Global Open Source Intelligence Market Growth to progress with Growing Importance of Business Research
Inkwood Research evaluates that the Global Open Source Intelligence Market is predicted to project a CAGR of 17.36% in terms of revenue during the forecast period, 2019-2028.
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Global Open Source Intelligence Market Forecast 2019-2028.”
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The term ‘open source’ means information available for
public consumption. It is not limited to the information available on major
search engines. Open source intelligence is a quantitative and qualitative
method for analyzing, collecting, and making decisions regarding data access in
publicly available sources.
Key Driver:
Rising Importance of Business Research
The enterprises are increasingly adopting open source
intelligence (OSINT) to sustain the growing competition in the market, along
with expanding their outreach. There is an increasing need to gain insights for
business planning. This is projected to offer lucrative opportunities for
market expansion. This is because these tools allow the study of factors that
influence outcomes, along with enhancing the power of decision optimization.
OSINT enables the companies to improve the efficiency of the
business operations, and offers enhanced customer engagement through real-time
data. Big data analytics is utilized by several decision-makers for optimal
selling strategies and improving the decision-making capability of the
organization.
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End-User: Cybersecurity Organizations
The protection of sensitive data has become the topmost
priority for several cybersecurity organizations. OSINT aids in securing
confidential data and critical systems through the addition of full encrypted
storage to non-PC devices, remote surveillance systems, and bulk file
transfers. There is an increasing demand for high-level security solutions for
securing top-secret data of organizations. The use of USB drives in the IT
companies increases the cybersecurity risk. Thus, such factors fuel the
adoption of OSINT. The companies are also utilizing OSINT to acquire a
competitive edge over other competitors, since it offers thousand-fold
performance improvements and massive agility benefits over relational
databases.
Asia
Pacific is Projected to Lead the Global Market by 2028
There is increasing adoption of OSINT by several
cybersecurity organizations and defense intelligence agencies in the region.
Also, a large number of organizations of the region are prioritizing the
implementation of solutions that use intelligent techniques for cleaning and
preparing data. The companies are moving away from the traditional approach of
managing data. Several key strategies are being adopted by the leading market vendors
in the market, with regard to OSINT, so as to embolden their stance in the
market. Such factors are set to contribute to the market growth of the region.
The market encompasses several regional and global players.
The competitive environment of the market is characterized by rising levels of
product penetration and moderate to high product differentiation. Some of the
major players in the market include, Alphabet Inc (Google), Offensive Services
Limited, Palantir Technologies Inc, Thales Group, Alfresco Software Inc, etc.
About Inkwood Research
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relevant fact-based research are customized across industry verticals such as technology,
automotive, chemicals, materials, healthcare, and energy, with an objective
comprehension that acknowledges the business environments. Our geographical
analysis comprises of North & South America, CEE, CIS, Middle East, Europe,
Asia, and Africa.
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