Open Source Intelligence Market Research Report | Industry Size USD 29.194 Billion by 2026 at Growth Rate of 24.7%
Open Source Intelligence market is expanding as a result of an increase in demand from various industries for OSINT to obtain insights for business planning.
PORTLAND, PORTLAND, OR, UNITED STATES, March 24, 2023 /EINPresswire.com/ — The size of the global open source intelligence market was estimated to be worth $5.02 billion in 2018, and is expected to increase to $29.19 billion by 2026, rising at a CAGR of 24.7% from 2020 to 2027.
Open source intelligence (OSINT) tools assist in transforming raw data into a useful format so that it is better suited for sophisticated activities like machine learning and data analytics. Open source intelligence’s main objective is to assist companies in shortening the time spent gathering and organising data.
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Key drivers in Open Source Intelligence Market:
• Increasing volume of data: The growth of digital technologies has led to an explosion of data, including social media content, news articles, and other publicly available information. OSINT technologies can help organizations efficiently collect, process, and analyze this data, leading to increased demand for OSINT solutions.
• Need for threat intelligence: As cyber threats continue to grow in sophistication, organizations are increasingly turning to OSINT solutions to gather threat intelligence. OSINT can help identify potential threats and provide early warning of potential attacks, improving an organization’s cybersecurity posture.
• Regulatory compliance: Several industries, such as finance and healthcare, are subject to strict regulatory requirements. OSINT solutions can help these organizations monitor for potential violations and ensure compliance with regulations.
• Competitive intelligence: OSINT can also be used to gather intelligence on competitors, helping organizations to better understand their market and make informed business decisions.
• Advancements in technology: The development of advanced analytics and machine learning technologies has greatly improved the capabilities of OSINT solutions, leading to increased adoption and demand. These advancements have made it easier to collect and analyze data, and have improved the accuracy and relevance of OSINT insights.
• Cost-effective alternative: Compared to traditional intelligence gathering methods, such as hiring investigators or conducting physical surveillance, OSINT solutions are often more cost-effective. This has led to increased adoption by organizations looking to gather intelligence while minimizing costs.
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Latest Trends in Open Source Intelligence Market:
• Increased use of AI and machine learning: The use of AI and machine learning technologies is becoming increasingly common in OSINT solutions. These technologies can help to automate the analysis of large volumes of data and improve the accuracy and relevance of insights.
• Emphasis on real-time monitoring: As organizations seek to respond quickly to emerging threats, there is a growing emphasis on real-time monitoring of OSINT sources. This requires advanced analytics capabilities and the ability to process and analyze data in real-time.
• Focus on dark web monitoring: The dark web, which is a part of the internet that is not indexed by traditional search engines, is becoming an increasingly important area of focus for OSINT solutions. These solutions can help organizations to monitor the dark web for potential threats and identify cybercriminal activity.
• Increasing importance of social media monitoring: Social media platforms are a key source of OSINT data, and there is a growing emphasis on social media monitoring as a way to gather intelligence. This includes monitoring for mentions of an organization, tracking sentiment, and identifying potential threats.
• Integration with other security solutions: OSINT solutions are increasingly being integrated with other security solutions, such as threat intelligence platforms and security information and event management (SIEM) systems. This integration can help to improve the overall security posture of an organization and enhance the effectiveness of OSINT solutions.
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Open Source Intelligence Market Regional Outlook:
North America held the regional dominance in the open source intelligence market in 2019 and is anticipated to keep it throughout the forecast period. The demand for open source intelligence tools by businesses to gain important insights is a key driver driving the market’s expansion in this area. The adoption of open source intelligence tools by SMEs to improve organizational security, however, is likely to drive considerable growth rates over the projection period in Asia-Pacific.
The key players profiled in the open source intelligence market analysis are Alfresco Software Inc., Digital Clues, Expert Systems S.p.A, Google LLC, Maltego Technologies GmbH, OffSec Service Limited, Octogence Technologies Pvt. Ltd., Palantir Technologies Inc., Recorded Future, Inc., and Thales Group. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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