The surging focus of several industries on upgrading their security solutions, soaring incidence of cyberattacks and threats, and rising need to adhere to the compliance requirements will drive the crowdsourced security market during the forecast period (2020–2030). Crowdsourced security solutions invite a group of people to evaluate an asset for vulnerabilities.
Moreover, the rapid digital transformation in enterprises will also facilitate market growth in the foreseeable future. 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.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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