Categories under the type segment of the crowdsourced security market are mobile application and web application. Of these, the mobile application category is expected to witness faster growth during the forecast period. This is because a large number of enterprises have started providing their security services to consumers through mobile applications, due to the surging usage of smartphones. Presently, around 45% of the global population or 3.5 billion people own smartphones.

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. Moreover, the soaring number of android and iOS applications will also result in the development of several security assessment solutions.

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. 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