According to The Insight Partners’ research, the global Open-Source Intelligence Market is anticipated to reach US$ 10,858.24 million by 2028 from US$ 3,201.02 million in 2020, expanding at 17.9% CAGR during the forecast period. Surge in demand for open-source intelligence among enterprises is the crucial factor credited for this expansion.

Data security is vital for businesses and individuals. Government bodies across the world have been taking several initiatives to implement strict data protection regulations across their respective regions. Thus, the rising government initiatives to protect both personal and organizational data from theft are bolstering the adoption of open-source intelligence across government intelligence agencies, military & defense intelligence agencies, cybersecurity organizations, law enforcement agencies, and private specialized businesses across the world.

With the rise in small and medium enterprises across the globe coupled with their increasing investments in the expansion of their businesses both geographically and by expanding their product portfolios, the organizations have experienced an increase in the adoption of digital platforms to perform their daily businesses. Unauthorized breaches have led to huge losses for companies, their clients, and public at large. Thus, owing to the above-mentioned factors, the demand for open-source intelligence solutions is growing rapidly among enterprises, thereby driving the growth of the open-source intelligence market.

Leading companies contributing to global open-source intelligence market valuation are Digital Clues; Alfresco Software, Inc.; EXPERT SYSTEM S.P.A.; Palantir Technologies; Thales Group; Maltego Technologies.; NetSentries Technologies FZCO; IPS S.p.A.; Google LLC; and Recorded Future, Inc.

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On the other hand, concerns related to data quality issues will likely hinder global open-source intelligence market augmentation.

Based on application, the market is arrayed into SMEs and large enterprises. Among these, the social media analytics segment held 24.3% of the market share in 2020. The segment was valued at US$ 777.36 million in 2020 and is projected to reach US$ 2,847.24 million by 2028, growing at 19.1% CAGR over the analysis timeframe.

As per end user spectrum, the global open-source intelligence market sphere is divided into government intelligence agencies, military and defense intelligence agencies, cyber security organizations, law enforcement agencies, private specialized business, financial services, and others. Of these, the cyber security organizations segment captured 22.9% of the market share in 2020. The segment was evaluated at US$ 775.1 million in 2020 and is estimated to accrue US$ 2,971.0 million by 2028, growing at 19.7% CAGR during 2021–2028.

From the regional frame of reference, North America held a significant share in the global open-source intelligence market in 2020. The regional market was assessed at US$ 1,263.35 million in 2020 and is estimated to garner US$ 4,370.4 million by 2028. Meanwhile, Asia Pacific is projected to register a stellar growth rate of 20.9% CAGR over 2021–2028 and accumulate US$ 2,071.75 million by 2028.

  • In July 2021, Expert.ai, the premier artificial intelligence (AI) platform for natural language understanding, announced that it has been named to the KMWorld AI 50: The Companies Empowering Intelligent Knowledge Management.
  • In November 2020, Fivecast embedded in Thales Australia’s own suite of digital intelligence tools that are used by customers in Australia and overseas. Fivecast is a world-leading provider of cutting-edge open-source intelligence (OSINT) products based in Adelaide, South Australia, with the purpose of making the world a safer place. Customers in national security, defense, and law enforcement use Fivecast's technologies to sift through massive amounts of digital data to get insights on dangers that are important in safeguarding global societies.

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