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
[137 Pages Report] 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 key driving factors for the market include the rising security needs with digital transformation in organizations, increasing the need to upgrade traditional security methodologies, and growing demand to meet compliance requirements.
Among the type segment, the mobile application segment is expected to grow at 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 vast amount of organizations opting for security assessment solutions such as the new and innovative approaches like crowdsourced security
Large enterprises segment to constitute a larger market size during the forecast period
By organization size, the crowdsourced security market is segmented into large enterprises and small and medium-sized enterprises. The large enterprises are expected to hold a larger market size during the forecast period, due to presence of resources, budget and decision-making bodies to adopt for new and innovative approaches to attaining maximum security for their systems and applications.
North America to account for the largest market size during the forecast period.
The global crowdsourced security market by region covers five major geographic regions, namely North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). North America is expected to grow at a CAGR of 7.8% during the forecast period, due to the early adoption of advanced technologies, such as cloud, helping crowdsourced security service providers to implement efficient crowdsourced security solutions.
Key Crowdsourced Security Market Players
Key and emerging market players include Applause (US), Bugcrowd Inc. (US), Cobalt Labs Inc. (US), Detectify (Sweden), HackerOne (US), passbrains (Germany), Planit (US), Rainforest (US), Synack (US), and Zerocopter (Netherlands). These players have adopted various strategies to grow in the global market.
Bugcrowd (US) is a leading player in the crowdsourced security market. It is a leading player in offering crowdsourced security services to its customers, globally. The company is a leader in providing crowdsourced security solutions to make it easier for marketers and IT professionals to businesses of all sizes.
Scope of the Crowdsourced Security Market Report
|
Report Metrics |
Details |
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Market size available for years |
20172024 |
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Base year considered |
2018 |
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Forecast period |
20192024 |
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Forecast units |
Million (USD) |
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Segments covered |
Type (Web Application, Mobile Application, and others), Deployment Mode, Organization Size (large enterprises and small and medium-sized enterprises), Vertical, and Region |
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Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
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Companies covered |
Applause (US), Bugcrowd Inc. (US), Cobalt Labs Inc. (US), Detectify (Sweden), HackerOne (US), passbrains (Germany), Planit (US), Rainforest (US), Synack (US), and Zerocopter (Netherlands) |
The research report categorizes the crowdsourced security market to forecast the revenues and analyze trends in each of the following subsegments:
By Type
- Web Application
- Mobile Application
- Others (IoT, Wireless, and Network)
By Deployment Mode
- Cloud
- On-Premise
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Region
- North America
- Europe
- APAC
- Latin America
- MEA
By Vertical
- Telecom & IT
- BFSI
- Healthcare
- Travel & Hospitality
- Retail
- Media & Entertainment
- Others (Government, and Education)
Recent Developments
- In August 2019 HackerOne partnered with AT&T, a global telecommunications solution provider, to provide AT&T with its crowdsourced security platform. As per the partnership, AT&T would utilize the platform for its newly launched bug bounty program that is expected to incorporate its public-facing online environment, such as AT&T-owned websites, public Application Programming Interface (APIs), mobile applications, and devices and reports, for detecting potential vulnerabilities.
- In June 2019, Bugcrowd partnered with IOActive, a research-fueled security service provider, to combine their efforts for providing robust security solutions to each others growing customer base, including crowdsourced bug bounty and vulnerability disclosure programs, full-stack assessments, and continuous testing.
- In March 2019, Detectify expanded its business in Boston to take over the US crowdsourced security market. The US expansion is expected to help Detectify expand company operations with an established tech and startup scene in the region along with the available talent pool.
- In January 2019, Bugcrowd partnered with Skyscanner, a global travel search company, and launched its bug bounty program for public through Bugcrowds Crowdsourced Security platform, on the advent of the success of its private program that rewarded more than 200 vulnerabilities. The public plan would be available to Bugcrowds full crowd of the top, trusted white hat hackers where Skyscanner would award up to USD 2,000 per vulnerability identified on its website, API, and mobile apps.
- In October 2018, Synack, HackerOne, and Bugcrowd collaborated to join the third iteration of Hack the Pentagon, a bug bounty program, which would expand testing to the Defense Digital Departments customer sites and applications, that consists of two-way information flow between developers and hackers, thus expanding crowdsourced security offerings of the 3 companies.
Critical Questions the Report Answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the crowdsourced security market?
- Which segment provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants?
Frequently Asked Questions (FAQ):
What is growth rate of Crowdsourced Security market in the next five years?
The global Field Force Automation 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.
What region holds the highest market share in the Crowdsourced Security market?
North America has the highest market share in the Crowdsourced Security market, due to large number of leading security service providers present in the region and implementation of innovative security solutions among enterprises.
What are the various type of solutions deployed by Crowdsourced Security vendors?
Crowdsourced security vendors implement solutions for mobile applications and web-based applications and others including IoT platfor.
What are the key vendors in the Field Force Automation market?
Applause (US), Bugcrowd Inc. (US), Cobalt Labs Inc. (US), Detectify (Sweden), HackerOne (US), passbrains (Germany), Planit (US), Rainforest (US), Synack (US), and Zerocopter (Netherlands) .
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Table of Contents
1 Introduction (Page No. - 16)
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 (Page No. - 19)
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 (Page No. - 26)
4 Premium Insights (Page No. - 30)
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 (Page No. - 32)
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 (Page No. - 40)
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 Market in the Segment
6.3 Mobile Application
6.3.1 Increase in Number of Mobile Applications and Devices to Drive the Growth of Market in the Segment
6.4 Others
7 Crowdsourced Security Market By Deployment Mode (Page No. - 48)
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 (Page No. - 54)
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 (Page No. - 60)
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 (Page No. - 76)
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 (Page No. - 110)
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 (Page No. - 114)
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 (Page No. - 130)
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (103 Tables)
Table 1 Factor Analysis
Table 2 Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 3 Web Application: Market Size, By Region, 20172024 (USD Million)
Table 4 North America: Web Application Market Size, By Country, 20172024 (USD Million)
Table 5 Europe: Web Application Market Size, By Country, 20172024 (USD Million)
Table 6 Mobile Application: Market Size, By Region, 20172024 (USD Million)
Table 7 North America: Mobile Application Market Size, By Country, 20172024 (USD Million)
Table 8 Europe: Mobile Application Market Size, By Country, 20172024 (USD Million)
Table 9 Others Type: Market Size, By Region, 20172024 (USD Million)
Table 10 North America: Others Type Market Size, By Country, 20172024 (USD Million)
Table 11 Europe: Others Type Market Size, By Country, 20172024 (USD Million)
Table 12 Crowdsourced Security Market Size, By Deployment Mode, 20172024 (USD Million)
Table 13 Cloud: Market Size, By Region, 20172024 (USD Million)
Table 14 North America: Cloud Market Size, By Country, 20172024 (USD Million)
Table 15 Europe: Cloud Market Size, By Country, 20172024 (USD Million)
Table 16 On-Premises: Market Size, By Region, 20172024 (USD Million)
Table 17 North America: On-Premises Market Size, By Country, 20172024 (USD Million)
Table 18 Europe: On-Premises Market Size, By Country, 20172024 (USD Million)
Table 19 Crowdsourced Security Market Size, By Organization Size, 20172024 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size, By Region, 20172024 (USD Million)
Table 21 North America: Small and Medium-Sized Enterprises Market Size, By Country, 20172024 (USD Million)
Table 22 Europe: Small and Medium-Sized Enterprises Market Size, By Country, 20172024 (USD Million)
Table 23 Large Enterprises: Market Size, By Region, 20172024 (USD Million)
Table 24 North America: Large Enterprises Market Size, By Country, 20172024 (USD Million)
Table 25 Europe: Large Enterprises Market Size, By Country, 20172024 (USD Million)
Table 26 Crowdsourced Security Market Size, By Vertical, 20172024 (USD Million)
Table 27 Telecom and IT: Market Size, By Region, 20172024 (USD Million)
Table 28 North America: Telecom and IT Vertical Market Size, By Country, 20172024 (USD Million)
Table 29 Europe: Telecom and IT Vertical Market Size, By Country, 20172024 (USD Million)
Table 30 Banking, Financial Services, and Insurance: Market Size, By Region, 20172024 (USD Million)
Table 31 North America: Banking, Financial Services, and Insurance Market Size, By Country, 20172024 (USD Million)
Table 32 Europe: Banking, Financial Services, and Insurance Market Size, By Country, 20172024 (USD Million)
Table 33 Healthcare: Market Size, By Region, 20172024 (USD Million)
Table 34 North America: Healthcare Market Size, By Country, 20172024 (USD Million)
Table 35 Europe: Healthcare Market Size, By Country, 20172024 (USD Million)
Table 36 Transport, and Travel and Hospitality: Market Size, By Region, 20172024 (USD Million)
Table 37 North America: Transport, and Travel and Hospitality Market Size, By Country, 20172024 (USD Million)
Table 38 Europe: Transport, and Travel and Hospitality Market Size, By Country, 20172024 (USD Million)
Table 39 Retail: Crowdsourced Security Market Size, By Region, 20172024 (USD Million)
Table 40 North America: Retail Market Size, By Country, 20172024 (USD Million)
Table 41 Europe: Retail Market Size, By Country, 20172024 (USD Million)
Table 42 Media and Entertainment: Market Size, By Region, 20172024 (USD Million)
Table 43 North America: Media and Entertainment Market Size, By Country, 20172024 (USD Million)
Table 44 Europe: Media and Entertainment Market Size, By Country, 20172024 (USD Million)
Table 45 Others Vertical: Market Size, By Region, 20172024 (USD Million)
Table 46 North America: Others Vertical Market Size, By Country, 20172024 (USD Million)
Table 47 Europe: Others Vertical Market Size, By Country, 20172024 (USD Million)
Table 48 Crowdsourced Security Market Size, By Region, 20172024 (USD Million)
Table 49 North America: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 50 North America: Market Size By Deployment Mode, 20172024 (USD Million)
Table 51 North America: Market Size By Organization Size, 20172024 (USD Million)
Table 52 North America: Market Size By Vertical, 20172024 (USD Million)
Table 53 North America: Market Size By Country, 20172024 (USD Million)
Table 54 United States: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 55 United States: Market Size By Deployment Mode, 20172024 (USD Million)
Table 56 United States: Market Size By Organization Size, 20172024 (USD Million)
Table 57 United States: Market Size By Vertical, 20172024 (USD Million)
Table 58 Canada: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 59 Canada: Market Size By Deployment Mode, 20172024 (USD Million)
Table 60 Canada: Market Size By Organization Size, 20172024 (USD Million)
Table 61 Canada: Market Size By Vertical, 20172024 (USD Million)
Table 62 Europe: Market Size By Type, 20172024 (USD Million)
Table 63 Europe: Market Size By Deployment Mode, 20172024 (USD Million)
Table 64 Europe: Market Size By Organization Size, 20172024 (USD Million)
Table 65 Europe: Market Size By Vertical, 20172024 (USD Million)
Table 66 Europe: Market Size By Country, 20172024 (USD Million)
Table 67 United Kingdom: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 68 United Kingdom: Market Size By Deployment Mode, 20172024 (USD Million)
Table 69 United Kingdom: Market Size By Organization Size, 20172024 (USD Million)
Table 70 United Kingdom: Market Size By Vertical, 20172024 (USD Million)
Table 71 Germany: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 72 Germany: Market Size By Deployment Mode, 20172024 (USD Million)
Table 73 Germany: Market Size By Organization Size, 20172024 (USD Million)
Table 74 Germany: Market Size By Vertical, 20172024 (USD Million)
Table 75 France: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 76 France: Market Size By Deployment Mode, 20172024 (USD Million)
Table 77 France: Market Size By Organization Size, 20172024 (USD Million)
Table 78 France: Market Size By Vertical, 20172024 (USD Million)
Table 79 Italy: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 80 Italy: Market Size By Deployment Mode 20172024 (USD Million)
Table 81 Italy: Market Size By Organization Size, 20172024 (USD Million)
Table 82 Italy: Market Size By Vertical, 20172024 (USD Million)
Table 83 Rest of Europe: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 84 Rest of Europe: Market Size By Deployment Mode 20172024 (USD Million)
Table 85 Rest of Europe: Market Size By Organization Size, 20172024 (USD Million)
Table 86 Rest of Europe: Market Size By Vertical, 20172024 (USD Million)
Table 87 Asia Pacific: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 88 Asia Pacific: Market Size By Deployment Mode, 20172024 (USD Million)
Table 89 Asia Pacific: Market Size By Organization Size, 20172024 (USD Million)
Table 90 Asia Pacific: Market Size By Vertical, 20172024 (USD Million)
Table 91 Asia Pacific: Market Size By Country, 20172024 (USD Million)
Table 92 Middle East and Africa: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 93 Middle East and Africa: Market Size By Deployment Mode, 20172024 (USD Million)
Table 94 Middle East and Africa: Market Size By Organisation Size, 20172024 (USD Million)
Table 95 Middle East and Africa: Market Size By Vertical, 20172024 (USD Million)
Table 96 Middle East and Africa: Market Size By Country, 20172024 (USD Million)
Table 97 Latin America: Crowdsourced Security Market Size, By Type, 20172024 (USD Million)
Table 98 Latin America: Market Size By Deployment Mode, 20172024 (USD Million)
Table 99 Latin America: Market Size By Organization Size, 20172024 (USD Million)
Table 100 Latin America: Market Size By Vertical, 20172024 (USD Million)
Table 101 Latin America: Market Size By Country, 20172024 (USD Million)
Table 102 New Product Launches and Product Enhancements, 20182019
Table 103 Agreements and Partnerships, 2019
List of Figures (25 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, 20192024
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, 20192024
Figure 25 Market Ranking of Key Players in the Crowdsourced Security Market, 2019
The study involved four major activities in estimating the current market size for the crowdsourced security market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the crowdsourced security market.
Secondary Research
In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva, have been referred to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; crypto asset management technology Research and Development (R&D) organizations; regulatory bodies; and databases.
Primary Research
Various primary sources from both the supply and demand sides of the crowdsourced security market ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide crowdsourced security services operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakup of the primary respondents profiles:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
For making market estimates and forecasting the crowdsourced security market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global crowdsourced security market using the revenues and offerings of the key companies in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market were identified through extensive secondary research.
- The market size, in terms of value, was determined through primary and secondary research processes.
- All percentage shares split, and breakups were determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The global market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the global crowdsourced security market by type, deployment mode, organization size (large enterprises, and small and medium-sized enterprises), vertical, and region
- To provide detailed information related to the significant factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze the markets subsegments concerning individual growth trends, prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market
- To forecast the revenue of the markets segments for five major regions, namely North America, Europe, Asia Pacific (APAC), Latin America, and MEA.
- To profile the key players and comprehensively analyze their recent developments and positioning in the crowdsourced security market
- To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific requirements. The following customization options are available for the report:
Product Analysis
- Product matrix provides detailed product information and comparisons
Geographic Analysis
- Further breakup of the North American crowdsourced security market
- Further breakup of the European market
- Further breakup of the APAC market
- Further breakup of the Latin American market
- Further breakup of the MEA market
Company Information
- Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Crowdsourced Security Market