Report: Dark Web Intelligence Market expected to reach $1.3 billion by 2028

10/25/2022Darknet News

A report “Global Dark Web Intelligence Market Size, Share & Industry Trends Analysis Report By Industry Vertical, By Component, By Deployment Model, By Enterprise Size, By Regional Outlook and Forecast, 2022 – 2028” has just been made available.

Because of its emphasis on privacy and anonymity, this part of the internet is a suitable location for hackers to acquire materials and information and advertise their services. Because it provides an unfiltered view of the condition of cybercrime today and the trends in hacks, dark web information is crucial.

By implementing dark web tracking software and integrating intelligence with their cyber security management process, organizations can improve their defense capabilities by leveraging timely, pertinent, and actionable information. Intelligence from the dark web is used to stop fraud and has proven to drastically reduce losses.

Generally speaking, the intelligence consists of three groups of data feeds that have been carefully chosen from the Deep Web and Dark Web, malware networks, botnets, and other technological platforms used by fraudsters and cybercriminals to perpetrate financial crimes. Over the years, there have been a number of cyberattacks on both individual computers and the systems of major organizations.

COVID Impact

The adoption of darknet intelligence has profited favorably from the lockdown imposed by various countries. Since there have been less cases of COVID-19, businesses are focusing on creating technologies like automation, AI-powered solutions, and computer technology. Darknet intelligence solutions are also becoming increasingly important as cybercrimes like ransomware attacks, data hacking, and financial fraud mushroom across industries including BFSI, healthcare, and government.

Market Growth Factors

The expansion of the business has been significantly hampered by growing public awareness of various forms of cybercrime as well as an increase in fraud cases involving unauthorized money transfers and data tampering in major corporations. Darkweb intelligence draws attention to any unrecognized risks and coordinates cyber risk assessment for preventative measures. It is typically carried out to efficiently identify, assess, and reduce risk to the security firewall.

Dark Web Intelligence Technology Is Expensive

Millions of dollars must be spent on cybersecurity by a small firm or startup, which includes programs for password management, antivirus, firewalls, spam filters, data backup, and data encryption. This increases the deployment cost of cybersecurity and cyber risk assessment, much as how some darkweb intelligence services need specific hardware to be installed. Modern cyber threat surveillance solutions also need specialized IT skills to regulate code in real-time.

Regional Outlook

The dark web intelligence market is broken down geographically into North America, Europe, Asia Pacific, and LAMEA. In 2021, the darkweb intelligence market’s greatest revenue share was generated in the North American region. This is due to an increase in the usage of dark web intelligence in the BFSI, healthcare, government, and other sectors to safeguard data against breaches, improve operational procedures, and increase customer satisfaction.

Acquisitions are one of the main techniques used by market participants. NICE Ltd. is the market leader in the Dark Web Intelligence Market, according to the analysis provided in the Cardinal matrix. Some of the leading innovators in the Dark Web Intelligence Market include EJ2 Communications, Inc., Rapid7, Inc., and Outpost24 AB.