02 Sep 2021
Global Open Source Intelligence (OSINT) Market is valued at USD 6297.8 Million in 2020 and expected to reach USD 26671.6 Million by 2027 with a CAGR of 22.9% over the forecast period.
Global Open Source Intelligence (OSINT) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increased demand and adoption of open source intelligence tools among different organization and surge in the demand among SME’s leads to drive the growth of Global Open Source Intelligence (OSINT) market.
Scope of Global Open Source Intelligence (OSINT) Market Report
Open Source Intelligence (OSINT) is a methodology for collecting data which is publicly available, analyzed, and disseminated on time to an appropriate audience, and addresses a specific intelligence requirement. The word open refers to overt which means publically available sources. OSINT is primarily used in law enforcement, business intelligence, and national security functions. The main objective of open source intelligence tool is to rearrange, clean, and enhance the available raw data into the desired format to enable informed & better decision-making in less time. The open source intelligence technology has modified the process, changing tedious, time-consuming attempts to master various data sources. There are several types of security organizations reportedly investing in open source intelligence tools to increase their monitoring and research capabilities, in the open web, deep web and Darknet. Social networks such as Facebook, Twitter, Instagram, LinkedIn, and other local services hold detailed personal data of billions of people, and lay the grounds for social media monitoring. The OSINT sources have six different categories of information flow which are media, internet, public government data, professional and academic publication, commercial data and grey literature.
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During the outbreak of COVID-19, internet penetration, social media consumption and use of web portals have tremendously increased just because of governments of almost all the countries across the globe have imposed lockdown to minimize the spread of coronavirus. The companies have witnessed the increase in malicious activities and cyber security concern after adopting work from home polices by following governments guideline. The OSINT tool has helped the companies to detect and mitigate the potential cyber security threat by helping and protecting the consumers and company’s data. In addition, the ONIST tools and solutions are of great help to the intelligence department to produce intelligence from the vast volume of publically available information and to gather the information related to the potential threat to the nation. Thus, Covid-19 has shown a positive impact on the growth of the open source intelligence (OSINT) market.
Global open source intelligence (OSINT) market report is segmented on the basis of security, technology, application and region & country level. Based upon security, global market is classified into human intelligence, dark web analytics, content intelligence, link/network analytics, data analytics, artificial intelligence and big data security. Based upon technology, the market is divided into big data software, video analytics, text analytics, visualization tools, cyber security, web analysis, social media analysis and others. Based upon end-user, global Market is divided into military & defense, Private sector, public sector, national security and others.
The regions covered in global open source intelligence (OSINT) Market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global open source intelligence (OSINT) is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Key Players for Global Open Source Intelligence (OSINT) Market Report-
Some of the key players for global open source intelligence (OSINT) market are Alfresco Software Inc., Digital Clues, Expert Systems S.p.A, Google LLC, Maltego Technologies GmbH, OffSec Service Limited, Octogence Technologies Pvt. Ltd., Palantir Technologies Inc., Recorded Future, Inc., Thales Group and others.
Increased Need of Open Source Intelligence for Business Planning is one of the Major Factors Driving the Market Growth.
The increase in use of open source intelligence by various industries to gain insights for business planning helps to drive the growth of the open source intelligence market. Open source intelligence helps companies to gather the information regarding customer’s feedback about the products and brand. The qualitative and quantitative analysis by gathering information online helps to improve the company’s growth. In addition, growing adoption of open source intelligence tools among various organizations and rising in demand for cloud-based OSINT among SMEs also expected to foster the growth of the market. Increasing availability of publicly available unclassified information, rise in terrorism, cybercrimes, and other related such illegal practices and the increase in advancements in big data processing and data analytics, perforation of artificial intelligence across military and defense sector and growing affinity of enterprises towards unstructured data for business intelligence are also supplementing the growth of global OSINT market.
However, lack of awareness about open source intelligence and concerns related to data quality issues leads may limit the growth of the market. In addition stringent laws on data privacy and fair usage of publicly available data and lack of expertise and limited skillsets in OSINT industry are some factors may hamper the market growth. In spite of that, emerging trends such as social media analytics may offer more opportunities for the further expansion of the market.
North America is Anticipated to Dominate the Global Open Source Intelligence (OSINT) Market
North America is expected to dominate the global open source intelligence (OSINT) market owing to the rising dependence on smart devices and security investments made possible by government initiatives taken in this region. Europe is likely to capture a significant share of the global OSINT market due to rising local law enforcement agencies utilizing OSINT for protecting citizens against abuse, identity theft, fraud, sexual violence, and others. In addition, the initiative taken by the government to organize workshops for creating awareness among officers of security agencies can bode well for the market.
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