Global Crowdsourced Security Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Web Application, Mobile Application, and Others.

By Deployment Mode;

Cloud and On-Premises.

By Organization Size;

Small & Medium-Sized Enterprises and Large Enterprises.

By Vertical;

Telecom & IT, BFSI, Healthcare, Travel & Hospitality, Retail, Media & Entertainment, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn258055026 Published Date: May, 2025 Updated Date: June, 2025

Introduction

Global Crowdsourced Security Market (USD Million), 2021 - 2031

In the year 2024, the Global Crowdsourced Security Market was valued at USD 148.77 million. The size of this market is expected to increase to USD 265.05 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.6%.


Global Crowdsourced Security Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.6 %
Market Size (2024)USD 148.77 Million
Market Size (2031)USD 265.05 Million
Market ConcentrationMedium
Report Pages371
148.77
2024
265.05
2031

Major Players

  • Hackerone
  • Bugcrowd
  • Detectify
  • Synack
  • Applause
  • Cobalt Labs
  • Zerocopter
  • Planit
  • Passbrains
  • Rainforest

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Crowdsourced Security Market

Fragmented - Highly competitive market without dominant players


The global crowdsourced security market is experiencing unprecedented growth, fueled by the escalating demand for innovative cybersecurity solutions across industries. Crowdsourced security, a paradigm shift from traditional security testing methodologies, harnesses the collective intelligence of a diverse pool of security experts to identify vulnerabilities within digital assets. This approach offers unparalleled benefits, including cost-effectiveness, scalability, and access to a broad spectrum of specialized skillsets. As organizations grapple with increasingly sophisticated cyber threats, crowdsourced security emerges as a pivotal strategy to fortify digital defenses while adapting to the dynamic landscape of cyber risks.

One of the primary drivers propelling the adoption of crowdsourced security is its cost-effectiveness compared to conventional security testing methods. By tapping into a global network of security researchers on an as-needed basis, organizations can significantly reduce the expenses associated with maintaining an in-house security team or outsourcing to traditional security firms. Moreover, crowdsourcing enables organizations to leverage diverse skillsets and expertise, empowering them to detect and remediate a wide range of vulnerabilities effectively.

Despite its evident benefits, crowdsourced security is not without its challenges. Quality control remains a critical concern, as ensuring the reliability and accuracy of findings from a diverse crowd of security researchers can be inherently complex. Additionally, confidentiality issues arise from sharing sensitive information with a large and disparate group of individuals, necessitating robust measures to protect data privacy and intellectual property rights. Regulatory compliance adds another layer of complexity, with organizations needing to navigate a myriad of data protection regulations and industry standards when engaging in crowdsourced security testing.

Nevertheless, amidst these challenges lie ample opportunities for innovation and growth within the crowdsourced security market. Technological advancements, such as artificial intelligence and machine learning, hold promise in augmenting the efficiency and effectiveness of crowdsourced security platforms. Furthermore, partnerships and collaborations with cybersecurity firms, industry associations, and regulatory bodies can foster a more conducive environment for crowdsourced security adoption. With strategic integration into DevSecOps processes and a steadfast commitment to education and training initiatives, crowdsourced security stands poised to revolutionize the cybersecurity landscape, safeguarding digital assets against evolving threats in an increasingly interconnected world.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Deployment Mode
    3. Market Snapshot, By Organization Size
    4. Market Snapshot, By Vertical
    5. Market Snapshot, By Region
  4. Crowdsourced Security Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Scalability
        2. Continuous Testing
        3. Global Coverage
      2. Restraints
        1. Regulatory Compliance
        2. Coordination Complexity
        3. Limited Scope
      3. Opportunities
        1. Partnerships and Collaborations
        2. Education and Training
        3. Integration with DevSecOps
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Crowdsourced Security Market, By Type, 2021- 2031(USD Million)
      1. Web Application
      2. Mobile Application
      3. Others
    2. Crowdsourced Security Market, By Deployment Mode, 2021- 2031(USD Million)
      1. Cloud
      2. On-Premises
    3. Crowdsourced Security Market, By Organization Size, 2021- 2031(USD Million)
      1. Small and Medium-Sized Enterprises
      2. Large Enterprises
    4. Crowdsourced Security Market, By Vertical, 2021- 2031 (USD Million)
      1. Telecom & IT
      2. BFSI
      3. Healthcare
      4. Travel & Hospitality
      5. Retail
      6. Media & Entertainment
      7. Other Verticals
    5. Crowdsourced Security Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hackerone
      2. Bugcrowd
      3. Detectify
      4. Synack
      5. Applause
      6. Cobalt Labs
      7. Zerocopter
      8. Planit
      9. Passbrains
      10. Rainforest
  7. Analyst Views
  8. Future Outlook of the Market