Open-Source Intelligence Market Share, Emerging Trends Overview, Growth Factors And Competitive Players Till 2028

The global open-source intelligence market was valued at Euro 3,422.74 million in 2021 and is projected to reach Euro 10,858.24 million by 2028; it is expected to grow at a CAGR of 17.9% from 2021 to 2028. North America dominated the market in 2020 with a share of 39.5%. The adoption of digital technology in every industry and workplace has reshaped the US economy and the workplace in recent decades. However, this adoption is also contributing to a slew of negative consequences, such as data breaches and illegal hacking, that result in the leak of personal and company data.

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The report segments the global Market as follows:

By Technique (Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, and Others)
By End-User (Government Intelligence Agencies, Military and Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Private Specialized Business, Financial Services, and Others)
The unprecedented rise in the number of COVID-19 cases in the US and the subsequent lockdown to control the spread of the virus across the country in the first two quarters of 2020 have led to a standby situation in businesses. Technological investments experienced a dip in 2020 owing to the above-mentioned reasons, thereby impacting the growth of the open-source intelligence market. In addition, the sudden lockdown has impacted the way businesses work, which is propelling the adoption of digital platforms for carrying out business operations remotely. The region's abrupt operational shifts because of the pandemic, stay-at-home orders, and the need to swiftly turn operations remote resulted in high expenses and increased difficulties in containing a security incident after it had occurred has contributed to the increase in data breaching cost. Thus, to avoid such hefty cost, organizations are rapidly adopting solutions to secure all data on their private and public servers. This adoption is creating new opportunities for the open-source intelligence market.

The Key Players in The Global Market Are:

Alfresco Software, Inc.
Digital Clues
Expert System S.p.A.
Google LLC
Maltego Technologies
NetSentries Technologies FZCO
IPS S.p.A.
Palantir Technologies
Recorded Future, Inc.
Thales Group
Siemens AG

Europe stood second in the global open-source intelligence market with a decent market share in 2020. The European Union has set up an organization that sets stringent rules and regulations to protect data called the General Data Protection Regulation (EU GDPR). The organization sets advanced security analytics plans for all companies operating in Europe. Failure to comply with the EU GDPR can result in significant fines of up to 4% of an organization's global revenue. A requirement to notify EU authorities within 72 hours of a breach and a mandate to be able to demonstrate that the organization's security policy is state-of-the-art (SOTA). Thus, the stringent regulation laid down by the GDPR is propelling the adoption of open-source intelligence solutions across the region.

The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2020-2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Open-Source Intelligence Market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Open-Source Intelligence Market?
What are the prominent market trends influencing the development of the Open-Source Intelligence Market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Open-Source Intelligence Market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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This release was published on openPR.