Dynamic Application Security Testing Market is Booming Across Globe
Dynamic Application Security Testing (DAST) Market was valued at USD 2.6 Billion during the historical forecast period and is anticipated to reach USD 9.2 Billion during the anticipated forecast period, growing at a CAGR of 24.21%.
Shraddha Nevase
Dynamic Application Security Testing Market Overview
According to historical forecasts, the Dynamic Application Security Testing Market Size accounted for us$ 2.6 billion and is expected to hit USD 9.2 Billion by the end of this forecast period, increasing at a CAGR of 24.21%. A security approach known as dynamic application security testing may be used to identify security flaws in online and mobile apps. The application checks for a broad variety of SQL flaws involving input and output security problems.
The growing need for security risks in online and mobile programs and the use of cloud-based solutions by SMEs and big businesses are driving the global demand for dynamic application security testing. Cost efficiency, broader scope of digital application security, and scalability contribute to the growing need for dynamically application security testing as a tool for enterprises. Web-based and mobile applications, the need for speedy installation, and robust management of these apps are all driving the market's development. Cyber-attacks, on the other hand, are becoming more and more commonplace. Global firms in the market contribute to a moderate level of fragmentation in the industry.
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The COVID-19 outbreak caused employee shortages and slowdowns in the electronic industry industries. Industrial usage has decreased, and foreign travel bans and facility closures have affected the Global Dynamic Application Security Testing market trends. Worldwide, nations have taken preventive measures because of the coronavirus's constant spread. More than 90 percent of individuals do their jobs and education from home. As more people choose to work from home, the number of people using video conferencing systems has risen. In the past four months, most additional domain registers for Zoom and other video communications networks have soared.
Market Segmentation
The global dynamic application security testing market is segmented based on component, deployment, application, organization size, verticals, and regions.
The on-premises category is expected to grow in size throughout the projected period. This is the most common deployment method for enterprise-wide application security solutions. "In-house software development" is another word used to describe it. All platforms, apps, systems, and data are within the control of the organization's IT personnel while using on-premises solutions. It is common for businesses to employ on-premises deployments because the data is somewhat secure from external threats. After all, systems are kept inside by the firm.
Regional Classification
DAST service providers are concentrated in North America, where security solutions are widely used. Therefore this area is likely to have the biggest market share. There are strict government requirements in this area that require firms to employ the finest IT security procedures to protect their data from hackers and cyberattacks. By 2020, Asia Pacific is predicted to expand in dynamic application security testing at the fastest pace due to the growing use of DAST in this region. As the number of online and mobile apps continues to rise, the urgency of securing these systems against attack increases. It is anticipated that this would increase the need for DAST solutions, which are designed to find and fix security flaws in program code.
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Industry News
NTT Ltd. subsidiary WhiteHat Security Inc., an application security company, stated it was expanding its position and technology capabilities in the Australian market after gaining a significant business. The expansion includes a top-four Australian business.
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