Static Application Security Testing Software Statistics 2024

In the rapidly evolving tech landscape, Static Application Security Testing (SAST) software has become indispensable for ensuring the robustness and security of applications. As businesses increasingly rely on digital solutions, understanding the statistical trends and future projections for SAST software in 2024 provides a critical lens through which we can gauge the industry’s overall health and direction. These statistics are foundational, not just for grasping market dynamics, but also for appreciating the broader implications of cybersecurity on business continuity and consumer trust.

For key stakeholders such as IT managers, security professionals, software developers, and even C-suite executives, the data on SAST software adoption, growth, and efficacy is invaluable. It provides insights into prevailing security practices and highlights areas where the industry can improve. By analyzing these trends, businesses can better understand which security solutions are most effective and align their strategies accordingly, ensuring they stay ahead of potential threats.

Armed with this knowledge, decision-makers can more effectively navigate the complexities of cybersecurity, making informed choices about investments, partnerships, and technologies. In a landscape where security breaches can lead to significant financial and reputational damage, leveraging up-to-date statistics on SAST software is crucial for crafting robust, forward-thinking strategies that secure a competitive advantage and safeguard digital assets.

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Top Static Application Security Testing Software Statistics 2024

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Cybersecurity Trends For 2023 And Beyond

• The focus for 2023 and beyond needs to be on the cyber-attack surface and vectors to mitigate threats and enhance resiliency and recovery. ^[2]
• Nearly 34.5% of polled executives reported that their organizations’ accounting and financial data were targeted by cyber adversaries in the past 12 months. ^[1]
• Within that group, 22% experienced at least one cyber event, and 12.5% experienced more than one. ^[1]
• Almost half (48.8%) of C-suite and other executives expect an increase in the number and size of cyber events targeting their organizations’ accounting and financial data in the year ahead. ^[1]
• Only 20.3% of polled executives say their organizations’ accounting and finance teams work closely with their cybersecurity peers. ^[1]

Impact Of Ai And Ml On Cybersecurity

• AI in the cybersecurity market is growing at a CAGR of 23.6% and will reach a market value of $46.3 billion by 2027. ^[1]
• AI algorithms are expected to provide real-time threat analysis in 2024, enabling faster and more accurate responses to cyber incidents. ^[4]

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Cyber-crime Statistics

• The cost of cybercrime is predicted to hit $8 trillion in 2023 and grow to $10.5 trillion by 2025. ^[1]
• At least one open source vulnerability was found in 84% of code bases examined by Synopsys researchers. ^[2]
• 91% of the 1,481 code bases examined contained outdated versions of open-source components. ^[2]

Phishing And Ransomware

• The highest rate of mobile phishing in history was observed in 2022, with half of the mobile phone owners worldwide exposed to a phishing attack every quarter. ^[2]
• Non-email-based phishing attacks, including vishing, smishing, and quishing, increased sevenfold in the second quarter of 2022. ^[2]
• 76% of organizations were targeted by a ransomware attack in 2022, with 64% actually infected. ^[2]
• Only 50% of these organizations managed to retrieve their data after paying the ransom. ^[2]

Business Email Compromise (bec)

• 78% of BEC incidents involved fake CEO emails using common CEO phrases, resulting in a 64% increase from Q3 to Q4 2022. ^[2]
• 82% of BEC emails were sent using free email services. ^[2]

Cybersecurity Market Growth

• The Cybersecurity Market size is estimated at USD 182.84 billion in 2024 and is expected to reach USD 314.28 billion by 2029, growing at a CAGR of 11.44% during the forecast period. ^[3]
• Cybersecurity Market size is expected to reach USD 182.84 billion in 2024. ^[3]

Quantum Computing And Cybersecurity

• Quantum computing is revolutionizing how data processing and problem-solving are approached, necessitating rapid evolution in cybersecurity measures to harness benefits and mitigate risks. ^[4]

Zero Trust Security

• The concept of Zero Trust security gained significant momentum in 2023 and is expected to be a fundamental aspect of cybersecurity strategy in 2024. ^[4]
• The transition to a Zero Trust framework focuses on continuous verification and minimal access rights to reduce vulnerabilities. ^[4]

Blockchain And Cybersecurity

• Blockchain technology is increasingly recognized for its potential to enhance cybersecurity measures significantly. ^[4]
• By 2024, blockchain is predicted to play a more integral role in securing Internet of Things (IoT) devices. ^[4]

Static Application Security Testing (sast)

• SAST has been a central part of application security efforts for more than 15 years. ^[5]
• A survey of security professionals showed that almost two-thirds of external attacks in 2022 were carried out through a web application or by exploiting a software vulnerability. ^[5]
• The new Mend SAST has a scan engine that is 10 times faster than traditional SAST products, providing results in minutes or less. ^[5]

Market Size And Forecast

• The global security testing market size was valued at US$ 10.94 billion in 2023 and is expected to reach US$ 38.50 billion by 2030, growing at a CAGR of 19.7% from 2023 to 2030. ^[8]
• North America is expected to be the largest market for security testing during the forecast period, accounting for over 35% of the market share in 2023. ^[8]

Key Insights From Reference Customers Of The Forrester Wave

• As of Q3 2023, reference customers prioritized the comprehensive detection provided by Mend SAST for more than 70 CWE types, including the OWASP Top 10 and SANS 25. ^[7]

Cybersecurity Insurance

• Cybersecurity insurance has become a mainstream component of business risk management strategies in 2024. ^[4]

Skills Gap In Cybersecurity

• The cybersecurity sector continues to grapple with a significant skills gap, with educational and training initiatives playing a crucial role in narrowing this gap. ^[4]

Cybercrime Costs

• Cybercrime damage costs are expected to grow by 15% per year over the next two years, reaching $10.5 trillion USD annually by 2025. ^[6]

Ransomware Trends

• Ransomware costs are projected to reach around $265 billion USD annually by 2031. ^[6]
• The average cost of recovering from a ransomware attack in 2023 was $1.82 million, excluding the ransom payment. ^[6]

Phishing Attacks

• Phishing continues to be the most common email attack method, accounting for 39.6% of all email threats. ^[6]

Regulatory And Compliance

• 53% of organizations require cybersecurity clearance before deploying any solution, showing a proactive approach to cyber risk management. ^[6]
• 44% of business leaders emphasize the importance of CISOs in translating technical aspects of cybersecurity to CEOs and Boards. ^[6]

Geopolitical Tensions And Cybersecurity

• 97% of organizations saw an increase in cyber threats since the start of the Russia-Ukraine war in 2022. ^[6]
• Following the escalation of the Russia-Ukraine conflict, 51% of organizations updated their business continuity and enterprise risk plans in 2023. ^[6]

Industry-specific Insights

• The healthcare industry had an average data breach cost of nearly $11 million in early 2023, an 8% increase from the previous year. ^[6]
• The manufacturing sector was the most targeted, representing 20% of all cyber extortion campaigns in 2023. ^[6]

Emerging Technologies And Cybersecurity

• AI, Machine Learning, and Quantum Computing are expected to play critical roles in cybersecurity, with real-time threat analysis and faster responses to incidents. ^[4]
• Blockchain is increasingly being used to secure digital data, manage identities, and protect IoT networks. ^[4]

Cybersecurity Market Projections

• The global cybersecurity market is expected to be worth USD 379.75 billion by 2029, growing at a CAGR of 9.7% between 2024 and 2029. ^[10]
• The global cyber security market size was valued at USD 172.32 billion in 2023 and is projected to reach USD 424.97 billion by 2030, exhibiting a 13.8% CAGR. ^[12]

Major Cybersecurity Incidents

• In 2022, 9 businesses out of 10 experienced at least one cyber attack. ^[11]
• In 2021, cybersecurity deals accounted for 13% of the total software deal value and 8% of the volume. ^[11]

Future Of Cybersecurity

• The Application Security market is expected to generate approximately $6.97 billion in 2024, according to Statista. ^[9]
• Statista forecasts a yearly growth rate of 14.14% from 2024 to 2028, predicting a market size of $11.83 billion by 2028. ^[9]

Key Takeaways

• The integration of AI and ML in cybersecurity is set to significantly enhance threat detection and response capabilities.
• Quantum computing presents both opportunities and challenges for cybersecurity, necessitating rapid adaptation.
• The Zero Trust security model is becoming increasingly crucial for reducing vulnerabilities and ensuring network security.
• The cybersecurity market is poised for substantial growth, driven by increasing cyber threats and the adoption of advanced technologies.
• Industry-specific insights reveal significant variations in the impact and cost of cyber incidents, underscoring the need for tailored cybersecurity strategies.

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