Open Source Intelligence Market Set to Grow USD 32,049 Million By 2027

Facts and Factors Market Research has published a new report titled “Open Source Intelligence Market By Sources (Public Government Data, Internet, Commercial Data, Professional & Academic Publications, Grey Literature, and Media), By Deployment Type (On-Premises and Cloud), By Security Type (Data Analytics, Dark Web Analysis, Text Analytics, Big Data, Artificial Intelligence, Content Intelligence, and Human Intelligence), and By Application (Private Sector, National Security, Public Sector, Military & Defense, and Homeland Security): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global Open Source Intelligence market is predicted to be valued at approximately USD 4,641 million in 2018 and is expected to reach a value of around USD 32,049 million by 2027, at a CAGR of around 23.72% between 2019 and 2027.

Open-source intelligence is the information gathered from publicly accessible sources that are to be utilized from an intelligence perspective. In the intelligence community, the terminology ‘open’ is referred to as overt and is related to collective intelligence or open-source software. Furthermore, open-source intelligence finds a plethora of applications in national security, business intelligence, and legal enforcement agencies. Additionally, it adds value to the work of analysts using non-sensitive intelligence for answering categorized, non-classified, and proprietary intelligence needs of myriad intelligence domains.

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Breakthroughs in unstructured data analytics will steer the business trends

Today, unstructured data analysis has become an aphorism or a catchphrase. In addition to this, developments taking place in the unstructured data analytics has opened new vistas for the business. Moreover, the unstructured data is likely to garner more popularity due to its ability to assist the firms to know their consumers & deliver them excellent goods & services.

Furthermore, large-scale usage of social networking sites has increased the proportion of user-generated content. This includes images or pictures, personal or professional information sharing, video, and forums. This increased amount of user-generated content helps the intelligence units to collate as well as examine the real-time data, thereby steering the market growth over the forecast period. Nonetheless, issues pertaining to trust as well as credibility are anticipated to impede the growth of the open-source intelligence industry over the forecast timeframe. However, rapid developments taking place across big data analytics and AI are predicted to enable the conversion of a large number of data points into manageable databases for the intelligence analysts. This will offer new growth avenues for the market over the forecast timeline, thereby nullifying the impact of the hindrances on the market over the forecast period.

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On-Premises to dominate the deployment type segment by 2027 in terms of value

The growth of the segment during the forecast timeline is owing to the one-time deployment costs. Furthermore, small-sized firms have issues pertaining to security & on-premises equip these firms with a robust data security facility.

Browse the full “Open Source Intelligence Market By Sources (Public Government Data, Internet, Commercial Data, Professional & Academic Publications, Grey Literature, and Media), By Deployment Type (On-Premises and Cloud), By Security Type (Data Analytics, Dark Web Analysis, Text Analytics, Big Data, Artificial Intelligence, Content Intelligence, and Human Intelligence), and By Application (Private Sector, National Security, Public Sector, Military & Defense, and Homeland Security): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at http://bit.ly/35Ruqub

National security segment to contribute majorly towards the overall market revenue share by 2027

The segmental surge during the forecast period is credited to the use of the open-source intelligence data for the purpose of strategic planning at the national level to combat criminal activities. Apart from this, the open-source intelligence is predicted to offer the national security agency with the ability to improve the security intelligence to fight the terrorist activities and thereby safeguard the national interests.

Asia Pacific to dominate the overall market growth by 2027

The growth of the market in the Asia Pacific zone during the period from 2019 to 2027 is owing to swift digitization along with large-scale demand for open-source intelligence data by the government institutes across the region.

Some of the major players in the business include SAIL LABS Technology GmbH, Palantir Technologies, Verint Systems, RECORDED FUTURE, INC., 3i-MIND Technologies GmbH, SensePost, Alfresco Software, Inc., Thales Group, Ascertain Solutions, CybelAngel, SEMANTIC, Dassault Systèmes, Qwarie, DATALKZ, Digimind, Expert System S.p.A., KB Crawl, Kriptia SRL, OSINT Solutions, Inc., Raytheon Company, and Vesper Group AB.

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This report segments the Open Source Intelligence market as follows:

Open Source Intelligence Market: By Sources Analysis

Public Government Data
Internet
Commercial Data
Professional & Academic Publications
Grey Literature
Media

Open Source Intelligence Market: By Deployment Type Analysis

On-Premise
Cloud

Open Source Intelligence Market: By Security Type Analysis

Data Analytics
Dark Web Analysis
Text Analytics
Big Data
Artificial Intelligence
Content Intelligence
Human Intelligence

Open Source Intelligence Market: By Application Analysis

Private Sector
National Security
Public Sector
Military & Defense
Homeland Security

Open Source Intelligence Market: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa

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This release was published on openPR.