OSINT market size worth $20 Bn by 2027
Published Date: April 20, 2021 Authors: Preeti Wadhwani, Smriti Loomba
Open-Source Intelligence (OSINT) Market size is set to surpass USD 20 billion by 2027, according to a new research report by Global Market Insights, Inc.
Increasing demand for identifying enterprise-wide external threats and strengthening cybersecurity measures is likely to boost the OSINT market growth. The enterprise-wide focus on discovering relevant information outside the organization and supporting the business decision-making with actionable intelligence is expected to fuel the adoption of open-source intelligence solutions. The advanced capabilities including effective process prioritization, flexible accessibility, and robust security measures are contributing to the enterprise-wide adoption, enabling the market demand.
Rising emphasis on enhancing research and monitoring capabilities across security agencies
The OSINT market is projected to grow at 25% CAGR through 2027 on account of extensive adoption across public security organizations. The substantial increase in concerns related to public security has enabled authorities to tighten their security framework. In response, the agencies across geographies are leveraging open-source intelligence to strengthen their public infrastructure monitoring capabilities. Moreover, organizations are proactively monitoring the public activities across social networks including social media platforms, websites, etc., and are contributing to the market expansion.
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Growing emphasis on data collection from human sources is anticipated to drive the demand for human intelligence
The human intelligence segment is estimated to hold above 15% of the OSINT market share by 2027. Human intelligence majorly relies on verbal and non-verbal communications & interactions. This helps companies in contextualizing and extracting critical information from open source datasets. The public & private enterprises are required to analyze diverse information related to politics, economics, and defense. The need to ensure the security of this sensitive information and open-source intelligence is poised to contribute to the adoption across the market.
Browse key industry insights spread across 230 pages with 274 market data tables and 29 figures & charts from the report, “Open-Source Intelligence (OSINT) Market Size By Security (Human Intelligence, Content Intelligence, Dark Web Analytics, Link/Network Analytics, Data Analytics, Artificial Intelligence, Big Data Security), By Technology (Big Data Software, Video Analytics, Text Analytics, Visualization Tools, Cybersecurity, Web Analysis, Social Media Analysis), Application (Military & Defense, Private Sector, Public Sector, National Security), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Industry-wide focus on actionable business insights is enhancing the significance of big data software
The big data software segment is anticipated to witness exponential growth during 2021 to 2027. Big data software is majorly used by enterprises to collect and analyze complex datasets to extract meaningful information. As large volume of data is processed and available, the companies across multiple industry verticals are emphasizing on information outside organization. Enterprises are using big data software, such as theHarvester, Metagoofil, etc., to extract metadata from open source information. The growing demand from enterprises to identify public-facing assets and actionable insights through open-source intelligence is contributing to the industry growth.
The national security application segment to observe significant growth in the open-source intelligence market
The national security agencies proactively engage in producing open-source infrastructure information for critical infrastructure operators and owners. For instance, the Department of Homeland Security of the U.S. produce open source reports on critical infrastructure. The use of open-source intelligence solutions can help authorities to enhance the public security infrastructure. This can also help authorities in forming effective security frameworks.
Favorable government initiatives and training campaigns in Europe to support the market demand for open-source intelligence solutions
Europe open source intelligence market is set to account for above USD 5 billion by 2027 propelled by extensive training offered by public & private enterprises. The companies operating in the region are offering technology training in collaboration with government agencies. For instance, in February 2021, the EU Advisory Mission (EUAM) launched a training program for open-source intelligence technology. The authority focused on training managers engaged in Ukraine’s civilian security vertical. Similarly, other public agencies, such as SANS Technology Institute, the Council of Europe, etc., provide advanced technology training and contribute to the industry growth.
Focus on integrated platform development by key players to boost OSINT market share
The companies are emphasizing on advanced product developments to cater to enterprise demand. For instance, in February 2021, Media Sonar Technologies Inc., a web investigation and intelligence platform provider, unveiled Pathfinder 2.0, the latest iteration of its open-source intelligence and investigation platform. The newly launched platform provides 30X operational performance and assists enterprises in mitigating & reducing the risks. This launch helped the company to address enterprise-wide demand for in-depth business intelligence and strengthen its market position.
Some of the key players operating in the OSINT market include 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