According to TechSci Research report, “United States Crowdsourced Security Market – United States Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029, United States Crowdsourced Security Market has valued at USD 91 Million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.1% through 2029.
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The United States Crowdsourced Security Market is experiencing substantial growth as organizations increasingly adopt decentralized cybersecurity solutions. By leveraging the collective expertise of a diverse crowd of ethical hackers, this market effectively addresses the evolving threat landscape by identifying vulnerabilities and ensuring robust cybersecurity measures. This model offers a scalable and cost-effective alternative to traditional penetration testing, enabling businesses to continuously enhance their security posture. As cybersecurity risks become more sophisticated, the crowdsourced approach provides a dynamic and comprehensive defense mechanism. Organizations benefit from the agility of crowdsourced security in identifying vulnerabilities across applications, networks, and systems in real-time. The competitive landscape is driving businesses to adopt crowdsourced security platforms to stay resilient against cyber threats, fostering innovation in the cybersecurity sector and establishing the United States as a key player in the global crowdsourced security market.
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By Type: The web application segment has emerged as the dominant force in the United States Crowdsourced Security Market and is expected to maintain its dominance throughout the forecast period. The rise of web-based platforms, coupled with the increasing complexity of online applications, has heightened cybersecurity concerns, making web applications a primary focus for crowdsourced security initiatives. Organizations, from e-commerce platforms to financial institutions, prioritize securing their web applications due to the sensitive data they handle. The dynamic and diverse nature of crowdsourced security enables effective testing across a multitude of web applications, identifying vulnerabilities such as injection attacks, cross-site scripting, and authentication flaws. As the digital landscape continues to evolve, with a growing reliance on web applications for business operations and customer interactions, the demand for crowdsourced security solutions tailored to this segment is expected to persist. The flexibility of crowdsourced security in addressing the unique challenges posed by web applications, along with its scalability and cost-effectiveness, positions it as a key enabler for organizations looking to fortify their online presence against an ever-expanding array of cyber threats. Consequently, the web application segment is poised to maintain its dominance as the preferred domain for crowdsourced security assessments, safeguarding the integrity and security of web-based platforms across various industries in the United States.
By Deployment Mode: The cloud deployment segment asserted its dominance in the United States Crowdsourced Security Market, and this trend is anticipated to persist throughout the forecast period. The adoption of cloud-based deployment in crowdsourced security solutions offers unparalleled advantages in terms of scalability, accessibility, and real-time collaboration. Cloud deployment enables organizations to seamlessly engage with a global network of ethical hackers, ensuring a diverse pool of talent is readily available to identify vulnerabilities. This flexibility aligns with the dynamic nature of cyber threats and allows organizations to conduct crowdsourced security assessments on-demand, optimizing resource utilization. The cloud model also facilitates continuous monitoring, real-time updates, and streamlined communication channels, contributing to the effectiveness of crowdsourced security initiatives. As the demand for agility, cost-effectiveness, and scalability continues to drive organizational preferences, the cloud deployment segment is poised to maintain its dominance in the United States Crowdsourced Security Market, serving as the preferred choice for businesses seeking comprehensive and efficient cybersecurity solutions. The ongoing evolution of cloud technologies and the inherent advantages they bring to crowdsourced security practices solidify the trajectory of cloud deployment as a pivotal force in shaping the landscape of cybersecurity in the United States.
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Key market players in the United States Crowdsourced Security market are:-
- Bugcrowd, Inc.
- Synack, Inc.
- HackerOne, Inc.
- Cobalt (Prevailion)
- CROWDSTRIKE, Inc.
- Intigriti
- YesWeHack
- Open Bug Bounty
- Detectify
- Synopsys, Inc.
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“The United States Crowdsourced Security Market is experiencing robust growth as organizations increasingly turn to decentralized cybersecurity solutions. Leveraging the collective expertise of a diverse and global community of ethical hackers, this market addresses the evolving threat landscape by identifying and mitigating vulnerabilities. Crowdsourced security platforms have become instrumental in providing cost-effective, scalable, and real-time solutions for organizations seeking comprehensive cybersecurity assessments. The model fosters continuous monitoring and agile responses to emerging threats, enhancing overall resilience. With an emphasis on innovation, collaboration, and a dynamic approach to cybersecurity, the United States Crowdsourced Security Market stands at the forefront of the industry, catering to the diverse security needs of businesses across sectors. As cybersecurity challenges become more sophisticated, the reliance on crowdsourced security initiatives underscores the adaptability and effectiveness of this model, positioning it as a pivotal component in the United States’ evolving cybersecurity strategy.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based United States management consulting firm.
“United States Crowdsourced Security Market By Type (Web Application, Mobile Application, Others), By Deployment Mode (Cloud v/s On-Premises), By Organization Size (Large Enterprises v/s SMEs), By End User Industry (BFSI, IT & Telecom, Retail, Healthcare, Media & Entertainment, Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth potential of United States Crowdsourced Security Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Crowdsourced Security Market.
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