North America Open-Source Intelligence Market
No. of Pages: 113 | Report Code: TIPRE00025210 | Category: Technology, Media and Telecommunications
No. of Pages: 113 | Report Code: TIPRE00025210 | Category: Technology, Media and Telecommunications
The US, Canada, and Mexico are industrialized economies in North America. Technological advancements in the region have made it a highly competitive marketplace for all businesses. Companies in the region are continuously enhancing their overall business processes and embracing new media or channels to improve overall revenue to meet consumer expectations for high-quality goods and services. 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. Individuals and businesses face huge losses due to such incidents of data breaches. Therefore, the demand for advanced solutions for data protection is growing. This rising demand for data protection among organizations and increasing awareness regarding personal data breaches are propelling the growth of the open-source intelligence market in North America.
In case of COVID-19, North America is highly affected specially the US. The unprecedented rise in number of COVID-19 cases across the US and the subsequent lockdown to combat the spread of the virus across the country in the first two quarters of 2020 have led to numerous businesses to come on a standby situation. Technological investments in 2020 experienced a dip owing to the above-mentioned reasons, thereby impacting the growth of the market. However, the sudden lockdown has impacted the way businesses work thereby leading to the adoption of digital platforms for carrying out business operation from remote locations. For instance, in July 2021, the annual "Cost of a Data Breach" report from IBM Security projects that an average data breach will cost $4.24 million per event in 2021, up 10% from 2020 when 1,000 to 100,000 records are involved. The company's abrupt operational shifts because of the pandemic, stay-at-home orders, and the need to swiftly turn operations remote resulted in higher 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 is thus created new opportunities for the open-source intelligence market thereby positively impacting the growth of the market in the region.
Strategic insights for the North America 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | Euro 1,354.23 Million |
| Market Size by 2028 | Euro 4,370.44 Million |
| Global CAGR (2021 - 2028) | 18.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technique
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America open-source intelligence market is expected to grow from Euro 1,354.23 million in 2021 to Euro 4,370.44 million by 2028; it is estimated to grow at a CAGR of 18.2% from 2021 to 2028. Growing integration of technology like artificial intelligence is expected to fuel the market in coming years. Artificial Intelligence (AI) is becoming increasingly important for security purposes across all industries. AI web intelligence improves the efficiency of automated web investigations in the context of criminal investigations. Therefore, it is employed for decision-making. Overall, AI-powered OSINT tools, such as SOCMINT technologies, assist agencies and organizations in swiftly and efficiently making sense of enormous amounts of publicly available internet and social media data from a variety of OSINT sources. Due to the risk of exposure, deep and dark web surveillance is one of the most difficult cybercrime challenges for law enforcement. In criminal investigations, OSINT and social media intelligence (SOCMINT) enable web fingerprint reconstruction or facial identification, making them suitable forensic tools. These techniques enable investigators to acquire access to information that would otherwise be unavailable, allowing them to trace links between threat actors or groups that appear to be unrelated. Additionally, AI-powered open-source intelligence offers various benefits such as speeding up the whole investigation process, minimizing the risk of missing any aspect in the investigation, visibility, and safety of information. Thus, the adoption of AI-powered OSINT is expected to increase in the coming years, which would create lucrative opportunities for the growth of the North America open-source intelligence market during the forecast period.
In terms of technique, the security analytics segment accounted for the largest share of the North America open-source intelligence market in 2020. In terms of end-user, the cyber security organizations segment held a larger market share of the North America open-source intelligence market in 2020.
A few major primary and secondary sources referred to for preparing this report on the North America 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.; EXPERT SYSTEM S.P.A.; Google LLC; NetSentries Technologies FZCO; Palantir Technologies; RECORDED FUTURE, INC.; and Thales Group.
The North America Open-Source Intelligence Market is valued at Euro 1,354.23 Million in 2021, it is projected to reach Euro 4,370.44 Million by 2028.
As per our report North America Open-Source Intelligence Market, the market size is valued at Euro 1,354.23 Million in 2021, projecting it to reach Euro 4,370.44 Million by 2028. This translates to a CAGR of approximately 18.2% during the forecast period.
The North America Open-Source Intelligence Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Open-Source Intelligence Market report:
The North America Open-Source Intelligence Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Open-Source Intelligence Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Open-Source Intelligence Market value chain can benefit from the information contained in a comprehensive market report.
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