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Global Open-Source Intelligence Market to Grow at a CAGR of 24.7% During 2022-2027, Aided by the Technological Advancements in the Small, Medium, and Large Enterprises

According to a new report by EMR titled, ‘Global Open-Source Intelligence Market Report and Forecast 2022-2027’, the global open-source intelligence industry attained a value of USD 7.8 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 24.7% to reach USD 29.2 billion by 2027.

The open-source intelligence industry is driven by the technological advancements in the small, medium, and large enterprises, which is likely to generate the demand for open-source intelligence to help the organisation prioritise the time and tasks. A significant amount of data and information is available on the internet, which can be accessed by the general public. Therefore, through open-source intelligence, an organisation can develop and ensure good protective measures. Over the forecast period, the market growth will be augmented by the growing adoption of open-source intelligence by the military and defence intelligence sector, financial services sector, government agencies, and law enforcement agencies, among others.

In terms of region, North America is likely to account for a significant share in the market, owing to the emergence of social media in countries like United States of America and Canada. The technological advancements and growth of smartphones, laptops, and tablets have provided huge room for opportunities for the open-source intelligence. Over the forecast period, the growing advertising, promotions and campaigning by social media giants is likely to propel the demand for open-source intelligence in the region, in order to optimise the risk management and prevent cybercrime.

In January 2021, Hensoldt AG (ETR: HAG) acquired SAIL LABS, which is a leading AI-based open-source intelligence solutions provider. This will bolster Hensoldt’s sensor portfolio with intelligent solutions for the digital space and will make the company, one of the leading data analysis houses in the security and defense sector in Germany. This move will further augment the demand for security analytics in the digital space and national security issues.

Market Breakup by Sources, Techniques, End-Uses, and Region:

  • The market is segmented on the basis of source into media, internet, public and government data, professional and academic publications, and commercial, among others.
  • The techniques involved in the market include text analytics, video analytics, social media analytics, geospatial analytics, and security analytics, among others.
  • The major end-uses of open-source intelligence include government intelligence agencies, military and defence intelligence agencies, cyber security organisations, law enforcement agencies, financial services, and private specialised business, among others.
  • Region-wise, the global market for open-source intelligence can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for open-source intelligence is driven by technological advancements in the small, medium, and large enterprises in the emerging economies of the world.
  • The market will be augmented by the growing adoption of open-source intelligence by the military and defence intelligence sector, financial services sector, government agencies, and law enforcement agencies, among others.
  • The growing popularity of social media, owing to the expansion of smartphones, laptops, and tablets will further aid the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global open-source intelligence market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the sources, techniques, end-uses, and regions of open-source intelligence.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global open-source intelligence industry include Alfresco Software Inc., Digital Clues GmbH, Google LLC, Maltego Technologies GmbH, and Expert.ai, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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