August 11, 2020
According to the research report titled ‘Global Open Source Intelligence (OSINT) Market Size study, by Source (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) and Regional Forecasts 2020-2027‘, available with Market Study Report, global open source intelligence (OSINT) market was valued at USD 6.2 billion in 2019 and is expected to witness a y-o-y growth rate of 24.5% during 2020-2027.
Rising illegal practices, cyber threats, and terrorism along with availability of open-source public data are the factors expected to drive the growth of global open source intelligence (OSINT) market over forecast period.
Amidst the COVID-19 outbreak, the industry is projected to showcase sustainable growth despite the economic crisis. Implementation of remote working policy due to the lockdown and consequent pressure on remote networking technologies are triggering operational technology (OT) security threat concerns, in turn impelling open source intelligence market outlook. However, distress over data quality and lack of expertise with petty investments in analytics are the major factors restraining the market growth over 2020-2027.
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For those unaware, open source intelligence (OSINT) is an outcome of the data that is gathered from publicly available sources that can be utilized in intelligence context. The goal of OSINT tool is to modify and enhance the raw data in required format in order to enable better decision-making in less time.
Based on the source, global open source intelligence (OSINT) market is segmented into internet, commercial, public government data, media, professional & academic publications, and others. With regards to the technique, the industry is bifurcated into security analytics, geospatial analytics, video analytics, social media analytics, text analytics, and others.
Speaking of end-user spectrum, the industry is classified into military & defense intelligence agencies, government intelligence agencies, cyber security organizations, financial services, law enforcement agencies, private specialized business. and others.
With respect to regional overview, global open source intelligence (OSINT) market is segmented into Asia Pacific, North America, Europe, Latin America, and rest of the world. North America market is slated to display impressive growth trends through 2027, owing to widespread adoption of cybersecurity platforms and devices, alongside presence of many manufacturers in the region.
Major companies operating in global open source intelligence (OSINT) market include Octogence Technologies Pvt. Ltd., Recorded Future Inc., OffSec Services Limited, Digital Clues, Google LLC, Alfresco Software Inc., Maltego Technologies GmbH, Palantir Technologies Inc., Thales Group, and Expert Systems S.p.A.