Open-Source Intelligence Market Report Covers Opportunities, Industry CAGR, Demand, Development Factors and forecast to 2031
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From 2018 to 2028, the market for open-source intelligence is anticipated to expand at a CAGR of 17.9% and reach a value of USD 10,858.24 billion. The rise of big data and the spread of digital technologies, which are giving organisations new options to acquire and analyse data, are what's causing the surge in demand for OSINT.
Organizations are using OSINT to monitor geopolitical events, foresee future risks, and better understand their consumers and competitors. This need has been further fueled by the fact that OSINT is an appealing alternative for organisations seeking quick access to information because it uses a lot less time and resources than traditional intelligence collection methods.
By source, the Internet sector is predicted to have the most significant market share by 2028. This is largely because social media analytics and open-source intelligence tools are being used more frequently to conclude the massive amounts of data that are made available online. Investments are being made in technologies like machine learning, artificial intelligence, and natural language processing to enable organisations to extract valuable information from unstructured data as a result of the rising need for OSINT solutions. The OSINT industry is also anticipated to be driven by rising cyber threat awareness and rising government demand for the information collecting.
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Due to the rising demand for cyber security solutions from both government organisations and commercial firms, the Cyber Security Organization segment by the end user is anticipated to expand significantly over the forecast period. Additionally, market growth is anticipated to benefit from the development of cyber threats and the deployment of OSINT solutions by the defence and intelligence sectors.
Owing to rising digitalization investments, the presence of well-established and rapidly expanding economies like China and India, as well as the growing adoption of OSINT solutions by the region's government and defence organisations, the Asia Pacific OSINT market is anticipated to expand significantly during the forecast period. Furthermore, the Asia Pacific OSINT market is anticipated to increase as a result of an increasing need for sophisticated cybersecurity solutions across numerous industrial verticals.
Kimono Labs, an open-source intelligence platform, was purchased by US-based big data analytics company Palantir Technologies in March 2022. The company's open-source intelligence capabilities will be strengthened by this acquisition, allowing Palantir to provide more complete solutions and goods. Microsoft announced its collaboration with D3 Security, a cybersecurity firm that specialises in open-source intelligence, in June 2022. To improve its open-source intelligence capabilities and provide clients with more cutting-edge tools and technologies to help them protect their data, IBM launched its Open Source Intelligence Platform in August 2022.
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