Title: Open-Source Intelligence Market - Segments Analysis & Key Business Strategies by Leading Players to 2027
1Open-Source Intelligence Market Growth
Potential and Regional Outlook to 2027
- Driven by surging availability of open-source
data and high illegal practices, cyber threats
and terrorism, the open source intelligence
market might grow at a decent pace over 2027.
Open source intelligence may be described as
passive reconnaissance or background information
collecting from public sources. It currently
consists of many freeware tools which can be used
for good purposes, by analysts, security
defenders and pen testers. According to Global
Market Insights, Inc., the open source
intelligence market is projected to rise over USD
20 billion by 2027. - Several organizations are adopting open source
intelligence tools for gaining valuable insights
for making business decisions. There is also a
demand for cloud-based open source intelligence
in SMEs. Adoption of text analytics and social
media analytics solutions to understand customer
needs and improve offered customer services could
offer promising business opportunities to firms.
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2- Based on security, the data analytics segment is
anticipated to grow substantially over the
forecast period in view of robust adoption of big
data analytics in organizations for the
improvement of customer experience and better
efficiency. Data analytics is important for
enterprise-level businesses for the analysis of a
huge amount of unstructured and structured data
and to resolve their business imperatives.
- In terms of technology, the cybersecurity section
could hold a larger industry share in the
upcoming years on account of rising demand for
secure and robust networks by enterprises for
safe access to data. Several companies worldwide
are shifting their core businesses to digital
platforms. As incidences of data breaches are on
the rise, there is a pressing need for cyber
security initiatives and policies.
- Meanwhile, the private sector application segment
is likely to grow significantly given to the
deployment of text analytics and social media
analytics for business decisions. Many
organizations have focused on social media for
promoting events, different products, and for
advertising campaigns, as it is considered to be
more effective than traditional method of
marketing and advertising.
- In 2021, Thales Group, Dassault Systemes,
STMicroelectronics, Atos, and Groupe Renault
announced their plan to collaborate for the
creation of Software Republique, a new ecosystem
for innovation in intelligent mobility for
businesses, regions, citizens, and cities.
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4- Geographically speaking, the North America open
source intelligence market is expected to
register a CAGR of above 22 as the adoption of
open source intelligence tools by non-government
and government organizations is gaining momentum.
Various enterprises in the region are launching
new products for open source intelligence
technology solutions.
- While globally, the open source intelligence
market consists of firms such as Google LLC,
Alfresco Software Inc., Thales Group, Digital
Clues, Maltego Technologies GmbH, Expert Systems
S.p.A., and OffSec Service Limited. These firms
are working on portfolio expansion and the
integration of new technologies to meet diverse
customer requirements.
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