June 25, 2024
Network Detection And Response Market
Ict

Network Detection And Response Market Growth Accelerated by Expanding Cyber Attacks

Network Detection and Response (NDR) solutions have become indispensable components of modern cybersecurity infrastructure as they help organizations detect threats and gather forensic evidence from a network to respond to and neutralize attacks in real time. NDR products leverage network telemetry and machine learning to identify anomalous behavior indicative of threats. The global Network Detection and Response (NDR) Market is estimated to be valued at US$ 3.27 Billion in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing frequency and sophistication of cyber attacks has necessitated higher investments in robust threat detection and response mechanisms by enterprises. NDR solutions are gaining more prominence as they allow security teams to continuously monitor network traffic patterns in order to pinpoint intrusions or malware infections earlier. With attacks becoming more advanced through tactics like encrypted tunnels and living off the land techniques, NDR solutions provide expanded visibility and speeds up investigation and remediation through automated playbooks. This has significantly helped organizations reduce breach costs and data losses, thereby driving larger adoption of NDR platforms across industry verticals.

Segment Analysis
The global network detection and response (NDR) market is dominated by the cloud-based sub segment which accounts for around 60% share as many organizations are shifting their operations and security tools to the cloud. The cloud-based segment is witnessing high growth due to benefits like easy deployment, scalability, cost-effectiveness and remote management.

Key Takeaways
The Global Network Detection And Response (NDR) Market Share is expected to witness high growth over the forecast period.

North America is currently the dominant region in the NDR market accounting for around 40% share due to heavy investments in cybersecurity by organizations and stringent data protection regulations.

Key players operating in the NDR market are ABB, Xcel Energy Inc., EDF, National Grid Renewables, Acciona, Enel Spa, Innergex, The Tata Power Company Limited, General Electric, Invenergy.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it