South America Open-Source Intelligence Market Growth Opportunities and Forecast by 2028

The SAM open-source intelligence market is expected to grow from Euro 492.21 million in 2021 to Euro 1,002.22 million by 2028; it is estimated to grow at a CAGR of 10.7% from 2021 to 2028.

Brazil and Argentina are major economies in SAM. Growing adoption of OSINT for social media analytics is expected to the SAM open-source intelligence market in coming years. Over a few years, social media has gained momentum across the region. More than 80% of the population has at least one social media account. Apart from using social media account for communication, individuals are using it for earning. Social media has also become a marketing platform for both individuals and businesses. Social media networks provide several options for internet investigations because a large amount of important information is available at one location. For example, any personal information can be obtained from anywhere across the region by checking a person's Facebook profile. The information gathered from social media websites is referred to as social media intelligence (SOCMINT), which is a subbranch of open-source intelligence (OSINT). Social media platforms can have both public posts and private posts. Without the creator's consent, private information—such as materials shared with friend circles—cannot be accessed. However, with the rise in the use of social media, content and data theft have also experienced a surge over the years. Therefore, the adoption of social media intelligence is increasing across businesses to protect every data published on their social media pages. Thus, the above-mentioned factors are expected to fuel the growth of the SAM open-source intelligence market in the future.

In case of COVID-19, SAM is highly affected specially Brazil, which has reported the largest number of cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The pandemic has compelled several country governments to impose lockdowns and suspend economic activities to contain the spread of the virus. Owing to the strict lockdown imposed by the governing bodies, the countries experienced a decline in adoption of rapid technologies and automation among all industries across the region. The Latin American countries also experienced a surge in data breaching cases during the pandemic leading to increase in demand for open-source intelligence. For instance, in November 2020, a hospital employee published a spreadsheet with identities, passwords, and access keys to important government systems to GitHub, exposing the personal and health information of over 16 million Brazilian COVID-19 patients. Thus, the above-mentioned factors positively impacted the growth of the market in the region.

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 SAM open-source intelligence market. The SAM open-source intelligence market is expected to grow at a good CAGR during the forecast period.

SAM Open-Source Intelligence Market Segmentation     

SAM Open-Source Intelligence Market – By Technique

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

SAM 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

SAM Open-Source Intelligence Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Open-Source Intelligence Market -Companies Mentioned

• Alfresco Software, Inc.
• EXPERT SYSTEM S.P.A.
• Google LLC
• Palantir Technologies
• Thales Group 

South America Open-Source Intelligence Report Scope