Global Open-Source Intelligence Market Highlights 2022 – 2030
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.
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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.
Major Macro-Economic Indicators Impacting the Market Growth
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.
Global Open-Source Intelligence Market Regional Synopsis
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:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global open-source intelligence market includes the following segments:
By Technique
- Text Analytics
- Video Analytics
- Social Media Analytics
- Geospatial Analytics
- Security Analytics
- Others
By End User
- Government Intelligence Agencies
- Cyber Security Organizations
- Law Enforcement Agencies
- Military & Defense Intelligence Agencies
- Financial Services
- Private Specialized Business
- Others
Growth Drivers
- Increasing Adoption of Open-Source Intelligence Tools Among Organizations
- Growing Demand for Cloud-Based Open-Source Intelligence
Challenges
- Stringent Regulatory Framework Regarding Data Privacy
Top Featured Companies Dominating the Market
- Expert Systems S.p.A
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Alfresco Software Inc.
- Google LLC
- Maltego Technologies GmbH
- OffSec Service Limited
- Octogence Technologies Pvt. Ltd.
- Thales Group
- Palantir Technologies Inc.
- Recorded Future, Inc.
- Siemens AG
