The global Network Detection and Response (NDR) Market is estimated to be valued at US$ 3.15 Bn in 2023 and is expected to exhibit a CAGR of 12.6% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The NDR market offers network security products that detect threats across the entire network infrastructure including endpoints, network, and cloud workloads. These solutions continuously monitor and analyze traffic patterns to identify anomalies and stop advanced cyber threats before they can compromise critical assets. They provide rich context and response actions, significantly reducing the time it takes to detect and respond to security events.
Market key trends:
One of the key trends driving the network detection and response market growth is the increasing sophistication of cyberattacks. Advanced threats like zero-day exploits, ransomware, supply chain attacks are becoming more frequent and damaging. NDR solutions leveraging machine learning and AI are better equipped to detect these stealthy threats that evade traditional signature-based detection. They analyze a broad set of behavioral and contextual signals to recognize anomalies which indicate compromise. This has increased adoption of NDR solutions for enhanced network protection across industries.
Segment Analysis
The global network detection and response (NDR) market is segmented based on component, deployment mode, enterprise size, vertical, and region. By component, the market is bifurcated into solutions and services. The solutions segment is expected to dominate the market during the forecast period. This is attributed to the increasing adoption of network security solutions to detect advanced cyber threats at the network level.
Key Takeaways
The global Network Detection And Response (NDR) Market Size is expected to witness high growth, exhibiting a CAGR of 12.6% over the forecast period 2023 – 2030, due to increasing cyber security threats and risks across enterprises.
The US region is expected to dominate the network detection and response (NDR) market during the forecast period. This is attributed to the rising cybercrime activities along with stringent government regulations toward data privacy in the country.
In terms of revenue, the global network detection and response (NDR) market size is anticipated to surpass US$ 3.15 Bn in 2023.
Key players operating in the network detection and response (NDR) market are Cisco, Juniper Networks, RSA Security, Awake Security, Vectra AI, ExtraHop, Darktrace, Fortinet, FireEye, Trend Micro, Niara, Securonix, Hillstone Networks, Countertack, Corelight, ProtectWise, Flowmon Networks, BluVector, Armor, Palo Alto Networks. Among these, Cisco, Juniper Networks, Palo Alto Networks are expected to account for major market share owing to their well-established presence and strong product portfolio.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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