Crowdsourced Security Market by Type (Web Application, Mobile Application, and others), Deployment Mode, Organization Size, Vertical, and Region (North America, Europe, APAC, Latin America, MEA)

Rising security needs with digital transformation in organizations and increasing need to upgrade traditional security testing methodologies to drive the market growth for crowdsourced security

The global crowdsourced security market size is expected to grow from USD 90 million in 2019 to USD 135 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period. The rapid digital transformation taking place across the globe has changed the way organizations are functioning. Hence, with the fast adoption of technology at enterprise levels, new age digital technologies leading the market, increasing 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 them. This has led organizations to demand agile and iterative approaches for securing applications and systems through crowdsourcing platforms, thus driving the growth of the crowdsourced security market.

Among the type segment, the web application segment to account for the largest market share during the forecast period

Under the type segment, the web application segment is expected to hold the largest market share during the forecast period, with increased online activities the web applications are considered as the easiest surface for attacks, due to multiple reasons such as cloud deployments and user-friendly interfaces. Hence, to assess security, the hacker uses an attack or threat to penetrate cybersecurity applications to be tested for vulnerabilities, leading more organizations to adopt crowdsourced security solutions.

Among the verticals segment, the retail vertical to account for the largest market share during the forecast period

Among the verticals segment, the retail vertical is expected to account for the largest market share during the forecast period. The growth of mid-sized businesses can be largely attributed to the growth of the e-commerce sector that has led to an increase in a vast number of web and mobile applications. With more usage of these applications, huge data is generated that includes personal information of users, payment card information, and other sensitive information that can be targeted by cyber attackers. This reason has led to a large number of organizations in retail vertical to adopt crowdsourced security solutions.

Among regions, APAC to grow at the highest CAGR during the forecast period

APAC is estimated to grow at the highest CAGR during the forecast period, due to the widespread adoption of emerging technologies, such as cloud computing, along with the fast-paced adoption of online services, making a vast scope for cyber-attackers from across the globe to cause harm to their systems, leading more organizations to adopt crowdsourced security solutions. Moreover, the presence of growing economies, such as China and India that are rapidly implementing latest technologies due to the increasing internet penetration and improving customer demand adopting new approaches to securing their systems and applications is considered to be a key factor for the growth of the crowdsourced security market in the region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the crowdsourced security market.

The breakup of the profiles of the primary participants is given below:

By Company: Tier 1 – 15%, Tier 2 – 45%, and Tier 3 – 40%
By Designation: C-Level – 40%, Director Level – 25%, Managers – 25%, Others – 10%
By Region: North America – 20%, Europe – 30%, APAC – 40%, and RoW – 10%

The following key crowdsourced security vendors are profiled in the report:

Applause (US)
Bugcrowd Inc. (US)
Cobalt Labs Inc. (US)
Detectify (Sweden)
HackerOne (US)
passbrains (Germany)
Planit (US)
Rainforest (US)
Synack (US)
Zerocopter (Netherlands)

Research Coverage
Crowdsourced security market by type, deployment mode, organization size (large enterprises and small and medium-sized enterprises), vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the global crowdsourced security market.

Reasons to Buy the Report
The report would help the market leaders/new entrants in the following ways:

It comprehensively segments the crowdsourced security market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across regions.
It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new service developments, partnerships, and acquisitions.

1 Introduction

1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology

2.1 Research Data
2.1.1 Breakup of Primary Profiles
2.1.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the Crowdsourced Security Market
4.2 Market By Vertical and Region
4.3 Market Major Countries

5 Market Overview and Industry Trends

5.1 Market Overview
5.2 Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Security Needs With Digital Transformation in Organizations
5.3.1.2 Increasing Need to Upgrade Traditional Security Testing Methodologies
5.3.1.3 Growing Need to Meet Compliance Requirements
5.3.2 Restraints
5.3.2.1 Limited Scope for Crowdsourced Security Assessment
5.3.2.2 Preference for Preventive Security Measures Over Remedial Measures
5.3.3 Opportunities
5.3.3.1 Growth of IoT to Increase the Need for Crowdsourced Security Services
5.3.4 Challenges
5.3.4.1 Challenge in Ensuring and Maintaining Crowd Quality
5.3.4.2 Concerns Over Data Security and Confidentiality
5.4 Industry Trends
5.4.1 Regulatory Implications
5.4.1.1 General Data Protection Regulation
5.4.1.2 System and Organization Controls 2 Type II Compliance
5.4.1.3 ISO/IEC 27001
5.4.1.4 Payment Card Industry Data Security Standard
5.4.1.5 Health Insurance Portability and Accountability Act
5.4.1.6 Federal Information Security Management Act
5.4.1.7 Gramm-Leach-Bliley Act

6 Crowdsourced Security Market, By Type

6.1 Introduction
6.2 Web Application
6.2.1 Rising Digital Transformation and Increasing Vulnerability Attacks on Web Applications to Drive the Growth of the Market in the Segment
6.3 Mobile Application
6.3.1 Increase in Number of Mobile Applications and Devices to Drive the Growth of the Market in the Segment
6.4 Others

7 Crowdsourced Security Market By Deployment Mode

7.1 Introduction
7.2 Cloud
7.2.1 Wide-Scale Deployment of Crowdsourced Security Platforms in Cloud to Drive Growth of Cloud Segment
7.3 On-Premises
7.3.1 Increasing Number of Mobile-Based Applications to Drive the Growth of the On-Premises Segment

8 Crowdsourced Security Market By Organization Size

8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.2.1 Reduced Costs and Improved Business Efficiency for Small and Medium-Sized Enterprises to Drive the Adoption of Crowdsourced Security in Small and Medium-Sized Enterprises
8.3 Large Enterprises
8.3.1 Presence of A Large Amount of Sensitive Data and Large-Scale Application Deployments to Drive the Adoption of Crowdsourced Security Solutions in Large Enterprises

9 Crowdsourced Security Market, By Vertical

9.1 Introduction
9.2 Telecom and IT
9.2.1 Rising Digitization of Telecom and IT Vertical to Drive the Growth of the Market in the IT and Telecom Vertical
9.3 Banking, Financial Services, and Insurance
9.3.1 Presence of Highly Sensitive Data and Rise in Security Concerns to Drive the Growth of the Market in the Banking, Financial Services, and Insurance (BFSI) Vertical
9.4 Healthcare
9.4.1 High Adoption of Advanced Technologies and Need for Securing Sensitive Data to Drive the Growth of the Market in the Healthcare Vertical
9.5 Transport, and Travel and Hospitality
9.5.1 Accelerating IT Evolution and Increasing Digital Transformation to Drive the Growth of Market in Transport, and Travel and Hospitality Vertical
9.6 Retail
9.6.1 Increasing Applications Due to the Rising Business Opportunities in the Retail and eCommerce Vertical to Drive the Growth of the Market in the Vertical
9.7 Media and Entertainment
9.7.1 Increased Content Access and Supply Due to Rapid Digitization to Drive the Growth of the Market in the Media and Entertainment Vertical
9.8 Others

10 Crowdsourced Security Market By Region

10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Presence of Leading Technology Companies to Drive the Market Growth in the United States
10.2.2 Canada
10.2.2.1 Rising Digital Investments to Drive the Growth of the Market in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Industry-Specific Growth in Digital Transformation in the United Kingdom to Drive the Market Growth
10.3.2 Germany
10.3.2.1 Rising Security Awareness to Drive the Growth of the Market in Germany
10.3.3 France
10.3.3.1 Increasing Cybercrimes and Rising Need for Securing Business Operations to Drive the Growth of the Market in France
10.3.4 Italy
10.3.4.1 Rising Awareness to Carry Out Secure Business Functioning to Drive the Growth of the Market in Italy
10.3.5 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increased Technology Adoption Among Businesses and Users to Drive the Growth of the Market in China
10.4.2 Japan
10.4.2.1 Dependency on ICT Solutions for Efficient Business Functioning to Drive the Growth of the Market in Japan
10.4.3 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Increasing Vulnerabilities of IT Security Infrastructure to Drive the Growth of the Market in Middle East
10.5.2 Africa
10.5.2.1 Rising Technology Adoption in Africa to Drive the Growth of the Market in Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Rising Awareness of Cybersecurity to Drive the Growth of the Market in Brazil
10.6.2 Mexico
10.6.2.1 Increasing Cyberattacks to Drive the Growth of the Market in Mexico
10.6.3 Rest of Latin America

11 Competitive Landscape

11.1 Introduction
11.2 Competitive Scenario
11.2.1 New Product Launches and Product Enhancements
11.2.2 Agreements and Partnerships
11.3 Market Ranking of Key Players

12 Company Profiles

12.1 Introduction
(Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2 Hackerone
12.3 Bugcrowd
12.4 Detectify
12.5 Synack
12.6 Applause
12.7 Cobalt Labs
12.8 Zerocopter
12.9 Planit
12.10 Passbrains
12.11 Rainforest
*Details on Business Overview, Solutions. Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix

13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Factor Analysis
Table 2 Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 3 Web Application: Market Size, By Region, 2017–2024 (USD Million)
Table 4 North America: Web Application Market Size, By Country, 2017–2024 (USD Million)
Table 5 Europe: Web Application Market Size, By Country, 2017–2024 (USD Million)
Table 6 Mobile Application: Market Size, By Region, 2017–2024 (USD Million)
Table 7 North America: Mobile Application Market Size, By Country, 2017–2024 (USD Million)
Table 8 Europe: Mobile Application Market Size, By Country, 2017–2024 (USD Million)
Table 9 Others Type: Market Size, By Region, 2017–2024 (USD Million)
Table 10 North America: Others Type Market Size, By Country, 2017–2024 (USD Million)
Table 11 Europe: Others Type Market Size, By Country, 2017–2024 (USD Million)
Table 12 Crowdsourced Security Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 13 Cloud: Market Size, By Region, 2017–2024 (USD Million)
Table 14 North America: Cloud Market Size, By Country, 2017–2024 (USD Million)
Table 15 Europe: Cloud Market Size, By Country, 2017–2024 (USD Million)
Table 16 On-Premises: Market Size, By Region, 2017–2024 (USD Million)
Table 17 North America: On-Premises Market Size, By Country, 2017–2024 (USD Million)
Table 18 Europe: On-Premises Market Size, By Country, 2017–2024 (USD Million)
Table 19 Crowdsourced Security Market Size, By Organization Size, 2017–2024 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 21 North America: Small and Medium-Sized Enterprises Market Size, By Country, 2017–2024 (USD Million)
Table 22 Europe: Small and Medium-Sized Enterprises Market Size, By Country, 2017–2024 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 2017–2024 (USD Million)
Table 24 North America: Large Enterprises Market Size, By Country, 2017–2024 (USD Million)
Table 25 Europe: Large Enterprises Market Size, By Country, 2017–2024 (USD Million)
Table 26 Crowdsourced Security Market Size, By Vertical, 2017–2024 (USD Million)
Table 27 Telecom and IT: Market Size, By Region, 2017–2024 (USD Million)
Table 28 North America: Telecom and IT Vertical Market Size, By Country, 2017–2024 (USD Million)
Table 29 Europe: Telecom and IT Vertical Market Size, By Country, 2017–2024 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size, By Region, 2017–2024 (USD Million)
Table 31 North America: Banking, Financial Services, and Insurance Market Size, By Country, 2017–2024 (USD Million)
Table 32 Europe: Banking, Financial Services, and Insurance Market Size, By Country, 2017–2024 (USD Million)
Table 33 Healthcare: Market Size, By Region, 2017–2024 (USD Million)
Table 34 North America: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 35 Europe: Healthcare Market Size, By Country, 2017–2024 (USD Million)
Table 36 Transport, and Travel and Hospitality: Market Size, By Region, 2017–2024 (USD Million)
Table 37 North America: Transport, and Travel and Hospitality Market Size, By Country, 2017–2024 (USD Million)
Table 38 Europe: Transport, and Travel and Hospitality Market Size, By Country, 2017–2024 (USD Million)
Table 39 Retail: Crowdsourced Security Market Size, By Region, 2017–2024 (USD Million)
Table 40 North America: Retail Market Size, By Country, 2017–2024 (USD Million)
Table 41 Europe: Retail Market Size, By Country, 2017–2024 (USD Million)
Table 42 Media and Entertainment: Market Size, By Region, 2017–2024 (USD Million)
Table 43 North America: Media and Entertainment Market Size, By Country, 2017–2024 (USD Million)
Table 44 Europe: Media and Entertainment Market Size, By Country, 2017–2024 (USD Million)
Table 45 Others Vertical: Market Size, By Region, 2017–2024 (USD Million)
Table 46 North America: Others Vertical Market Size, By Country, 2017–2024 (USD Million)
Table 47 Europe: Others Vertical Market Size, By Country, 2017–2024 (USD Million)
Table 48 Crowdsourced Security Market Size, By Region, 2017–2024 (USD Million)
Table 49 North America: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 50 North America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 51 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 52 North America: Market Size By Vertical, 2017–2024 (USD Million)
Table 53 North America: Market Size By Country, 2017–2024 (USD Million)
Table 54 United States: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 55 United States: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 56 United States: Market Size By Organization Size, 2017–2024 (USD Million)
Table 57 United States: Market Size By Vertical, 2017–2024 (USD Million)
Table 58 Canada: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 59 Canada: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 60 Canada: Market Size By Organization Size, 2017–2024 (USD Million)
Table 61 Canada: Market Size By Vertical, 2017–2024 (USD Million)
Table 62 Europe: Market Size By Type, 2017–2024 (USD Million)
Table 63 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 64 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 65 Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 66 Europe: Market Size By Country, 2017–2024 (USD Million)
Table 67 United Kingdom: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 68 United Kingdom: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 69 United Kingdom: Market Size By Organization Size, 2017–2024 (USD Million)
Table 70 United Kingdom: Market Size By Vertical, 2017–2024 (USD Million)
Table 71 Germany: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 72 Germany: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 73 Germany: Market Size By Organization Size, 2017–2024 (USD Million)
Table 74 Germany: Market Size By Vertical, 2017–2024 (USD Million)
Table 75 France: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 76 France: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 77 France: Market Size By Organization Size, 2017–2024 (USD Million)
Table 78 France: Market Size By Vertical, 2017–2024 (USD Million)
Table 79 Italy: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 80 Italy: Market Size By Deployment Mode 2017–2024 (USD Million)
Table 81 Italy: Market Size By Organization Size, 2017–2024 (USD Million)
Table 82 Italy: Market Size By Vertical, 2017–2024 (USD Million)
Table 83 Rest of Europe: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 84 Rest of Europe: Market Size By Deployment Mode 2017–2024 (USD Million)
Table 85 Rest of Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 86 Rest of Europe: Market Size By Vertical, 2017–2024 (USD Million)
Table 87 Asia Pacific: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 88 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 89 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 90 Asia Pacific: Market Size By Vertical, 2017–2024 (USD Million)
Table 91 Asia Pacific: Market Size By Country, 2017–2024 (USD Million)
Table 92 Middle East and Africa: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 93 Middle East and Africa: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 94 Middle East and Africa: Market Size By Organisation Size, 2017–2024 (USD Million)
Table 95 Middle East and Africa: Market Size By Vertical, 2017–2024 (USD Million)
Table 96 Middle East and Africa: Market Size By Country, 2017–2024 (USD Million)
Table 97 Latin America: Crowdsourced Security Market Size, By Type, 2017–2024 (USD Million)
Table 98 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 99 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 100 Latin America: Market Size By Vertical, 2017–2024 (USD Million)
Table 101 Latin America: Market Size By Country, 2017–2024 (USD Million)
Table 102 New Product Launches and Product Enhancements, 2018–2019
Table 103 Agreements and Partnerships, 2019

List of Figures

Figure 1 Crowdsourced Security Market: Research Design
Figure 2 Research Methodology
Figure 3 Market Top-Down and Bottom-Up Approaches
Figure 4 Market Size, 2019–2024
Figure 5 Web Segment to Hold the Largest Market Size During the Forecast Period
Figure 6 Large Enterprises Segment to Account for A Higher Market Share in 2019
Figure 7 Telecom and IT Vertical to Hold the Largest Market Size in 2019
Figure 8 Crowdsourced Security Market: Regional Snapshot
Figure 9 Growing Security Concerns and Rising Digital Transformation to Drive Crowdsourced Security Market Growth During the Forecast Period
Figure 10 Telecom and IT Vertical and North America to Account for the Highest Market Shares in 2019
Figure 11 China to Grow at the Highest CAGR From 2019 to 2024
Figure 12 Crowdsourced Security Model
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Crowdsourced Security Market
Figure 14 Mobile Application Segment to Grow at the Highest CAGR From 2019 to 2024
Figure 15 Cloud Segment to Grow at A Higher CAGR From 2019 to 2024
Figure 16 Large Enterprises Segment to Grow at A Higher CAGR From 2019 to 2024
Figure 17 Retail Vertical to Grow at the Highest CAGR From 2019 to 2024
Figure 18 Asia Pacific to Grow at the Highest CAGR During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Retail Vertical to Witness the Highest Growth Rate in North America From 2019 to 2024
Figure 21 Retail Vertical to Register the Highest Growth Rate in Europe From 2019 to 2024
Figure 22 Asia Pacific: Market Snapshot
Figure 23 Retail Vertical to Grow at the Highest CAGR in Asia Pacific From 2019 to 2024
Figure 24 Key Developments By Leading Players in the Crowdsourced Security Market, 2019–2024
Figure 25 Market Ranking of Key Players in the Crowdsourced Security Market, 2019

Samples

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Executive Summary

Companies Mentioned

HackerOne
Bugcrowd
Detectify
Synack
Applause
Cobalt Labs
Zerocopter
Planit
Passbrains
Rainforest

Table Information

Report Attribute	Details
No. of Pages	138
Published	October 2019
Forecast Period	2019 - 2024
Estimated Market Value ( USD ) in 2019	$ 90 million
Forecasted Market Value ( USD ) by 2024	$ 135 million
Compound Annual Growth Rate	8.4%
Regions Covered	Global
No. of Companies Mentioned	10

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Crowdsourced Security Market by Type (Web Application, Mobile Application, and others), Deployment Mode, Organization Size, Vertical, and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2024

Table of Contents

Samples

Executive Summary

Companies Mentioned

Table Information

Table of Contents

Samples

Executive Summary

Companies Mentioned

Table Information

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