| Product Code: ETC4410085 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | 
The India crowdsourced security market import shipment showed a modest growth trend with a CAGR of 1.5% from 2020-2024. However, there was a notable decline in growth momentum between 2023 and 2024, indicating a slowdown in market expansion. Overall, the market exhibited a stabilizing trend during the period.
 
                            
                                                    The India crowdsourced security market is gaining prominence as organizations increasingly recognize the value of community-driven security testing. Crowdsourced security involves harnessing the expertise of ethical hackers and security researchers to identify vulnerabilities and weaknesses in an organization`s digital assets. With the rising number of cyber threats and data breaches, businesses are turning to crowdsourced security to augment their traditional security measures. The market is characterized by its ability to provide a diverse and continuous approach to security testing, making it a valuable asset in an era of growing cybersecurity challenges.
The India crowdsourced security market is witnessing substantial growth, primarily due to the escalating cyber threats and the need for robust cybersecurity. Organizations are increasingly turning to crowdsourcing as a proactive approach to identifying vulnerabilities in their systems. This shift is driven by the continuously evolving threat landscape and the recognition that traditional security measures are not sufficient. Crowdsourcing provides a diverse pool of cybersecurity experts who can offer fresh perspectives and insights into potential weaknesses. Furthermore, the cost-effectiveness and speed of crowdsourced security testing are making it an attractive option for businesses of all sizes. As security breaches become more costly and damaging, the demand for crowdsourced security solutions in India is set to continue its upward trajectory.
The India crowdsourced security market must address challenges related to security assessment quality, vulnerability management, and trust in crowdsourced security testing. Ensuring the quality and accuracy of security assessments conducted by crowdsourced testers is essential to identify vulnerabilities effectively. Managing and prioritizing the vulnerabilities discovered during crowdsourced security testing can be complex, requiring robust vulnerability management processes. Building trust in crowdsourced security testing is essential for organizations to rely on external testers, making it crucial to establish clear communication and quality assurance mechanisms.
With the rise of remote work and increased cyber threats during the pandemic, organizations in India turned to crowdsourced security solutions to identify vulnerabilities and enhance their cybersecurity posture.
In the India Crowdsourced Security market, key players have established a strong presence in the realm of cybersecurity. Companies like Bugcrowd, HackerOne, Synack, and Cobalt are prominent figures in this space, providing platforms that connect organizations with a global community of ethical hackers. These platforms facilitate vulnerability assessments, penetration testing, and security testing through crowdsourcing, helping businesses identify and address security threats effectively.
| 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 India Crowdsourced Security Market Overview | 
| 3.1 India Country Macro Economic Indicators | 
| 3.2 India Crowdsourced Security Market Revenues & Volume, 2021 & 2031F | 
| 3.3 India Crowdsourced Security Market - Industry Life Cycle | 
| 3.4 India Crowdsourced Security Market - Porter's Five Forces | 
| 3.5 India Crowdsourced Security Market Revenues & Volume Share, By Type , 2021 & 2031F | 
| 3.6 India Crowdsourced Security Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F | 
| 3.7 India Crowdsourced Security Market Revenues & Volume Share, By Organization Size, 2021 & 2031F | 
| 3.8 India Crowdsourced Security Market Revenues & Volume Share, By Vertical, 2021 & 2031F | 
| 4 India Crowdsourced Security Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing cyber threats and security breaches in India drive the demand for crowdsourced security solutions. | 
| 4.2.2 Growing adoption of digital technologies and cloud services in various sectors boosts the need for robust security measures. | 
| 4.2.3 Rise in the number of startups and small businesses seeking cost-effective security solutions contributes to market growth. | 
| 4.3 Market Restraints | 
| 4.3.1 Lack of awareness and understanding about crowdsourced security services among potential customers limits market expansion. | 
| 4.3.2 Concerns about data privacy and confidentiality hinder the adoption of crowdsourced security solutions in India. | 
| 4.3.3 Limited regulatory framework and standards for crowdsourced security services create uncertainty among businesses. | 
| 5 India Crowdsourced Security Market Trends | 
| 6 India Crowdsourced Security Market, By Types | 
| 6.1 India Crowdsourced Security Market, By Type | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 India Crowdsourced Security Market Revenues & Volume, By Type , 2021-2031F | 
| 6.1.3 India Crowdsourced Security Market Revenues & Volume, By Web Application, 2021-2031F | 
| 6.1.4 India Crowdsourced Security Market Revenues & Volume, By Mobile Application, 2021-2031F | 
| 6.1.5 India Crowdsourced Security Market Revenues & Volume, By others, 2021-2031F | 
| 6.2 India Crowdsourced Security Market, By Deployment Mode | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 India Crowdsourced Security Market Revenues & Volume, By On-Premises, 2021-2031F | 
| 6.2.3 India Crowdsourced Security Market Revenues & Volume, By Cloud, 2021-2031F | 
| 6.3 India Crowdsourced Security Market, By Organization Size | 
| 6.3.1 Overview and Analysis | 
| 6.3.2 India Crowdsourced Security Market Revenues & Volume, By SMEs, 2021-2031F | 
| 6.3.3 India Crowdsourced Security Market Revenues & Volume, By Large Enterprises, 2021-2031F | 
| 6.4 India Crowdsourced Security Market, By Vertical | 
| 6.4.1 Overview and Analysis | 
| 6.4.2 India Crowdsourced Security Market Revenues & Volume, By Telecom & IT, 2021-2031F | 
| 6.4.3 India Crowdsourced Security Market Revenues & Volume, By BFSI, 2021-2031F | 
| 6.4.4 India Crowdsourced Security Market Revenues & Volume, By Healthcare, 2021-2031F | 
| 6.4.5 India Crowdsourced Security Market Revenues & Volume, By Travel & Hospitality, 2021-2031F | 
| 6.4.6 India Crowdsourced Security Market Revenues & Volume, By Retail, 2021-2031F | 
| 6.4.7 India Crowdsourced Security Market Revenues & Volume, By Media & Entertainment, 2021-2031F | 
| 7 India Crowdsourced Security Market Import-Export Trade Statistics | 
| 7.1 India Crowdsourced Security Market Export to Major Countries | 
| 7.2 India Crowdsourced Security Market Imports from Major Countries | 
| 8 India Crowdsourced Security Market Key Performance Indicators | 
| 8.1 Number of active participants in crowdsourced security programs. | 
| 8.2 Average response time for addressing security vulnerabilities reported through crowdsourced platforms. | 
| 8.3 Percentage increase in the adoption of crowdsourced security services among small and medium enterprises (SMEs) in India. | 
| 9 India Crowdsourced Security Market - Opportunity Assessment | 
| 9.1 India Crowdsourced Security Market Opportunity Assessment, By Type , 2021 & 2031F | 
| 9.2 India Crowdsourced Security Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F | 
| 9.3 India Crowdsourced Security Market Opportunity Assessment, By Organization Size, 2021 & 2031F | 
| 9.4 India Crowdsourced Security Market Opportunity Assessment, By Vertical, 2021 & 2031F | 
| 10 India Crowdsourced Security Market - Competitive Landscape | 
| 10.1 India Crowdsourced Security Market Revenue Share, By Companies, 2024 | 
| 10.2 India Crowdsourced Security Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 
| 13 Disclaimer |