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Crowdsourced Security Market Worth $135 Million by 2024 - Exclusive Report by MarketsandMarkets™
[October 09, 2019]

Crowdsourced Security Market Worth $135 Million by 2024 - Exclusive Report by MarketsandMarkets™


CHICAGO, Oct. 9, 2019 /PRNewswire/ -- According to a new market research report "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", published by MarketsandMarkets™, 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 major growth drivers for the market include the Rising security needs with digital transformation in organizations, increasing the need to upgrade traditional security testing methodologies, growing need to meet compliance requirements.

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Browse in-depth TOC on "Crowdsourced Security Market"

104 – Tables

25 – Figures

142 – Pages

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203008401

Mobile Application segment to record the highest growth rate during the forecast period

Under the type segment, 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 a vast amount of organizations opting for security assessment solutions such as the new and innovative approaches like crowdsourced security.

Cloud segment to record the highest growth rate during the forecast period

Under the deployment mode segment, cloud segment is expected to grow at the highest growth rate during the forecast period. Cloud-based availability of the platforms is the primary reason for this deployment model to grow at a fast pace, provisioning the ethical hackers present across the globe with acess of platforms to any remote locations.



North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global Crowdsourced Security Market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the large-scale digital transformation of organizations and enterprises in the country. The pace of technology adoption in the US is high, along with the high growth of cloud services in the region, attributing to the fast growth of the Crowdsourced Security Market in the US.


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Key and emerging market players include Applause (US), Bugcrowd Inc. (US), Cobalt Labs Inc. (US), Detectify (Sweden), HackerOne (US), passbrains (Germany), Rainforest (US), Synack (US), and Zerocopter (Netherlands). These players have adopted various strategies to grow in the global Crowdsourced Security Market.

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Browse Related Reports:

Crowdsourced Testing Market by Testing Type (Performance Testing, Functionality Testing, Usability Testing, Localization Testing, and Security Testing), Platform, Organization Size, Vertical, and Region - Global Forecast to 2024

https://www.marketsandmarkets.com/Market-Reports/crowdsourced-testing-market-228543210.html

Application Testing Services Market by Service Type (Professional, Managed), Testing Type (Functionality, Security, Automation), Delivery Model (Onshore, Offshore), Organization Size, Vertical, and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/application-testing-services-market-235108129.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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