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2020
Open Source Intelligence Market

Open Source Intelligence Market

by Source (Media, Internet, Public Government Data, Professional & Academic Publications, Commercial, and Others), Technique (Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, and Others), and End User (Government Intelligence Agencies, Military & Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Financial Services, Private Specialized Business, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027
Update Available On-Demand

Report Code: A05635
Pages: 268
May 2020 | 9443 Views
Author(s) : Pramod B, Shadaab K
Tables: 121
Charts: 58
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Open Source Intelligence Market Statistics: 2027

The global open source intelligence market size was valued at $5.02 billion in 2018 and is projected to reach $29.19 billion by 2026, growing at a CAGR of 24.7% from 2020 to 2027. The key objective of open source intelligence tool is to clean, rearrange, and enhance the available raw data into the desired format to enable informed & better decision-making in less time.  The open source intelligence technology has transformed the process, changing tedious, time-consuming attempts to master various data sources. Numerous advantages provided by open source intelligence include structuring of huge amount of data and to easily process large volume of data. 

Increase in adoption of open source intelligence tools among various organizations and surge in demand for cloud-based OSINT among SMEs drives the growth of the market. In addition, increase in need of OSINT by various industries to gain insights for business planning fuels the growth of the open source intelligence market. However, lack of awareness about OSINT and concerns related to data quality issues hampers the growth of the market. Furthermore, emerging trends such as social media analytics is expected to present major opportunities for the expansion of the market in future.

Open-Source-Intelligence--Market-2020-2027

The security analytics segment is expected to garner a significant share during the forecast period. Numerous benefits provided by security analytics such as reducing network traffic, providing real-time indication of external threats, detection & prevention of inside threats and monitoring of suspicious activity in the organization fuels the growth of the market. However, the video analytics segment is expected to grow at the
highest rate during the forecast period, owing to surge in demand for enhanced video surveillance in automotive industry and rise in investment by SMEs nation in video analytics.  

Region wise, the open source intelligence market was dominated by North America in 2019 and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include rise in adoption of open source intelligence tools by various government and non-government organizations to gain business insights. However, Asia-Pacific is expected to witness significant
growth rate during the forecast period, owing to surge in adoption of OSINT in banking & insurance industry in developing nation of Asia-Pacific.

Open Source Intelligence Market
By Source

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Media is projected as one of the most lucrative segments.

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The report focuses on the growth prospects, restraints, and trends of the global open source intelligence market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global open source intelligence market.

Open Source Intelligence Market
By Technique

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Security analytics is projected as one of the most lucrative segments.

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Segment review

The open source intelligence market is segmented on the basis of source, technique, end user, and region. As per source, the market is segmented into media, internet, public government data, professional & academic publications, commercial, and others. By technique, it is divided into text analytics, video analytics, social media analytics, geospatial analytics, security analytics, and others. As per end user, it is classified into government intelligence agencies, military & defense intelligence agencies, cybersecurity organizations, law enforcement agencies, financial services, private specialized business, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Open Source Intelligence Market
By End User

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Cyber Security Organization is projected as one of the most lucrative segments.

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The key players profiled in the open source intelligence market analysis are Alfresco Software Inc., Digital Clues, Expert Systems S.p.A, Google LLC, Maltego Technologies GmbH, OffSec Service Limited, Octogence Technologies Pvt. Ltd., Palantir Technologies Inc., Recorded Future, Inc., and Thales Group. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. 

Top impacting factors

Emerging trends such as social media analytics

Open source intelligence tools are in high demand as organizations seek to use information assets to improve customer relationships, business outcomes, and operational efficiency. Although it has become more challenging to keep up with the changing demands and expectations of a growing OSINT users. However, emerging trends in OSINT such as social media analytics and text analytics are anticipated to create numerous opportunities for the open source intelligence market. Furthermore, many organizations have targeted social media as their key source for various advertising campaigns, promotions of different products and events as it is more effective than traditional way of advertising. In addition, rise in use of mobile phones and tablets with access to the internet coupled with ever-growing user volume on social media platforms fuels the growth of social media analytics, which in turn provides lucrative opportunity for the market.

Open Source Intelligence Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 26.2% during 2020-2027.

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Increase in adoption of OSINT among multiple organizations

Increase in investments in open source intelligence tools among large number of organizations to drive revenue growth and improve service efficiencies fuels the adoption of OSINT. Moreover, senior executives of many organizations are increasingly adopting different styles of analytics to resolve their business imperatives due to emerging importance of big data analytics in many regions, which boosts the open source intelligence market growth. For instance, according to a survey conducted by Forbes in North America in 2017, 53% organizations in the U.S. and Canada are using OSINT and big data analytics for improving their service efficiencies and increasing their revenue growth. Moreover, organizations are adopting open source intelligence for improving customer experience and increasing the efficiency of the organization; thus, providing a lucrative opportunity for the growth of the market.

Key Benefits for Stakeholders 

  • The study provides an in-depth analysis of the global open source intelligence market forecast along with the current & future trends to elucidate the imminent investment pockets.

  • Information about key drivers, restraints, and opportunities and their impact analysis on the global open source intelligence market size is provided in the report.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.

  • The quantitative analysis of the market from 2019 to 2027 is provided to determine the market potential.

Open Source Intelligence Market Report Highlights

Aspects Details
By Source Type
  • 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
By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Spain, Russia, Nordic Countries, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East & Africa, Rest of LAMEA)
Key Market Players 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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    The adoption of OSINT has increased over the time to boost the decision-making capability of the organizations and improve the business insights of the company. In addition, the ability of the open source intelligence to provide different opportunities for business and gain new insights to run the business efficiently is increasing its popularity among the end users. Furthermore, many cyber security organizations and financial industries are investing in open source intelligence to increase security and reduce compliances issues in the organization.

According to the CXOs of the leading companies, increase in economic strength of developing nations such as China, India, and others is expected to provide lucrative opportunities for the market growth. North America is expected to dominate the market during the forecast period. Moreover, the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the forecast period. The global players are focusing toward product development and increasing their geographical presence, owing to growing competition among local vendors in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market.

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