threats, with the help of security testing methods such as cross-site scripting (XSS), ethical hacking, and SQL Injection. This is expected to significantly aid in growth of the dynamic application security testing market.
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Banking, Financial Services and Insurance (BFSI) segment is expected to hold the largest share in the market, over the forecast period. This is owing to implementation of digital technologies such as artificial intelligence and Blockchain for enhancing safety and security, in turn improving consumer experience. Enterprises in the BFSI industry are more focused on improving security from cyber-attacks on their digital platforms and this is expected to boost growth of the dynamic application security testing market.
Small and medium-sized enterprises (SMEs) is the fastest growing segment in the market, due to high rate adoption of dynamic application security testing solutions to enhance productivity and desired results. As per data published by Small Business Trends-an online publication for small enterprises43% of cyber-attacks are targeted towards small businesses. This has mandated small businesses to be prepared for security breaches, which has led them to adopt various security tools including dynamic application security testing.
Dynamic Application Security Testing Market Regional Insights:
North America is expected to be dominant region in the dynamic application security testing market and is expected to retain its dominance during the forecast period. This is owing to high adoption of security solutions by security testing service providers. The U.S. has the most advanced information technology services industry in the North America. According to the SelectUSA, an organisation led by the U.S government wide program, infrastructure are high priorities for businesses in the U.S. and increasing growth in the cloud computing and mobile applications. Asia Pacific is the fastest growing region in the dynamic application security testing market due to increasing adoption of mobile devices. According to International Data Corporation (IDC), Asia Pacific quarterly mobile phone tracker, smartphone around 48% to 16.3 million in 2012.
Dynamic Application Security Testing Market Competitive Background:
Major players in the dynamic application security testing market include WhiteHat Security, Veracode, Synopsys Accenture, IBM Corporation, Micro Focus, Pradeo, Rapid7, Tieto, and Trustwave holdings, Inc.
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