Market Research Future published a research report on “Open Source Intelligence (OSINT) Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
— Market Outline
As per the predictions by Market Research Future (MRFR), the open source intelligence (OSINT) is set to achieve the valuation of over USD 7,000 Mn by the year 2023, increasing from the value of USD 2,866 Mn it attained in 2017.
Market Drivers and Top Restraints
The predominant factors responsible for the lucrative growth of the global Open Source Intelligence Market include the increasing amount of data around the world that elevates the demand for OSINT. With the increasing use of social network, the amount of user-generated content has increased as well. The content generally includes videos, images, professional and personal information. Moreover, the continuous advancement of wireless networking technologies along with the surging adoption of cloud platform around the world are serving to be highly beneficial for the open source intelligence market.
The proliferation of internet in developing countries is increasing, leading to a massive amount of unstructured and structured data. As per studies, almost 1.7 megabytes of new information is expected to be created every second by the year 2020. On account of the rising demand for real-time valuable data, the demand for the open source intelligence market will also note growth in the coming years.
Other than this, continuous advancement in big data, text analytics, artificial intelligence and data analytics will be opening up new avenues for the global open source intelligence market in the near future.
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The open source intelligence market holds some of the major key players like, Palantir Technologies (U.S.), Expert System (Italy), Exalead Dassault Systemes (France), Thales Group (France), CybelAngel (France), Intrinsic Technologies (U.S.), SAIL LABS Technology GmbH (Austria), Digimind (U.S.), KB Crawl SAS (France), Verint (U.S.), Recorded Future (U.S.), Datalkz (UAE).
The market for open source intelligence is segmented on the basis of security type, technology, and application.
The types of security-based segments in the global market are human intelligence, content intelligence, dark web analysis, link/network analysis, data analytics, text analytics, artificial intelligence, big data, and others. Out of these, at present, the human intelligence segment governs the maximum share in the global market, with the forecast envisioning the segment retaining its pole position throughout the review period. Whereas, the content intelligence segment will most likely showcase a relatively steeper rise in terms of revenue. The segment is set to clock in a CAGR of 20.14%.
Technology-wise, the market is segmented into big data software, video analytics, text analytics, visualization tool, cyber security, web analysis, social media analysis, and others. Here, the cyber security segment is dominating the market, surging from USD 685 Mn in 2017 to the value of USD 1,584.3 Mn by the end of 2023. Furthermore, the video analytics segment is projected to experience an increased adoption during the conjectured time frame.
Open source intelligence finds applications in military & defense, homeland security, private sector, public sector, national security, and others. Out of these, the homeland security segment is set to claim the substantial share of the total market in the next few years, meanwhile, the military & defense segment will be flourishing at a higher CAGR of 18.51% during the projection period. The growth of the segment in the global market is the result of the increasing applications of OSINT in the defense sector, used for identifying the potential risks and threats.
Based on the region, the global OSINT market is spread across Europe, Asia Pacific, North America, and the Rest of the World (RoW).
At present, North America is thriving in the global market with the maximum share, and is poised to maintain its leading position well throughout the review period. The generation of large amount of unstructured data from advanced software combined with the strong presence of well-known players strives to present numerous opportunities to the regional market of the OSINT technology. Also, the regional market owes its striking growth rate to the exponential demand for cloud-based security solutions along with the substantial capital investments for the development of OSINT solutions.
Asia Pacific and Europe, in all likelihood, will remain highly important growth pockets over the forecast period, with Asia Pacific estimated to lurch ahead at the highest CAGR till 2023. The regional market of Asia Pacific flourishes due to the maintenance of the strong value by the IT infrastructure in the emerging countries like India and China. Moving ahead, the rapidly-developing nations in the region are catalyzing investments for developing security solutions, a factor that will play a highly important role in the growth of the market in the region.
Moreover, in Europe, the market will be noting immense growth trajectory in the forthcoming years, as a result of the heightened level of competition encouraging the adoption of open source intelligence tools used for the collection of quality data to be utilized efficiently in the region. Apart from this, the OSINT market in the region witnesses a high rate of demand from areas like security as well as government agencies.
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• Software providers
• Network Solutions providers
• Network security providers
• Consumer goods and retail units
• Logistics solutions providers
• Research firms
• Software investors
• Software Developers
• IT enablers
• Database providers
• Cloud service providers
• Wireless service providers
• Telecommunication companies
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Name: Abhishek Sawant
Organization: Market Research Future
Release ID: 506143