Crowdsourced Security market to achieve notable growth of USD 206.5 million by 2029

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Data Bridge Market Research analyses that the crowdsourced security market will exhibit a CAGR of 9.4% for the forecast period of 2022-2029 and is likely to reach USD 206.5 million in 2029.

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Crowdsourced security is the combination of various security-based solutions and services, all of that involve inviting people to check a selected product for any faults, vulnerabilities or any cyber threats if present. Variety of various security tools all of that are supported testing the effectiveness of security measures in place within the target product by outside people and developers that come back beneath the broad term of crowdsourced security.

The upgrading and adopting the different security measures is the major factor accelerating the growth of the crowdsourced security market. Furthermore, focus of different industries on upgradation of traditional security measures and requirements to meet the different compliances in terms of the security of a particular product are also expected to drive the growth of the crowdsourced security market. However, growing concerns about cyber-attack and data security threats and lack of extent restrains the crowdsourced security market, whereas, cost of crowdsourced security and shortage of skilled workforce and technical knowledge will challenge market growth.

How Data Bridge Market Research Assists in Making Strategic Moves for Crowdsourced Security Market Players?

The data provided in the Crowdsourced Security market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Key Players Operating at both regional and global levels:

The major players operating in the crowdsourced security market report are Bugcrowd, HackerOne, detectify, Synack.com, Applause App Quality, Inc., Zerocopter B.V., Cobalt, Planit Testing, passbrains ag, Cigniti Technologies, Global App Testing, Rainforest, Crowdsprint, Bugwolf, Digivante General Electric, PTC, Siemens, SAP SE, Alphabet Inc., Dell, Cisco Systems, Robert Bosch GmbH, Microsoft Corporation, IBM Corporation, Ansys, Swim inc., and Oracle Corporation NetNumber Inc.; among other.

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market's growth?
Who are the key market vendors and their growth strategies?
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What are the factors influencing the growth of the parent market?
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Market Segmentation of Crowdsourced Security Market:

Crowdsourced security market on the basis of form has been segmented as crowdsourced bug bounty, gamified crowdsourced technologies, sharing intelligence, collaborating for a specific cause, crowdsourced penetration tests and others.
Based on crowd type, the crowdsourced security market has been segmented as private and public.
Crowdsourced security market has been segmented into web application, mobile application and others on the basis of type.
Based on deployment mode, the crowdsourced security market has been segmented as cloud and on-premises.
On the basis of organization size, small and medium-sized enterprises (SMEs) and large enterprises are the two segments of the market.
On the basis of application, the market consists of back office and front office.
Crowdsourced security has been segmented on the basis of end use vertical into telecom and IT, banking, financial services and insurance (BFSI), healthcare, transport, travel and hospitality, retail, media and entertainment and others.
Global Crowdsourced Security Market: Regional Analysis

The countries covered in the crowdsourced security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the crowdsourced security market due to the adopting the latest technologies available in the region. Asia-Pacific is expected to grow in the forecast period of 2022-2029 because of the utilizing the advanced security solutions for protecting the integrity of these technologies in the region.

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