Global Crowdsourced Security Market is accounted for $93.90 million in 2020 and is expected to reach $194.08 million by 2028 growing at a CAGR of 9.5% during the forecast period. Increase in the cyber-attacks, privacy & data protection and rising threats from hackers are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising adoption of evolving technologies, such as cloud computing, along with the acceptance of online services, create huge possibility for cyber-attackers from around the world to cause damage to systems. The existence of growing countries, such as India and China are rapidly implementing latest technologies due to the increasing internet saturation and improving customer demand. Adoption of new techniques to safeguard the systems and applications is responsible for the growth of the crowdsourced security market in the region.
Some of the key players profiled in the Crowdsourced Security Market include Applause, Bugcrowd Inc, Cobalt, Crowdsprint, Global App Testing, HackerOne, Inc, Planit Test Management Solutions Pty Ltd, Rainforest, Synack, Inc, Testlio Inc, and Zerocopter B.V.
Crowd Types Covered in Crowdsourced Security Market
• Private Crowds
• Public Crowds
Forms Covered:
• Crowdsourced Bug Bounty
• Gamified Crowdsourcing Technologies
• Sharing Intelligence
• Collaborating for a Specific Cause
• Crowdsourced Penetration Tests
Types Covered:
• Web Application
• Mobile Application
• Internet of Things (IoT)
• Wireless
• Network
Deployment Modes Covered:
• Cloud
• On-Premise
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises
Applications Covered:
• Back Office
• Front Office
End Users Covered:
• Government
• Defense
• Banking, Financial Services and Insurance (BFSI)
• Telecom & IT
• Travel & Hospitality
• Healthcare
• E-Commerce
• Education
• Retail
• Media & Entertainment
• Aerospace
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