Crowdsourced Pen Testing Market Overview:
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Crowdsourced Pen Testing Market” size was valued at USD 1.8 Billion in 2023 and is expected to grow at a CAGR of 19.5% from 2023 to 2029, reaching nearly USD 6.4 Billion.
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Crowdsourced Pen Testing Market Dynamics:
The market for crowdsourced pen testing is being propelled by the rising demand for efficient cybersecurity solutions to shield enterprises from online threats. The complexity and sophistication of cyberattacks, which call for sophisticated and cutting-edge methods to identify and counteract, are another factor driving the market. The use of developing technologies such as cloud computing, the internet of things (IoT), and others has expanded the amount of potential attacks, which has further boosted demand for penetration testing services.
Crowdsourced Pen Testing Market Segmentation:
by Testing Type
1. Vulnerability Scanning
2. Penetration Testing
by Type
1. Cloud Based
2. On Premise
by Application
1. Web Application
2. Mobile Application
3. Network Infrastructure
4. Cloud Infrastructure
Based on testing type, deployment kind, and application type, the crowdsourced pen testing market is divided. The two main testing types are vulnerability scanning and penetration testing, both of which are essential for assuring the security of a system or application. While penetration testing simulates a real-world attack to find vulnerabilities that might not have been found through automated scanning, vulnerability scanning uses automated techniques to find flaws in a system or application.
As firms become more conscious of the necessity for thorough security testing, it is anticipated that demand for both forms of testing will rise during the projection period. Both on-premises and cloud-based deployment options are available for the Crowdsourced Pen Testing Market. Cloud-based deployment is growing in acceptance.
Web apps, mobile applications, network infrastructure, and cloud infrastructure are the different categories of applications. Web applications are among the most popular targets for attackers, so extensive testing is necessary to find flaws. Because mobile applications are getting more and more common, testing them is also becoming more crucial. While cloud infrastructure testing looks for vulnerabilities in cloud-based services like AWS, Azure, and Google Cloud, network infrastructure testing looks for weaknesses in routers, switches, and other network equipment.
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Crowdsourced Pen Testing Market Scope and Methodology
The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the Crowdsourced Pen Testing market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. The bottom-up approach was used in the report to estimate the Crowdsourced Pen Testing Market. The primary and secondary data sources were used to collect data.
Crowdsourced Pen Testing Market Key Players:
1. Bugcrowd Inc. (California, US)
2. HackerOne Inc. (California, US)
3. Synack Inc. (California, US)
4. Cobalt Labs Inc. (Washington, US)
5. Netragard LLC (Massachusetts, US)
6. Hacknowledge (Switzerland)
7. Hack the Box Ltd. (United Kingdom)
8. YesWeHack (France)
9. F-Secure Corporation (Finland)
10. SEC-Consult Group (Austria)
11. HackerOne Singapore Pte. Ltd. (Singapore)
12. Bugcrowd Pty Ltd. (Australia)
13. NCC Group Asia Pacific Ltd. (Hong Kong)
14. Uleska Ltd. (Northern Ireland, UK)
15. Infosec Ventures Pty Ltd. (Australia)
16. SECFORCE Ltd. (United Arab Emirates)
17. ITSEC Africa (South Africa)
18. Cyberkov (Kuwait)
19. Sectechs (Jordan)
20. Saaf Cyber (Saudi Arabia)
21. Informática Forense y Peritajes, S.L. (Spain)
22. VAIRIX Software Development (Uruguay)
23. Underground Security S.A.S. (Colombia)
24. Cybsec S.A. (Argentina)
25. AdvancedSec S.A. (Chile)
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Crowdsourced Pen Testing Market Regional Insights:
The Crowdsourced Pen Testing market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.
Key questions answered in the Crowdsourced Pen Testing Market are:
- What is Crowdsourced Pen Testing?
- What was the Crowdsourced Pen Testing market size in 2022?
- What are the different segments of the Crowdsourced Pen Testing Market?
- What growth strategies are the players considering to increase their presence in Crowdsourced Pen Testing?
- What are the upcoming industry applications and trends for the Crowdsourced Pen Testing Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Crowdsourced Pen Testing Market?
- Who are the key players in the Crowdsourced Pen Testing market?
- What segments are covered in the Crowdsourced Pen Testing Market?
- Who are the leading companies and what are their portfolios in Crowdsourced Pen Testing Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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