ADVANTAGES

Steganography lets you send messages without rising

suspicion
Hard to detect
It can be used by intelligence agencies for sending their
secret data
Difficult to detect and only receiver can detect
provide better security for sharing data in
LAN,WAN,MAN
can be applied differently in digital image,audio,vide

Disadvantage
Confidentiality of information is maintained by the
algorithm, if the algoritham are known then its all over.
If this technique is gone in the wrong hand like
hacker,terrorist,enemies then this can be very much
dangerous for all.