Dynamic Application Security Testing Market Is Expected To Reach USD 10.5 Billion By 2032

Pune, India, April 04, 2018, MRFR Press Release/- Market Research Future published a half-cooked research report on Global Dynamic Application Security Testing Market.

Market Highlights

The Dynamic Applications Security Testing market industry is projected to rise from USD 1.86 Billion in 2023 to USD 10.5 Billion by the year 2032, exhibiting a compound yearly growth rate (CAGR) of 24.21% during the forecast period (2023 - 2032). The rise in security threats among web and mobile based applications, government support for security concern is primarily driving the market for dynamic application security testing. Ponemon Institute, a U.S. based research institute, carried a study on privacy, data protection and information security identified that nearly 45% of the companies had experienced data breach in 2032. With increasing cyber-security threats many SMEs and large enterprises have started adopting dynamic application security testing.

The Global Dynamic Application Security Testing Market is segmented into component, deployment, application, organization size, vertical and region.

Key players

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.).

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.

There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.

Regional Analysis

By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, the market is majorly dominated by North America at present due to a higher concentration of dynamic application security providers in countries like the U.S. and Canada. Due to this, major contribution is made by the U.S., particularly in the testing and deployment of dynamic security application testing.

On the other hand, Europe is expected to show a decent growth considering the dynamic application security testing market. Europe has acquired a second place in the market. However, the Asia Pacific region is expected to show a significant growth rate throughout the forecast period. Various organizations are adopting cloud-based services in Taiwan, China, and India, which is increasing demand for dynamic application security testing market. Also, the dynamic application security testing in Asia Pacific is booming which is affecting the growth of the market in Asia Pacific.