PUBLISHER: The Business Research Company | PRODUCT CODE: 1392811
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392811
“Open Source Intelligence Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on open source intelligence market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for open source intelligence? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The open source intelligence market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Open-source intelligence (OSINT) involves the process of identifying, collecting, processing, evaluating, and reporting information obtained from public sources like broadcast TV and radio, social media platforms, and various websites for intelligence purposes. This type of intelligence is crucial for detecting potential network flaws, vulnerabilities, and external threats.
The primary source types in open-source intelligence include media, the internet, public government data, professional and academic publications, as well as commercial and other sources. Media encompasses communication channels used for disseminating information, including news, music, entertainment, education, and advertisements. The main techniques employed in OSINT are text analytics, video analytics, social media analytics, geospatial analytics, security analytics, and other related techniques. The major end-users of open-source intelligence are government intelligence agencies, military and defense intelligence agencies, cybersecurity organizations, law enforcement agencies, financial services, private specialized businesses, and other end-users.
The open source intelligence services market research report is one of a series of new reports from The Business Research Company that provides open source intelligence services market statistics, including open source intelligence services industry global market size, regional shares, competitors with an open source intelligence services market share, detailed open source intelligence services market segments, market trends and opportunities, and any further data you may need to thrive in the open source intelligence services industry. This open source intelligence services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The open source intelligence market size has grown exponentially in recent years. It will grow from $12. 2 billion in 2023 to $15. 15 billion in 2024 at a compound annual growth rate (CAGR) of 24. 2%. The growth observed in the historic period can be attributed to the proliferation of online information, advancements in web scraping and crawling technologies, increased cyber threats, and growing concerns about cybersecurity. Additionally, the rising importance of social media data and the trends of globalization and interconnectedness of information have also played a significant role in this growth.
The open source intelligence market size is expected to see exponential growth in the next few years. It will grow to $38. 07 billion in 2028 at a compound annual growth rate (CAGR) of 25. 9%. The anticipated growth in the forecast period can be attributed to the growing emphasis on threat intelligence, the integration of artificial intelligence in OSINT, the expansion of dark web monitoring, increased adoption in corporate risk management, and collaborative efforts between the public and private sectors. Key trends expected in the forecast period include real-time OSINT analysis, geospatial intelligence and mapping, a heightened focus on deep and dark web monitoring, enhanced automation, and machine learning in OSINT, as well as increased integration with cybersecurity platforms.
The anticipated growth of the open-source intelligence market is expected to be driven by the increasing occurrence of fraud conducted through social media. Social media, an internet-based communication platform, facilitates information sharing and content creation. Open-source intelligence aids in the identification of cybersecurity threats emanating from social media, including fraudulent domains and deceptive social media accounts that can be exploited for launching cyber attacks. In 2021, the Federal Trade Commission reported that over $770 million in damages resulted from fraud on social media sites, affecting approximately 95,000 individuals. These losses constituted approximately 25% of all recorded fraud-related losses, emphasizing the impact of fraud through social media on the open-source intelligence market.
The escalating volume of data is expected to further propel the growth of the open-source intelligence market. The increasing data volume refers to the continuous expansion of data generated, collected, and stored by organizations over time. OSINT tools play a crucial role in efficiently managing and analyzing the growing volume of open-source data, providing valuable insights and actionable information for organizations. According to a report by The Linux Foundation in December 2022, the average end-user organization witnessed a substantial growth in data volume, reaching 2,208 TB, a 215. 43% increase compared to the 700 TB recorded in 2021. Consequently, the surging data volume is a driving force for the open-source intelligence market.
Technological advancements represent a key trend gaining prominence in the open-source intelligence market. Major companies in the market are introducing innovative technologies, such as AI-powered open-source intelligence, to maintain their market position. In December 2021, Cobwebs, a web intelligence provider, unveiled OSINT, utilizing AI-powered open-source intelligence to protect global communities and organizations from crime, threats, and cyber-attacks. This technology aids in providing crucial information in a comprehensible manner, with AI-based dark web surveillance connecting dots in a visual graph and offering actionable insights through automated reports.
Major players in the market are actively engaged in developing innovative solutions, such as open-source intelligence analysis solutions, to gain a competitive edge and broaden their customer base. These solutions empower organizations to gather and analyze publicly available data for informed decision-making. For instance, in April 2023, Babel Street launched Babel Street Insights, an open-source intelligence analysis solution designed to help organizations uncover and interpret publicly available information efficiently. This user-friendly platform features a multi-language smart search, one-click activation for automated and persistent searches, and the ability to organize key findings into projects, ensuring immediate usability without extensive training.
In January 2021, Hensoldt, a German-based defense and security electronics provider, completed the acquisition of Sail Labs for an undisclosed amount. This strategic move aimed to establish a new product line based on the Sail Labs engine, leveraging artificial intelligence to analyze open-source intelligence data. Sail Labs, an Austria-based AI Open-Source Intelligence (OSINT) solutions provider, specializes in automatic speech recognition (ASR) and natural language processing (NLP) technologies.
Major companies operating in the in the open source intelligence market report are Expert System S. p. A., Palantir Technologies Inc., Thales Group, Maltego Technologies GmbH, Sapphirenet S. r. l., Recorded Future Inc., DigitalStakeout Inc., Echosec Systems Ltd., BrightPlanet LLC, Geofeedia Inc., DataWalk Inc., Webhose. io Ltd., Hootsuite Media Inc., Media Sonar Technologies Inc., ZeroFOX Inc., Socialbakers a. s., Zignal Labs Inc., Babel Street Inc., MediaSift Ltd., Silobreaker Ltd., Skopenow Inc., Cobwebs Technologies Ltd., Social Sentinel Inc., Ontic Technologies Inc., Verint Systems Inc., Terbium Labs Inc., Cyveillance Inc., ThreatConnect Inc., SafeGraph Inc., Signal Media Limited, Dataiku Inc.
North America was the largest region in the open source intelligence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open source intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the open source intelligence market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The open source intelligence market consists of revenues earned by entities by providing human intelligence and dark web analysis. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.