In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
October 2020- A new open-source tool GHunt lets individuals or security experts analyze any target’s Google footprint with the help of just a single email. The tool is capable of revealing public photos, phone model, make, firmware and installed software, and the user’s physical location.
The global open-source intelligence market is estimated to garner a large amount of revenue and grow at a CAGR of ~25% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing adoption of open-source intelligence tools among organizations, and growing demand for cloud-based open-source intelligence (OSINT). Along with these, governments all around the world are have been taking various initiatives for implementing stringent data protection regulations to safeguard organizational and individual data. This is also considered to be a crucial factor predicted to drive market growth in the upcoming years. Furthermore, rising advancements in big data and analytics technologies, coupled with growth in penetration of artificial intelligence in several public and private sectors are expected to offer profitable opportunities to the market in the near future. In 2019, more than 52 percent organizations around the world admitted to using big data technologies, whereas about 37 percent were willing to use these technologies in the future.
Get more information on this report: Download Sample PDF
The market is segmented by end user into government intelligence agencies, cyber security organizations, law enforcement agencies, military & defense intelligence agencies, financial services, private specialized business, and others. Amongst these, the government intelligence agencies segment is anticipated to hold the largest share in the global open-source intelligence market on account of the high usage of OSINT by intelligence agencies for tracking events, people and equipment such as weapon systems. In addition, the cost-effectiveness of adopting OSINT is also projected to boost the growth of the market segment in the near future. Moreover, on the basis of technique, the security analytics segment is assessed to grab the largest share during the forecast period, which can be credited to the efficiency of OSINT in discovering pubic-facing assets, collating and grouping discovered information into actionable intelligence, and discovering crucial information outside the organization.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global open-source intelligence market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the growing adoption of business intelligence tools by enterprises, and surge in large volumes of unstructured data. Apart from these, rising prioritization of AI vision for armed forces, especially in South Korea is also expected to drive the region’s market growth in the coming years. Additionally, the market in Europe is anticipated to acquire a significant market share over the forecast period ascribing to the increasing usage of data analytics, and rise in deployment of crucial resources for mining and extraction of relevant data.
The global open-source intelligence market is further classified on the basis of region as follows:
Our in-depth analysis of the global open-source intelligence market includes the following segments:
Ans: The major factors driving market growth are increasing adoption of open-source intelligence tools among organizations and growing demand for cloud-based open-source intelligence.
Ans: The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022 – 2030.
Ans: Stringent regulatory framework regarding data privacy is estimated to hamper the market growth.
Ans: Asia Pacific will provide more business opportunities for market growth owing to the growing adoption of business intelligence tools by enterprises, and surge in large volumes of unstructured data.
Ans: The major players in the market are Expert Systems S.p.A, Alfresco Software Inc., Google LLC, Maltego Technologies GmbH, OffSec Service Limited, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by technique, end user, and by region.
Ans: The security analytics segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.