Author: Himanshu Patni
16 May 2023
Dark web intelligence is employed to prevent fraud and has been shown to significantly lower losses. It has proven to reduce losses related to cyber security. This intelligence contains three sets of data feeds curated from the Dark and Deep Web, malware networks, botnets, and other technical infrastructure used by cybercriminals and fraudsters to commit financial crimes.
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Dark Web Intelligence Market was valued at more than USD 350 million in 2021 and is expected to grow at a CAGR of around 20% from 2022-2028. The growing adoption of the dark web market is mainly attributed to the growing cyber threat around the internet. Moreover, the rising usage of dark web intelligence in counter-terrorism is expected to influence market growth during the forecast period. Furthermore, as organizations are shifting themselves to the cloud, it is putting them in a vulnerable position for potential cyber-attacks is expected to influence the market growth during the forecast period. Additionally, the growing investment in the cybersecurity industry is expected to propel the market during the forecast period. For instance, according to CrunchBase, despite the pandemic, organizations around the world invested more than USD 7 billion in the cybersecurity industry.
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Based on components, the market is segmented into solutions and services. The service segment to garner a significant market share and is expected to maintain this throughout the forecast period. The growing adoption of dark web intelligence services is mainly attributed to the various benefits that dark web intelligence offers such as cyber fraud detection, and reduction in cyber threat-related risks, etc. which is expected to elevate the demand for dark web intelligence. Additionally, the growing need for expertise in cyber threat management is expected to drive the market during the forecast period.
For a better understanding of the market adoption of the dark web intelligence industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The North America region is expected to grow with a significant market share and is expected to maintain robust market share throughout the forecast period. The growth of the region is mainly attributed to the growing use of the internet in the region. Moreover, the growing cybersecurity threat in the region coupled with the growing cost of each cyber-attack is expected to influence the market growth during the forecast period. For instance, according to IBM, in 2021, the USA has the highest cost of each data breach of USD 9.05 Million.
Some of the major players operating in the market include Fortra, LLC; Rapid7; NICE; Outpost24; Open Text Corporation; DarkOwl, LLC; Digital Shadows Ltd; VeriSign, Inc; KELA; Flashpoint.
Global Dark Web Intelligence Market Segmentation
Market Insight, by Component
Market Insight, by Deployment
Market Insight, by Organization Size
Market Insight, by Region
Top Company Profiles
• Fortra, LLC
• Rapid7• NICE• Outpost24• Open Text Corporation• DarkOwl, LLC• Digital Shadows Ltd• VeriSign, Inc• KELA• Flashpoint.
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