Open-Source Intelligence Market: Global Industry Analysis and Forecast (2022-2029)

Open-Source Intelligence Market size was valued at USD 9.74 Bn. in 2021 and the total Open-Source Intelligence revenue is expected to grow at 24.7% from 2022 to 2029, reaching nearly USD 56.95 Bn.
Open-Source Intelligence Market Overview:
Open-source intelligence refers to publicly available data and information. It's not only the information that can get through a search engine. It may originate from a variety of sources and is a great tool for security professionals and intelligence agencies, but it's also crucial to remember that threat actors use OSINT to their advantage. Material available to the public does not have to be free; it can also include proprietary or subscription-based information, such as a news journal. It might also be information and data that can only be obtained upon request.
The primary goal of an open source intelligence tool is to clean, reorganize, and enrich accessible raw data to allow informed and better decision-making in less time. The method has been altered by open-source intelligence technology, which has replaced arduous, time-consuming attempts to master numerous data sources. Among the several benefits given by the open source, intelligence is the ability to structure massive amounts of data and efficiently handle big volumes of data.

The open source intelligence market is growing due to the increased usage of open source intelligence products across various companies and the increase in demand for cloud-based OSINT among SMEs. In addition, the growing demand for OSINT by various sectors to obtain insights for business planning drives the growth of the market. However, a lack of understanding regarding OSINT and concerns about data quality issues are restricting the market growth. Rising trends such as social media analytics are expected to result in significant opportunities for market growth during the forecast period.
Report Scope:
The report covers the overall structure of the Open-Source Intelligence Market and provides premium insights that can assist software vendors, network operators, telecom service providers, equipment manufacturers, third-party providers, and managed service providers in identifying the needs of large and small organizations (end users), as well as displaying the gaps for telecom service providers and network operators. The report investigated the growth rate and penetration in the key regions. The report analyses global adoption patterns, future growth potentials, major drivers, limitations, prospects, Challenges, and best practices in the Open-Source Intelligence Market. The report also investigates future demand sizes and revenue estimates across various geographies and user groups.

The report further includes a PORTER and PESTEL analysis, as well as the possible influence of market microeconomic aspects. External and internal elements that are expected to affect the organization positively or adversely have been studied, providing decision-makers with a clear future vision of the industry. The report also helps report users in the comprehension of the market trends and structure by studying market segments and projecting the market size. The study is an investor's guide because of its clear depiction of competitive analysis of key competitors in the market by product, price, financial situation, product portfolio, growth plans, and geographical presence.



To know about the Research Methodology:- Request Free Sample Report
Research Methodology:
Primary and secondary research is used to create the Open-Source Intelligence market report. The Bottom-Up Approach is used to examine both secondary and primary data. Secondary data sources include nationalized and global data sources, annual and financial reports from major market participants, news announcements, and so on. Interviews, surveys, expert and trained professional opinions, and other methods were used to collect primary data. The research also includes information on current developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the effect of domestic and major & localized market players, changes in market regulations, and strategic market growth analysis.

Government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges, are all investigated during the qualitative research. All conceivable elements influencing the markets included in this research study have been considered, examined in depth, validated through primary research, and evaluated to provide the final quantitative and qualitative data. Market size is normalized for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory & policy changes, and other variables is considered in the market forecast.
Open-Source Intelligence Market Dynamics:
Growing demand for defense applications.

Because the security of the country is so important, each state controls and maintains authorized intelligence agencies to gather and analyze information. All acts are conducted in secret and serve to support the choices of the governmental leadership. The methods by which actions, structures, and consequences are carried out are restricted in their public access for security concerns. In the 21st century, the Information Society is improving its understanding in the field of intelligence, with the result of breaking down barriers and raising awareness about governmental actions, including special services. Computerization and technology advancement alter state security issues as well as the growth of security tools (i.e., responsible entities for identifying threats and counteracting them).

Intelligence is carried out by functional, operational, and informational divisions, each of which has a distinct duty to play at different phases of the information cycle, including military reconnaissance. Military identification, despite its specificity and character, is congruent with strategic intelligence, with the distinction seen in the names and extended techniques of information gathering and analysis. It leverages open source intelligence (OSINT) as a secret instrument for information collecting, which is not disclosed to the party executing the verification and verification operations.

OSINT is referred to as an extra-informal method of gathering information, i.e. on a military issue. During the Cold War, British intelligence emphasized the importance of basic sources of information such as books, magazines, and the daily press, stating that "studying Soviet and daily newspapers and technical journals is very valuable as a source of intelligence and should be used at every opportunity." With the advancement of technology, the Internet has become the major source of OSINT (especially appreciated by the Federal Security Service of the Russian Federation -FSB).

The rising requirement to utilize AI and big data capabilities for gathering security information is driving the increased deployment of OSINT technologies in the country's armed forces. The use of open source data in conjunction with classified information allows for the successful optimization of battle intelligence, identification of appropriate tactical warfare plans, and maximum exploitation of military resources.

Increasing Government Initiatives to Protect Organizations Data.

Data security is critical for both organizations and people. Several attempts have been launched by governments all over the globe in recent years to enact stringent data protection legislation in their respective areas. Noncompliance with the EU GDPR may result in significant fines of up to 4% of an organization's global sales. The duty to notify EU authorities within 72 hours after a breach and the ability to show that the organization's security strategy is state-of-the-art are two major components of the EU GDPR (SOTA). For efficient outcomes, Europe's data protection law enforcement committee is trained to utilize open-source intelligence (OISNT) in their investigations.

The Australian government secures data in different forms by enforcing legislation such as the Australian Privacy Principles (APP), Cybercrime Act, Spam Act, and Telecommunication Act. This legislation governs the acquisition, use, and dissemination of personal information; prohibits unauthorized computer access; and prevents phishing emails from infiltrating personal and government networks across the country. As a result, rising government initiatives to protect both personal and organizational data from theft are increasing the adoption of open-source intelligence across government intelligence agencies, military and defense intelligence agencies, cybersecurity organizations, law enforcement agencies, and private specialized global businesses driving the market growth.

OSINT requires skilled professionals and high deployment costs.

Although the initial expenditures are cheaper, the long-term costs of open source business intelligence tools are higher. First and foremost, the company must maintain the team of developers who created and administer the system. There's data security and governance to consider. If the system goes down or, worse, crashes altogether, users must contact the IT staff to address the issue. These are only the anticipated expenditures; the potential for difficulties with an unsupported, free-floating system can swiftly grow. If money is the only motivator driving company to use open source business intelligence, then should think about these hidden costs carefully.
In addition, Open source tools need a strong support team comprised of software developers, IT personnel, and users who are dedicated to keeping them operational. This might put significant stress on resources. If engineers are capable of manually running a BI platform, the organization will be vying for their skills with the huge BI vendors avoiding by utilizing open source software. If the company are unable to offer competitive salary and perks, then may lose talent.
Open-Source Intelligence Market Segment Analysis:
By Source, the Media Source segment is expected to grow rapidly at a CAGR of 22.2% during the forecast period. The media, which includes newspapers, journals, radio, and television, is the primary source of data collection. The market is expected to rise due to the growing media industry. Open-source intelligence (OSINT) and Social Media Intelligence (SOCINT) are intelligence sources that are freely available to the public, such as traditional media like newspapers, magazines, radio, digital media, internet websites, and user-generated content in social networks, blogs, web communities, multimedia sharing sites, and so on. Open-source intelligence approaches are increasingly being utilized by government organizations as well as private enterprises globally. The service enables clients to collect and monitor open sources, issue alerts, and generate reports on any topic of their choice.



Public Government Data is expected to grow rapidly at the highest pace during the forecast period. Public government data includes data budgets, public government reports, phone directories, hearings, press conferences, and speeches. This is an official source that is publicly accessible to the public. By evaluating this data, Open-Source Intelligence can gain vital information.

Open Government Data (OGD) is a concept – and, increasingly, a set of policies – that encourages transparency, accountability, and value creation by making government data accessible to all. Massive amounts of data and information are generated and commissioned by government agencies. Public institutions become more open and responsible to citizens by making their datasets available. Governments support company development and creative, citizen-centric services by promoting the usage, reuse, and free sharing of datasets.

By Technique, the Social Media Analytics segment is expected to hold the largest market share at the end of the forecast period. Many organizations have utilized social media as a primary source for various advertising campaigns, product promotions, and events since it is more effective than traditional advertising. The rising usage of smartphones and tablets with broadband internet, as well as the ever-increasing user volume on social media platforms, drives the growth of social media analytics, generating a profitable opportunity for the market.



Social media analytics may help businesses discover more about their brand and what their rivals are up to. It enables organizations to obtain a better understanding of the difficulties consumers have with their products and services, as well as how customers use their products and the general reputation of the firm. This helps organizations in identifying their advantages and disadvantages and taking appropriate remedial action. When customers think that an organization cares about their opinions, goodwill develops and businesses acquire a competitive advantage over their competitors. These are the crucial factors that would drive the growth of the social media analytics sector in the global open-Source intelligence market over the forecast period.
Open-Source Intelligence Market Regional Insights:
North America dominates the Open-Source Intelligence (OSINT) market with the highest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. The United States and Canada are significant contributors to the market's growth. The surge may be attributed to an increase in the use of open-Source intelligence technology by a wide range of organizations, including government, intelligence, homeland security, military forces, and a variety of private and public specialized companies.

The increasing use of open-Source intelligence by the US government for various open-Source activities such as internet research, media analysis, public surveys, and media monitoring, as well as the widespread adoption of open-Source intelligence by the US law enforcement OSINT community to predict, prevent, investigate, and prosecute criminals such as terrorists, are driving regional growth during the forecast period.

The US government is increasingly focusing on improving cybersecurity since it is a primary concern. Mitigating the increasing severity of cyberattacks necessitates significant efforts and resources. The budget for cybersecurity in 2019 increased by 4.1% over 2018, with the Department of Defense (DoD) being the major contributor. The federal government intends to improve agency cybersecurity posture at all levels. As a result, information security products and services are expected to increase in demand in the United States. The number of smartphone users, as well as internet access, is increasing across the country. There is also an increasing number of social media users. Additionally, several organizations are embracing open source intelligence and big data analytics to improve efficiency and revenue growth.



North America's industrialized economies are the United States, Canada, and Mexico. The region's technological improvements have made it a highly competitive marketplace for all industries. To match consumer expectations for high-quality goods and services, companies in the region are constantly improving their entire business operations and adopting new media or channels. In recent decades, the use of digital technology in every sector and office has altered the US economy and workplace. This acceptance, however, is also driving a slew of negative effects, such as data breaches and illicit hacking, which result in the release of personal and corporate data. Individuals and corporations equally suffer significant financial losses as a result of data breaches. As a result, the need for enhanced data protection solutions is increasing. The rising need for data security among enterprises, as well as increased awareness about personal data breaches, are driving the growth of the open-source intelligence market in North America.

During the COVID-19 pandemic, North America, particularly the United States, has been severely impacted. The unusual increase in the number of COVID-19 cases across the United States, and the consequent lockdown to battle the virus's spread across the country in the first two quarters of 2020, has prompted countless companies to be on alert. Technological investments fell in 2020 as a result of the aforementioned factors, weighing on market growth. However, the abrupt lockout has had an influence on how firms operate, leading to the emergence of digital platforms for conducting company activities from remote areas. For example, in July 2021, IBM Security's annual "Cost of a Data Breach" report estimates that an average data breach would cost $4.24 million per occurrence, up 10% from 2020 when 1,000 to 100,000 records are involved.

The company's rapid operational adjustments due to the pandemic, stay-at-home orders, and the need to quickly turn operations remote resulted in greater expenses and increased challenges in managing a security event after it had happened, contributing to the rise in data breaching costs. To prevent such high expenditures, businesses are increasingly implementing technologies to encrypt all data on their private and public servers. As a result, new opportunities for the open-source intelligence industry emerged, substantially increasing the region's market growth.
Open-Source Intelligence Market Scope: Inquire before buying



Open-source Intelligence Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 9.74 Bn.


Forecast Period 2022 to 2029 CAGR:
24.7%
Market Size in 2029:
US $ 56.95 Bn.


 Segments Covered:
by Source
• Media
• Internet
• Public Government Data
• Professional & Academic Publications
• Commercial
• Others


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


by End-User
• Government Intelligence Agencies
• Military & Defense Intelligence Agencies
• Cyber Security Organizations
• Law Enforcement Agencies
• Financial Services
• Private Specialized Business
• Others



Open-Source Intelligence Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Open-Source Intelligence Market Key Players
• Google Inc.
• Dassault Systèmes
• Thales
• Nice systems
• Verint Systems
• Palantir Technologies, Inc.
• CybelAngel
• Intrinsec Security Inc.
• Sail Labs
• Alfresco Software, Inc.
• Digital Clues
• Expert System S.p.A.
• Maltego Technologies
• Octogence Tech Solutions Pvt. Ltd.
• OffSec Services Limited
• Recorded Future, Inc.
Frequently Asked Questions:
1] What segments are covered in Open-Source Intelligence Market report?
Ans. The segments covered in Open-Source Intelligence Market report are based on Source, Technique, and End-User.

2] Which region is expected to hold the highest share in the Open-Source Intelligence Market?
Ans. North America is expected to hold the highest share in the Open-Source Intelligence Market.

3] Who are the top key players in the Open-Source Intelligence Market?
Ans. Google Inc., Dassault Systèmes, Thales, Nice systems, Verint Systems, and Palantir Technologies, Inc.are the top key players in the Open-Source Intelligence Market.

4] Which segment holds the largest market share in the Open-Source Intelligence market by 2029?
Ans. Social Media Analytics segment hold the largest market share in the Open-Source Intelligence market by 2029.

5] What is the market size of the Open-Source Intelligence market by 2029?
Ans. The market size of the Open-Source Intelligence market is US $56.95 Bn. by 2029.

6] What was the market size of the Open-Source Intelligence market in 2021?
Ans. The market size of the Open-Source Intelligence market was worth US $ 9.74 Bn. in 2021.