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Source: Market Research Future

Open Source Intelligence (OSINT) Market Size USD 7,000 Mn by 2023 at 16.18% CAGR | OSINT Industry to Expand by Fortifying Defenses of Nations

The global open source intelligence (OSINT) market is expected to grow by leaps by 2023 owing to the requirement of information from public channels. The military sector can fortify the nation’s defenses and protect it from external or online attacks by relying on trusted chatter from publicly available data sources.

Pune, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Global OSINT Market Research Report, By Security Type (Human Intelligence, Content Intelligence, Dark Web Analysis), Technology (Big Data Software, Video Analytics, Text Analytics), Application (Military & Defense, Homeland Security, Private Sector), — Forecast till 2023

Open Source Intelligence Market

Open source intelligence (OSINT) are insights or information gained from publicly available media domains. These sources include video, audio, image, and text formats. The geopolitical tensions, internal squabbles, financial distress of several nations, and terrorist attacks are incidents which require actual evidence to corroborate in the era of the fifth estate. The easy access to social media can give way to rumors which can cause panic. OSINT relies on distinct data sources to assist government agencies in allaying unfounded fears of the public

OSINT Market Scope

The global open source intelligence market size can mushroom to USD 7,000 million by 2023, as per a new report by Market Research Future (MRFR). It can achieve this by expanding at a 16.18% CAGR from 2018-2023 (forecast period). The risk of cyber malignancy and availability of open source platforms to authenticate and verify news and articles is expected to induce the demand for OSINT over the forecast period.

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Advancements in analytical tools, machine learning, deep learning, and artificial intelligence have made OSINT tools capable of discerning astute insights from large sets of unstructured data. The attitude of public sectors and government agencies to embrace the technology to combat and respond to real-time threats and thwart attacks can bode well for the market in the coming years. Lack of qualified personnel to handle the accumulation of data can act as a growth deterrent for the open source intelligence market.

Competition Analysis

The global OSINT market is bogged by frequent government policies and subsequent updates in technologies. Development of open source intelligence tools is the primary focus of these players. For instance, Dassault, a French company, has served customers in nearly 140 countries. Its product development cycle, growth strategies, and collaborations with partners will facilitate its growth in the coming years.

Top ten players operating in the Open Source Intelligence Market include Thales, Verint Systems, Expert System, Digimind, Nice Systems, Dataiku, Recorded Future Inc., CybelAngel, Palantir Technologies, Inc., Sail Labs, KB Crawl, Dassault Systèmes, and Intrinsec Security Inc. Partnerships and acquisitions are strategies being employed by these players to gain a larger share of the market.

Wave Energy to Enjoy a New High

By security type, the market is segmented into link/network analysis, artificial intelligence, big data, human intelligence, content intelligence, dark web analysis, text analytics, data analytics, and others. The human intelligence segment is expected to dominate in the OSINT market till the end of the forecast period. On the other hand, the content intelligence is anticipated to flaunt an impressive CAGR of 20.14% from 2018 to 2023. This can be attributed to the demand for common platforms for messaging, content strategy, and communications to reach a large group of people simultaneously.

Major technologies in the market encompass visualization tool, cyber security, video analytics, text analytics, web analysis, social media analysis, big data software, and others. The cyber security segment is touted a CAGR of 15%, while the video analytics segment is predicted to register a CAGR close to 22% during the forecast period.

Key market applications include private sector, military & defense, homeland security, national security, public sector, and others. The military & defense segment is expected to grow at a rapid clip at an 18.51% CAGR over the forecast period. The pertinent data required by armed forces to thwart dangerous or potential threats has culminated to the reliance of OSINT tools and platforms. The prevalence of social media and Internet-enabled phones are factors likely to support the segment growth.

Saving Languages from Near-extinction

Globalization has forced people to abandon their native languages for the widely preferred one. In order to prevent this from happening on a frequent basis, native language speakers in Canada have started an open-source content platform to encourage youngsters to access the information easily. The platform, FirstVoices, has been pivotal in housing more than 38 dialects of more than 28 language groups.

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Regional Analysis

Regions covered in the open source intelligence market include Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW).

North America accounted for a major market share and will continue to dominate the market till the end of the forecast period. The U.S. was responsible for generating nearly USD 598.45 million in 2017. Increasing adoption of the internet of things (IoT), cloud services, and advances in analytical tools are likely to fuel the market growth. Furthermore, the vulnerability of nations such as the U.S. and Canada to online threats is likely to lead to the implementation of OSINT in their defense budget program.

The APAC open source intelligence market is in a strong form of growth owing to the development of IT infrastructure in China and India. Investment by developed nations in the region thanks to the renewed security protocols to prevent leakage of false information is likely to open up new avenues for growth.

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