Global Open-Source Intelligence Market Share Likely to Grow At a CAGR of 18% By 2030

According to Custom Market Insights (CMI), the report on “Global Open-Source Intelligence Market” includes comprehensive information regarding the market’s historical and current estimations, future projections, market trends, competition, market dynamics as well as recent developments in the Open-Source Intelligence market forecast to 2022 to 2030. According to the study, the market accounted for around USD 3.4 billion in 2021 and is expected to grow at a CAGR of 18% during 2022-2030. The market for global Open-Source Intelligence market is forecasted to account for nearly USD 11.2 billion by 2030.

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Open-Source Intelligence Market: Overview

Open-source platforms help in collecting information regarding individuals from free, public sources. This commonly refers to the data available, but not limited to, on the internet. Further, this can include magazines, newspapers, public libraries, or press releases. Open-Source Intelligence can also include information gathered via other communication sources. Open-Source Intelligence makes use of this information for detecting and analyzing threats to national security.

Growth Factors

The rising need for data prevention is fueling the growth of the Open-Source Intelligence market

The rising need for gathering data available from public sources with the objective to gain crucial business insights is bolstering the market for Open-Source Intelligence. Further, open-source helps businesses to gain an in-depth understanding of various strategies adopted by competitors and take effective decisions based on them. This may include decisions regarding expansion, mergers, new product launches, etc. In addition, cyber intelligence is becoming an effective tool for analyzing data to track criminals’ digital footprints, industrial espionage, cyber threats against national security, and control terrorism.

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Segmental Overview

The Open-Source Intelligence is segmented into technique and end user. Based on technique, the market for security analytics is expected to maintain its dominant position throughout the forecast period. The growth is supported by the rising need for Open-Source Intelligence for addressing crimes, including terrorism, human trafficking, money laundering, drug trade, corruption, and cyber security, among others.

Consequently, a number of intelligence agencies across the globe utilize Open-Source Intelligence for tracking events, weapon systems, equipment, and people. This is stimulating the demand for Open-Source Intelligence. Moreover, the social media analytics segment is expected to have a high growth pace during 2022-2030, attributed to the surge in the number of social media users. The rising incidence of fraud using social media is expected to boost the market.

Regional Overview

Asia Pacific Region to Offer Growth Opportunities

North America is expected to hold a noteworthy share in the Open-Source Intelligence market. The growth is fueled by the rising adoption of Open-Source Intelligence in various organizations in the US and Canada. The government initiatives for cybersecurity and increasing cybercrimes in the region are key factors bolstering the market growth. Further, advancements in the research & development of Open-Source Intelligence are further expected to accelerate the market demand during the coming years.

The Asia Pacific region is anticipated to witness a CAGR of over 25% during 2022-2030. The rising investments in web intelligence, cyber security, and data analytics are propelling the Open-Source Intelligence market. Further, the digitalization of various industries and government offices is a significant supporting factor to the market growth.