Impact of Covid-19
The COVID-19 epidemic has caused havoc in a number of sectors throughout the world. The lockdown hampered the operations of several businesses, including manufacturing and information technology. Because every country in the globe has declared a state of emergency to prevent the spread of the new coronavirus, internet penetration, social media consumption, and online portal use have all risen during the pandemic. Businesses have witnessed an increase in negative acts and cyber security problems after implementing work-from-home policies and following regulatory standards. OSINT technology supports organizations in detecting and managing possible cyber security issues by aiding and safeguarding customers and company data. Furthermore, ONIST technology and solutions help the intelligence community extract intelligence from enormous amounts of publicly available data and collect data relevant to a possible national security threat. As a result, the COVID-19 epidemic has had a positive influence on the expansion of the open-source intelligence (OSINT) business.
On the basis of Source
The global open source intelligence software is classified into Internet, Public Databases, Government Repositories, Media, and Others on the basis of source. The market is divided into media, internet, public government data, professional & academic publications, commercial, and others, according to the source. Over the projection period, the internet segment is expected to increase significantly.
On the basis of Technique
The market is classified into Social media analytics, Text Analytics, and Video Analytics, Others on the basis of technology. With increased commercial interest in advanced analytics for future forecasting, organizations are utilizing OSINT to analyze massive amounts of raw data and acquire important data that will be beneficial in enhancing the firm's profit. Data analytics, text analytics, artificial intelligence, big data, human intelligence, content intelligence, and dark web analysis are all included in the security type area. From 2018 to 2026, the artificial intelligence category is expected to develop at the fastest CAGR of 26 percent. Boosting corporate interest in advanced analytics for future forecasting, organizations are employing OSINT to analyze vast amounts of raw data and acquire important data that will be beneficial in increasing the value of the firm.
On the basis of End User
The market is divided into government intelligence agencies, military and defense intelligence agencies, cyber security organizations, law enforcement agencies, financial services, private specialized businesses, and others based on end user. The category of cyber security organizations and government intelligence agencies is prominent in the industry, accounting for the majority of market share. The majority of open-source intelligence is employed in private specialized businesses, police enforcement organizations, and defense intelligence agencies. Open-source intelligence is used by government intelligence organizations to investigate, forecast, prevent, and punish offenders, including terrorists. In 2017, national security held the largest market share of 35.12 percent by application. OSINT is mostly employed in corporate intelligence, national security, and law enforcement roles. Open-source intelligence is used by national security to investigate, anticipate, prevent, and prosecute offenders, including terrorists.
On the basis of region
North America is expected to lead the worldwide open-source intelligence (OSINT) market as a result of increased adoption of open-source intelligence devices by government and non-government organizations, technical improvements, and the presence of significant companies in this area. For example, Alfresco Software, a business-focused open-source software group, released another Intelligence Services module for its cloud-first Digital Business Platform in April 2019. This dispatch aided the firm in reinforcing its intelligence service offering and gaining a market competitive position.
Due to the increased investment in online intelligence, cyber security, and big data analytics by a large number of corporates in this area, Asia Pacific is expected to witness considerable growth in the worldwide open-source intelligence (OSINT) market throughout the forecast period. For example, the Chinese AI business reported a 63 percent quarter-on-quarter increase in AI-based subsidies in Q3 2020. OSINT developments such as NLP, PC vision, and speech intelligence raised around USD 6 billion in China between 2016 and 2020 over 163 investment rounds, propelling the sector forward.
Open-source intelligence (OSINT) is the insights gained by collecting and analyzing data gathered from various open sources to produce actionable decisions or intelligence. The open sources are publically available data. OSINT has existed under several names for hundreds of years. With the advent of immediate communications and quick information sharing, public, unclassified sources may now provide a wealth of actionable and predictive intelligence. This has nothing to do with open-source software or communal intelligence.
Open-source intelligence addresses a specific intelligence requirement. If any professional abilities, apparatuses, or procedures are required to access a piece of data, it cannot be considered open source. Significantly, open-source data isn't limited to what users may find using popular web search engines. Web pages and other assets available from Google are massive but helps to give intelligence data. A lot of valuable and predicted intelligence would now be possible to be obtained from public, unclassified sources, thanks to the method of instantaneous communications and speedy data transfer.
The market value of global open source intelligence software is estimated to reach close to $29.19 billion by 2026 with an annualized growth rate of 24.7 % through the forecast years 2020 to 2027. The primary goal of an open-source intelligence tool is to clean, reorganize, and enhance accessible raw data into the required format, allowing for more informed and better decision-making in less time. Open source technology had replaced the time consuming method and complex attempts with faster data processing from open data sources. Among the several benefits given by open-source intelligence are the ability to structure massive amounts of data and efficiently handle big volumes of data.
The factors such as high usage of open source intelligence products to gather intelligence data from open sources, increasing demand for cloud based products due to lesser operational costs and high efficiency have propelled the global open source intelligence software market. Additionally, increasing OSINT demand in various industries to gather actionable insights has boosted the overall performance of the global open source intelligence software market. However, a lack of understanding regarding OSINT, as well as worries about data quality issues, are impeding industry expansion. Furthermore, social media analytics trends, awareness for gathering data for improving business decisions are anticipated to provide growth opportunity to the global open source intelligence software market.
The rising amount of data available throughout the world is a significant element driving the expansion of the worldwide open-source intelligence market. The usage of social networking sites has resulted in a rise in the number of user-generated material. Images, videos, personal and professional information, and other media may be included in the material. Furthermore, increased wireless networking technologies and rising cloud platform use throughout the world are major elements that will drive the rise of open-source intelligence. The expansion of the internet in developing nations has resulted in a rise in the volume of unstructured and organized data. By 2020, it is anticipated that around 1.7 gigabytes of fresh information would be produced every second. The OSINT autonomous tools assist the organization in providing real-time analysis.
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 are the market's leading players.
Expert.ai, a leading artificial intelligence (AI) platform for natural language processing, will be recognised to the KMWorld AI 50: The Companies Enabling Intelligent Knowledge Management in July 2021.
Palantir Technologies Inc. confirmed in May 2021 that it will provide software to the Department of the Air Force (DAF), Space and Missile Systems Center's Cross-Mission Ground & Communications Enterprise (SMC/ECX), and NORAD-NORTHCOM to support the critical missions of the United States Space Force and United States Air Force.
Open-Source Intelligence Software Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD $29.19 billion|
|Growth Rate||CAGR of 24.7 % during 2021-2028|
|Segment Covered||By Source, 2. By Technique, By End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||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|
Segments of Open-Source Intelligence Software Market
- By Source
- Public Databases
- Government Repositories
- By Technique
- Social media analytics
- Text Analytics
- Video Analytics
- By End-User
- Government Intelligence Agencies
- Cyber Security Agencies
- Defense Organizations
- By Region
- North America
- Asia Pacific
- Rest of the world