The new report by Expert Market Research titled, ‘Global Open-Source Intelligence Market and Forecast 2022-2027’, gives an in-depth analysis of the global open-source intelligence market, assessing the market based on its segments like source, technique, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 7.8 billion
• Forecast CAGR (2022-2027): 24.7%
• Forecast Market Size (2027): USD 29.2 billion
The security analytics segment accounts for a major proportion of the market based on technique and is expected to increase at a considerable rate during the projected period. The increased demand for open-source intelligence in order to combat crimes such as terrorism, drug trafficking, crime, money laundering, corruption, human trafficking, and cybersecurity, among others, can be credited to the segment’s expansion.
As a result, OSI is used by many intelligence agencies in both developed and developing economies around the world to track events, equipment, and people. The market is growing as a result of this. Furthermore, due to the growing number of social media users, the social media analytics market is expected to rise rapidly throughout the forecast period. The rising incidents of social media-based scams is likely to harness the growth of open-source intelligence, which will help to improve risk management and increase the market growth.
Open-Source Intelligence Industry Definition and Major Segments
Open-source intelligence is a multi-factor process for gathering, analyzing, and making decisions regarding data that is freely available to the public. The raw data is transformed into actionable intelligence information by further processing and analysis.
Based on source, the market is divided into:
• Public and Government Data
• Professional and Academic Publications
On the basis of technique, the market is segmented into:
• Text Analytics
• Video Analytics
• Social Media Analytics
• Geospatial Analytics
• Security Analytics
The significant end uses of open-source intelligence include:
• Government Intelligence Agencies
• Military and Defence Intelligence Agencies
• Cyber Security Organizations
• Law Enforcement Agencies
• Financial Services
• Private Specialized Business
The regional markets for the product include:
• North America
• The Asia Pacific
• Latin America
• The Middle East and Africa
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Open-Source Intelligence Market Trends
The increased use of open-source intelligence in government intelligence, military and defense intelligence agencies to improve service efficiency is driving the global open-source intelligence sector. Any government or military intelligence agency needs data and information because it can be turned into actionable intelligence knowledge that can help prevent crimes, frauds, corruption, and terrorism. The speed at which information is gathered is improved by open-source intelligence services, allowing government agencies to take preventive measures against unlawful operations and promote national security. As a result, the capacity of open-source intelligence to augment any government or military intelligence agency’s long-term vision or short-term objective is favorably influencing the market expansion of open-source intelligence.
Key Market Players
The major players in the market:
• Alfresco Software Inc.
• Digital Clues GmbH
• Google LLC
• Maltego Technologies GmbH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.