Middle East & Africa Open-Source Intelligence Market

Market Introduction

The open-source intelligence market in MEA is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The UAE is the most advanced country in the region, and its government focuses on taking advantage of technologically advanced solutions to boost the overall cybersecurity infrastructure of the country. The Middle East and Africa, which has been involved in geopolitical disputes for decades, is witnessing a rising number of cyberattacks as most of the companies move into the digital sphere and the adoption of remote work opens new targets to the cyber attackers. Gulf countries, such as Saudi Arabia and the UAE, are increasingly becoming targets of sophisticated hacks aimed at collecting personal data and, in some cases, exposing state’s secrets. Individual attacks have also increased, with 2.57 million phishing attacks recorded in the region between April and June 2020. The rise in phishing attempts is especially troubling because phishing emails are sometimes used as a precursor to more serious situations, such as ransomware attacks. Thus, the growing data breaching cases across MEA is expected to boost the growth of the open-source intelligence market in MEA during the forecast period.

In case of COVID-19, MEA is highly affected specially Turkey and South Africa. Saudi Arabia's economy shrank by 7% in the second quarter, indicating how hard the latest coronavirus struck both the oil and non-oil industries, and unemployment reached a new high of 15.4%. The sudden spread of the pandemic resulted to a standstill in the economy and declined the technological investments of the companies across the region, thereby leaving a negative impact on the adoption of open-source intelligence solutions. As hackers take advantage of Covid-related digital adoption, the UAE's cyber leader warns that the Middle East is facing a "cyber epidemic." Cyberattacks have increased by 250% in the UAE this year, with phishing and ransomware cases becoming more common. According to Mohamed al-Kuwaiti, the head of UAE Government Cyber Security, the UAE has been the subject of "massive attacks" since establishing diplomatic ties with Israel. Owing to the rising risk of cyberattacks the UAE has established a new National Cyber Security Council, according to Al Kuwaiti, to draught policies and legislation to boost cyber security and ensure the country is not subject to assaults that may easily damage society, government, or enterprises. Thus, the above-mentioned factors expected to contribute to the high adoption of open-source intelligence, thereby positively impacting the market growth.

Middle East & Africa Open-Source Intelligence Strategic Insights

Strategic insights for the Middle East & Africa Open-Source Intelligence provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East & Africa Open-Source Intelligence Report Scope

Middle East & Africa Open-Source Intelligence Regional Insights

The geographic scope of the Middle East & Africa Open-Source Intelligence refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The MEA open-source intelligence market is expected to grow from Euro 273.82 million in 2021 to Euro 819.80 million by 2028; it is estimated to grow at a CAGR of 17.0% from 2021 to 2028. Surging demand for OSINT among enterprises is expected to fuel the market growth. With the rise in small and medium enterprises across the region coupled with their increasing investments in the expansion of their businesses both geographically and by expanding their product portfolios, the organizations have experienced increase in adoption of digital platforms to perform their daily businesses. Some SMEs had to adopt digital channels owing to the sudden COVID-19 outbreak pandemic. The use of digital solutions can create the risk of data loss and theft, which can hinder the growth of an enterprise. For instance, in February 2020, a leading company that deals with face recognition technology, suffered a data breach. The attacker acquired unauthorized access to companies whole client list. Around 3,000,000,000 pictures collected by the corporation from social media sites, such as Facebook, Instagram, and YouTube, were also revealed as part of the data breach. Furthermore, user accounts created by clients and searches they conducted were hacked. The breach led to huge losses for both companies, their clients, and the public at large. Thus, owing to the above-mentioned factors, the demand for OSINT solutions is growing rapidly among enterprises, which is driving the growth of the MEA open-source intelligence market. 

Key Market Segments

In terms of technique, the social media analytics segment accounted for the largest share of the MEA open-source intelligence market in 2020. In terms of end-user, the cyber security organizations segment held a larger market share of the MEA open-source intelligence market in 2020.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the MEA open-source intelligence market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alfresco Software, Inc.; Digital Clues; Google LLC; NetSentries Technologies FZCO; Palantir Technologies; RECORDED FUTURE, INC.; and Thales Group. 

Reasons to buy report

• To understand the MEA open-source intelligence market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA open-source intelligence market
• Efficiently plan M&A and partnership deals in MEA open-source intelligence market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA open-source intelligence market
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Open-Source Intelligence Market Segmentation

MEA Open-Source Intelligence Market - By Technique

• Text Analytics
• Video Analytics
• Social Media Analytics
• Geospatial Analytics
• Security Analytics
• Others

MEA Open-Source Intelligence Market -

By End-user

• Government Intelligence Agencies
• Military and Defense Intelligence Agencies
• Cyber Security Organizations
• Law Enforcement Agencies
• Private Specialized Business 
• Financial Services
• Others

MEA Open-Source Intelligence Market - By Country

• Saudi Arabia
• UAE  
• South Africa
• Rest of MEA

MEA Open-Source Intelligence Market - Company Profiles

• Alfresco Software, Inc.
• Digital Clues
• Google LLC
• NetSentries Technologies FZCO 
• Palantir Technologies
• RECORDED FUTURE, INC.
• Thales Group