Accenture (Republic of Ireland) and IBM (US) are the Key Players in the Dynamic Application Security Testing Market
The Dynamic Application Security Testing (DAST) market size is estimated to be USD 736.0 Million in 2017 and is expected to reach USD 2,398.5 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.7% during the forecast period. Major factors to drive the growth of the DAST market include the increasing degree of business risks due to application vulnerabilities, stringent government regulations, increasing sophistication level of cyber-attacks, and growing adoption of third-party applications.
The key market players profiled in this report include Accenture (Republic of Ireland), IBM (US), Micro Focus (UK), Veracode (US), Synopsys (US), Pradeo (France), Rapid7 (US), Tieto (Finland), Trustwave (US), and WhiteHat Security (US). These players offer DAST to cater to the needs and demands in the marketspace. They have adopted various growth strategies, such as mergers and acquisitions, partnerships, agreements and collaborations, business expansions, and new product launches. Among the growth strategies, ‘mergers and acquisitions’ has been the major growth strategy followed for business expansions.
IBM has adopted a strategic mix of organic and inorganic growth strategies, such as partnerships, new product launches, mergers and acquisitions, and business expansions in the DAST market. In 2017, IBM launched a new security testing service for automotive security and IoT. With this new service, IBM aims to cater to the need for security testing services in the growing smart and connected systems. In line with the inorganic growth strategy, the company partnered with HCL, a recognized leader in outcome-driven managed security services and security intelligence, and an end-to-end enterprise security solution provider. As per the terms of the agreement, HCL would license and enhance IBM’s security application technology capabilities by adding additional features and functionalities. The partnership would also enable IBM to deliver innovative application security solutions to its clients.
Accenture has also adopted a mix of organic and inorganic growth strategies. For instance, in 2016, Accenture partnered with Applause, a leading vendor in community-driven software testing, to strengthen its testing service capabilities and expand its geographic footprint. Further in 2016, Accenture opened a new cyber center in Bangalore, India, to expand its presence in the global security market. The cyber center aims to promote innovation, incubation, and development of cyber defense services and address the toughest cybersecurity challenges. To maintain its competitive edge, Accenture has been significantly investing in innovation centers to drive R&D activities.
Related Reports:
Dynamic Application Security Testing Market by Type (Solution and Services), Application (Web and Mobile Application Security), Deployment Mode (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2022
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