PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378615
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378615
The Network Detection and Response (NDR) Market size is expected to reach US$ 7.24 billion by 2030, from US$ 3.15 billion in 2023, at a CAGR of 12.6% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 3.15 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 12.60% | 2030 Value Projection: | US$ 7.24 Bn |
Network Detection and Response (NDR) is an essential component of modern cybersecurity strategies. As organizations increasingly rely on interconnected networks to conduct their business operations, the need to detect and respond to network threats has become paramount. NDR solutions are designed to monitor network traffic, analyze it in real-time, and detect any malicious activities or anomalies that may pose a threat to the network's security.
The Network Detection and Response (NDR) market is expected to grow significantly in the coming years. Several factors are driving this growth, including the increasing frequency and complexity of cyber-attacks, stringent regulatory requirements related to data protection, and the growing awareness among organizations about the importance of network security.
One of the primary drivers of the NDR market is the rise in sophisticated cyber-attacks. Hackers are continually developing new strategies to breach network defenses and steal sensitive information. NDR solutions play a crucial role in detecting and mitigating these threats by providing real-time visibility into network traffic and alerting security teams about any suspicious activities.
However, despite the growing demand for NDR solutions, there are some restraints that may hinder market growth. The high cost associated with implementing and maintaining NDR solutions is one such restraint. Small and medium-sized enterprises (SMEs) with limited budgets may find it challenging to afford these solutions, which could limit market growth to some extent.
Network Detection and Response (NDR) Market Detailed Segmentation: