Open-Source Intelligence (OSINT) Market Size

Open-Source Intelligence Market Size

Open-Source Intelligence Market size crossed USD 5 billion in 2022 and is expected to record nearly 25% CAGR from 2023 to 2032.

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An increase in cases of cybercrimes, terrorism, and other related illicit activities will fuel the market demand. Cybercrimes, including phishing, hacking, online identity theft, and ransomware attacks, are spreading quickly and causing huge financial losses and business delays worldwide. According to data released by the National Police Agency, there were 230 ransomware attacks recorded in Japan in the year 2022, up 84 from the previous year. Hospitals, universities and small and large companies were among the key targets of ransomware attacks. As OSINT provides a strong cybersecurity solution and data protection, its adoption is set to increase across various businesses over the forecast period.

Limited skill sets and a lack of experienced individuals in the OSINT sector could hamper the market growth. The absence of complete knowledge related to the advantages of these solutions is another factor creating a gap between demand and supply. However, the rise of cybercrimes and regulatory compliance standards are making it important for enterprises and the public sector to embrace cutting-edge security solutions.