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According to the study, the market accounted for around USD 5,449.23 Million in 2021 and is expected to grow at a CAGR of 28.33% during 2022-2030. The market for global Open-Source Intelligence market is forecasted to account for nearly USD 36,241.24 Million by 2030.
Overview
Open Source Intelligence (OSINT) Market
Open Source Intelligence (OSINT) Market: Overview
According to Custom Market Insights (CMI), The Open Source Intelligence (OSINT) Market size was estimated at USD 5,449.23 Million in 2021 and is expected to hit around USD 36,241.24 Million by 2030, poised to grow at a compound annual growth rate (CAGR) of 18% from 2022 to 2030.
Open source platforms help in collecting information regarding individuals from free, public sources. This commonly refers to the data available, but not limited to, on the internet. Further, this can include magazines, newspapers, public libraries, or press releases. Open Source Intelligence can also include information gathered via other communication sources. Open Source Intelligence makes use of this information for detecting and analyzing threats to national security.
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Open Source Intelligence (OSINT) Market: Growth Drivers
The rising need for gathering data available from public sources with the objective to gain crucial business insights is bolstering the market for Open-Source Intelligence. Further, open source helps businesses to gain an in depth understanding of various strategies adopted by competitors and take effective decisions based on them. This may include decisions regarding expansion, mergers, new product launches, etc. In addition, cyber intelligence is becoming an effective tool for analyzing data to track criminals digital footprints, industrial espionage, cyber threats against national security, and control terrorism.
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Open Source Intelligence (OSINT) Market: Regional Analysis
North America region led the global Open Source Intelligence market in 2021. The US is an early adopter of advanced technology and is witnessing a high demand for intelligence tools. It is one of the major revenue generating countries in the global Open Source Intelligence market. The stringent government regulations concerning security are pushing organizations across the region to implement an Open Source Intelligence market.
Presently, Open Source Intelligence is used in various surveillance systems, and it creates a foundation for a number of public intelligence abilities. Further, some of the key providers based in the US include Google Inc, Alfresco Software, Digital Clues, and Maltego.
Europe is estimated to be the second largest market leader in 2021. A majority of revenue in the Europe region is contributed by the UK and Germany. The GDPR implementation by the European Union had further propelled the market and is expected to increase during the coming years.
Open Source Intelligence (OSINT) Market: Recent developments
- April 2022: Thales announced its Sixth Cyber Security center in Morocco with an objective to serve clients in the African continent.
- March 2022: Google announced to the acquisition of Mandiant, Inc., a US cyber security firm, by entering into a definitive agreement for USD 23/share in all-cash transaction value of around USD 5.4 billion.
- May 2021: Palantir Technologies Inc. announced that the company will provide to the Department of the Air Force, Space and Missile Systems Centers Cross Mission Ground & Communications Enterprise (SMC/ECX), as well as NORAD NORTHCOM for supporting the US Space Force and US Air Forces critical missions.
Key Players:
- Alfresco Software Inc.
- Siemens AG
- Maltego Technologies
- Expert System S.p.A.
- Google LLC
- IPS S.p.A.
- Digital Clues
- NetSentries Technologies FZCO
- Recorded Future, Inc.
- Palantir Technologies
- Thales Group
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The Open Source Intelligence (OSINT) Market is segmented as follows:
By Technique
- Text Analytics
- Social Media Analytics
- Video Analytics
- Security Analytics
- Geospatial Analytics
- SOthers
By End User
- Law Enforcement Agencies
- Government Intelligence Agencies
- Military & Defense Intelligence Agencies
- Financial Services
- Cyber Security Organizations
- Private Specialized Business
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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