Global Crowdsourced Security Market was valued US$ XX Mn in 2019 and is expected to reach US$ 158.6 Mn by 2026, at a CAGR of around XX% during a forecast period.
Crowdsourcing is an aggregation of many human resources to achieve a common goal. It has been usually popular around the globe. Indeed, security specialists have regularly combined it and the outcomes were genuinely productive.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The reports cover detail dynamics in the crowdsourced security market as organic and inorganic growth strategies. Such as the rapid digital transformation taking place across the world has changed the way organizations are functioning. Hence, rising number of applications, and data moving quickly into the digital reality, hackers have found more opportunities to create and find more potential entry points making it tough for the cybersecurity professionals to find and fix vulnerabilities along with keeping track of everything. This has led organizations to demand agile and iterative approaches for securing applications and systems through crowd sourcing platforms, so driving the growth of crowdsourced security market globally.
However, High development costs, budget constraints and less technical integration are the major factors which would hinder the growth of crowdsourced security market during the forecasted period.
The report offers a brief analysis of the major regions in the market, namely, APAC, Europe, North America, South America, and the Middle East & Africa. North America is expected to grow at a CAGR of XX% during the 2019-2026, because of the early adoption of advanced technologies, such as cloud, helping crowdsourced security service providers to implement efficient crowdsourced security solutions.
The report analyzes a recent development in the global market for crowdsourced security like In October 2018, Synack, HackerOne, and Bugcrowd collaborated to join the third iteration of Hack the Pentagon, a bug bounty program, which would increase testing to the Defense Digital Department’s customer sites and applications, that contains of two-way information flow between developers and hackers, so expanding crowdsourced security offerings of the 3 companies.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Crowdsourced Security Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Crowdsourced Security Market.
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Scope of the Global Crowdsourced Security Market
Global Crowdsourced Security Market, By Type
• Web Application
• Mobile Application
Global Crowdsourced Security Market, By Deployment Mode
Global Crowdsourced Security Market, By Organization Size
• Large Enterprises
• Small and Medium-sized Enterprises
Global Crowdsourced Security Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Crowdsourced Security Market
• Cobalt Labs
• Global App Testing
• Bugcrowd Inc.
• HackerOne Inc.
• Synack Inc.
• Dentrix Inc.
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