Skip to main content

Crowdsourced Security Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies

One of the key growth drivers for the crowdsourced security market is the burgeoning demand for security solutions by enterprise to improve security and reduce risks. Every organization runs its applications through several quality checks to ensure the elimination of all bugs and other potential security challenges. The organizations also test run their applications after their launches to identify the bugs and protect the applications from potential hackers.

As it is increasingly becoming difficult for development teams to search for all the bugs and potential threats, enterprises are rapidly adopting crowdsourced security solutions. In recent years, the rising integration of crowdsourced security methods in the automobile industry has become a major trend in the market. Owing to the high risks of hacking, data loss, and financial loss, automakers are focusing on the deployment of such security solutions.


 

For instance, in 2015, Fiat Chrysler Automobiles N.V. faced the challenge of vehicle safety hacking in a public demonstration. This led to the recall of 1.4 million vehicles of the company. The enterprise category of the crowdsourced security market includes large enterprise and small- and medium-sized enterprise. Under this segment, the large enterprise category generated the higher revenue during the historical period (2014–2019) and it is expected to retain its dominance throughout the forecast period.

This is because large enterprises have extensive resources, including several decision-making bodies and large budgets, which enable them to adopt the latest security solutions for their systems and applications. According to P&S Intelligence, the North American region accounted for the largest share in the crowdsourced security market, due to the advancements made in security technologies in the region. The market players in this region are focusing on exploring and implementing the latest technologies to attract more customers.

Moreover, the rising deployment of security solutions in enterprises for shielding the integrity of the novel and advanced technologies will boost the market growth in the region. Thus, the increasing concerns being raised over security among enterprises and escalating incidence of cyber-attacks will propel the market expansion in the foreseeable future.

Comments

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...

Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vision-sensor-market/report-sample With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries.  Therefore, the surging demand for industrial automation will create several...