United States Crowdsourced Security Market By Type, By Deployment Mode, By Organization Size, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025
United States crowdsourced security market is expected to grow at a formidable rate of during the forecast period. The United States crowdsourced security market is driven by the demand for digital transformation in organizations relating to cyber security, fueling the need to upgrade traditional security methodologies, growing demand to meet compliance requirements, among others. Additionally, the advent of several new technologies such as artificial intelligence, cloud-based platforms, and machine learning among others has increased the need for the enterprises to adopt advanced safety & security measures to stay in business.
The United States crowdsourced security market is segmented based on type, deployment mode, organization size, end user industry, company and region. Based on type, the market can be categorized into web application, mobile application and others. The mobile application segment is expected to witness significant growth during the forecast period. This can be ascribed to the increasing adoption rate of mobile applications since many enterprises have started serving their customers through mobile applications. Based on organization size, the market can be bifurcated into large enterprises and SMEs. The large enterprises segment is expected to dominate the market owing to the presence of resources, budget and decision-making bodies in these organizations which adopt new and innovative approaches to attain maximum security for their systems and applications.
Major players operating in the United States crowdsourced security market include Applause, Bugcrowd Inc., Cobalt Labs Inc., HackerOne, Planit, Rainforest, Synack, Passbrains, Detectify and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. For instance, in June 2019, Bugcrowd partnered with IOActive, a research-fueled security service provider, to combine their efforts for providing robust security solutions to each other's growing customer base, including crowdsourced bug bounty and vulnerability disclosure programs, full-stack assessments, and continuous testing.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the region.
TechSci Research calculated the market size of United States crowdsourced security market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, vendors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, United States crowdsourced security market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
IT & Telecom
Media & Entertainment
Company Profiles: Detailed analysis of the major companies present in United States crowdsourced security market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: