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.
Cloud segment to record the highest XX% growth rate during the forecast period. Cloud-based
availability of the platforms is the major reason for this deployment model to grow at a fast pace,
provisioning the ethical hackers present