February 16, 2021
As cited by the business intelligence report titled ‘Global Open Source Intelligence (OSINT) Market Size study, 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) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global open source intelligence (OSINT) market accounted for USD 6.2 billion in 2019 and is predicted to grow with a CAGR of 24.5% during 2020-2027.
Factors such as the ability of OSINT to structure as well as process large volume of data, coupled with rising prevalence of ransomware attacks, cyber threats, terrorism, and other illegal practices are augmenting the expansion of global open source intelligence market size.
For the record, open-source intelligence, abbreviated as OSINT, refers to a methodology used for collecting, rearranging, and improving raw data derived from an open source for better decision making as well as achieving time-efficiency.
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The report states that ongoing technological advancements, strategic alliances by industry players, and increasing availability of open-source public data are further stimulating the overall market outlook.
Additionally, growing concerns regarding risks associated with operational technology (OT) security and implementation of remote working policy followed by high levels of stress on networking technologies amid the Covid-19 pandemic are positively swaying the global open source intelligence market dynamics. However, high initial investment, lack of expertise in analytics, and uncertainty regarding data quality issues are major restraining factors for the business development.
Regionally, North America reflects a majority of the global open source intelligence market share currently, owing to high concentration of prominent manufacturers in the region, and rising adoption of cybersecurity platforms and devices.
On the other hand, Asia-Pacific open source intelligence market is slated to expand with the highest CAGR over the forecast period.
Leading players which influence the industry trends include Digital Clues AG, Alfresco Software Inc., Thales Group, Expert Systems S.p.A., Maltego Technologies GmbH, Google LLC, Offensive Security Services LLC, Palantir Technologies Inc., Octogence Technologies Pvt. Ltd., and Recorded Future Inc. among others.