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Open-Source Intelligence Market size was valued at USD 8.63 billion in 2023 and is set to cross USD 86.51 billion by 2036, expanding at more than 19.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of open-source intelligence is evaluated at USD 9.97 billion. The growth of the market can be attributed to the increasing adoption of open-source intelligence tools among organizations, and growing demand for cloud-based open-source intelligence (OSINT). Along with these, governments all around the world are have been taking various initiatives for implementing stringent data protection regulations to safeguard organizational and individual data. This is also considered to be a crucial factor predicted to drive market growth in the upcoming years. Furthermore, rising advancements in big data and analytics technologies, coupled with growth in penetration of artificial intelligence in several public and private sectors are expected to offer profitable opportunities to the open-source intelligence market in the near future. In 2019, more than 52 percent organizations around the world admitted to using big data technologies, whereas about 37 percent were willing to use these technologies in the future.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
19.4% |
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Base Year Market Size (2023) |
USD 8.63 billion |
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Forecast Year Market Size (2036) |
USD 86.51 billion |
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Regional Scope |
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The market is segmented by end user into government intelligence agencies, cyber security organizations, law enforcement agencies, military & defense intelligence agencies, financial services, private specialized business, and others. Amongst these, the government intelligence agencies segment is anticipated to hold the largest share in the open-source intelligence market on account of the high usage of OSINT by intelligence agencies for tracking events, people and equipment such as weapon systems. In addition, the cost-effectiveness of adopting OSINT is also projected to boost the growth of the market segment in the near future. Moreover, on the basis of technique, the security analytics segment is assessed to grab the largest share during the forecast period, which can be credited to the efficiency of OSINT in discovering pubic-facing assets, collating and grouping discovered information into actionable intelligence, and discovering crucial information outside the organization.
Our in-depth analysis of the global market includes the following segments:
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By Technique |
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By End User |
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On the basis of geographical analysis, the open-source intelligence market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific industry is set to hold largest revenue share by 2036, on the back of growing adoption of business intelligence tools by enterprises, and surge in large volumes of unstructured data. Apart from these, rising prioritization of AI vision for armed forces, especially in South Korea is also expected to drive the region’s market growth in the coming years. Additionally, the market in Europe is anticipated to acquire a significant open-source intelligence market share over the forecast period ascribing to the increasing usage of data analytics, and rise in deployment of crucial resources for mining and extraction of relevant data.
October 2020- A new open-source tool GHunt lets individuals or security experts analyze any target’s Google footprint with the help of just a single email. The tool is capable of revealing public photos, phone model, make, firmware and installed software, and the user’s physical location.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
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