Crowdsourced Pen Testing Market to Grow at 9.35% CAGR through 2029, Driven by Rising Cybersecurity Threats and Demand for Cost-Effective Vulnerability Testing | DataM Intelligence

According to DataM Intelligence, the global Crowdsourced Pen Testing market is expected to grow at a CAGR of 9.35% during the forecast period 2022-2029. This growth is propelled by escalating cyber threats and data breaches, increasing adoption of crowdsourced platforms for scalable and diverse ethical hacking expertise, cost-effectiveness compared to traditional pen testing, rapid digital transformation across industries, strong demand in BFSI and IT for continuous vulnerability assessment, expanding use in cloud and mobile application security, and growing regulatory requirements for proactive security testing.

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United States Key Industry Developments
☑️ January 2026: Bugcrowd expanded its platform with new AI-assisted vulnerability triage tools, securing major contracts with U.S. financial institutions and tech companies for enhanced crowdsourced pen testing.
☑️ January 2026: HackerOne reported record growth in private bug bounty programs, with increased participation from Fortune 500 firms focusing on cloud and network infrastructure testing.
☑️ December 2025: Checkmarx integrated crowdsourced pen testing capabilities into its application security suite, gaining traction among enterprises for hybrid security testing.
☑️ December 2025: Core Security advanced its crowdsourced offerings for social engineering simulations, addressing rising demand in BFSI and healthcare sectors.

Japan Key Industry Developments
☑️ January 2026: Japanese enterprises accelerated adoption of crowdsourced pen testing for mobile and web applications, supported by updated cybersecurity guidelines and rising digital banking initiatives.
☑️ January 2026: Local and global platforms showcased advanced crowdsourced security testing solutions at major tech and cybersecurity conferences in Tokyo, emphasizing cloud and IoT vulnerabilities.
☑️ December 2025: Growing use of crowdsourced platforms for continuous testing in telecom and retail sectors, driven by increasing cyber incidents and regulatory compliance needs.

Key Mergers and Acquisitions
✦ HackerOne acquired a specialized crowdsourced security startup to enhance its platform with advanced social engineering and network infrastructure testing capabilities (early 2026 integration).
✦ Bugcrowd completed a strategic acquisition of a bug bounty management firm to strengthen its private program offerings and expand into emerging verticals.
✦ Checkmarx secured a licensing agreement with an AI-driven vulnerability detection innovator to incorporate next-generation crowdsourced pen testing features into its suite.

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Market Segmentation Analysis
By Type: Security Testing dominates; followed by Functionality Testing, Performance Testing, Usability Testing, Localization Testing, and Others.
By Platform: Website Testing and Mobile Testing lead; followed by Others.
By Application: Website Application and Mobile Application hold significant shares; followed by Social Engineering, Network Infrastructure, Cloud, and Others.
By Verticals: BFSI, IT, Healthcare, Retail and eCommerce, Telecom, Education, and Others.

Regional Insights
North America commands the largest market share in the global Crowdsourced Pen Testing market, supported by high cybersecurity spending, widespread adoption of bug bounty programs by enterprises, strong presence of leading platforms like HackerOne and Bugcrowd, stringent data protection regulations, and continuous innovation in crowdsourced security testing across BFSI, IT, and healthcare sectors.
Asia-Pacific remains the fastest-growing region, fueled by rapid digitalization, increasing cyber threats in emerging economies, growing adoption of mobile and cloud applications, rising regulatory focus on cybersecurity, and aggressive market entry by global and local crowdsourcing providers.

Growth Drivers
✦ Escalating frequency and sophistication of cyber attacks worldwide
✦ Cost-effective and scalable alternative to traditional pen testing services
✦ Strong demand for continuous security testing in cloud, mobile, and web applications
✦ Increasing regulatory and compliance requirements for vulnerability management
✦ Expansion of crowdsourced platforms with diverse ethical hacker communities

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Key Players
The market includes leading companies such as App testing, Rainforest, Applause App Quality, Crowdsprint, Testbirds GmbH, Crowdsourced Testing SpA, Flatworld Solutions Pvt. Ltd, Core Security, Checkmarx, HackerOne, Bugcrowd, and others.

Key Highlights (Top 5 Key Players)
✦ HackerOne - Leading with large-scale bug bounty programs and private pen testing for enterprises.
✦ Bugcrowd - Dominating in crowdsourced vulnerability discovery and remediation services.
✦ Checkmarx - Strong in integrated application security testing with crowdsourced capabilities.
✦ Applause App Quality - Advancing mobile and web testing through global crowdsourced communities.
✦ Testbirds GmbH - Providing specialized crowdsourced security and usability testing solutions.

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