Dynamic Application Security Testing Market Analysis

1. Market Size & CAGR of Dynamic Application Security Testing Market in 2021

The global dynamic application security testing market is projected to reach a value of USD 3.5 billion by the end of 2021, with a Compound Annual Growth Rate (CAGR) of 12.5%.

2. COVID-19 Impact on the Dynamic Application Security Testing Market

The COVID-19 pandemic has significantly impacted the dynamic application security testing market. With the shift to remote work and increased online activities, the demand for dynamic application security testing solutions has surged.

3. Dynamic Application Security Testing Dynamics

The dynamic application security testing market is driven by the growing number of cyber threats, strict regulatory requirements, and the increasing adoption of cloud-based applications. Key players in the market are focusing on enhancing their product offerings to meet the evolving security needs of organizations.

4. Segments and Related Analysis

The dynamic application security testing market can be segmented based on deployment mode, organization size, vertical, and region. By deployment mode, the cloud-based segment is expected to witness significant growth due to its scalability and cost-effectiveness.

5. By Region Analysis

In terms of regions, North America holds the largest market share in the dynamic application security testing market, followed by Europe and Asia Pacific. The increasing adoption of advanced security solutions in industries such as BFSI, healthcare, and IT & telecommunications is driving market growth in these regions.

6. Key Market Players and Competitive Landscape

Some of the key players in the dynamic application security testing market include IBM Corporation, Micro Focus, Synopsys, Veracode, and Checkmarx. These companies are focusing on strategic partnerships and product innovations to maintain their competitive edge in the market.

7. Recent Happenings in the Dynamic Application Security Testing Market

In recent developments, IBM acquired Wipro's application security business to enhance its portfolio of security offerings. Additionally, Synopsys announced the launch of a new version of its dynamic application security testing solution with advanced features for vulnerability detection.