Crowdsourced Security Market Forecasts to 2028 – Global Analysis By Type (Web Application, Mobile Application, Internet of Things (IoT)), Wireless), Application (Back Office, Front Office), and By Geography
According to Stratistics MRC, the 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. However, huge cost of development is hampering the market growth.
Crowdsourcing is defined as the aggregation of many human resources (workers) for the purpose of achieving a common goal. It has been widely popular around the globe. Indeed, security specialists have regularly incorporated it and the outcomes were genuinely productive. A number of different security tools all of which are based on testing the effectiveness of security measures in place in the target products by outside individuals and developers that comes under the broad term of crowdsourced security.
Based on type, the mobile application segment is estimated to have a lucrative growth due to the mobile application segment is expected to grow at the highest growth rate during the forecast period. The adoption rate of mobile applications is rapidly increasing as a large number of enterprises have started serving their customers through mobile applications. The growth of Android and IOS development of applications has led to vast amount of organizations opting for security assessment solutions such as the new and innovative approaches like crowdsourced security.
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:
• Private Crowds
• Public Crowds
• Crowdsourced Bug Bounty
• Gamified Crowdsourcing Technologies
• Sharing Intelligence
• Collaborating for a Specific Cause
• Crowdsourced Penetration Tests
• Web Application
• Mobile Application
• Internet of Things (IoT)
Deployment Modes Covered:
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises
• Back Office
• Front Office
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Telecom & IT
• Travel & Hospitality
• Media & Entertainment
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
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