The Open Source Intelligence by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Open Source Intelligence , The open source intelligence market size has grown exponentially in recent years. It will grow from $12.2 billion in 2023 to $15.15 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to proliferation of online information, advances in web scraping and crawling technologies, increased cyber threats and cybersecurity concerns, rising importance of social media data, globalization and interconnectedness of information.
The open source intelligence market size is expected to see exponential growth in the next few years. It will grow to $38.07 billion in 2028 at a compound annual growth rate (CAGR) of 25.9%. The growth in the forecast period can be attributed to growing emphasis on threat intelligence, integration of artificial intelligence in osint, expansion of dark web monitoring, increased adoption in corporate risk management, collaboration between public and private sectors. Major trends in the forecast period include real-time osint analysis, geospatial intelligence and mapping, focus on deep and dark web monitoring, enhanced automation and machine learning in osint, integration with cybersecurity platforms.
The increasing prevalence of fraud carried out through social media is expected to drive the open-source intelligence market. Social media is internet-based communication that allows people to converse, share their information, and produce web content. Open-source data helps in identifying cyber danger indicators through social media, such as fraudulent domains or bogus social media accounts, which could be exploited to launch an attack. For instance, according to the Federal Trade Commission, a US-based consumer protection body, in 2021, over $770 million in damages were attributed to fraud that was perpetrated on social media sites, according to roughly 95,000 people. Of all recorded fraud-related losses, these losses make up around 25%. Therefore, the increasing prevalence of fraud carried out through social media is driving open-source intelligence market growth.
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The open source intelligence market covered in this report is segmented –
1) By Source Type: Media, Internet, Public Government Data, Professional and Academic Publications, Commercial, Other Source Type
2) By Technique: Text Analytics, Video Analytics, Social Media Analytics, Geospatial Analytics, Security Analytics, Other Technique
3) By End User: Government Intelligence Agencies, Military and Defense Intelligence Agencies, Cyber Security Organizations, Law Enforcement Agencies, Financial Services, Private Specialized Business, Other End User
Technological advancements are the key trends gaining popularity in the open-source intelligence market. Major companies operating in the market are introducing new technologies, such as OSINT, which works on AI-powered open-source intelligence, to sustain their position in the market. In December 2021, Cobwebs, a US-based web intelligence provider, introduced OSINT, which helps to protect global communities and organizations from crime, threats, and cyber-attacks by providing seamless access to publicly available data. The help of AI-powered open-source intelligence helps to provide crucial information in an easily comprehensible way. Also, AI-based dark web surveillance technology joins the dots in a visual graph and provides actionable insights in the form of automated reports that can be utilized for both internal follow-ups by the organization and for law enforcement to act.
Major Players:
Technological advancements are shaping the Open Source Intelligence market. Technological advancement has helped online clothing businesses to sync up all their operations and business processes. For instance, in October 2021, H&M, a Swedish-based multinational clothing company launched blockchain-based clothes rental service with scannable IoT labels on the clothing. With this, customers at H&M’s store can pick garments for instant hire by scanning IoT-connected stickers with their smartphones. Customers can access this service by signing up for Spin and then paying up to $11 in daily hire fees. Reselling or renting alongside innovation in materials is helping create sustainable consumption patterns.
The open source intelligence market report table of contents includes:
1. Executive Summary
2. Open Source Intelligence Market Characteristics
3. Open Source Intelligence Market Trends And Strategies
4. Open Source Intelligence Market – Macro Economic Scenario
5. Global Open Source Intelligence Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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