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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.

“Browse 55 Market Data Tables and 51 Figures spread over 189 Pages, along with an in-depth TOC on the 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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Prime 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

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with 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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