| Product Code: ETC13393290 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Crowdsourced Security Market was valued at USD 1.2 Billion in 2024 and is expected to reach USD 4.3 Billion by 2031, growing at a compound annual growth rate of 17.20% during the forecast period (2025-2031).
The Global Crowdsourced Security Market is witnessing significant growth due to the rising demand for innovative cybersecurity solutions. This market encompasses platforms that connect organizations with a global community of ethical hackers to identify and report security vulnerabilities. Businesses are increasingly adopting crowdsourced security as a cost-effective way to enhance their cybersecurity posture by leveraging the diverse skill sets and perspectives of a large pool of independent security researchers. The market is driven by the growing complexity of cyber threats, stringent regulatory requirements, and the need for continuous security testing. Key players in the global crowdsourced security market are focusing on expanding their service offerings, improving platform functionalities, and building strong relationships with both organizations and ethical hackers to capitalize on this expanding market opportunity.
The Global Crowdsourced Security Market is experiencing significant growth due to the increasing adoption of crowdsourced security solutions by organizations looking to bolster their cybersecurity defenses. One of the key trends in this market is the rise of bug bounty programs, where companies incentivize independent researchers to identify and report security vulnerabilities in their systems. Additionally, the shift towards remote work and the proliferation of digital assets have created new opportunities for crowdsourced security platforms to provide continuous monitoring and assessment of cyber threats. As organizations prioritize cybersecurity and seek innovative approaches to identify and address vulnerabilities, the Global Crowdsourced Security Market is expected to continue expanding, offering lucrative prospects for service providers and researchers alike.
The Global Crowdsourced Security Market faces several challenges, including concerns related to data privacy and security, as well as potential regulatory issues across different regions. Maintaining a high level of trust between organizations and the crowd of security researchers is crucial, as any breach in confidentiality could lead to reputational damage. Additionally, ensuring the quality and reliability of findings from diverse sources within the crowd can be challenging, requiring thorough vetting processes. The market also needs to address the scalability and sustainability of crowdsourced security solutions to meet the evolving needs of businesses, while also educating organizations on the benefits and best practices of integrating crowdsourced security into their cybersecurity strategies.
The Global Crowdsourced Security Market is primarily driven by the increasing complexity and frequency of cyber threats faced by organizations worldwide. Companies are turning to crowdsourced security solutions to leverage the collective intelligence of skilled cybersecurity professionals and ethical hackers to identify vulnerabilities in their systems and applications. Additionally, the rising adoption of cloud services and mobile technologies has expanded the attack surface for cybercriminals, further fueling the demand for crowdsourced security. The flexibility, scalability, and cost-effectiveness of crowdsourced security platforms are also key drivers, allowing organizations to access a diverse pool of talent on-demand and conduct comprehensive security testing efficiently. Overall, the need for proactive and continuous security testing to safeguard against evolving cyber threats is propelling the growth of the Global Crowdsourced Security Market.
Government policies related to the Global Crowdsourced Security Market vary by country but generally focus on data privacy, cybersecurity regulations, and intellectual property protection. Many governments have implemented data protection laws such as the GDPR in Europe and the CCPA in the United States to safeguard personal information collected during crowdsourced security testing. Additionally, governments are increasingly investing in cybersecurity initiatives to prevent cyber threats and ensure the security of digital assets. Intellectual property protection laws also play a role in regulating the use of crowdsourced security findings and ensuring fair compensation for contributors. Overall, government policies aim to strike a balance between encouraging innovation and safeguarding individuals and organizations from potential security risks in the crowdsourced security market.
The Global Crowdsourced Security Market is expected to witness significant growth in the coming years as organizations increasingly leverage the power of crowdsourcing to identify and address cybersecurity vulnerabilities. With the rising number of cyber threats and the growing complexity of IT environments, businesses are turning to crowdsourced security platforms to access a diverse pool of security experts for continuous testing and monitoring. This trend is driven by the need for proactive and cost-effective security solutions that complement traditional approaches. Furthermore, the market is likely to benefit from advancements in artificial intelligence and machine learning technologies, enabling more efficient identification and remediation of security vulnerabilities. Overall, the Global Crowdsourced Security Market is poised for robust expansion as organizations prioritize strengthening their cybersecurity posture in the face of evolving threats.
The Global Crowdsourced Security Market is experiencing significant growth across all regions, with certain regional insights standing out. Asia Pacific is witnessing the fastest growth due to the increasing adoption of crowdsourced security solutions by enterprises in countries like India and China. North America remains a key market player, driven by the presence of prominent cybersecurity firms and high awareness about the benefits of crowdsourcing security. In Europe, strict data protection regulations like GDPR are propelling the demand for crowdsourced security services. The Middle East and Africa region is also seeing growth as organizations focus on enhancing their cybersecurity posture. Latin America, although a smaller market currently, is showing promise with the rising awareness about cybersecurity threats leading to increased investments in crowdsourced security solutions.
Global Crowdsourced Security Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Crowdsourced Security Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Crowdsourced Security Market Revenues & Volume, 2021 & 2031F |
3.3 Global Crowdsourced Security Market - Industry Life Cycle |
3.4 Global Crowdsourced Security Market - Porter's Five Forces |
3.5 Global Crowdsourced Security Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Crowdsourced Security Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Global Crowdsourced Security Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.8 Global Crowdsourced Security Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.9 Global Crowdsourced Security Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Global Crowdsourced Security Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Crowdsourced Security Market Trends |
6 Global Crowdsourced Security Market, 2021 - 2031 |
6.1 Global Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Crowdsourced Security Market, Revenues & Volume, By Web Application, 2021 - 2031 |
6.1.3 Global Crowdsourced Security Market, Revenues & Volume, By Mobile Application, 2021 - 2031 |
6.1.4 Global Crowdsourced Security Market, Revenues & Volume, By others, 2021 - 2031 |
6.2 Global Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Crowdsourced Security Market, Revenues & Volume, By On-Premises, 2021 - 2031 |
6.2.3 Global Crowdsourced Security Market, Revenues & Volume, By Cloud, 2021 - 2031 |
6.3 Global Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Crowdsourced Security Market, Revenues & Volume, By SMEs, 2021 - 2031 |
6.3.3 Global Crowdsourced Security Market, Revenues & Volume, By Large Enterprises, 2021 - 2031 |
6.4 Global Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Crowdsourced Security Market, Revenues & Volume, By Telecom & IT, 2021 - 2031 |
6.4.3 Global Crowdsourced Security Market, Revenues & Volume, By BFSI, 2021 - 2031 |
6.4.4 Global Crowdsourced Security Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.4.5 Global Crowdsourced Security Market, Revenues & Volume, By Travel & Hospitality, 2021 - 2031 |
6.4.6 Global Crowdsourced Security Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.4.7 Global Crowdsourced Security Market, Revenues & Volume, By Media & Entertainment, 2021 - 2031 |
6.4.8 Global Crowdsourced Security Market, Revenues & Volume, By Others (Government, and Education), 2021 - 2031 |
7 North America Crowdsourced Security Market, Overview & Analysis |
7.1 North America Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
7.2 North America Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
7.4 North America Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
7.5 North America Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.6 North America Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Latin America (LATAM) Crowdsourced Security Market, Overview & Analysis |
8.1 Latin America (LATAM) Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
8.4 Latin America (LATAM) Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
8.5 Latin America (LATAM) Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.6 Latin America (LATAM) Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 Asia Crowdsourced Security Market, Overview & Analysis |
9.1 Asia Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
9.4 Asia Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
9.5 Asia Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
9.6 Asia Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
10 Africa Crowdsourced Security Market, Overview & Analysis |
10.1 Africa Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
10.4 Africa Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
10.5 Africa Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
10.6 Africa Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
11 Europe Crowdsourced Security Market, Overview & Analysis |
11.1 Europe Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
11.4 Europe Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
11.5 Europe Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
11.6 Europe Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
12 Middle East Crowdsourced Security Market, Overview & Analysis |
12.1 Middle East Crowdsourced Security Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Crowdsourced Security Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Crowdsourced Security Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Crowdsourced Security Market, Revenues & Volume, By Type , 2021 - 2031 |
12.4 Middle East Crowdsourced Security Market, Revenues & Volume, By Deployment Mode, 2021 - 2031 |
12.5 Middle East Crowdsourced Security Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
12.6 Middle East Crowdsourced Security Market, Revenues & Volume, By Vertical, 2021 - 2031 |
13 Global Crowdsourced Security Market Key Performance Indicators |
14 Global Crowdsourced Security Market - Export/Import By Countries Assessment |
15 Global Crowdsourced Security Market - Opportunity Assessment |
15.1 Global Crowdsourced Security Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Crowdsourced Security Market Opportunity Assessment, By Type , 2021 & 2031F |
15.3 Global Crowdsourced Security Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
15.4 Global Crowdsourced Security Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
15.5 Global Crowdsourced Security Market Opportunity Assessment, By Vertical, 2021 & 2031F |
16 Global Crowdsourced Security Market - Competitive Landscape |
16.1 Global Crowdsourced Security Market Revenue Share, By Companies, 2024 |
16.2 Global Crowdsourced Security Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |