A research study based on Open-source Intelligence conducted by the IMARC Group predicts massive growth in the market by 2028. Per their reports, the research projects estimate a 33.1 billion dollar open-source intelligence market share from the period 2023 up to 2028. This makes the annual growth rate 20.34%.
If you want to read this research, it’s titled “Open Source Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028.” At present open-source intelligence, market stands at 10.2 billion dollars globally.
If you need to learn what open-source intelligence is, let us give you some information about it. Open-Source Intelligence helps organizations collect, analyze, and process data or information from accessible public sources, offline and online, to understand the market.
This data is free or can be purchased or accessed through requests. OSINT helps organizations utilize this data to their benefit by understanding the market and customer needs or its competitor’s strategies to plan better campaigns. OSINT is a cost-effective approach with high returns which makes it more attractive than traditional information-gathering methods to a company.
IMARC’s research study also highlights the main trends in the Open-Source Intelligence market (OSINT). It mentions how the increased demand for data from public sources to understand and gain valuable business insights has increased the demand for open-source intelligence.
Worldwide organizations are adopting Open-source intelligence to understand competitors’ strategies and react to these strategies effectively. The awareness about the benefits of OSINT, especially in cyber intelligence, for keeping track of cyber threats to have additional protection, tracking criminals’ digital footprint, countering terrorism, and many other factors are driving organizations to adopt OSINT.
An increase in data processing and data analytics to understand the market by organizations or companies has led to a surge in cyber attacks for stealing data sensitive of the companies, leading to an increase in the OSINT market. Increased use of Artificial Intelligence (AI) in the military and defense sectors also contributed to this positive increase in demand for OSINT.
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