Dark Web Intelligence Market

Market Overview:

The global dark web intelligence market size reached US$ 514.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,610.3 Million by 2032, exhibiting a growth rate (CAGR) of 19.77% during 2024-2032. The increasing instances of various online fraudulent activities, rising adoption by journalists for investigations, and the growing usage in the telecommunication industry are some of the major factors propelling the dark web intelligence market growth.

Dark web intelligence gathers, analyzes, and monitors information from the dark web, which is a part of the internet that is intentionally hidden and accessible only through specialized software. It involves collecting data from underground forums, hidden websites, chat rooms, and other platforms that operate within the dark web. It assists in identifying and monitoring threats, investigating cybercrimes, uncovering illicit networks, and gathering intelligence on potential risks to national security or public safety. It requires specialized tools and techniques to navigate the dark web anonymously, retrieve information, and analyze it to generate actionable intelligence.

There is currently an increase in the adoption of dark web intelligence in the banking, financial services and insurance (BFSI) industry to monitor the dark web for stolen financial data, compromised credit card information, and potential fraud schemes. This, coupled with the rising instances of various online fraudulent activities, represents one of the major factors strengthening the market growth around the world. It can also be attributed to the growing use of online banking applications on account of the rising sales of smartphones with high-speed internet connectivity. Moreover, the increasing usage of dark web intelligence for supply chain risk assessment to identify instances of counterfeit products or components being sold on the dark web is favoring the growth of the market. In addition, the rising adoption of dark web intelligence by journalists for investigation purposes and to uncover hidden information, expose corruption, and shed light on important societal issues is propelling the growth of the market. Apart from this, the growing utilization of dark web intelligence in the telecommunications industry to monitor and understand the latest hacking techniques and identify potential security vulnerabilities in their infrastructure is creating a positive outlook for the market.

Dark Web Intelligence Market Trends/Drivers:

Increasing number of cybercrime and illicit activities bolstering market growth

The dark web has become a breeding ground for cybercriminals and illicit activities, catalyzing the demand for dark web intelligence. With the growing sophistication of cyber threats, organizations and law enforcement agencies are recognizing the need to gather intelligence on illegal operations conducted on the dark web. Dark web intelligence helps identify and mitigate risks associated with hacking, data breaches, identity theft, drug trafficking, and money laundering. It can monitor and infiltrate these criminal networks that enables proactive measures to counter their actions and prevent potential harm.

Rising usage of dark web intelligence for national security and counterterrorism stimulating market growth

Governments and intelligence agencies of numerous countries are focusing on the monitoring of the dark web to combat terrorism and ensure national security as it provides a platform for terrorist organizations to communicate, recruit, and coordinate their activities covertly. Agencies can uncover potential threats, track the financing of terrorist activities, and disrupt their operations by gathering intelligence from the dark web. As a result, dark web intelligence helps identify radicalization patterns, uncover hidden networks, and assist in the apprehension of individuals involved in terrorist activities. The demand for dark web intelligence is driven by the need to enhance national security, protect citizens, and prevent acts of terrorism in an increasingly interconnected world.

Associated benefits driving demand for dark web intelligence

The growing concerns about the privacy and safety of data are influencing the market positively. The dark web is known for its focus on anonymity and encryption, which attracts individuals and organizations seeking enhanced privacy. While privacy is a legitimate concern, it also creates opportunities for illicit activities. As governments worldwide implement stringent regulations and surveillance measures, individuals and criminal organizations turn to the dark web to evade detection. This has led to a demand for dark web intelligence to monitor and analyze encrypted communications, identify potential threats, and develop effective countermeasures. Consequently, organizations, security agencies, and policymakers seek to strike a balance between privacy and security, driving the need for dark web intelligence capabilities to address the challenges posed by encryption on the dark web.

Dark Web Intelligence Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global dark web intelligence market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, deployment model, enterprise size, and industry vertical.

Breakup by Component:

• Solution
• Service
   

Solution represents the most popular component of dark web intelligence

The report has provided a detailed breakup and analysis of the dark web intelligence market based on the component. This includes solution and service. According to the report, solution represented the largest segment. A dark web intelligence solution relies on a combination of technologies, tools, and methodologies for gathering, analyzing, and utilizing information from the dark web. It is designed to assist intelligence agencies, law enforcement, and cybersecurity professionals in extracting valuable intelligence and insights from the hidden corners of the internet.

On the other hand, dark web intelligence services are offered with specialized expertise and assistance related to navigating, monitoring, and analyzing the dark web. It is offered by cybersecurity firms, intelligence agencies, or dedicated teams within organizations that have the necessary knowledge, skills, and resources.

Breakup by Deployment Model:

• On-Premises
• Cloud-Based
   

On-premises dominate the overall market

The report has provided a detailed breakup and analysis of the dark web intelligence market based on the deployment model. This includes on-premises and cloud-based. According to the report, on-premises represented the largest segment. In an on-premises deployment model, the infrastructure and resources required for dark web intelligence are set up and managed within the premises or data centers of organizations. It allows organizations to customize and tailor the dark web intelligence solution according to their specific requirements. It has the flexibility to integrate it with existing systems and workflows.

On the other hand, the dark web intelligence infrastructure and resources are hosted and managed by a cloud service provider in a cloud-based deployment model. It offers scalability and elasticity, which allows organizations to easily scale up or down their dark web intelligence resources based on demand. It provides remote access to dark web intelligence capabilities, which enables authorized users to access and collaborate on the intelligence data from anywhere, using any device with an internet connection. It follows a pay-as-you-go pricing model, which enables organizations to pay for the resources they use.

Breakup by Enterprise Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
   

Dark web intelligence is most widely used in large enterprises

The report has provided a detailed breakup and analysis of the dark web intelligence market based on the enterprise size. This includes large enterprises and small and medium-sized enterprises (SMEs). According to the report, large enterprises represented the largest segment. Large enterprises are more likely to be targeted by sophisticated cybercriminals due to their size, brand reputation, and valuable assets. Dark web intelligence helps in the early detection of threats, including discussions about potential attacks, leaked data, or plans targeting the organization. It provides valuable information for incident response and investigation. It helps in identifying the source of the breach, understanding the scope of the compromise, and gathering evidence for legal or regulatory purposes. It also assists in monitoring compliance by identifying potential breaches, monitoring data leaks, and taking proactive measures to address vulnerabilities.

Dark web intelligence services can be outsourced to specialized providers, which makes it accessible and affordable for small and medium-sized enterprises (SMEs). These services can monitor the dark web for potential threats, data breaches, or discussions related to the organization, which provides early warnings and insights. It helps SMEs identify potential vulnerabilities specific to their industry or sector.

Breakup by Industry Vertical:

• BFSI
• Healthcare
• Government
• IT and Telecom
• Manufacturing
• Others
   

IT and telecom represent the most popular industry vertical of dark web intelligence

The report has provided a detailed breakup and analysis of the dark web intelligence market based on the industry vertical. This includes BFSI, healthcare, government, IT and telecom, manufacturing, and others. According to the report, IT and telecom represented the largest segment. Dark web intelligence finds application in IT and telecom industries to help identify discussions or trades of stolen intellectual property, source code leaks, or discussions related to industrial espionage, which enables proactive measures to protect valuable assets. It also assists in monitoring discussions related to compromised systems or discussions about hacking tools, which further aids in the early detection and mitigation of threats.

Dark web intelligence is employed in the BFSI sector to help in identifying discussions or activities related to financial fraud, stolen credit card information, or compromised accounts. It enables proactive fraud detection and prevention measures for banks, financial institutions, and insurance companies. It helps monitor discussions or leaks related to insider trading, market manipulation, or potential regulatory violations, which enables timely actions to maintain market integrity.

Dark web intelligence is also used in the healthcare industry to identify stolen medical records, protect health information (PHI), or discussions related to healthcare fraud, which allows organizations to protect patient privacy and prevent data breaches. It assists in detecting discussions or transactions related to counterfeit drugs, illegal pharmaceutical trade, or discussions about unapproved medical devices. It can uncover discussions related to the theft, sale, or manipulation of medical research, patents, or intellectual property, helping healthcare organizations safeguard their innovative discoveries.

Governments can leverage dark web intelligence to gather information about illicit activities, smuggling, money laundering, or potential threats posed by foreign actors, which enhances their intelligence capabilities. Dark web intelligence assists law enforcement agencies in monitoring and investigating criminal activities, such as human trafficking, drug trade, weapon sales, or identity theft, which enables effective enforcement and prosecution.

Breakup by Region:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest dark web intelligence market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represented the largest segment due to the increasing dependency on the internet of things (IoT) devices. Moreover, rising number of cybercrimes, such as data breaches, ransomware attacks, and identity theft is favoring the growth of the market in the region. Besides this, the growing adoption of dark web intelligence in various organizations to protect their data, intellectual property, and customer information is influencing the market positively in the region.

Europe is estimated to expand further in this domain during the forecast period, owing to the increasing incidences of cross-border terrorist and human trafficking activities, rising need for data processing, and the integration of advanced technologies.

Competitive Landscape:

The top companies in the global dark web intelligence market are integrating advanced technologies, such as artificial intelligence (AI), blockchain, image and video analysis, link analysis, data visualization, and machine learning (ML), in dark web intelligence. These advancements are used to analyze and identify patterns, anomalies, and trends in dark web data and can help detect emerging threats, and recognize specific keywords or phrases related to illegal activities. These advanced technologies can help examine blockchain data, including transaction history and addresses, and connections between dark web actors and illegal activities can be uncovered. Besides this, there is a rise in the incorporation of big data analytics, natural language processing (NLP), and predictive analytics in dark web intelligence to extract meaning and context from the textual content found on the dark web. They also enable the understanding of languages, sentiment analysis, and the identification of entities, topics, and relationships within dark web discussions and communications.

The report has provided a comprehensive analysis of the competitive landscape in the global dark web intelligence market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include: 

• DarkOwl LLC
• Flashpoint
• Fortra LLC
• NICE Actimize (Nice Systems Ltd.)
• Outpost 24 AB
• Proofpoint Inc.
• Rapid7 Inc.
• Reliaquest LLC
• Searchlight Cyber
• Sixgill Ltd
• Terbium Labs Inc. (Deloitte)
• ZeroFox Holdings Inc.

Recent Developments:

• In December 2020, Sixgill Ltd launched darkfeed application in the Crowdstrike store to accelerate threat response with context-rich intelligence.
• In March 2022, NICE Actimize (Nice Systems Ltd.) introduced X-Sight Entity Risk, a SaaS solution offering. The product is powered by various advanced technologies to increase the efficacy of advanced anti-money laundering, enterprise fraud prevention, and other financial services applications.
• In 2021, Outpost 24 AB acquired Specops Software, a leading provider of password management and user authentication solutions, for enhancing user security.

Dark Web Intelligence Market Report Scope:

Key Questions Answered in This Report:

• How has the global dark web intelligence market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global dark web intelligence market?
• What is the impact of each driver, restraint, and opportunity on the global dark web intelligence market?
• What are the key regional markets?
• Which countries represent the most attractive dark web intelligence market? 
• What is the breakup of the market based on the component?
• Which is the most attractive component in the dark web intelligence market?
• What is the breakup of the market based on the deployment model?
• Which is the most attractive deployment model in the dark web intelligence market?
• What is the breakup of the market based on the enterprise size?
• Which is the most attractive enterprise size in the dark web intelligence market?
• What is the breakup of the market based on the industry vertical?
• Which is the most attractive industry vertical in the dark web intelligence market?
• What is the competitive structure of the global dark web intelligence market?
• Who are the key players/companies in the global dark web intelligence market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the dark web intelligence market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global dark web intelligence market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the dark web intelligence industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.