Global Dark Web Intelligence Market Could Be Worth $1.3 Billion by 2028
The global dark web intelligence market is projected to expand at a compound annual growth rate of 22.3% between 2022 and 2028, according to industry analyst Research and Markets. In addition, this market could be worth approximately $1.3 billion by 2028.
Several factors could drive the worldwide dark web intelligence market’s growth, including:
1. The Confidentiality and Anonymity of the Dark Web
The dark web “is devoted to confidentiality and anonymity,” Research and Markets noted. As such, the dark web represents an ideal place for cybercriminals to collect resources and information and promote their services to end-users across the globe. Plus, dark web intelligence gives these criminals insights into the current state of the cybercrime landscape and cybercrime patterns and trends.
2. Rising Demand for Dark Web Tracking Software
Many organizations are using or plan to use dark web tracking software to “incorporate dark web intelligence with their cybersecurity management process,” Research and Markets stated. This software helps organizations prevent fraud and reduce the risk of losses associated with cyberattacks and data breaches.
3. Evolving Cyberattacks Against Corporations and Consumers
Cybercriminals continue to attack both individual computers and the systems of huge corporations, Research and Markets pointed out. Meanwhile, dark web threat intelligence solutions are available that provide organizations with access to data feeds from the deep web, malware networks, botnets and other sources. They empower these organizations to guard against evolving financial crimes.
4. Growing Need for Cyber Protection in Many Industries
Organizations in a wide range of industries understand the risks associated with cybercrime and the increase in fraud cases involving illegal money transfers and data alterations over the past several years, Markets and Research noted. With dark web intelligence technologies, organizations can identify cyber risks and perform risk assessments to improve their cybersecurity measures.
5. Increasing Use of Threat Intelligence to Counter Terrorist Activities
The United Nations Office on Drugs and Crime (UNDOC) is taking steps to protect against cyber terrorism and other terrorist activities, Markets and Research stated. At this point, dark web threat intelligence can be used to understand cyber terrorism and minimize the risks associated with it.
MSSPs can integrate dark web threat intelligence tools into their offerings. For example, dark web threat intelligence company Searchlight Cyber offers a ransomware dark web tracking tool that MSSPs can use to automatically collate threat data from active ransomware groups.
As the demand for dark web threat intelligence grows, MSSPs and other cybersecurity companies may introduce similar solutions to help organizations keep pace with emerging cyber threats.