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Oct, 26 2020

North America Crowdsourced Pen Testing Market is Expected to Grow with a CAGR of 10.3% in the Forecast Period of 2020 to 2027

North America Crowdsourced Pen Testing Market is growing with significant CAGR owing to increased adoption of the digitalization in the organization is the major factors driving the growth of the North America crowdsourced pen testing market.

Crowdsourced pen testing market has shown an exceptional penetration in the North American region. Increasing concern for data security among large organization and high adoption of cloud computing and IOT devices also increase the demand for the pen testing tools, this factor is also positively affecting the market growth.

Crowdsourced Pen Testing Market Scenario

According to Data Bridge Market Research the market for crowdsourced pen testing is growing with market leader Synack which accounts an estimated market share around 19.8% in the North America. The company is engaged in designs and testing solutions and tester that help the organization to identify the bug at the right time.

  • In July 2019, Synack launched crowdsourced penetration test designed specifically for government. The crowdsourced penetration test offering a bug bounty-based vulnerability discovery model coupled with NIST 800-53 guidelines. This product launch helped the company to strengthen their product portfolio.

North America Crowdsourced Pen Testing Market Trends Impacting the Market

Now the question is which other countries HackerOne, planit testing, bugcrowd are targeting? Data Bridge Market Research has forecast a large growth in U.S. crowdsourced pen testing market and the market leaders are targeting Canada and Mexico to be their next revenue pockets for 2020.

The crowdsourced pen testing market is becoming more competitive every year with companies such as Synack, HackerOne, Bugcrowd, and Planit Testing as they are the market leaders for North America crowdsourced pen testing. Data Bridge Market Research new reports highlights the major growth factors and opportunities in the North America crowdsourced pen testing market.

Crowdsourced Pen Testing Market Development

  • In April 2020, Rapid7 launched AttackerKB, a service for crowdsourcing vulnerability assessments. AttackerKB provides a community-driven crowdsourced alternative at no extra cost, for both large and small companies. AttackerKBusers choose which vulnerabilities to assess as high-impact or benign based on their interests, skill sets, and personal experiences such as penetration testers. This service launch helped the company to get a competitive advantage in the market.

Scope of the North America Crowdsourced Pen Testing Market

Country based analysis of North America crowdsourced pen testing market is further analyzed based on further segmentation. On the basis of type, the market is segmented into web application, mobile and others. On the basis of deployment model, the market is segmented into on-premises and cloud. On the basis of organization size, the market is segmented into large enterprises and small and medium-sized enterprises (SMES). On the basis of end user, the market is segmented into banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare, transport, retail, hospitality, media and entertainment.

To know more about the study

Key Pointers Covered in the North America Crowdsourced Pen Testing Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Impact of COVID 19
  • Market Trend Analysis
  • Market Development Factors
  • Recent Developments for Market Competitors
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Synack
  • HackerOne
  • Planit Testing
  • Bugcrowd
  • Applause App Quality, Inc.
  • Qualitest
  • QA InfoTech
  • Cobalt
  • Netragard
  • Rapid7

Above are the key players covered in the report, to know about more and exhaustive list of North America crowdsourced pen testing companies, contact us:

Research Methodology: North America Crowdsourced Pen Testing Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed 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.

Primary Respondents

  • Demand Side: Crowdsourced Tester, Pen Tester, Data Security Inspector
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers

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