Crowdsourced Pen Testing Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Crowdsourced Pen Testing Market is segmented By Type (Functionality Testing, Performance Testing, Usability Testing, Security Testing, Localization Testing, Others), By Platform (Website Testing, Mobile Testing, Others), By Application (Website Application, Mobile Application, Social Engineering, Network Infrastructure, Cloud, Others), By Verticals (Banking, Financial Services and Insurance (BFSI), Information Technology (IT), Healthcare, Retail and eCommerce, Telecom, Education, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Crowdsourced Pen Testing Market Overview

The Global Crowdsourced Pen-Testing Market size was worth US$ XX billion in 2022 and is predicted to show significant market growth by reaching up to US$ XX billion by 2029, growing at a CAGR of 9.35% between the forecast period (2022-2029).

Crowdsourced pen-testing is also known as pen tests or ethical hacking. It is the authorized simulation of cyberattacks on loT devices, software programs, networks, web applications, and users to evaluate a system's security. The crowdsource platform is used to connect manual testers from around the world for several testing projects. It is not a substitute for internal testing; however, it's real time for developers to test their software in a real environment.

Most of the big shots present in the market, such as Google Inc or Microsoft Corporation, use crowdsourced pen testing and are relying completely on these testing for testing their apps. As compared to other software testing platforms, crowdsourced pen testing is preferred as it helps to find vulnerabilities, reduce risk, and provide feedback for the developer. Apart from this, crowdsourced pen-testing offers scalability to enterprises and testers coupled with the flexibility to scale testing procedures efficiently.

Enterprises or testers can have on-demand access to crowd tester for their projects anytime. The speed offered by crowdsourced pen tests is the prime reason for its growing demand in the market. The platform provides flexibility and opportunities to run multiple sets of tests simultaneously, which reduces the overall time of the market. Cost affordability and wider geographic coverage, real-time localized testing for the app are the features responsible for building the market of crowdsourced pen-testing incoming tenures. 

Crowdsourced Pen Testing Market Scope and Summary

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Crowdsourced Pen Testing Market Dynamics and Trends

The global crowdsourced pen-testing market is majorly propelled by increasing security implementation measurements due to the growing sophistication of cyberattacks and increasing mobile-based critical business applications that require a supreme level of secure endpoint protection. Crowdsourced pen-testing offers various features to improve the weakness in contemporary pen testing or traditional testing, which is expected to boost the platform's global market in the forecast period.

Increasing security implementation measurements due to the growing sophistication of cyberattack and increasing improvements in the mobile-based critical business application that require a supreme level of secure endpoint protection

Penetration testing is designed to help organizations find and fix vulnerabilities in their systems before being exploited by criminal hackers. Most of the companies conduct some or the other type of penetration testing; unfortunately, traditional penetration practices aren't standing up to the required expectations and are struggling with today's modern cyber threat. As per  IBM, only 38% of global organizations are equipped to handle a complex cyber attack. Thus to empower the organization against cyberattacks when a single company holds a customer base in millions, this leads to the arrival of security leader-crowdsourced pen testing in the market.

Since the past few years, the security industry is increasing towards crowdsourced penetration testing to combat the security talent gap of more than a 3.5million cybersecurity positions, which are estimated to be left unfilled by 2021. Thus, the growing requirement of cybersecurity platforms from different industries helped crowdsourcing ethical hackers worldwide grow by giving organizations the ability to efficienlty and effectively test multiple assets in their growing attack surface and this way expected to build the global market of crowdsourced test testing in the forecast period.

Crowdsourced pen-testing offers various features to improve the weakness in contemporary pen testing or traditional testing, which is expected to boost the platform's global market in the forecast period.

Crowdsourced pen-testing offers various advantages over traditional penetration practices such as development speed and time-limited tests. The feature mentioned above shows crowdsourced programs are effectively open-ended with no limit, which means effectively translating to a constant pentest but only if the incentives are right. Crowdsourced engagements have successfully identified critical vulnerabilities in the most visited sites in recent times that previously had relied only on pen-testing. Apart from this crowdsourced security programs have increased the burden of proof on researchers and those submitting vulnerabilities, which effectively eliminates ‘pentester syndrome’. The ‘pay per vulnerability’ model of most crowdsourced programs means only vulnerabilities with impact will be rewarded. This means all the previous 'hardening' information one typically finds on a pen-testing report is now ignored since this has little to no impact on a site's overall security posture. Thus the features mentioned above are expected to boost crowdsourced pen-testing market in the forecast period.

The platform may crash the servers, expose sensitive data, corrupt crucial production data and sometimes take a lot of time for analysis; this doesn't have the luxury of time even after leveraging automatic tools.

Crowdsourced pen-testing offers a wide variety of features favoring the market's growth; however, some disadvantages are responsible for hampering the market growth in recent times. If the required tests are not done properly may lead to a crash of the servers, expose sensitive data, corrupt crucial production data or even cause a host of other adverse effects associated with mimicking a criminal hack. Even after leveraging on automatic tools, pentesting doesn't have the luxury of time. For instance, a pentester might have four to five days to test with an additional one or two days to draft the report. Also, there is limited time to prove its existence during testing if any potential vulnerability is found. Therefore more time is required to find out any serious related issues. Thus, the above-mentioned drawbacks are more likely to hamper crowdsourced pen-testing growth in the forecast period.

COVID-19 Impact Analysis on Crowdsourced Pen Testing Market

The global crowdsourced pen testing has shown a slight increase due to the COVID-19 pandemic as the threat of cyber-attack has increased in the current COVID-19 pandemic. As many companies employees work remotely and outside the centralized company security systems, which has improved the chances of hacking and stealing confidential data compared to normal times. Now even small companies are interested in taking access to experts in cybersecurity and penetration testing on an urgent basis. Although small organizations and startup businesses often don’t have much of a cybersecurity budget available, so they either opt for low-cost services or ignore them. Thus, due to lockdown and adoption of work from home by various companies, the global crowdsourced pen-testing market has improved in 2020 and is expected to improve further in the coming tenures.

Crowdsourced Pen Testing Market Segmentation Analysis

The global crowdsourced pen-testing market is segmented based on testing type, platform, application, verticals and region.

The website serves to be the first impression for any organization, and crowdsourced pen testing helps to explore a website for its functionality, performance and reliability, thereby leading the website based market in recent times

The global crowdsourced pen-testing market is bifurcated into website testing, mobile testing, and others in terms of platform. Being the most implemented testing service by crowdsourced pen-testing vendors, website testing is expected to dominate the global platform market in recent times. This testing helps to explore the website for its functionality, performance and reliability. Crowdsourced pen testing is used to check its responsiveness, functioning by user-type, compliance and effectivity to provide a better customer experience. For many organization websites is the face for their service or solutions to make an impression on its potential customers; hence website testing is widely adopted by various key players in recent times.

For instance, in 2019, Test IO announced its collaboration and worked with Saatva, an e-commerce firm. This collaboration is done to offer various testing solutions such as functional, usability/visual testing for its website-based platform.

Global Crowdsourced Pen Testing Market Geographical Analysis

Early adoption of most recent  and advanced technologies and the growing number of technology start-ups in the North America region coupled with improving need for an affordable and efficient testing solution is responsible for building the market for the region

North America is expected to grow crowdsourced pen-testing market at the fastest rate in the aforementioned timespan due to the early adoption of the most recent and advanced technologies such as cloud, testing creating opportunities for the crowdsourced pen testing service providers to implement efficient crowdsourced pen testing solution for the target audience. Apart from this growing number of technology start-ups in the region and their improving need for an affordable and efficient testing solution is expected to build the platform's market in the near future. Moreover, key players of crowdsourced pen-testing such as Applause App Quality, Inc, Rainforest,., test IO Inc., qainfotech.com among others in region offering a comprehensive testing solution to the enterprises thus building higher market share for the region globally.

Crowdsourced Pen Testing Market Companies and Competitive Landscape

The crowdsourced pen-testing market is highly competitive, with many national and international players in the market. Some of the key players contributing to the market's growth include App testing, Rainforest, Applause App Quality, Crowdsprint, Testbirds GmbH, Crowdsourced Testing SpA, Flatworld Solutions Pvt. Ltd, Core Security, Checkmarx, HackerOne, Bugcrowd and others.

The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the crowdsourced pen-testing market's growth globally. The key players are following product launch as the growth stage.

In November 2018, Bugcrowd came up with Bugcrowd Next Gen Pen Test to meet today's enterprise's changing security needs. Next-Gen Pen Test offers the best of the crowdsourced security model to take pen tests to the next level, disrupting the current pen test market with three distinct differentiators: Continuous coverage, Proven pen testers, and Whitehat hackers, SDL integrations. This product launch helped the company get a competitive advantage and build a bigger market share volume in the coming years.

HackerOne

Overview: The company a vulnerability coordination and bug bounty platform that connects businesses with penetration testers and cybersecurity researchers. The company is based in United Stated and was established in 2012. HackerOne is the first company along with Synack and Bugcrowd, to embrace and utilize crowd-sourced security and cybersecurity researchers as

Key Development:

• In July 2019, Synack launched crowdsourced penetration test designed specifically for the government. The crowdsourced penetration test is offering a bug bounty-based vulnerability discovery model coupled with NIST 800-53 guidelines. The aim of bringing this product to market is to strengthen its market value.

Why Purchase the Report?

• Visualize the crowdsourced pen-testing market segmentation by testing type, platform, application, verticals and highlight key commercial assets and players.
• Identify commercial opportunities in the crowdsourced pen-testing market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of crowdsourced pen-testing market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global crowdsourced pen-testing market report would provide access to an approx: 69 market data table, 72 figures and 262 pages.

Target Audience 2022

• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers

Frequently Asked Questions

What is the Crowdsourced Pen Testing Market growth?

The market is growing at a CAGR of 9.35%.

What is Crowdsourced Pen Testing Markett size in 2021

The Crowdsourced Pen Testing Market size was valued at USD YY million in 2021.

Who are the key players in Crowdsourced Pen Testing Market?

Major Players are App testing, Rainforest, Applause App Quality, Crowdsprint, Testbirds GmbH, Crowdsourced Testing SpA, Flatworld Solutions Pvt. Ltd, Core Security, Checkmarx, Bugcrowd.

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