Open-Source Intelligence Market 2028 Comprehensive Analysis By Top Key Players Are Alfresco Software Limited, Digital Clues, Expert System S.p.A., Google, Maltego Technologies, IPS S.p.A., Palantir Technologies, Recorded Future

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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Global Open-Source Intelligence Market Insight:

The global open-source intelligence market is segmented on the basis of technique, end user, and geography. Based on technique, the market is segmented into text analytics, video analytics, social media analytics, geospatial analytics, security analytics, and others. Based on end user, the open-source intelligence market is segmented into government intelligence agencies, military and defense intelligence agencies, cyber security organizations, law enforcement agencies, private specialized business, financial services, and others. Geographically, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, India, Japan, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

The unprecedented rise in the number of COVID-19 cases in the US and the subsequent lockdown to control the spread of the virus across the country in the first two quarters of 2020 have led to a standby situation in businesses. Technological investments experienced a dip in 2020 owing to the above-mentioned reasons, thereby impacting the growth of the open-source intelligence market. In addition, the sudden lockdown has impacted the way businesses work, which is propelling the adoption of digital platforms for carrying out business operations remotely. The region's abrupt operational shifts because of the pandemic, stay-at-home orders, and the need to swiftly turn operations remote resulted in high expenses and increased difficulties in containing a security incident after it had occurred has contributed to the increase in data breaching cost. Thus, to avoid such hefty cost, organizations are rapidly adopting solutions to secure all data on their private and public servers. This adoption is creating new opportunities for the open-source intelligence market.

The Key Players In The Global Market Are: Alfresco Software Limited, Digital Clues, Expert System S.p.A., Google, Maltego Technologies, IPS S.p.A., Palantir Technologies, Recorded Future, Thales Group, Siemens

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.

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.

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The report segments the global Market as follows:

By Technique (Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, and Others) and

By End-User (Government Intelligence Agencies, Military and Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Private Specialized Business, Financial Services, and Others)

End-User-Based Market Insights

Based on end-user, the open-source intelligence market is segmented into government intelligence agencies, military and defense intelligence agencies, cyber security organizations, law enforcement agencies, private specialized business, financial services, and others. In 2020, the cyber security organizations segment led the market and accounted for the largest market share.

The players operating in the open-source intelligence market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In July 2021, Expert.ai, a premier artificial intelligence (AI) platform for natural language understanding, announced that it has been named to the KMWorld AI 50: The Companies Empowering Intelligent Knowledge Management.

In May 2021, Palantir Technologies Inc. confirmed that it will provide software to the Department of the Air Force (DAF), Space and Missile Systems Center's Cross-Mission Ground & Communications Enterprise (SMC/ECX), and NORAD-NORTHCOM to support the United States Space Force and United States Air Force's critical missions.

Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Open-Source Intelligence Market.
• Key market trends cracking up the growth of the Open-Source Intelligence Market
• Challenges to market growth.
• Key vendors of Open-Source Intelligence 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 region

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