PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1223629
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1223629
Open-Source Intelligence Market is anticipated to grow substantially through 2032 owing to its budding use in national security, law enforcement, and business intelligence functions. Furthermore, an increasing accessibility and availability of government databases and personal and corporate data to intelligence organizations has resulted in huge demand for OSINT investments to classify unstructured data.
Besides, the rising inclination towards advanced big data processing and data analytics for structured and unstructured data across large enterprises will drive the market demand. Big data innovation provides the business with a limitless array of features that deal with insights and forecasting to maximize efficiency and save costs. A research by the International Data Corporation predicts that by 2025, the amount of data generated globally will exceed 163 zettabytes.
Overall, the open-source intelligence industry is segmented in terms of security, technology, application, and region.
Based on security, the human intelligence segment held over 15% market share in 2022, and the demand for the same is slated to grow considerably through 2032. Extensive emphasis on data collection from human sources will positively impact growth.
By technology, the big data software segment is slated to demonstrate sturdy growth during 2032. The segmental growth will be due to rising adoption of big data software by SMEs for offering enhanced security to customer identity, crucial assets, and information on suppliers & third parties. Besides, numerous big giants are leveraging the latest technologies, such as AI and Big Data, to enhance their business operations by investing in startups. Reliable estimates cite that more than 97% of businesses are investing in AI and big data. Moreover, companies that leverage big data solutions have witnessed an increase in profits by an average of 8%.
In terms of application, the private sector application segment is slated to hold over 15% market share by 2032 end. Increasing cases of cyberattacks on the private sector will drive the adoption of OSINT solutions among private organizations. The average cost of data breach in 2021 was more than USD 4 million.
Regionally, the Europe open-source intelligence industry is anticipated to hold over 20% market share by 2032. Increasing adoption of security intelligence solutions from regional public & private enterprises and constant innovation in digitization will drive the OSINT market growth in Europe. In addition, the constantly evolving deployment of OSINT solutions at local law enforcement agencies for safeguarding citizens against abuse, identity theft, fraud, and others will escalate the market demand in the ensuing years.