Open-Source Intelligence Market Projected to Register 17.9% CAGR to 2028
The open-source intelligence market was valued at Euro 3,422.74 million in 2021 and is projected to reach Euro 10,858.24 million by 2028; it is expected to grow at a CAGR of 17.9% from 2021 to 2028.
Artificial Intelligence (AI) is becoming increasingly important for security purposes across all industries. AI web intelligence improves the efficiency of automated web investigations in the context of criminal investigations. Therefore, it is employed for decision-making. Overall, AI-powered OSINT tools, such as SOCMINT technologies, assist agencies and organizations in swiftly and efficiently making sense of enormous amounts of publicly available internet and social media data from a variety of OSINT sources. Due to the risk of exposure, deep and dark web surveillance is one of the most difficult cybercrime challenges for law enforcement. In criminal investigations, OSINT and social media intelligence (SOCMINT) enable web fingerprint reconstruction or facial identification, making them suitable forensic tools. These techniques enable investigators to acquire access to information that would otherwise be unavailable, allowing them to trace links between threat actors or groups that appear to be unrelated.
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Companies Profiled in this report includes: Alfresco Software, Inc., Digital Clues, Expert System S.p.A., Google LLC, Maltego Technologies, NetSentries Technologies FZCO, IPS S.p.A., Palantir Technologies, Recorded Future, Inc., Thales Group, Siemens AG
Impact of COVID-19 Pandemic on Open-source Intelligence Market
The COVID-19 pandemic has shaken several industries across the world. The lockdown hindered the operations of various industries, including manufacturing and IT. Every country across the world has declared a lockdown to prevent the spread of the novel coronavirus; therefore, internet penetration, social media consumption, and web portals use have all skyrocketed during the pandemic. After adopting work-from-home policies and following regulatory guidelines, businesses have seen a rise in harmful actions and cyber security concerns. By assisting and protecting consumers and company data, OSINT technology assists firms in detecting and mitigating potential cyber security threats. Furthermore, ONIST technologies and solutions assist the intelligence community in extracting intelligence from a massive amount of publicly available data and gathering data relevant to a potential national security threat. As a result, the COVID-19 outbreak has had a favorable impact on the open-source intelligence (OSINT) market growth.
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Open-Source Intelligence Market Insights
5.1.2 Rise in Government Initiatives to Protect Individuals' and Organizations' Data
Data security is vital for businesses and individuals. Government bodies across the world have been taking several initiatives since past few years to implement strict data protection regulations across their respective regions. For instance, the European government formed the General Data Protection Regulation in January 2012. It sets an advanced security analytics plan for all companies operating across Europe. Noncompliance with the EU GDPR might result in hefty fines of up to 4% of an organization's global revenue. Two significant components pf EU GDPR are the necessity to notify EU authorities within 72 hours of a breach and the requirement to be able to demonstrate that the organization's security policy is state-of-the-art (SOTA). The data protection law enforcement committee in Europe is trained to use open-source intelligence (OISNT) in their investigations for efficient results. The Australian government protects the data of various forms in the country by implementing several laws, such as the Australian Privacy Principles (APP), Cybercrime Act, Spam Act, and Telecommunication Act. This act regulates the collection, use, and disclosure of personal information; limits unlawful access to computers; and restricts phishing emails from crashing into personal and official systems across the country. Thus, the rising government initiatives to protect both personal and organizational data from theft are bolstering the adoption of open-source intelligence across government intelligence agencies, military & defense intelligence agencies, cybersecurity organizations, law enforcement agencies, and private specialized businesses across the world.
Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the "Open-Source Intelligence market" market.
Key market trends cracking up the growth of the "Open-Source Intelligence market" market.
Challenges to market growth.
Key vendors of "Open-Source Intelligence market" market.
Detailed SWOT analysis.
Opportunities and threats faces by the existing vendors in Global "Open-Source Intelligence" market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
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Contact Person: Sameer Joshi
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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