In a recent published report, Kenneth Research has updated the market report for Dynamic Application Security Testing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dynamic Application Security Testing Market products.
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The Dynamic Application Security Testing Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market Synopsis
A dynamic application security testing is a security solution which helps in identifying susceptibilities in web and mobile applications. The tool looks for a broad range of vulnerabilities which cover the input and output authentication which are a threat to the SQL interface. In some cases, dynamic testing is referred to black box test which finds errors in the applications without viewing the internal source code which is an added advantage. Dynamic application security testing solutions analyze application performance when subjected to web attacks for finding the vulnerability. Dynamic application security testing comes with various features. It helps in incorporating security testing into the developed strategy, enhancing security with cognitive capabilities, managing, and reducing risks in application portfolio among many others.
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The rise in demand for security threats among web-based and mobile based applications and adoption of cloud-based services across SMEs and large enterprises are driving the market for global dynamic application security testing. The cost-effectiveness, broader coverage of web application security, and compatibility of the solution are driving demand for dynamic application security testing. However, adoption of Bring Your Device policy across enterprises will be a challenge to secure the mobile applications on a large scale.
Segmentation
The global dynamic application security testing market is segmented into the component, deployment, application, organization size, vertical, and region. On the basis of component, the segment is further classified into solution and services. The services are further classified into professional and managed services. By deployment, the segment is further classified into on-cloud and on-premise. By application, the segment is further classified into web application security and mobile application security.
On the basis of organization size, the segment is further classified into SME and large enterprises. The dynamic application security testing market is widely used in many verticals such as BFSI, healthcare, IT & Telecommunication, healthcare, retail and many others.Global Dynamic Application Security Testing Market is estimated to grow up to USD 2.6 billion at CAGR 23% through the forecast period 2023
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Regional Analysis
The global dynamic application security testing market is observed for North America, Europe, Asia Pacific and rest of the world. North America is estimated to hold major market share for the global dynamic application security testing market. The presence of major players in the region and the growing demand for security-based services are primarily responsible for the growth of this market in the region. Asia Pacific is estimated to show high growth rate during the forecast period. The rising mobile and web-based application developers demand enhanced testing and security services are driving the market in this region. The supporting government policies are fuelling the growth of the market.
Some of the key players in the market are Accenture PLC (Ireland), IBM Corporation (U.S.), Micro Focus (U.K), Ca technologies (U.S.), Synopsys (U.S.), Pradeo (France), Rapid7 (U.S.), Tieto (Finland), Trustwave (U.S.), WhiteHat Security (U.S.), Hewlett Packard Enterprise (U.S.). The key players are highly concentrating on research & development, merger & acquisition activities to generate cost-effective product portfolio.
Some of the key innovators in this area are Acunetix (U.K), Cigital (U.S.), Checkmarx Inc., (U.S.), Qualys, Inc. (U.S.), Synerzip Softech India Private Limited (India), Netcraft (U.K), ControlCase, LLC (U.S.), Applause App Quality, Inc. (U.S.), Cognizant (U.S.), Capgemini SE (France), Virtusa Corporation (U.S.) and others.
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Intended Audience
Application Developers
Software Integrators
System integrators
Consultancy firms
Research Organizations
Managed service providers
Data security providers
Government Agencies
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