PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462944
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462944
Network Detection and Response (NDR) Market size was valued at USD 2,643.56 Million in 2023, expanding at a CAGR of 15.5% from 2024 to 2032.
Network Detection and Response (NDR) solutions offer real-time monitoring capabilities for organizations to swiftly identify and counter cybersecurity threats across network endpoints, on-premises infrastructure, and cloud environments. NDR utilizes network telemetry data, advanced analytics, and threat intelligence to detect malicious activities, enabling security teams to promptly contain threats before they escalate. Key factors driving the NDR market include the escalating frequency and sophistication of cyberattacks, the increasing complexity of networks due to IoT devices and cloud adoption, and the imperative for regulatory compliance.
Network Detection and Response (NDR) Market- Market Dynamics
Demand for effective zero-trust strategies to propel market demand
The Network Detection and Response (NDR) market is poised for robust growth in the forecast years. Conventional network security defenses such as firewalls and intrusion detection and prevention systems are becoming progressively inadequate against contemporary threats. Adversaries of increasing sophistication are employing evasion tactics and lateral movement within networks, underscoring the significance of detection and rapid response capabilities. NDR platforms offer in-depth packet inspection and analytics at both network perimeters and within networks to detect anomalies and previously unidentified threats in real-time. The demand for effective zero-trust strategies further bolsters the NDR landscape. Integration of NDR platforms with secure access service edge (SASE) technologies is set to enhance alert management and response efficiency by streamlining remediation workflows. Successful NDR deployments hinge on the integration of user behavior analytics, machine learning, and orchestration with other incident response tools. Vendors providing these capabilities alongside NDR solutions are positioned favorably in the market.
Network Detection and Response (NDR) Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 15.5% over the forecast period (2024-2032)
Based on deployment segmentation, Cloud Network deployment was predicted to show maximum market share in the year 2023
Based on end user segmentation, BFSI was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Network Detection and Response (NDR) Market is segmented on the basis of Product Type, Deployment, Organization Size, End User, and Region.
The market is divided into two categories based on deployment: On-premises and Cloud. As of 2023, Cloud Network deployment emerges as the dominant segment due to several key factors. The increasing adoption of cloud-based infrastructure and services across various industries has created a growing demand for advanced security solutions capable of detecting and responding to threats within cloud environments. Cloud networks offer scalability, flexibility, and cost-effectiveness, making them appealing options for organizations looking to modernize their IT infrastructure. Consequently, there is high demand for NDR solutions tailored for cloud networks, driving the growth of this segment within the market.
The market is divided into eight categories based on end user: BFSI, Government & Defense, Energy & Utilities, Healthcare, IT & Telecom, Retail & eCommerce, Manufacturing, and others. As of 2023, BFSI sector stands out as the dominating end user segment in the NDR market. The BFSI industry manages sensitive financial data and transactions, making it a prime target for cyberattacks and data breaches. Consequently, organizations in the BFSI sector prioritize robust cybersecurity measures to safeguard customer information, prevent fraud, and ensure regulatory compliance. NDR solutions play a crucial role in assisting BFSI institutions in detecting and responding to cyber threats in real-time, protecting their networks, systems, and sensitive data assets. The stringent security requirements and high-stakes nature of the BFSI sector drive the adoption of NDR solutions, making it a dominant Organization Size segment within the NDR market.
Network Detection and Response (NDR) Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
To maintain a leading position in the Network Detection and Response (NDR) market, companies place a strong emphasis on continuous innovation, strategic partnerships, and a customer-centric approach. They allocate resources towards research and development to introduce advanced features, collaborate with technology providers to enhance product capabilities, and prioritize understanding and addressing customer needs. These strategies enable companies to stay ahead of competitors, offer comprehensive solutions, and build robust relationships with customers, thus solidifying their leadership in the NDR market.
In September 2023, Mission Secure, a provider of OT cybersecurity assessments and a complete OT security platform, launched its latest ransomware protection solution tailored for operational technology (OT) and industrial control system (ICS) networks. Engineered for rapid deployment and immediate risk mitigation, this solution equips organizations with essential tools to address security vulnerabilities and prevent the spread of harmful malware within industrial environments.
GLOBAL NETWORK DETECTION AND RESPONSE (NDR) MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Cisco
Juniper Networks
RSA Security
Awake Security
Vectra AI
ExtraHop
Darktrace
Fortinet
FireEye
Trend Micro
Niara
Securonix
Others