Home > Sustainable & Smart Technologies > Open-Source Intelligence (OSINT) Market
Open-Source Intelligence (OSINT) Market size exceeded USD 5 billion in 2020 and is poised to register gains at over 25% CAGR between 2021 and 2027. Increasing demand for data gathering from publicly available sources for gaining crucial business insights will drive the industry growth. OSINT enables organizations to gain a better understanding of strategies adopted by rival firms and take countermeasures to expand market presence across a diverse clientele. Cyber intelligence has also become a key industry enabler for security agencies to track the digital footprints of criminals to curb terrorism, industrial espionage, and cyberthreats against national security.
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The OSINT industry has received a strong impetus amid the ongoing COVID-19 pandemic. Market acceleration in the OSINT space has been substantial as R&D focus has shifted to a global analysis of publicly available information. OSINT tools are being rapidly deployed to detect patterns from which conclusions can be drawn for quick decision-making. The surge in fake news, spike in the use of social media platforms, and previously unknown methods of cyber-attacks amid the ongoing pandemic have brought intelligence gathering market to the fore.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | USD 5 Billion |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 25% |
2027 Value Projection: | USD 20 Billion |
Historical Data for: | 2016 to 2019 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 303 |
Segments covered: | Security, Technology, Application and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The increasing traction of enterprises toward protection of digital assets has emerged as the major driving force behind OSINT market demand. With the proliferation of BYOD, businesses are pressurized to gather and analyze digital data for enhanced intelligence and maintaining market competitiveness. OSINT assists such enterprises in understanding the potential threats through openly available information and improving their protection measures for enhanced business continuity.
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In Germany, the data analytics segment generated around USD 42.66 million in revenue in 2020. Data analytics of openly available data has emerged as the major technology to cleanse, organize, and analyze the vast volumes of data. Data analytics ensures that enterprises deploy crucial resources for the mining and extraction of only relevant data, and incomprehensible masses of unfruitful data are ignored. German security agencies have actively deployed quantitative modelling of unclassified data through AI to improve national security intelligence.
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The Japan text analytics market revenue accounted for more than USD 28.57 million in 2020 due to the rising adoption of business intelligence tools by enterprises to gain efficiency in business processes. Text analytics helps companies with analyzing unstructured data through integrated BI tools. It also complements the capabilities of BI tools to gain in-depth insights from the earlier discarded textual data. An upsurge in large volumes of unstructured data is enabling enterprises to adopt text analytics solutions along with BI software.
Enterprises offering text analytics-based OSINT solutions are boosting market competitiveness through add-on services, such as speech-to-text API and optical character recognition API in real time, complementing the results obtained from text analytics.
The military and defense segment in South Korea is set to attain a market share of above 25% by 2027. The increasing adoption of OSINT solutions in the country’s armed forces is impelled by the growing need to leverage AI and big data capabilities for gathering security intelligence. The optimization of combat intelligence, identification of right tactical warfare strategies, and the maximum utilization of military resources can be effectively carried out by leveraging the open source data along with classified information.
As per the February 2020 press release by South Korean Defense Ministry, the country announced its plans to showcase AI-enabled military technologies in the Defense Expo 2020 held in India. With plans to infuse AI technologies into military intelligence being the highlight of the expo, OSINT technologies offered by South Korea were the main attraction for majority of the clientele.
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Asia Pacific OSINT market is expected to register significant growth with over 28% CAGR through 2027. The regional industry is characterized by increasing investments in cyber security, web intelligence, and big data analytics by large corporates for gaining market leverage. For instance, in Q3 2020, the Chinese AI industry witnessed a 63% quarter-on-quarter rise in AI-based funding. OSINT technologies, such as NLP, computer vision, and speech intelligence, raised about USD 6 billion in China between 2016-2020 across 163 funding rounds, which has strongly propelled the market expansion.
The global OSINT market remains moderately fragmented with technology giants, such as Thales Group, Dassault Systems, NICE Ltd., and Verint Systems, holding a major chunk of the market. Prominent players operating in the market are placing an ever-growing emphasis on delivering advanced OSINT solutions that can cater to the changing threat dynamics, especially during the pandemic. For instance, in January 20201, Palantir Technologies launched the Real Data Platform for Security, Health, and Wellbeing (RDP) in Japan. The platform is aimed to improve healthcare in Japan, streamline supply chains across industries, and increase security and resilience.
Another major market development included the release of a targeted mass data collection tool by Fivecast, an Australian SME, in November 2020, which can gather structured and unstructured data across open source platforms including texts, images, and videos. The OSINT market has also witnessed several strategic alliances between key players to launch new products with added functionalities and to maintain revenue share & profitability such as the collaboration of Thales with Fivecast to improve on Fivecast’s product capabilities.
Some of the key OSINT market players are Context Information Security Limited, CYBELANGEL S.A.S, Dassault Systems SE, Dataiku Inc., Digimind S.A., Expert System S.p.A, INTELLEXIA Srls, Intrinsec Security, Inc., IPS S.p.A., KB Crawl SAS, Maltego Technologies GmbH, NetSentries Technologies FZCO, NICE Limited, Octogence Tech Solutions Pvt. Ltd., Palantir Technologies, Inc., Recorded Future Inc., SAIL LABS Technology GmbH (HENSOLDT), Social Links Software BV, Thales S.A., and Verint Systems, Inc.
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