Crowdsourced Pen Testing: Harnessing Collective Expertise for Robust Cybersecurity in the Digital Age

Crowdsourced pen testing, also known as crowdsourced penetration testing, is a security program checking web page vulnerabilities against cyber threats. Primarily enhancing web application firewalls involves ethical hackers reporting and investigating vulnerabilities on business networks. The North America crowdsourced pen testing industry, covering the U.S. and Canada, utilizes crowdsourcing for penetration testing. Ethical hackers assess digital infrastructure security, ensuring protection against cyber threats by identifying and addressing vulnerabilities before exploitation, aligning with evolving cybersecurity needs in the region.

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Data Bridge Market Research analyses that the North America Crowdsourced Pen Testing Market is expected to reach USD 285.31 million by 2030, which was USD 125.60 million in 2022, registering a CAGR of 10.80% during the forecast period of 2023 to 2030. North America organizations, compelled by stringent data protection regulations such as GDPR and CCPA, prioritize robust cybersecurity. This compels the widespread adoption of crowdsourced pen testing to ensure compliance and safeguard sensitive information effectively.

Key Findings of the Study

Increasing penetration of smartphones is expected to drive the market's growth rate

The proliferation of smartphones in daily life, accelerated by the epidemic, amplifies the frequency of internet usage and engagement with financial technology platforms. This heightened reliance on mobile devices exposes users to increased data security risks. Consequently, penetration testing becomes vital for assessing digital infrastructure, identifying vulnerabilities, and proactively mitigating potential threats. In the contemporary landscape, it plays a crucial role in ensuring the robust security of services amid the expanding prevalence of smartphones and associated digital activities.

Report Scope and Market Segmentation

Segment Analysis:

The North America crowdsourced pen testing market is segmented on the basis of type, deployment model, organization size, and end-user.

• On the basis of type, the North America crowdsourced pen testing market is segmented into web application, mobile, and others
• On the basis of deployment mode, the North America crowdsourced pen testing market is segmented into on-premises and cloud
• On the basis of organization size, the North America crowdsourced pen testing market is segmented into large enterprises and small and medium-sized enterprises (SMEs)
• On the basis of end-user, the North America crowdsourced pen testing market is segmented into IT and telecom, banking finance insurance and service (BFSI), retail, healthcare, hospitality, media and entertainment, and transport

Major Players

Data Bridge Market Research recognizes the following companies as the major North America crowdsourced pen testing market players North America crowdsourced pen testing market are Bugcrowd (U.S.), Cobalt (India), Rainforest Life Pte Ltd. (Singapore), Crowdsprint (Australia), Synack (U.S.), Testbirds GmbH (Germany), Crowdsourced Testing SpA (Canada), Flatworld Solutions Pvt. Ltd. (India), Fortra, LLC (U.S.), Checkmarx Ltd. (U.S.)

Market Developments

• In 2022, Testlio, a networked testing pioneer, launched fused testing, a methodology merging expert manual testing with the efficiency of test automation. This innovation addresses the rising customer demands for exceptional digital experiences, providing engineering and product leaders with a powerful solution to enhance product quality and meet the challenges of evolving market expectations
• In 2022, Rapid7 launched the Rapid7 Cybersecurity Foundation with an initial $1 million, aiming to bridge the security achievement gap. Focused on increasing cybersecurity resource accessibility, especially for underrepresented communities, this initiative seeks to foster diversity and inclusivity in the cybersecurity field, potentially impacting the crowdsourced penetration testing market
• In 2020, Applause App Quality, Inc. launched an integrated functional testing solution, merging automated and manual methods to significantly enhance data quality. This innovation strengthens the company's market presence and competitive positioning within the industry
• In May 2021, NRI Australia acquired Planit as part of its Vision 2022 strategy, fortifying capabilities and global reach in the crowdsourced penetration testing market. This move enables NRI to provide comprehensive testing services, meeting the growing demand for robust cybersecurity assessments

Regional Analysis

Geographically, the countries covered in the North America crowdsourced pen testing market report are the U.S., Canada, and Mexico in North America.

As per Data Bridge Market Research analysis:

U.S. is the dominant region in North America crowdsourced pen testing market during the forecast period 2023-2030

The U.S. dominates the North America crowdsourced pen testing market in revenue and market share. The escalating demand for cloud data migration raises organizations' concerns about data security, driving the need for pen testing. The expanding user base on the internet fuels the demand for cloud services, further propelling market growth in the region. This trend underscores the U.S.'s pivotal role in advancing and adopting crowdsourced pen testing solutions across North America.

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