Dark Web Intelligence Market Research, 2031
The global dark web intelligence market was valued at $341.70 million in 2021, and is projected to reach $2.30 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031.
Over the years, there have been numerous cyber-attacks on both, personal computers and even large companies' PCs system. The dark web intelligence provides securities against these ransomware attacks. It safeguards against attack as well as provides a blueprint for reliable and speedy resumption of normal operations. Furthermore, proactive detection of cyberattacks for the identification of key actors, analyzing contents of the dark web intelligence plays a significant role in deterring cybercrimes and understanding criminal minds. It is proved to be an essential step in fighting cybercrime, whether with a standalone investigation of the dark web solely or an integrated one that includes contents from the surface web and the deep web. Furthermore, as organizations are shifting their operations over the cloud, key players actively involved in the dark web intelligence market are expected to make the resultant shift.
The dark web intelligence market is segmented into Component, Deployment Model, Enterprise Size and Industry Vertical. By component, the market is bifurcated into solution and services. On the basis of deployment model, it is divided into cloud and on-premises. According to enterprise size, it is fragmented into SMEs and large enterprises. As per industry vertical, it is segregated into BFSI, healthcare IT & telecom, government, manufacturing, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Depending on component, the solution segment dominated the Dark Web Intelligence Industry in 2021, and is expected to continue this trend during the forecast period. Adoption of dark web intelligence solutions offers a lot of benefits that can improve how to detect and respond to cyber fraud. In addition, it helps to enhance cybersecurity, and also save times, money, and resources. Such advancements drive the growth of the market. However, the services segment is expected to grow at the highest CAGR in the upcoming years. Factors such as increase in competition in businesses, cyber fraud, threat, legislation, user needs, and project risks drive the growth of the market in the upcoming years.
On the basis of deployment model, the on-premise segment captured the largest market share in 2021, and is expected to continue this trend during the forecast period. This is attributed due to numerous advantages offered by the on-premise deployment, such as a high level of data security and safety. Companies prefer on-premise model, owing to high data security and less data breach as compared to cloud-based deployment models, which further drives the demand for on-premise deployment model within the public and private sectors.
However, the cloud segment is expected to witness the highest growth in the Dark Web Intelligence Market Forecast period. Rise in adoption cloud-based dark web intelligence, due to low cost and easier maintenance is expected to provide lucrative growth opportunities in the upcoming years. In addition, it provides flexibility and scalability to boost business process, which propels the Dark Web Intelligence Market Growth.
Region-wise, North America dominated the Dark Web Intelligence Market Share in 2021 for the dark web intelligence market, owing to increase in usage of dark web intelligence in BFSI, government, healthcare, and other sectors to save data from breaches as well as improve operations and the customer experience. However, Asia-Pacific is expected to exhibit highest growth during the forecast period. The region has a robust IT infrastructure and solid software and services offerings. In addition, increase in penetration of cloud-based offerings and surge in demand for dark web intelligence in healthcare, BFSI, and government sectors for security purposes drive the growth of the market in this region.
Top Impacting Factors
Factor such as rise of double extortion ransomware and rapid digitization in business processes contributing toward the growth as well as advent of cryptocurrencies such as Bitcoin drive the growth of the market. Furthermore, surge in demand for multi-layered security across organization is expected to provide lucrative growth opportunities for the market. In addition, increase in adoption of cloud-based services to streamline business process also creates numerous opportunities towards the market growth. However, lack of awareness regarding cyber-crime and high cost of innovation and budget constraints hamper the market growth.
Surge in demand for multi-layered security across organization
Cyber prevention incidents are a growing threat to the ecosystem of industries, such as the healthcare sector is a technology-saturated and complex having high endpoint complexities. Cyber vulnerability of hospital infrastructure in a country is affected by vulnerabilities in all individual healthcare facilities. Furthermore, increase in penetration of the Internet and exposure to new cybersecurity vulnerabilities are expected to offer remunerative opportunities for the growth of the global Dark Web Intelligence Industry.
In addition, rise in incidence of ransomware attacks and increase in data breaches & theft of sensitive data have increased the demand for robust dark web intelligence solutions, which is expected to open new avenues for the Dark Web Intelligence Market Size growth.
Impact of COVID-19 on the Market
The dark web intelligence market was valued at $405.50 million in 2022, and is projected to reach $2,300.10 million by 2031, registering a CAGR of 21.3%. The current estimation of 2030 is projected to be higher than pre-COVID-19 estimates. The global COVID-19 pandemic has drastically affected businesses globally. It has positively impacted the adoption of dark web intelligence due to lockdown imposed by governments of different countries. As COVID-19 cases have declined, companies are focusing on emerging technologies, such as AI-powered solutions, automation, and computing technology.
Furthermore, increase in variety of cyber frauds, such as ransomware attack, financial fraud, and data hacking across industries such as BFSI, healthcare, and government, creates the demand for dark web intelligence solution to perform contactless operations safely and securely. Furthermore, as industries are rapidly moving toward digitalization, it creates the demand for robust security solution to provide agile efficiency and real-time reporting features.
Moreover, the pandemic has introduced considerable challenges for companies, which are trying to execute key processes, report accurately with data spread over multiple locations, operate complex systems, and efficiently communicate with teammates. Hence, a greater number of companies are investing in the dark web intelligence market. Dark web intelligence solution provides limitless scalability and continual enhancement of functionalities, which are critical in accomplishing digital transformation, thus, boosting the growth of the market post pandemic.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dark web intelligence market analysis from 2021 to 2031 to identify the prevailing dark web intelligence market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dark web intelligence market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dark web intelligence market trends, key players, market segments, application areas, and market growth strategies.
Dark Web Intelligence Market Report Highlights
| Aspects | Details |
 By Component |
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 By Deployment Model |
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 By Enterprise Size |
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 By Industry Vertical |
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 By Region |
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 Key Market Players | ZeroFox, IntSights, KELA, Alert Logic, Digital Shadows, Flashpoint, Terbium Labs, Proofpoint, Inc., Verisign, NICE Actimize, Carbonite, Inc., Sixgill, Enigma, DarkOwl, Searchlight Security, Blueliv, Echosec |
Analyst Review
Over the time, enterprises have seen various changes in the business processes, operations, and industrial automation. Moreover, organizations are moving toward digitalization and shifting their operations over cloud. This eventually creates the need for dark web intelligence in sectors for security and safety purpose. However, various threats, such as cyber fraud, are evolving, adapting, and adopting ever more complex attack techniques as they are forced to discover launch strikes. Furthermore, organizations' increased investment in products, including dark web intelligence solutions provides numerous opportunities for the market growth.
On the contrary, during the COVID-19 outbreak, the number of data breaches has increased dramatically, as the pandemic has forced a state of work-at-home applied by organizations globally without taking adequate and effective measures against these threats. Furthermore, cyber-attacks are mostly notable during covid-19 pandemic, which targeting remote work tools and fraudulence target the people looking for jobs. Furthermore, the transformation urges organizations to consider contemporary and sophisticated techniques to keep pace with the development of dark web threat. Therefore, a new in-demand generation of cyber prevention solution is arising and attracting increasing interest from researchers and security practitioners, which is dark web intelligence solution.
Furthermore, prominent market players are offering dark web intelligence solutions, and are actively looking forward to collaborate their solutions with other security services providers. For instance, in March 2022, RNT partnered with Cloudian to offer full enterprise-grade dark web intelligence for organizations. Partnership with RNT brings the benefits of this technology to more organizations and provides new opportunities for resellers to grow their business, which is expected to enhance the dark web intelligence capabilities in the upcoming years.
The dark web intelligence market was valued at $405.50 million in 2022, and is projected to reach $2,300.10 million by 2031, registering a CAGR of 21.3%.
Depending on industry vertical, the BFSI sector dominated the growth in 2021.
Surge in demand for multi-layered security across organization and rise in demand for advanced technology are expected to provide lucrative growth opportunities for the market
Region-wise, North America dominated the market share in 2021 for the dark web intelligence market.
The key players operating in the dark web intelligence market include, Alert Logic, Blueliv, Carbonite, Inc., DarkOwl, Digital Shadows, Echosec, Enigma, Flashpoint, IntSights, KELA, NICE Actimize, Proofpoint, Inc., Searchlight Security, Sixgill, Terbium Labs, Verisign, and ZeroFox.
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