Global Crowdsourced Security Market is Rising Exponentially at Rate of 8.95% During the Anticipated Period

The Crowdsourced Security Market is expected to rise at annual rate of 8.95% in the forecast period of 2020 to 2027 due to the steady growth of upgrading the different security measures worldwide.

  • On the other hand, limited scope for crowdsourced security assessment and limited scope for crowdsourced security assessment are expected to obstruct the crowdsourced security market growth in the above mentioned forecast period. Concerns over data security and confidentiality are projected to challenge the crowdsourced security market.

Crowdsourced Security Market Scenario

According to Data Bridge Market Research, the market for crowdsourced security is accelerating because of the rising security demands with digital transformation in organizations and growing need to upgrade traditional security testing methodologies. Additionally, the growing need to meet compliance requirements positively affects the crowdsourced security market. Furthermore, the rise of IoT to increase the need for crowdsourced security services extends profitable opportunities to the crowdsourced security market players.

Now the question is which are the other regions that crowdsourced security market targeting? Data Bridge Market Research has estimated a large growth in North America because of the most developed and forwarded region in terms of accepting the latest technologies accessible and using the developed security services for protecting the integrity of these technologies.

For more analysis on the crowdsourced security market request for a briefing with our analysts

Crowdsourced Security Market Scope

The crowdsourced security market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of crowdsourced security market is further analyzed based on maximum granularity into further segmentation. Crowdsourced security market on the basis of form is segmented into crowdsourced bug bounty, gamified crowdsourced technologies, sharing intelligence, collaborating for a specific cause, crowdsourced penetration tests and others. Based on crowd type, the crowdsourced security market has been segmented into private and public. Crowdsourced security market on the basis of type has been segmented into web application, mobile application and others. Based on deployment mode, the crowdsourced security market has been segmented into cloud and on-premises. Based on organization size, the crowdsourced security market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. Based on application, the crowdsourced security market has been segmented into back office and front office. Based on end use vertical, the crowdsourced security market has been segmented into telecom & IT, banking, financial services & insurance (BFSI), healthcare, transport, travel & hospitality, retail, media & entertainment and others.
  • Crowdsourced security is the combination of different security based solutions and services, all of which involving inviting individuals to test a particular product for any faults, vulnerabilities or any cyber threats, if present.

To know more about the study

Key Pointers Covered in the Crowdsourced Security Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market by Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Bugcrowd
  • HackerOne
  • detectify
  • Synack
  • Applause App Quality, Inc.
  • Zerocopter B.V.
  • Cobalt, Planit Testing
  • passbrains ag
  • Cigniti Technologies
  • Global App Testing
  • Rainforest
  • Crowdsprint
  • Bugwolf
  • Digivante

Above are the key players covered in the report, to know about more and exhaustive list of crowdsourced security companies’, contact us

Research Methodology of Crowdsourced Security Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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