Market Research Future Insights
According to market research future insights analysis, the global open source intelligence market is expected to register a CAGR of 20.6% from 2020 to 2030 and hold a value of over USD 32.86 billion by 2030.
The expanding usage of the service by government intelligence, military intelligence, and defense intelligence agencies to increase the organizations’ operational efficacy fuels the global open-source intelligence market. Any government or military intelligence agency needs data and information because it can be transformed into actionable intelligence knowledge that can stop crimes, fraud, corruption, and terrorism. The desire for data collection from publicly accessible sources to obtain crucial business insights will drive the industry’s growth. With the help of OSINT, companies can better understand their rivals’ tactics and conduct countermeasures to increase their market share and appeal to a wider spectrum of customers. The demand for cloud-based OSINT among SMEs and the increased adoption of open-source intelligence solutions across numerous companies are driving the growth of the open-source intelligence market.
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Regional Analysis
North America dominated the market for open-source-intelligence-market in 2021. Due to the rise in the use of open-source intelligence across several organizations in the United States and Canada. This can be ascribed to the government’s increased efforts to strengthen risk management, knowledge management, and cybercrime prevention to deter crimes like fraud, corruption, and terrorism, among others, and consequently fuel market expansion.
Asia Pacific region is projected to register lucrative growth in the market for the open-source intelligence market. The area is recognized as one of the top marketplaces for open-source information due to the use of OSINT by various cybersecurity enterprises and military and defense intelligence. The large businesses in this area focus on finding and implementing solutions that will enable their business to use advanced data preparation and cleaning techniques.
Open Source Intelligence Market Segmentation
The global open source intelligence market has been divided into sourcetype, application, and end user.
Based on source type, the market has been segmented into media, internet, public government data, professional and academic publications, commercial, and others. The media segment accounted for a huge share of the market in 2021. To communicate with its audience successfully, the media is crucial. Examples of this kind of data source include print media, news media, photography, film, broadcasting, digital media, advertising, and social media. Print media includes newspapers, periodicals, billboards, posters, hoardings, and flyers.
Based on techniques, the market has been segmented into text analytics, video analytics, social analytics, geospatial analytics, security analytics, and others. Besides, the security analytics category holds a significant market share in 2021 and is projected to expand at a sizeable rate throughout the forecast period. The need for open-source intelligence to combat crimes, including terrorism, drug trafficking, criminality, money laundering, corruption, human trafficking, and cybersecurity, is responsible for the segment’s expansion. Additionally, the market for social media analytics will rise significantly due to the rising number of social media users. The proliferation of open-source information is anticipated to be exploited by the surge in social media fraud to improve risk management and hasten market growth.
Based on end-user users, the market has been segmented into government intelligence agencies, military defense intelligence agencies, cybersecurity organizations, law enforcement agencies, financial services, private specialized businesses, and others. The government intelligence agencies segment accounted for the largest revenue share in the market in 2021. The expanding usage of the service by government intelligence, military intelligence, and defense intelligence agencies to increase the organizations’ operational efficacy fuels the global open-source intelligence market.
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Open Source Intelligence Industry Key Players
Some Of The Key Market Players 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.
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