Open-Source Intelligence (OSINT) Market Size By Security (Human Intelligence, Content Intelligence, Big Data Security, AI Security, Data Analytics, Dark Web Analytics, Link/Network Analytics), By Technology, Application & Forecast, 2023-2032
Report ID: GMI5037
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Published Date: February 2023
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Report Format: PDF
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Base Year: 2022
Companies covered: 17
Tables & Figures: 255
Countries covered: 22
Pages: 160
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Open-Source Intelligence (OSINT) Market
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Open-Source Intelligence Market Size
Open-Source Intelligence Market size crossed USD 5 billion in 2022 and is expected to record nearly 25% CAGR from 2023 to 2032.
An increase in cases of cybercrimes, terrorism, and other related illicit activities will fuel the market demand. Cybercrimes, including phishing, hacking, online identity theft, and ransomware attacks, are spreading quickly and causing huge financial losses and business delays worldwide. According to data released by the National Police Agency, there were 230 ransomware attacks recorded in Japan in the year 2022, up 84 from the previous year. Hospitals, universities and small and large companies were among the key targets of ransomware attacks. As OSINT provides a strong cybersecurity solution and data protection, its adoption is set to increase across various businesses over the forecast period.
Limited skill sets and a lack of experienced individuals in the OSINT sector could hamper the market growth. The absence of complete knowledge related to the advantages of these solutions is another factor creating a gap between demand and supply. However, the rise of cybercrimes and regulatory compliance standards are making it important for enterprises and the public sector to embrace cutting-edge security solutions.
Open-Source Intelligence Market Analysis
The open-source intelligence market share from the video analytics segment is predicted to witness over 25% CAGR through 2032, owing to the increasing demand for precise and high-precision video analytics solutions among businesses. Companies can utilize these solutions to meet their strategic objectives of creating cutting-edge artificial intelligence technologies like facial recognition as well as developing self-driving cars and robotic solutions. The rising demand for robotic automation will elevate the deployment of video analytics technology in the industrial sector. A report by the International Federation of Robotics (IFR) stated that nearly 3400 units of robots were installed in the U.S. across the food and beverage sector.
The open-source intelligence market size from the dark web analysis segment is projected to observe more than 5% CAGR during the forecast period. Dark web analysis is gaining demand as it comes about as a cost-effective and high security offering tool. To meet consumer needs, businesses in the market are introducing new, cutting-edge dark web analysis solutions. For instance, in November 2021, NICE Actimize introduced its IFM-X Dark Web Intelligence product, offering thorough, multilingual coverage of malware networks, underground fraudster infrastructure, and the Dark and Deep Web. The technology helped financial service firms to overcome numerous difficulties while identifying dynamic fraud and account takeover threats.
The open-source intelligence market share from the national security segment will expand at 25% CAGR till 2032, attributed to the increasing cyberattacks across countries like the U.S. According to estimates from the Interstate Technology & Regulatory Council (ITRC), in 2022, the average number of public sector data breaches was around 4,100 in the United States. Using open-source intelligence solutions can help National Security Agencies to gain data and actionable intelligence insights to detect illegal activities, asses risks at scale, identify national and global threats, protect national assets, and identify trends that may be a risk to national security.
North America OSINT market accounted for USD 2 billion revenue in 2022, credited to closing cybersecurity loopholes. Growth in IT and e-commerce sectors in the U.S. has given a rise to cybercrimes, causing massive losses to the U.S. government and enterprises. New cases of data breaches in the U.S. and growing complexity of cyberattacks would promote the adoption of OSINT solutions among enterprises. For instance, in 2022, Cisco revealed that successful spear-phishing attacks accountable for 95% of breaches in enterprise networks
Open-Source Intelligence Market Share
Prominent participants operating across the market open-source intelligence market include
Strategic alliances and new product developments are some of the key focus areas of businesses in the market. For instance, in February 2021, Media Sonar Technologies Inc. released Pathfinder 2.0, the latest version of its open-source intelligence platform that can help businesses reduce operational risks and offers 30X operational performance. This launch aided the firm in meeting the demand for business intelligence across the entire organization.
Impact of the COVID-19 pandemic
The impact of the COVID-19 pandemic on the open-source intelligence market was adverse, due to the halting of manufacturing activities across nations worldwide. The disrupted trade cycles and supply chain impacted the use of these solutions in the industrial and manufacturing sector during the first four months of the pandemic. However, as remote working systems became mainstream, the need for digital solutions increased. Rising digital transformation across the globe post the COVID-19 era will contribute to the market expansion.
This open-source intelligence (OSINT) market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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Market, By Security
Market, By Technology
Market, By Application
The above information has been provided for the following regions and countries: