Synack, HackerOne, Bugcrowd are Dominating the Asia-Pacific Crowdsourced Pen Testing Market in 2019

Asia-Pacific Crowdsourced Pen Testing Market is expected to grow with the CAGR of 10.7% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Asia-Pacific crowdsourced pen testing market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Asia-Pacific crowdsourced pen testing market are introducing strong range of service portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, 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.

Synack is the dominating player in Asia-Pacific crowdsourced pen testing market. The other key players existing in the market includes Synack, HackerOne, Planit Testing, Bugcrowd, Applause App Quality, Inc., Qualitest, QA InfoTech, Cobalt, Netragard and Rapid7, among others.

 Asia-Pacific Crowdsourced Pen Testing MarketSynack

Synack is headquartered in California, U.S and was founded in year 2013. The company is engaged in to revolutionize cybersecurity by combining human intelligence and artificial intelligence to create a scalable, effective security solution. The company offers wide range of solutions categories such as smartscan, discover, certify, synack365 among which smartscan, discover, certifya and synack365 are our market focused business segments.

  • 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.

The company has a wide global presence across North America, Europe, Middle East and Asia-Pacific.

HackerOne

HackerOne is headquartered in California, U.S. The company is engaged in in empowering the world to build a safer internet. The company product in the following categories such as response, bounty, pentest, hackerone clear, services among which pentest is market focused category.

  • In June 2020, HackerOne launched hacker-powered pen-testing. The major feature of HackerOne is that it can easily complement existing products which help the organizations to find and fix vulnerabilities before it gets exploited. This product launch will help to remain competitive in the market.

The company has a wide global presence across North America, Europe and Asia-Pacific.

BugCrowd

BugCrowd is headquartered in California, U.S. The company is engaged in is engaged in managing bug bounty, vulnerability disclosure, and next-gen pen test programs. The company offers following products such as penetration testing, bug bounty, vulnerability disclosure, attack surface management, bug bash out of which penetration testing is market focused product category.

  • In November 2018, Bugcrowd launched Bugcrowd Next Gen Pen Test to meet the changing security needs of today’s enterprise. Next Gen Pen Test brings the best of the crowdsourced security model to take pen tests to the next level, disrupting the current pen test market with three distinct differentiators: Continuous coverage, Proven pen testers, and Whitehat hackers, SDL integrations. This product launch helped the company to get a competitive advantage in the market.

The company has a wide global presence across North America, Europe and Asia-Pacific.