Dark Web Intelligence Market Size, Share, and Industry Analysis, By Deployment (On-premise and Cloud), By Enterprise Type (SMEs and Large Enterprises), By Industry (BFSI, Healthcare, Government, IT & Telecom, Education, Manufacturing, and Others), and Regional Forecast till 2032

The Global Dark Web Intelligence Market is witnessing significant growth owing to increasing cyber-attacks on large companies' PCs and personal computers.

According to a survey by Scoop, in 2022, there were around 30,000 websites on the dark web, and around 60% of the websites were involved in illegal activities. As cyber threats on the dark web increase, the demand for dark web intelligence also increases.

Impact of Generative AI

Generative AI provides transformative potential for improving threat intelligence by enabling advanced analysis, automating data collection, and enhancing threat detection and response. Organizations can forecast and mitigate vulnerabilities by using GenAI-powered cyber threat intelligence solutions.

Dark Web Intelligence Market Driver

Increasing Cyber Crimes is Expected to Drive Market Growth

The dark web has become ground for cybercriminals and illicit activities. In 2023, there were more than 2.5 million daily visitors to the dark web. The total revenue generated by criminal activities on the dark web is expected to be approximately USD 1.5 billion per year. Cybercriminals use the dark web to perform various types of crimes, including DDoS attacks, malware attacks, social engineering, and credential-based attacks.

According to the Prey project survey, in 2023, the most productive illegal digital products available on the dark web include online banking, crypto accounts, and e-wallets. Ransomware cryptocurrency-based crimes on the dark web reached USD 176 million. DDoS and malware attacks are the most commonly performed crimes on the dark web, and a cybercriminal can buy 1,000 threat installs for USD 1,800. Therefore, increasing cybercrimes are driving the growth of dark web intelligence.

Dark Web Intelligence Market Restraint

High Initial Cost to Hamper Market Growth

The higher cost of Dark Web Intelligence is one of the major factors hindering the growth of the dark web intelligence market. Startups and small businesses need to spend USD 2.5 million to adopt cybersecurity solutions as they include a combination of spam filters, firewalls, antivirus, data backup, data encryption, and password management applications. Various types of hardware are installed for dark web intelligence applications, which further increases the deployment cost of cyber risk assessment and cybersecurity.

Specialized IT professionals are required to manage coding on a real-time basis for new cyber threat intelligence solutions. Therefore, companies need to recruit or outsource skilled employees to ensure the effective usage of the dark web intelligence solution. This might add further cost to the company.

Dark Web Intelligence Market Opportunity

Focusing on Threat Actor Profiling is Expected to Boost Market Growth

For proactive cybersecurity, understanding the tactics, techniques, and procedures of threat actors is essential, and dark web intelligence solutions help to analyze the behavior, communication style, and activities of threat actors to gain insights regarding their methods and potential targets. This information about threat actors helps to build an effective cybersecurity strategy against them. These profiles are often found in closed communities, forums, or marketplaces.

Segmentation

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by the Key Players
• Impact of Generative AI on the Global Dark Web Intelligence Market
• Consolidated SWOT Analysis of Key Players

Analysis by Deployment

By deployment, the market is bifurcated into on-premise and cloud.

On-premise dominated the market in 2023, as on-premise solutions have higher security compared to cloud-based systems. On-premise demand is boosted due to high security and safety measures in the domain of dark web intelligence. On-premise is particularly gaining popularity as it prioritizes data sovereignty and stringent regulatory compliance requirements, allowing for a more tailored security posture.

Analysis by Enterprise Type

By enterprise type, the market is bifurcated into SMEs and large enterprises.

SMEs are expected to showcase significant growth in coming years as the dark web is a marketplace for stolen credentials and sensitive data. SMEs may become unwitting victims of these attacks, facing the threat of data encryption and extortion. Also, threat actors with malicious intent can utilize the dark web for corporate espionage. SMEs may be at risk of having their trade secrets, intellectual property, or strategic business information compromised. Therefore, the adoption of cyber intelligence solutions is increasing among SMEs.

Analysis by Industry

By industry, the market is divided into BFSI, healthcare, government, IT & telecom, education, manufacturing, and others.

The IT and telecommunications sector is estimated to showcase significant growth that is driven by the wide applications of dark web intelligence. This industry, being technologically advanced and innovative, faces various cyber threats, including data breaches and sophisticated cyber espionage. The application of dark web intelligence in the sector offers essential insights regarding emerging threats and provides effective countermeasures. By leveraging intelligence gathered from the dark web, IT and telecommunications companies can better protect their customer data, infrastructure, and service integrity.

Regional Analysis

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In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America accounted for the largest share in 2023, as data breaches have become a concern for organizations in the region. Also, data breaches have arisen for many years, and the rise of digital platforms has brought new challenges as the significance, scale, and financial cost of these breaches have increased significantly. Therefore, businesses in the region are adopting dark web intelligence solutions for security. 

The U.S. is leading in the region, owing to increasing digital crimes among individuals and organizations. In 2023, more than 48% of organizations in the U.S. have been compromised by more than 6 successful cyber attacks within the year. As cyber-attacks across organizations are increasing, organizations are heavily investing in security solutions. As per the CDR, the organization in the U.S. has increased its security budget from 3.8% in 2021 to 4.6% in 2023.

Asia Pacific is estimated to grow significantly in the coming years, owing to increasing cyberattacks in countries, including India, Malaysia, Thailand, Vietnam, and others. India accounts for 26% of dark web users, and as the dark web is serving as a thriving ecosystem for cyberattacks, India’s remote district, Nuh, recently accounted for more than 28,000 cybercrimes. Therefore, increasing cyberattacks are boosting the market growth in the region.

Europe also holds significant potential in the global dark web intelligence market, owing to a surge in demand for dark web intelligence solutions among industries including BFSI, IT & Telecom, retail & e-commerce, and others for protecting data and enhancing business processes.

Key Players Covered

The global dark web intelligence market is fragmented with the presence of a large number of group and standalone providers.

The report includes the profiles of the following key players:

• Searchlight Cyber (U.K.)
• ZeroFox (U.S.)
• DarkOwl (Denver)
• Proofpoint Inc. (U.S.)
• NICE Actimize (U.S.)
• Cybersixgill (Israel)
• Flashpoint (U.S.)
• Alert Logic (U.S.)
• KELA (Israel)
• Carbonite (U.S.)

Key Industry Developments

• In November 2023, Dark Owl entered into a partnership with Blackbird.AI to help organizations identify narrative attacks across the dark web.
• In January 2023, Proofpoint introduced an AI-powered solution for automating dark web threat analysis and risk prioritization.