Europe Open-Source Intelligence Market Drivers and Forecasts by 2028

The Europe open-source intelligence market is expected to grow from Euro 754.97 million in 2021 to Euro 2,594.03 million by 2028; it is estimated to grow at a CAGR of 19.3% from 2021 to 2028.

The UK, Germany, France, Italy, Spain, and Russia are major economies in Europe. Rising demand for OSINT among enterprises is expected to escalate 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 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 Europe open-source intelligence market

In case of COVID-19, Europe is highly affected specially France. In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of the robust healthcare systems. The sudden outbreak of the COVID-19 pandemic across the region has not only led to the standstill of business operations but have also led to the closure of several small and medium enterprises across the region. In the initial three to four months of 2020, the region has experienced a dip in technological investments across the country. However, the region rapidly adopted remote working culture thereby utilizing digital platform for business operations. The rapid shift in a complete digital phase accounted to data security issues across the organizations in the European region. For instance, in December 2020, an unspecified number of Spotify (Headquartered in Sweden) members had their passwords changed as a result of a software flaw that exposed account information to the public. Similarly, in July 2020, an unprotected server exposed the personal information of 60,000 users of Ancestry.com, a family history search software company. Thus, the increase in the data breaching cases have influenced the adoption of open-source intelligence solutions. Thereby positively impacting the growth of the market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe open-source intelligence market. The Europe open-source intelligence market is expected to grow at a good CAGR during the forecast period.

Europe Open-Source Intelligence Market Segmentation

Europe Open-Source Intelligence Market – By Technique

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

Europe 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

Europe Open-Source Intelligence Market, by Country

• France
• Germany
• Italy
• UK
• Spain
• Russia 
• Rest of Europe

Europe Open-Source Intelligence Market -Companies Mentioned

• Alfresco Software, Inc.
• Digital Clues
• EXPERT SYSTEM S.P.A.
• Google LLC 
• IPS S.p.A.
• Maltego Technologies. 
• Palantir Technologies
• RECORDED FUTURE, INC.
• Thales Group

Europe Open-Source Intelligence Report Scope