The open-source intelligence industry continues to expand thanks to the widespread availability of data and increased adoption by businesses and SMEs. The Open-Source Intelligence (OSINT) Market was worth $7.22 billion in 2022 and is projected to reach $36.93 billion by 2030, with a yearly growth rate of 22.63% from 2023 to 2030. This remarkable growth can be attributed to the easy accessibility of personal information, business content, and government databases, coupled with the rising demand for cloud-based OSINT solutions among Small and Medium-sized Enterprises (SMEs).
Open-source intelligence, or OSINT, is the process of collecting information from various publicly available sources, such as the Internet, radio, broadcast TV, and social media. Unlike traditional data collection methods, OSINT is cost-effective and allows users to manage multiple sources while providing real-time analysis of information.
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Key Players Included in this Report are:
- Digital Clues
- Alfresco Software Inc
- Octogence Tech Solutions Pvt. Ltd.
- Palantir Technologies Inc
- Recorded Future Inc
- Google Llc
- Maltego Technologies Gmbh
- Offsec Services Limited
- Expert System S.P.A.
- Thales Group
- Others
Key Growth Drivers in the Open-source Intelligence (OSINT) Market
The OSINT market is experiencing significant growth, driven by increased investments in OSINT products by various enterprises. In today's competitive landscape, businesses are turning to OSINT to optimize their expansion strategies and enhance operational efficiency. As companies increasingly rely on insights for decision-making, this trend is expected to create lucrative opportunities for market expansion.
Open-source Intelligence (OSINT) Market Segmental Analysis
By Technique
The security analytics segment is expected to capture a substantial market share during the forecast period. Security analytics offer various benefits, including the reduction of network traffic, real-time threat detection, and monitoring of suspicious activities within organizations. The video analytics segment is anticipated to grow at the highest rate, driven by the demand for enhanced video surveillance in the automotive industry and increased investments in video analytics by SMEs.
Based on the Source
The global OSINT market can be divided into various sources, including media, the internet, public and government, professional and academic publications, commercial sources, and others. The media segment is the most significant contributor to the market and is expected to grow With Rapid CAGR during the forecast period. Media sources play a crucial role in providing relevant and customized data for OSINT users. The increased data production from social media platforms.
Market Segmentation and Sub-Segmentation Included are:
On The Basis of Source Type
- Media
- Internet
- Public Government Data
- Professional & Academic Publications
- Commercial
- Others
On The Basis of Technique
- Text Analytics
- Video Analytics
- Social Media Analytics
- Geospatial Analytics
- Security Analytics
- Others
On The Basis of End-User
- Government Intelligence Agencies
- Military & Defense Intelligence Agencies
- Cyber Security Organizations
- Law Enforcement Agencies
- Financial Services
- Private Specialized Business
- Others
Regional Analysis
North America currently dominates the OSINT market, with the United States and Canada being significant contributors to this growth. This dominance is expected to continue through the forecast period. The surge in the use of OSINT technology by various organizations, including government, intelligence, homeland security, military forces, and specialized public and private companies, has been a key driver for North America's leadership.
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Key Takeaways
The market is poised for substantial growth, with emerging trends such as social media analytics offering new opportunities. OSINT is gaining importance among organizations for monitoring mentions of their brand names and staying ahead of online slander.
Recent Developments
- In August 2022, Social Links partnered with Denver-based DarkOwl, a darknet data specialist, providing advanced, real-time data access for OSINT users.
- In 2021, Palantir expanded its partnership with IBM to offer clients integration of Palantir's Foundry platform with IBM's Cloud Pak for Data, enhancing data integration and analytics capabilities.
- In the same year, Recorded Future was acquired by Insight Partners for USD 780 million, further accelerating growth in the threat intelligence market.
- The OSINT market is on a trajectory of remarkable growth, and these developments illustrate the ongoing expansion and innovation within the industry. As businesses and organizations continue to recognize the value of open-source intelligence, the future looks promising for the OSINT market.
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