Press release
Open Source Intelligence Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033
The open source intelligence market size has grown exponentially in recent years. It will grow from $12.2 billion in 2023 to $15.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to proliferation of online information, advances in web scraping and crawling technologies, increased cyber threats and cybersecurity concerns, rising importance of social media data, globalization and interconnectedness of information.The open source intelligence market size is expected to see exponential growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 25.9%. The growth in the forecast period can be attributed to growing emphasis on threat intelligence, integration of artificial intelligence in osint, expansion of dark web monitoring, increased adoption in corporate risk management, collaboration between public and private sectors. Major trends in the forecast period include real-time osint analysis, geospatial intelligence and mapping, focus on deep and dark web monitoring, enhanced automation and machine learning in osint, integration with cybersecurity platforms.
Market Overview -
Open-source intelligence (OSINT) refers to the process of identifying, collecting, processing, evaluating, and reporting information gathered from public sources such as broadcast TV and radio, social media, and websites for intelligence purposes. Open source intelligence is used to detect potential network flaws, vulnerabilities, and external attacks.
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Evolving Social Media-Driven Frauds Propel The Open-Source Intelligence Market
The increasing prevalence of fraud carried out through social media is expected to drive the open-source intelligence market. Social media is internet-based communication that allows people to converse, share their information, and produce web content. Open-source data helps in identifying cyber danger indicators through social media, such as fraudulent domains or bogus social media accounts, which could be exploited to launch an attack. For instance, according to the Federal Trade Commission, a US-based consumer protection body, in 2021, over $770 million in damages were attributed to fraud that was perpetrated on social media sites, according to roughly 95,000 people. Of all recorded fraud-related losses, these losses make up around 25%. Therefore, the increasing prevalence of fraud carried out through social media is driving open-source intelligence market growth.
Competitive Landscape -
Major companies operating in the open source intelligence market report are Expert System S. p. A., Palantir Technologies Inc., Thales Group, Maltego Technologies GmbH, Sapphirenet S. r. l., Recorded Future Inc., DigitalStakeout Inc., Echosec Systems Ltd., BrightPlanet LLC, Geofeedia Inc., DataWalk Inc., Webhose. io Ltd., Hootsuite Media Inc., Media Sonar Technologies Inc., ZeroFOX Inc., Socialbakers a. s., Zignal Labs Inc., Babel Street Inc., MediaSift Ltd., Silobreaker Ltd., Skopenow Inc., Cobwebs Technologies Ltd., Social Sentinel Inc., Ontic Technologies Inc., Verint Systems Inc., Terbium Labs Inc., Cyveillance Inc., ThreatConnect Inc., SafeGraph Inc., Signal Media Limited, Dataiku Inc.
Technological Advancements Drive Growth In The Open-Source Intelligence Market
Technological advancements are the key trends gaining popularity in the open-source intelligence market. Major companies operating in the market are introducing new technologies, such as OSINT, which works on AI-powered open-source intelligence, to sustain their position in the market. In December 2021, Cobwebs, a US-based web intelligence provider, introduced OSINT, which helps to protect global communities and organizations from crime, threats, and cyber-attacks by providing seamless access to publicly available data. The help of AI-powered open-source intelligence helps to provide crucial information in an easily comprehensible way. Also, AI-based dark web surveillance technology joins the dots in a visual graph and provides actionable insights in the form of automated reports that can be utilized for both internal follow-ups by the organization and for law enforcement to act.
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Key Segments -
The open source intelligence market covered in this report is segmented -
1) By Source Type: Media, Internet, Public Government Data, Professional and Academic Publications, Commercial, Other Source Type
2) By Technique: Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, Other Technique
3) By End User: Government Intelligence Agencies, Military and Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Financial Services, Private Specialized Business, Other End User
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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