Network Detection and Response (NDR) Market, By Component (Solutions, Services, Others), By Deployment (Mode On-premises, Cloud), By Organization (Size SMEs, Large Enterprises), By Industry (Vertical BFSI, Government & Defense, Energy & Utilities, Healthc

Network Detection and Response (NDR) Market, By Component (Solutions, Services, Others), By Deployment (Mode On-premises, Cloud), By Organization (Size SMEs, Large Enterprises), By Industry (Vertical BFSI, Government & Defense, Energy & Utilities, Healthcare, IT & Telecom, Retail & eCommerce, Manufacturing, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

The Network Detection and Response (NDR) Market size was valued at US$ 2,422.8 million in 2023 and is expected to reach US$ 6,957.9 million by 2030, growing at a compound annual growth rate (CAGR) of 16.3% from 2023 to 2030.

Figure 1. Global Network Detection and Response (NDR) Market Share (%), by Region, 2023

Network detection and response (NDR) products are next-generation cybersecurity solutions that provide enhanced network visibility and threat detection capabilities compared to traditional firewalls and intrusion detection systems. There are primarily two types of NDR products: appliance-based and cloud-native. Appliance-based NDR solutions consist of a physical device deployed on-premises that inspects all network traffic to identify vulnerabilities, malware, and threats in real-time. Cloud-native NDR solutions operate via Software as a service (SaaS) and provide the same network monitoring and threat detection features without the need to manage physical hardware.

Market Dynamics:

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 cyberattacks, stringent regulatory requirements related to data protection, and the growing awareness among organizations about the importance of network security. Moreover, one of the primary drivers of the network detection and response (NDR) market is the rise in sophisticated cyberattacks. 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.

Key features of the study:

• This report provides in-depth analysis of the global network detection and response (NDR) market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global network detection and response (NDR) market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include 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, and Palo Alto Networks.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global network detection and response (NDR) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global network detection and response (NDR) market.

Detailed Segmentation:

• Network Detection and Response (NDR) Market, By Component
• Solutions
• Services
• Professional Services
• Managed Services
• Network Detection and Response (NDR) Market, By Deployment Mode
• On-premises
• Cloud
• Network Detection and Response (NDR) Market, By Organization Size
• SMEs
• Large enterprises
• Network Detection and Response (NDR) Market, By Industry Vertical
• BFSI
• Government & Defense
• Energy & Utilities
• Healthcare
• IT & Telecom
• Retail & eCommerce
• Manufacturing
• Others
• Network Detection and Response (NDR) Market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Top companies in Network Detection and Response (NDR) Market:
• 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