North America Crowdsourced Pen Testing Market By Type (Web Application, Mobile and Others), Deployment Model (On-Premise, Cloud), Organization Size (Large Organization, Small and Medium-Sized Enterprises (SMES)), End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecommunication, Healthcare, Transport, Retail, Hospitality, Media and Entertainment), Country (U.S, Canada, Mexico) Industry Trends and Forecast to 2027
Crowdsourced pen testing market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.3% in the forecast period of 2020 to 2027 and expected to reach USD 209.76 million by 2027. Rising adoption of mobile based application is factor attributes growth of the market.
Crowdsourced pen testing, also known as crowdsourced penetration testing, is a security program which checks exploitable vulnerabilities of a web page against cyber-attack from the hacker’s point of view. Mainly pen testing is used to augment web application firewall. In crowdsourced pen testing a number of ethical hackers were engaged to search and report vulnerabilities on a business network, application and websites, among others.
North America crowdsourced pen testing market is on growth phase rapidly due to increasing demand in IT industries. Various types of crowdsourced pen testing methods like external testing, internal testing, blind testing, double-blind testing, and targeted testing are available in the market which measures site vulnerability and prevent it from hackers.
This crowdsourced pen testing market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America crowdsourced pen testing market is segmented into four notable segments which are based on type, deployment model, organization size and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the crowdsourced pen testing market is segmented into web application, mobile and others. In 2020, web application segment dominates the market as growing digitalization in the industrial sectors towards data security is major factor for increasing demand for pen testing for web application.
- On the basis of deployment model, the crowdsourced pen testing market is segmented into on-premises and cloud. In 2020, on-premises segment dominates the market as growing concern organization towards adoption of cloud has increases the concern towards data security.
- On the basis of organization size, the crowdsourced pen testing market is segmented into large enterprises and small and medium-sized enterprises (SMES). In 2020, large organization accounted large market is due to the increasing amount of unstructured data has resulted in increasing demand for pen tester.
- On the basis of end user, the crowdsourced pen testing market is segmented into banking, financial services, and insurance (BFSI), IT and telecommunication, healthcare, transport, retail, hospitality, media and entertainment. In 2020, IT & Telecom accounted large market share due to the growing adoption of 5G has resulted in the increase amount of data generation.
North America crowdsourced pen testing market is analysed and market size information is provided by country, type, deployment model, organization size and end user as referenced above.
The countries covered in North America crowdsourced pen testing market report are U.S, Canada, and Mexico.
The U.S. accounted for the largest market share for the crowdsourced pen testing market as the growing demand for shifting of data in the cloud has increases the concern of organization towards data security. However, the Canada accounted largest market share as the growing number of internet users has increases the demand for the cloud.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising 5G and Mobile Data Traffic
Crowdsourced pen testing market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in crowdsourced pen testing and changes in regulatory scenarios with their support for the crowdsourced pen testing market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Crowdsourced Pen Testing Market Share Analysis
Crowdsourced pen testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to crowdsourced pen testing market.
The major players covered in the report are Synack, HackerOne, Planit Testing, Bugcrowd, Applause App Quality, Inc., Qualitest, QA InfoTech, Cobalt, Netragard, Rapid7 among others are other global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of crowdsourced pen testing market.
- In May 2020, Applause App Quality, Inc. had launched an integrated functional testing solution. The new solution integrates with existing manual and automated testing which further help organization to improve the quality of data. This product launch helped the company to strengthen its product portfolio.
- 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.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for crowdsourced pen testing market.
Customization Available: North America Crowdsourced Pen Testing Market
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