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Open-Source Intelligence Market size to exceed $60 bn by 2032
- Published Date: February 15, 2023
Open-Source Intelligence (OSINT) Market size is anticipated to surpass USD 60 billion by 2032, according to a new research report by Global Market Insights Inc.
Growing popularity of artificial intelligence (AI) technologies and its emerging application across the military and defense sector would impel the market growth. Digitalization in the defense sector has driven the deployment of AI-integrated systems and OSINT solutions to identify and track targets in extremely critical locations. The rise of information warfare will make OSINT a crucial tool for intelligence organizations that are dealing with national security.
Furthermore, the development of advanced weapons based on technologies like AI and machine learning could potentially drive the need for OSINT solutions by national security agencies. For instance, in 2021, Rafael Advanced Defense Systems unveiled its new Sea Breaker land and maritime-based long-range missile that combines AI and decision-making algorithms to create a 5th generation weapon system.
Generation of large volumes of business data
The open-source intelligence market from big data security segment is projected to hold 15% share by 2032. Factors like a rise in the number of cyberattacks, an increase in the amount of business data, and changes in regulatory compliance will contribute to the need for big data security solutions. According to statistics on cyberattacks, the average number of cyberattacks rose by 20% in 2022 compared to 2021. Due to the massive amounts of data involved across the IT and telecom sectors as well as in the military & defense domain, the requirement for big data security tools would intensify.
Browse key industry insights spread across 160 pages with 220 market data tables and 35 figures & charts from the report, “Open-Source Intelligence (OSINT) Market Size By Security (Human Intelligence, Content Intelligence, Big Data Security, AI Security, Data Analytics, Dark Web Analytics, Link/Network Analytics), By Technology (Big Data Software, Video Analytics, Text Analytics, Visualization Tools, Cybersecurity, Web Analysis, Social Media Analysis), By Application (National Security, Military & Defense, Private Sector, Public Sector), COVID-19 Impact Analysis, Growth Potential, Regional Outlook, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
Deployment of cybersecurity solutions to deter cybercrimes
The open-source intelligence market from the cybersecurity technology segment will record a CAGR of 22% from 2023 to 2032. The rise in cases of cybercrimes committed against businesses has driven widespread demand of cybersecurity solutions. As per IBM estimates, in 2022, cyberattacks costed an average of USD 4.54 million to businesses. In attempts to fight such crimes and reduce the number of attacks, companies are injecting huge investments in cybersecurity solutions.
Integration of OSINT technologies in military and defense applications
The OSINT market from military & defense application segment accounted for USD 1.5 billion revenue in 2022. The fast adoption of OSINT technology in the armed forces is being driven by the need to leverage AI and big data capabilities for gathering security intelligence. By merging open-source and classified data, military agencies can enhance combat intelligence, discover the finest tactical warfare approaches, and exploit military resources to their greatest potential.
The growing use of OSINT to identify source of military strikes and attacks would favor the market demand. Recently, in Ukraine, an OSINT group Molfar identified a Russian military unit allegedly responsible for the missile launch at Dnipro. Using the technology, the identification was made easy for the Ukrainian armed forces to create their action plan.
Large investments in big data across the APAC region
Asia Pacific open-source intelligence market is predicted to witness 25% CAGR between 2023 and 2032, as investments in online intelligence, big data analytics, and cyber security technology increase. The public and private sectors are demanding more OSINT solutions to enhance business security and lower the risks of fraud. According to the National Development and Reform Commission’s estimates, in 2022, China invested nearly USD 26 billion in big data projects. Such investments are expected to influence the market development.
Strategic collaborations between industry players
Major players involved in the open-source intelligence market include Alfresco (Hyland Software, Inc.), Cellebrite, Dassault Systems, Dataiku, Digimind (Onclusive), Expert.Ai, Maltego Technologies (Maxburg Capital Partners), Verint Systems, NICE Ltd., Palantir Technologies, Recorded Future Inc. (Insight Partners), and Thales. Strategic partnerships, collaborations, and mergers are some of the initiatives taken by these companies to boost the market presence.
For instance, in August 2022, Social Links collaborated with Denver-based DarkOwl, a startup that specializes in darknet data. Through this union, Social Links users will have access to DarkOwl's advanced data set, which is updated in almost real-time and contains information from darknets that need authenticated access.